FDCT will launch two specialized funding schemes to foster scientific research and innovation
29/09/2021
In line with the Macao SAR Government’s policies of science and technology development, the Science and Technology Development Fund (FDCT) will launch two new Specialized Funding Schemes in October, namely - the Specialized Funding Scheme for Innovation and Technology Promotion as well as the Specialized Funding Scheme for Enterprise Innovation and R&D. The purpose of the Funding Schemes is to promote young researchers’ engagement in the research of applied science and technology and encourage enterprises to carry out innovation, R&D and transformation of scientific research results.

The Specialized Funding Scheme for Innovation and Technology Promotion will promote the application of science and technology
The Specialized Funding Scheme for Innovation and Technology Promotion aims to provide support to young researchers for them to engage in the research of applied science and technology and enhance their ability to carry out innovative research, thereby promoting the role and contribution of scientific and technological innovation to social development. It is expected that the Specialized Funding Scheme will open for application in April and October each year. The first application period is scheduled from October 5 to November 5 this year.
The amount of funding per project shall not be more than MOP 500,000, and the duration of funding shall be one to two years. Applications will open for higher education institutions in Macao, laboratories or other entities engaged in R&D activities of science and technology in the Macao SAR, as well as non-profit private institutions registered in the Macao SAR.
During the approval, considerations will be given especially to certain aspects including the value of scientific and technological application of the project; the ability of the applicant entity to carry out the project; the feasibility and work plan of the project; the budget rationality; and the expected research results.

The Specialized Funding Scheme for Enterprise innovation and R&D will put forward the transformation of scientific research results
The Specialized Funding Scheme for Enterprise Innovation and R&D aims to support the innovation and R&D in small and medium-sized enterprises (SMEs), foster emerging industries, and create a research-friendly environment in enterprises, and facilitate the innovation, R&D and the transformation of scientific research results in enterprises. It is expected that the Specialized Funding Scheme will open for application every year. The application period is scheduled from October 11 to November 11 this year.
The amount of funding for each project shall not be more than MOP 1 million, and the during of funding shall be one to two years. Applications will open for commercial enterprises registered in Macao for one year or more, with local residents holding more than 50% of the shares and other specific conditions. The corresponding funds invested by the enterprise shall be no less than 50% of the budget.
During the approval, considerations will be given especially to certain aspects including the ability to execute the project, innovation, rationality and existing foundation; ownership of intellectual property rights; market prospects and economic benefits.
In addition to supporting projects that already have a certain foundation, this Specialized Funding Scheme is also a continuation of the Specialized Funding Scheme for Industry-University-Research Partnership for Enterprises launched by the FDCT earlier.

Listening to opinions and optimizing the plan
In order to enable the Specialized Funding Scheme for Enterprise Innovation and R&D to be more adaptable to the actual needs of the industry and encourage enterprise to create a research-friendly atmosphere and foster the transformation of results, FDCT earlier visited the Industrial Association of Macau, the Youth Commission of the Macao Chamber of Commerce, the Macao Young Entrepreneur Incubation Centre, and Macau Youth Entrepreneur Association to carry out introduction on relevant contents and operation methods, to listen to the opinions of the audience. Optimization and improvement were also made upon completion of discussions and exchanges with the audience.
Applicant entities for the two Specialized Funding Schemes are required to go through the application procedures via FDCT’s Online Application System, and propose research projects to the FDCT as a research team.

In order to ensure that eligible applicant entities understand the requirements for application and approval for the two Funding Schemes, FDCT will hold the “Seminar on the Specialized Funding Scheme for Innovation and Technology Promotion” online and offline simultaneously on September 21, while the “Seminar on the Specialized Funding Scheme for Enterprise Innovation and R&D” on September 29 will be changed to a live broadcast online in line with the epidemic prevention efforts of the SAR government. Representatives of science and technology enterprises, higher education institutions and science and technology communities in Macao were invited to the two Seminars.
For more details regarding the Specialized Funding Schemes, please visit the FDCT’s website (http://www.fdct.gov.mo), or dial 28788777 or email to saf@fdct.gov.mo for inquiries.
 
September 29, 2021

 

Press conference of the Specialized Funding Scheme for Innovation and Technology Promotion


Press conference of the Specialized Funding Scheme for Enterprise innovation and R&D











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