Smart Traffic Fund (STF)

Eligible applicants must fulfil the following criteria:

• The Applicant should belongs to the public sector or corporate sector:
• Public Sector includes:

1. The following R&D Centres:
   • Automotive Platforms and Application Systems R&D Centre;
   • Hong Kong Applied Science and Technology Research Institute;
   • Hong Kong Research Institute of Textiles and Apparel;
   • Logistics and Supply Chain MultiTech R&D Centre; and
   • Nano and Advanced Materials Institute;
2. Local Universities funded by University Grants Committee (UGC);
3. Institutions in List 1 of the Designated Local Research Institutions designated by the Commissioner for Innovation and Technology in accordance with Section 19 of Schedule 45 of the Inland Revenue Ordinance (Cap. 112) except Local Universities funded by UGC and R&D Centres; and
4. Non-profit or charitable professional bodies , trade associations and non-government organisations.

• Corporate Sector includes: 

1. Companies;
2. Institutions, professional bodies, trade associations and non-government organisations not covered by the above.

• For a project to be carried out jointly by Applicants from corporate sector and public sector (except the Public Sector Research Institutions), the application will be treated as one from corporate sector with maximum funding support of up to 50% of the Estimated Project Cost.
• For a project to be carried out jointly by Applicants from corporate sector and Public Sector Research Institutions, the application will be treated as one from corporate sector with maximum funding support of up to 70% of the Estimated Project Cost.
• Utilises the funding for conducting research and application on vehicle-related innovation and technology with at least one of the following objectives:

1. Enhancing convenience of motorists;
2. Enhancing efficiency of the road network or road space; and
3. Improving driving safety.

• The duration of the project from commencement to submission of all deliverables should generally not exceed 24 months;
• Make cash and/or in-kind contribution as stipulated in Guide to Application;
• Demonstrate capability in achieving satisfactory progress and reasonable chance of completion of project;
• Maintaining eligibility throughout the period of project implementation.

Please refer to Guide to Application for details on eligibility of applicants.

You are not eligible to apply for the Smart Traffic Fund. Please consider other SME funding schemes. Or Click on below image to contact SME ReachOut