• Applicant must be a company registered in Hong Kong and conduct substantive Web3 or Mainstream technology innovation activities*

• Applicants must participate in well-established incubation programs or conduct Web3 research in HK.

• The applicant is required to partner with a qualified sponsor to team up and develop the proposed Web3 PoC project through a co-creation collaboration model.

• The Web3 PoC project must be an original and innovative Web3 project with a strong commercial potential for different industries in Hong Kong.

• Accelerate the implementation of innovative Web3 service/product that has a high impact and high potential for commercial adoption.

• Encourage Web3 technology firms to partner and co-create with established industry players (sponsors) to implement high-value and innovative Web3 service products. 

• Accelerate the growth of Web3 technology communities and Web3 adoption in Hong Kong

• The approved Web3 PoC project is 100% subsidised by the Web3 PoC Scheme with funding up to HK$150,000. 

• Eligible applicants and Web3 PoC projects will be reviewed and approved by the HKCMCL before the funding is granted

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• Applicants can apply for a maximum of three Web3 PoC projects.