Application

Expenditure Items Funded

• Each application has to be supported by a detailed budget with itemised breakdown of expenditures.

• Only expenditures directly incurred for the project and described in the approved budget items within the project duration can be charged to the funding support. The following items directly incurred for the project may be funded:
  1. 1. Additional Manpower – Only the salary (including employer’s contributions to the Mandatory Provident Fund) of the additional manpower directly incurred for the project will be funded. Monthly time sharing record should be maintained for manpower charged on a pro-rata/hourly basis.
     2. Additional equipment – Only the cost of procuring or leasing of additional equipment for implementing the project can be charged to the funding support. Equipment proposed to be purchased or leased must be essential to or specifically required by the project. The applicant is encouraged to use their existing equipment as far as possible. Applicants wishing to procure vehicles for the project must also provide a secure parking space for the vehicle so as to ensure its safe custody and will not cause any disturbance to the surrounding.
     3. Other direct costs – All other costs directly incurred for the project with the exception of overheads and other unallowable cost items set out under below will be funded. Fundable direct costs may include:
        • • Expense for consumables
          • External consultancy fees
          • Production and promotion cost of project deliverables (such as printing of leaflets, production of CD-ROMs, advertising and organising seminars).
          • Travelling expenses – expense shall be incurred by project team members. For flight charges, only cost of economy class fare is covered.
          • Direct transportation and manpower expenses necessary to organise and / or support study missions.
          • Local transportation expense for activity that is directly related to the project.
          • External audit fees, bank charges only on audit confirmation, account opening and cheque book designated for Recycling Fund Projects.
          • All related insurances including third party liability insurance, vehicle insurance, employee compensation insurance, fire insurance, etc. for the project.
          • Patent registration fees – patent registration fees directly relating to the project of not more than HK$250,000, or 90%of the total direct costs involved in patent applications(whichever is the less) may also be included in the budget.
          • For Local universities [University Grants Committee (UGC)-funded institutions only] and the Vocational Training Council, the application can include administrative overheads of up to 15% of the funding requested.  The administrative overheads should be included as part of the project expenditure in the financial information to be provided by the applicant.
     4. Unallowable costs – Unless otherwise expressly approved by the RFAC /Government, the funding support will not cover overhead expenses (such as salary of existing employee, rental, renovation expenses, utility expenses), entertainment expenses, expenses for meals, local transportation and other administration costs.