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Technology Voucher Programme (TVP)

Know more about technology vouchers

Starting from June 1, 2020, the implementation requirements of the Technology Voucher Program will be relaxed. Enterprises can start the Technology Voucher Program on the next day after submitting the application, and must submit a declaration and a letter of commitment to the Innovation and Technology Commission within 5 working days after the launch. Businesses that have already submitted applications can also benefit.

 

We are a professional tech voucher consultancy company and regularly write tech voucher articles

What is the Technology Voucher Programme TVP?

The Innovation and Technology Fund established the Technology Voucher Programme (TVP) in November 2016, which was implemented in a pilot form at that time, aiming to subsidize SMEs to use technology services and solutions to improve productivity or upgrade and transform. In a 3:1 matching mode, the Technology Voucher provides up to HK$600,000 (HK$400,000 for applications before April 1, 2020) to eligible companies. The enterprises concerned are required to invest one-fourth of the total cost of the approved project. After the project is completed, the government will issue the approved funding to the applicant enterprise

What is the Technology Voucher Programme TVP?

BUD BUD Business Support Scheme – Mainland SchemeBUD Business Support Scheme – Free Trade Agreement SchemeBUDFAQBUD Latest NewsD – BizFAQD – BizLatest NewsEMF Promotion FundEMF Promotion FundFAQEMF Promotion FundLatest NewsTVPFAQTVP Latest NewsTVP CasesTVP Technology VouchersDistance Business PlanD-Biz

Petition form

1. Enterprises and institutions (except listed companies) that meet the following conditions can apply:

(a)(i) registered in Hong Kong under the Business Registration Ordinance (Cap 310); or

(a)(ii) a company incorporated in Hong Kong under the Companies Ordinance (Cap. 622); or

(a)(iii) a statutory body established in Hong Kong under the relevant Ordinance;

(b) is not a subsidiary of a government-funded body* or any government-funded body*;

(c) have substantive business operations in Hong Kong at the time of submitting the application, and the business must be related to the application.

*Government-funded institutions refer to institutions that receive regular government funding. The subsidy is used to cover the operating expenses of these organisations in providing services to the public. Recurrent funding may constitute a significant portion of the organisation’s revenue, or only a small contribution/sponsorship, which may constitute a small percentage of the organisation’s total revenue

Source: Innovation and Technology Commission – Innovation and Technology Fund (https://www.itf.gov.hk/l-tc/TVP.asp)

Required Documents for Technology Voucher Application

Submit application

Assessment of Technology Voucher Applications

Implementation of the Technology Voucher Project

grant funding

Purpose of Technology Voucher Funding

Purpose of Technology Voucher Funding

E-commerce system

E-commerce system includes online store content management system (CMS), customer and management Apps, online payment, online marketing system, inventory management and automatic data collection system to facilitate customer consumption and improve customer loyalty

Point of sale management system POS

Handling a variety of store sales situations, including cross-store management, member consumption records and management, online and offline links (O2O) and other retail business needs to improve operational efficiency

Customer Relationship Management SolutionCRM

Customer Relationship Management (CRM) allows companies to centrally process all customer details, understand the needs of existing and potential customers, and provide data for marketing and analysis to increase sales

Electronic reservation system

Regardless of venue management, equipment rental, business centers, clinics, etc., the reservation system can help users make proper arrangements in one-stop, and provide reports for analysis to improve the overall operation.

Big data and cloud analysis solutions

Putting traditional systems on cloud systems such as Amazon Web Services (AWS) can help the overall sustainability of IT systems, reduce costs and risks, and conduct real-time big data collection and analysis

Information sharing platform

Through the information sharing platform, customers and users can exchange information, reduce information and communication costs, and promote transactions and volumes

Useful Links for Tech Vouchers

Application Guidelines

Detailed guidance documents are provided to assist applicants in filling in the application form. The guidance details the basic information of the project, application eligibility, funding amount, application and approval procedures, project supervision, repayment of funds, enquiries and other information related to the TVP documents.

Technology Voucher Quote Invitation Template

Good faith clause and non-collusion clause

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