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Launched in November 2016, TVP aims to support Hong Kong enterprises/organisations in using technological services and solutions to improve productivity, or upgrade or transform their business processes. The project deliverables should be used in a way that would have direct impact on the applicant's business operation in Hong Kong.
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Grant Summary
Grant Eligibility |
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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;
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(b) Not a listed company in Hong Kong, and not a government subvented organisation or subsidiary of any government subvented organisation;
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(c) With substantive business operation in Hong Kong which is related to the project under application at the time of application.
(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 organisation or subsidiary of any government subvented organisation;
AND
(c) With substantive business operation in Hong Kong which is related to the project under application at the time of application.
Supportable Costs |
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- Technology Consultancy (optional)
- Customised equipment/hardware, software and technological services or solutions (needs to be an essential part of project)
- Off-the-shelf/readily available equipment/ hardware, software and technological services or solutions (needs to be an essential part of project; ≤ 50% of total project cost)
- Auditing fee (if approved funding > HK$50,000; maximum fee: HK$3,000)
Support Level |
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- 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.
Important Things To Note
How should I make an appointment? |
Can I submit more than one application under the TVP at any one time? |
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You can submit an application through the Technology Voucher Programme Funding Administrative System. Applicants may contact ITC for assistance if they encounter difficulties in submitting applications through the TVP website. (SME Reachout by HKPC - Your FREE form-filling tutor)
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You can submit only one application under the TVP at any one time. A new application may only be submitted by an applicant after completion of an earlier approved project and submission of the final project report.
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What kinds of projects will be funded by the TVP? |
I have two companies under my name. One of them has successfully applied for TVP. Can the other company under me also apply for TVP?
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The TVP supports projects that adopt technological services and solutions which could improve productivity, or upgrade or transform the business processes of the applicant. A list of typical technological services and/or solutions covered by the TVP is at Annex B of the Guidance Notes for Applications. Applicants are welcome to propose other technological services and solutions which could achieve the objectives of the TVP. We shall consider the merits of such applications on a case-by-case basis. The project deliverables should be used in a way that would have direct impact on the applicant's business operation in Hong Kong.
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Yes. Applicants may also note that with effect from 14 August 2020, different legal entities having the same individual(s) each holding 30% or more ownership in such entities are no longer treated as one single entity for the purpose of calculating the cumulative funding amount under the TVP. |
FAQ
What do I have to prepare before applying?
You will need to take note of the following process to follow:
- TVP invites applications for funding all year round. An entity should register as a user and submit its application through the Technology Voucher Programme Funding Administrative System.
- Upon receipt of an application, ITC (Innovation and Technology Commission) will check its eligibility and conduct a preliminary screening. ITC may also seek clarification or supplementary information from the applicant if necessary. Eligible applications will be considered by the TVP Committee while ineligible applications will be returned to the applicant. Applications supported by the Committee will be submitted to the Commissioner for Innovation and Technology for approval of funding.
What kinds of project will be funded by TVP?
TVP supports projects in the form of technological services and solutions which could improve productivity, or upgrade or transform the business processes of the applicant. A list of typical technological services and/or solutions covered by TVP is at Annex B of the Guidance Notes for Applications. Applicants are welcome to propose other technological services and solutions which could achieve the objectives of TVP. We shall consider the merits of such applications on a case-by-case basis. The project deliverables should be used in a way that would have direct impact on the applicant's business operation in Hong Kong.
What is the role of project coordinator in the application? Are there any requirements to become the project coordinator?
The project coordinator of the application will act as the main contact point between the applicant and the Secretariat. In order to ensure the smooth implementation and completion of the project, the project coordinator should be able to fully represent the applicant and be conversant with the operation and business processes of the applicant. As such, the project coordinator must be a responsible personnel of the applicant.
Our project has encountered some unexpected delay. Can we apply for project extension?
Each project should normally be completed within 12 months. Applicants should seek prior approval from the Secretariat for any modifications in the project completion date. However, prior approval from the Secretariat is not required for early project completion, and project extension for no more than six months. Applicant should give prior written notification to the Secretariat instead, and record the changes in the final project report. Request for project extension for more than six months without increase in the approved funding amount will be considered on a case-by-case basis. Applicants should provide full justifications on the reasonableness of the proposed extension for the Secretariat’s assessment. The Secretariat reserves the right to withhold disbursement of any part of funding support to the applicant and/or revoke approval of funding in full or in part should there be extension for more than six months in the project completion date without prior approval.
Next Steps |
Find out how our grant consultants can help your company secure the grant here.
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