Recycling Fund Info Session was successfully held on 8 October 2024. Mr Sam Lee, Head of the Recycling Fund Secretariat under the Hong Kong Productivity Council (HKPC) shared valuable insights into the Recycling Fund, including its application criteria, with a particular emphasis on opportunities for new and start-up businesses.
His expertise and enthusiasm had a significant impact on the attendees. In addition, the participants left the session equipped with essential knowledge about funding opportunities available for start-ups in the environmental protection sector.
Details for the event were as follows:
Date: 8 October 2024 (Tuesday)
Time: 3:00 pm – 4:00 pm (Registration at 2:45 pm)
Venue: Stella Fung Siu Wan Space for All, G/F, Library, S H Ho Academic Building (Block A), The Hang Seng University of Hong Kong
Language: Cantonese supplemented by English
Highlights of the Recycling Fund
The Recycling Fund was established in 2015 with the objectives of promoting recovery and recycling of waste into useful resources and products, by facilitating the upgrading of operational capabilities and efficiency in the recycling industry to support its sustainable development. A total of $2 billion has been injected into the funding to help achieve the objectives.
Within the Recycling Fund, Enterprise Support Programme (ESP) provides matching funds for the projects to enhance the recycling value added chain covering different aspects of the enterprises. The cumulative maximum funding amount under ESP is HK$15 million for 10 projects per enterprise. A scheme, under ESP, especially for start-up enterprises in adopting innovative ideas to facilitate recycling operations (SUP) has been set up. Companies that are established less than 5 years are welcome to apply the scheme. To support the rising need for diversified innovative projects, the funding cap for each SUP project has been increased recently from $0.5 million to $2 million per project.
