HK FilMart: Hong Kong Gov’t Expands Youth Support Funds

The Hong Kong government has renewed and relaunched two funds to support local filmmaking.

The First Feature Film Initiative, which had been run as a pilot program, is now to be made permanent.

Grants available to higher education students and to young professionals have been expanded to HK$3.25 million (US$420,000) and HK$5.5 million (US$710,000), respectively.

The Film Development Fund will also roll out a brand new Film Production Grant Scheme to subsidize small-budget film productions with production budgets under H$10 million (US$1.29 million). Grants are capped at 20 or HK$2 million (US$258,000) per film.

Details of the two programs were announced by the head of CreateHK, Jerry Liu, during the Hong Kong FilMart convention.

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