Coin World News reports that on June 18 (UTC+8), according to official news, Hong Kong Cyberport launched the 'Blockchain and Web3 Pilot Subsidy Scheme'. This scheme provides financial support to blockchain and Web3 companies in the development stage, enabling them to create innovative and impactful solutions. The program encourages participating tech companies to collaborate with qualified project sponsors from different industries, creating opportunities to test and validate blockchain and Web3.0 applications in real-world environments. The application period is from June 18, 2025, to August 1, 2025, with each eligible entity able to apply for support for up to three pilot projects. The scheme offers funding of up to 80% of the total project expenses, with a maximum approved funding amount of HKD 500,000 for each project. To qualify for funding under the scheme, applicants must meet all the following conditions: registered in Hong Kong according to the Business Registration Ordinance (Cap. 310) before submitting an application; conducted business in Hong Kong before submitting an application: technology companies or research institutions engaged in substantial blockchain and Web3 activities either in Hong Kong or overseas and belonging to recognized blockchain and Web3 solution categories, participants of Hong Kong's mature incubation programs, or new enterprises established by mature technology companies. (Source: Hong Kong Cyberport)