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Speaking at the contract signing ceremony, acting Assistant Director-General of Industry, Mr Fred Leung, said ARC had so far received a total of 36 applications, of which funding support had been given to 12 projects. "The total amount of funding allocation is just over $40 million," Mr Leung said.
"The project deliverables of these funded projects include electronics products, software package and environmental products.
"The funding limit has been increased recently from 50 to 75 per cent of the fundable cost items of an approved project in order to make the Scheme more attractive. The main fundable cost items are R & D manpower, equipment, consumables, and marketing expenses."
kwan.
Also speaking at the ceremony was the Chairman of ARC, Dr Cheng Hon-
Commenting on the project, Dr Cheng said: "The Board of Directors of the ARC are of the view that the project will bring much benefits to the electronics manufacturers, particularly in the area of quality control."
Dr Cheng said a new scheme, Co-operative Applied R & D Scheme (CARDS), was launched in June to encourage local manufacturers to undertake more applied R & D work by leveraging on the vast pool of technological expertise available in the tertiary institutions and research bodies of Hong Kong and China.
"Since the launching of CARDS, the Secretariat of the Council has received three applications as well as numerous enquiries and requests for application forms," he said.
Dr Cheng urged those companies with innovative ideas for applied R & D to grasp the opportunity and submit their applications as soon as possible.
End/Tuesday, July 18, 1995
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