Fintech Proof-of-Concept Subsidy Scheme
The Financial Services and the Treasury Bureau (FSTB) launches the Fintech Proof-of-Concept Subsidy Scheme (the “PoC Scheme”) aiming to encourage traditional financial institutions (the “FIs”) to partner up with Fintech companies to conduct Proof-of-Concept project (the “PoC project”) on innovative financial service products.
The PoC Scheme is administered by the Hong Kong Cyberport Management Company Limited (HKCMCL), which is wholly owned by the HKSAR Government. It provides early-stage funding support for the pre-commercialisation of leading-edge financial technologies that help the financial services industry.