HKPC – Smart Traffic Fund
Description
In the 2019 Policy Address Supplement, the Chief Executive announced the setup of the Smart Traffic Fund (“Fund”) to provide funding support to local organisations or enterprises for conducting research and application of innovation and technology with the objectives of enhancing commuting convenience, enhancing efficiency of the road network or road space, and improving driving safety. $1 billion have been earmarked for the Fund, which commences operation in 2020-21.
Funding Information
Entity Name
HKPC
Programme Name
Smart Traffic Fund
Max Amount
$20,000,000
Category
Environment and Animals
SDG
SDG11: Sustainable Cities and Communities
Target Beneficiaries
Other
Areas of Focus
Motorists Convenience Enhancement
Submission Format
Open Year-Round
Max Program Duration (months)
24
Application Information
Funding Format
Applications are assessed according to the following criteria:
1. Relevance to the Scope of the Fund;
2. Innovation and Technology Components;
3. Technical and Management Capability;
4. Financial Considerations;
5. Commercial Viability of Project Deliverables in Hong Kong/ Potential Application of Research Results in Hong Kong;
1. Relevance to the Scope of the Fund;
2. Innovation and Technology Components;
3. Technical and Management Capability;
4. Financial Considerations;
5. Commercial Viability of Project Deliverables in Hong Kong/ Potential Application of Research Results in Hong Kong;
Eligibility Requirements
Just an example of eligibility requirements:
Application URL
Previous Successful Applicants
Example Limited
Previous successful applicants (URL)
Expected Processing Time (weeks)
8
Contact Information
Other
Funding only for tax-exempt charities?
Only for charities
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