XN000022-1996-05-15 — Page 48

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(b)

(c)

(iii) whether the applicant of a proposed project has the required technical and project management capability and whether the schedule of implementation and duration of the project are acceptable;

(iv)

(v)

whether the budget of a proposed project is reasonable and whether the project will become self-sufficient financially after a certain period of time; and

whether it would be more appropriate to fund a proposed project by other sources such as the University Grants Committee or the Applied R & D Scheme.

All applications submitted to the Fund, whether by tertiary institutions or by industrial establishments, are vetted by the Industry and Technology Development Council and its committees in accordance with the same set of criteria.

The Industry Department already promotes, and will continue to promote, the Fund in the following ways -

(i)

(ii)

annual issue of invitation letters together with publicity materials on the Fund to all likely applicants, including trade and industrial organisations (ITOs);

regular briefings on the Fund for all likely applicants, including ITOS;

(iii) inclusion of information on the Fund in government publications such as the fact sheets on Hong Kong Manufacturing Industry and on Science & Technology, the Hong Kong Annual Report, the annual report on the Hong Kong Manufacturing Industry, the leaflet on "Support Service for Hong Kong" and Industry Department's Handbook; and

(iv)

inclusion of information on the Fund in the Industry Department Home Page on the Internet.

In addition, the findings and deliverables of various completed projects supported by the Fund will be exhibited at the Technology Week scheduled for 6-11 January 1997. This should help to promote the Fund. Also, to encourage more ITOs to submit applications beneficial to the industrial and technological development in Hong Kong, the Industry Department will consider an earlier issue of invitation letters to allow interested bodies more time to prepare their submissions. The Department will undertake more briefings on the Fund to the ITOS.

End