The Technology Voucher Programme (TVP), which aims to subsidise local small and medium enterprises (SMEs) in using technological services and solutions to improve productivity, or upgrade or transform their business processes, is now open for application.s this item about? What makes it interesting?
What is TVP?
TVP aims to subsidise local small and medium enterprises (SMEs) in using technological services and solutions to improve productivity, or upgrade or transform their business processes.
The programme will be implemented on a pilot basis for an initial period of three years from November 2016 with HK$500 million from the Innovation and Technology Fund.
Who are eligible to apply?
• it is registered in Hong Kong under the Business Registration Ordinance (BRO) (Cap. 310)
• it has at least one year of substantive business operation in Hong Kong which is related to the project under application at the time of application
• it fulfills the Government’s definition of SMEs, i.e. manufacturing businesses employing fewer than 100 persons in Hong Kong; or non-manufacturing businesses employing fewer than 50 persons in Hong Kong
How can I use the funds from TVP?
The approved funding from TVP can be used to cover the following: • 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
Funding up to $200,000 for each eligible enterprise will be provided on a 2:1 matching basis. The applicant enterprise must contribute no less than one third of the total approved project cost in cash. Subject to the cumulative funding ceiling of $200,000, up to three projects from an enterprise may be approved.
To ensure proper focus on project implementation, an enterprise 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.
Each project should normally be completed within 12 months.
How to apply?
K-Matrix will provide necessary support to you to facilitate your application!!
For more details: http://www.itf.gov.hk/l-eng/TVP.asp#How