New Industrialisation and Technology Training Programme (NITTP) is a funding scheme under the Innovation and Technology Fund that subsidises local companies 2/3 of the training cost to train their staff in advanced technologies, especially those related to "Industry 4.0".
Easy Application for funding- 3 steps
1. Company submits application at least 2 weeks before the training starts
2. After Vetting by NITTP Secretariat, receive confirmation letter
3. Submit claim form and supporting document within 2 months after completion of training
Funding Ceiling
Each company is subject to a funding ceiling of HK$500,000 in each financial year at the course commencement date. Companies should contribute no less than one-third of the actual training cost. There is no limit on the number of eligible trainees from each company for each training course.
Eligibility
Companies applying for training grant under the NITTP should fulfill the following requirements –
(a) registered in Hong Kong under the Business Registration Ordinance (Cap. 310);
(b) must be a non-government and non-subvented organisation; and
(c) the employee nominated is a Hong Kong permanent resident with the necessary background / experience relevant to the advanced technology.
User Guide for Companies
Learn more: NITTP