Cyberport Hong Kong launches "Blockchain and Digital Assets Pilot Subsidy Scheme" with a maximum funding of HK$500,000.

Cyberport Hong Kong has launched the "Blockchain and Digital Asset Pilot Subsidy Scheme," which is now open for applications. The scheme will provide companies with funding support during the development phase to test high-impact blockchain and digital asset solutions. Each eligible pilot project can receive 80% funding, with a maximum funding amount of HKD 500,000.00. The funding will be disbursed in two installments, with the first installment as start-up capital and the final installment disbursed upon completion of the pilot test and confirmation by the sponsoring organization. The application period for the scheme ends on August 1. The scheme covers multiple areas, including RWA tokenization, stablecoin and payment solutions, decentralized identity, Web3 security, distributed AI/machine learning (ML), and social innovation and digital experience. Companies need to have a sizable institution as their sponsor to demonstrate that their pilot projects have the potential for commercial落地. Applicants must be companies or research institutions that are registered and operating in Hong Kong, and must meet the relevant application eligibility requirements. The solution must be directly related to a recognized Web3 field and must address practical problems faced by relevant institutions in Hong Kong, proposing innovative and unprecedented solutions in the market. [ChainCatcher]