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Source: Hong Kong Information Services

Applications are being invited from self-financing post-secondary institutions for funding support under a $1.26 billion scheme to develop and enhance programmes that meet market needs but require high startup costs.

Announcing the launch of the Enhancement & Start-up Grant Scheme for Self-financing Post-secondary Education today, the Education Bureau said the scheme will help institutions better develop their strengths and niche areas, thereby strengthening strategic co-ordination between them.

It will also relieve the financial burden on students by alleviating the institutions’ need to fully recover the set-up costs from tuition fees, the bureau added.

The application deadline is April 23, 2021.

Independent non-profit-making education institutions offering full-time locally accredited local self-financing sub-degree or undergraduate including top-up degree programmes are eligible to apply.

These institutions include the Open University of Hong Kong, approved post-secondary colleges under the Post Secondary Colleges Ordinance and post-secondary institutions registered under the Education Ordinance.

The Committee on Self-financing Post-secondary Education will advise on the merits of the proposals received and make recommendations to the Secretary for Education.

Funding for each proposal will generally be capped at $42 million. Funding beyond the cap may be provided on a case-by-case basis, subject to the actual utilisation of the scheme’s funds and the merits of the proposal as advised by the committee.

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MIL OSI Asia Pacific News