Film Development Fund

Overview

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The Film Development Fund (FDF) was first set up by the Government in 1999 to support projects conducive to the long-term development of the film industry in Hong Kong.
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In July 2007, the Government injected $300 million into the FDF, and expanded its scope to finance small-to-medium budget film productions.

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The FDF is administered by the Secretariat of the Hong Kong Film Development Council (HKFDC).

Objectives

The FDF aims to fund projects and activities which contribute towards the development of the Hong Kong film industry, including:

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part-financing small-to-medium budget film productions;
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enhancing efforts to promote Hong Kong films in the Mainland and overseas;
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enhancing initiatives to train talents in various aspects of film production and distribution; and
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enhancing the interest and appreciation of Hong Kong films by the local audience.

Eligibility for Application

(a) Financing Film Production

* The applicant must be a film production company formed and registered under the Companies Ordinance (Cap.32). Among the applicant, the film producer and the film director, 1 category or a total of 2 categories must have produced a total of at least 2 released films immediately preceding the date of the application.
* The film project:
  		• must be in the full film script to produce a feature drama film intended for commercial theatrical exhibition in Hong Kong with a production budget of not more than $15 million (In general, where an application is successful, the FDF will contribute up to 35% of the production budget of the film project, i.e. a maximum of HK$5.25 million per film project. Under very special circumstances and after considering the recommendation of the Fund Vetting Committee set up under the HKFDC, the Government may consider increasing its contribution for a successful application up to 40% of the production budget of the film project, i.e. a maximum of HK$6 million);
  		• should be shown to be commercially viable and has secured third-party financing to the satisfaction of the Government;
  		• in any 3 of the following categories of the main film crew and cast, at least 1 person employed in each such category must be a permanent resident of Hong Kong: (i) the film producer; (ii) the film director; (iii) the scriptwriter; (iv) the leading actor; and (v) the leading actress; and
  		• must be potentially capable of qualifying for a certificate for public exhibition in Hong Kong under the Film Censorship Ordinance (Cap. 392).

    (b) Funding Other Film-related Projects

    * The applicants should normally be a locally incorporated film industry organization or a related body.
    * The project:
  		• must be beneficial to the overall development of the Hong Kong film industry;
  		• must serve the interests of the entire film industry, and not just an individual private company or a consortium of private companies; and
  		• should mainly be non-profit making in nature.

    Application

    Each applicant may submit more than 1 application. No application fee is charged. Applicants should refer to the respective Guides to Application for details on application procedures and eligibility criteria. Application Forms and Guides to Application can be downloaded here:

    (a) Financing Film Production :

    (b) Funding Other Film-related Projects:

              (i) For other film-related projects in general:

          (ii) For films nominated to participate in film festivals or financing forums:

    Contractual Arrangements

    For applications for financing film production, successful applicants will be required to submit documents to prove the ownership of all the intellectual property rights of the film and to execute financing contracts with the Government. Samples of the documents and contracts are being prepared by the Government and will soon be uploaded to the HKFDC webpage for use of the applicants.

    The FDF Application Forms and Guides to Application are also available at:

      Hong Kong Film Development Council Secretariat
      Address: 40/F, Revenue Tower, 5 Gloucester Road
    Wanchai, Hong Kong
      Tel.No. : (852) 2594 5846
      Fax no.: (852) 2824 0595
      E-mail: info@fdc.gov.hk

     
     
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    15/3/2010