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Technology Voucher Programme (TVP)

The solutions (ERP, CRM, HRM, Cloud or Remote Solution) provided by Data World Solution Limited are all within the scope of TVP funding!

 

For information of approved TVP projects, please vist

https://www.itf.gov.hk/l-eng/TVP_ApprovedPrj.asp

 

For the solutions provided by Data World Solutions Limited, please click the following link:

 

New!

To facilitate the early adoption of the relevant technological services or solutions by applicants, with effect from today, the ITC will relax the requirement for Technology Voucher Programme applicants to obtain approval from the ITC before commencement of the projects. All applicants can start their projects on the day following the submission of the application at the earliest. An applicant who commences its project while the application is under processing must submit a duly completed "Declaration and Undertaking" to the ITC no later than five working days after the actual commencement date of the project. Applicants should also note that they will have to bear the full costs of their projects themselves if their applications are subsequently not approved.

 

The details of the Technology Voucher Programme (TVP) are as follows:

 

What is TVP?

TVP aims to subsidise non-listed local enterprises/organisations in using technological services and solutions to improve productivity, or upgrade or transform their business processes.

 

Who are eligible to apply?

Local entities (except listed enterprises) 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 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.

*Government subvented organisation means organisation that receives subvention from the Government on a recurrent basis. The subvention contributes towards the organisation's operational expenses, in exchange for its service to the public. The recurrent subvention may account for the bulk of the organisation's income or may just be a token contribution/sponsorship forming a small percentage of the organisation's total income.

 

What kind of projects 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.

 

How can I use the funds from TVP?

The approved funding from TVP can be used to cover the following:

  1. Technology Consultancy – the applicant may engage a technology consultant to provide external consultancy for conducting the project under application. The consultant must be a local university or research institution, or a company registered in Hong Kong under the BRO.
  2. Purchase, rental or subscription of customised equipment/hardware, software and technological services or solutions that form an essential part of the project.
  3. Purchase, rental or subscription of off-the-shelf/readily available equipment/hardware, software and technological services or solutions that form an essential part of the project. In general, the costs of such equipment/ hardware/ software/ services or solutions should constitute no more than 50% of the project cost.
  4. Project auditing for projects with approved funding exceeding $50,000. The maximum audit fee to be counted towards the total project cost is $3,000.

Normal business operating costs will not be funded under TVP.

 

What is the funding amount?

Funding up to $600,000 for each eligible applicant will be provided on a 3 (Government):1 (enterprise/organisation) matching basis. The applicant must contribute no less than one quarter of the total approved project cost in cash. In other words, funding of no more than three-quarters of the actual project cost will be provided to an applicant.

Subject to the cumulative funding ceiling of $600,000, up to six projects from an applicant may be approved. To ensure proper focus on project implementation, an applicant is not allowed to undertake more than one TVP project at the same time. Expenditure items under an approved TVP project shall not receive funding support from other local public funding sources.

 

Is there any restriction on the project duration?

Each project should normally be completed within 12 months.

 

How to apply for funding?

An entity should register as a user and submit its application through the Technology Voucher Programme Funding Administrative System (https://tvp.itf.gov.hk). Applicants may approach the TVP Secretariat for assistance if they encounter difficulties in submitting applications through the TVP website.

 

 

 

# The above information of TVP is quoted from the official TVP website (https://www.itf.gov.hk/l-tc/TVP.asp.) and summarized by Data World Solutions Limited.  Since the official TVP webpage is a third-party webpage, Data World Solutions Limited cannot guarantee that its information or content will not be updated, removed, or deleted.

 

If you are interested in applying for TVP, please click here to fill in the inquiry form!

 

For any enquiries, please contact us at 2185 1717 or by email: info.solutions@dataworld.com.hk

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