TVP was launched in November 2016 on a pilot basis to subsidise local small and medium enterprises (SMEs) in using technological services and solutions to improve productivity, or upgrade or transform their business processes. Since 27 February 2019, it has been converted into a regular funding programme under the Innovation and Technology Fund. The Hong Kong government will further enhance the TVP with effective from 1 April 2020 to further assist enterprises in making uses of technology to improve their business operation and enhance their competitiveness.

Key Features

• Provide funding for projects on a 3 (Government):1 (enterprise/organisation) matching basis.
• Cumulative funding ceiling per enterprise/organisation: HK$600,000.
• Up to 6 projects per enterprise/organisation.

Objective

The main objective of the Technology Voucher Programme (TVP) is to subsidize Hong Kong’s local small and medium enterprises to develop technological services and solutions. When using better technologies, local companies can:

• Improve productivity
• Upgrade and/or transform business processes
• Maintain long term competitiveness

Eligibility

Local entities fulfilling the following requirements are eligible to apply for funding under the TVP:
(a)(i) Registered in Hong Kong under the Business Registration Ordinance (Cap. 310); or
(a)(ii) Incorporated and registered in Hong Kong under the Companies Ordinance (Cap. 622); or
(a)(iii) Established in Hong Kong by relevant ordinances as statutory bodies;
AND
(b) Not a listed company in Hong Kong, and not a government subvented organisation3 or subsidiary of any government subvented organisation3;
AND
(c) With substantive business operation in Hong Kong which is related to the project under application at the time of application.

What documents are needed when applying?

• Copy of Business Registration Certificate, Business Registration Office Form 1(a) or Company Registry (Form NAR1)
• Proof of substantial business operations
• Copy of applicant's identity document
• Copy of Business Registration Certificate of Technology Consultant
• Copy of quotation

What kinds of project will be funded by TVP?

Example:

• Appointment scheduling and queue management system
• Augmented reality (AR) technologies system
• Big data and cloud-based analytics solution
• Building information modelling (BIM) system
• Clinic management system
• Cyber security solution
• Document management and mobile access system
• Electronic inventory management system
• POS system
• Enterprise resource planning (ERP) solution(including CRM system)
• Fleet management system
• Location based services (LBS)
• Logistics management system
• Electronic procurement management system
• Quick response management (QRM) system
• Real-time manufacturing tracking system
• Solutions to facilitate compliance with manufacturing standards
• Computer Aided Design (CAD)
• Intelligent Robot (Industrial Robot and Service Robot) Applications
• Product Management System
• School Management System

Technology Voucher Programme (TVP) Application Process

The application to TVP consists of five stages:

1. Required Documents Preparation and Application Submission
2. Assessment of Application
3. Notification of Results
4. Project Implementation
5. Disbursement of Funding

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