38k funding applications received

2020-11-04 17:58:34

The Distance Business Programme has received 38,572 funding applications from 32,143 enterprises, the Innovation & Technology Commission announced today.

Applications closed on October 31.

Around 95% of the applications came from small and medium-sized enterprises.

As of noon today, the programme has processed 20,772 applications and approved 18,025 of them with total funding of around $1.02 billion.

Under the Anti-epidemic Fund, the programme aims to provide funding support for enterprises to continue business and services during the COVID-19 epidemic by adopting information technology solutions.

Enterprises may check their application status and manage their applications via the online system.

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