The TVP Technology Voucher Programme was designed to improve productivity and facilitate business process transformation, assisting local enterprises in implementing technology services and solutions.
The TVP Technology Voucher Programme is now closed for applications. Click the button below to learn more about other government funding schemes.
Companies in which the same shareholder holds 30% or more of the shares in each company shall no longer be regarded as “associated enterprises.”
The cumulative funding amount will be calculated separately, meaning each company is entitled to a maximum subsidy of HK$600,000.
Applicants are permitted to commence the project from the day following application submission, without awaiting approval.
To successfully apply for the TVP Fund, enterprises must meet the following eligibility criteria for the TVP Technology Voucher Programme:
To successfully apply for the TVP Fund, enterprises must meet the following eligibility criteria for the TVP Technology Voucher Programme:
01
Request a Quotation and Confirmation Letter
The applicant shall obtain a quotation from the service provider, along with a signed declaration of honesty and a non-collusive quotation/tender confirmation.
02
Submit TVP Application
Applications must be submitted via the TVP Management System, together with all necessary supporting documents.
03
Preliminary Assessment and Internal Review
The Innovation and Technology Commission conducts a preliminary assessment and carries out an internal review process.
04
Sign the Funding Agreement
Applicants who successfully pass the review will enter into a funding agreement with the Innovation and Technology Commission.
05
Application for Initial Disbursement
Applicants may apply for the first instalment as needed.
06
Start Project and Submit Reports
Applicants may initiate the project and are required to complete it within one year, submitting the final report along with audited accounts for review.
07
Review Outcome Notification
Applicants will be informed of the review results in writing by the Innovation and Technology Commission.
08
TVP Funding Disbursement
The TVP Technology Voucher funding will be disbursed to approved applicants.
Generally, there is no restriction on the incorporation date for TVP Technology Voucher applicants, so newly established companies may also apply, provided they have substantive business operations. The company does not necessarily need to be profitable, but it must have generated revenue. However, companies that have been established for a very short period (e.g., less than six months) may be subject to additional considerations during the review.
General operating expenses are not eligible for TVP Technology Voucher funding, such as:
• Employee salaries and allowances
• Office equipment, hardware, software, and technology solutions required for daily operations
• Professional service fees unrelated to technology
• Costs related to marketing and promotion
• Travel and accommodation expenses
• Purchase, maintenance, warranty, and insurance of existing equipment
• Financing costs and administrative expenses
• Expenses incurred before project approval or outside the project period
Enterprises may use TVP funding to implement innovative technology solutions, including the acquisition of hardware, software, and equipment, or engaging professional services and technical training. Eligible solutions commonly include HRM systems, ERP solutions, CRM systems, POS management systems, BIM, and other enterprise digital management platforms.
After an enterprise is approved for the TVP Technology Voucher, it must purchase technology services and products in accordance with the relevant rules and procedures. Following the purchase, the enterprise is required to submit the relevant supporting documents to receive the funding.
There are many reasons why a company's application for the TVP technology voucher may be rejected. Here are some common reasons:
1. Ineligible: The enterprise does not meet the basic eligibility requirements for the Technology Voucher application, such as company size, registration duration, and so forth.
2. Incomplete or incorrect application documents: If the documents submitted by the company during the application process are incomplete or the information filled in is incorrect, the application may be returned or rejected.
3. Project Does Not Meet Policy Requirements: The Technology Voucher project proposed by the enterprise does not comply with policy criteria, such as falling outside the scope of support or lacking innovation.
4. Insufficient Demonstration of Economic Benefits: The proposed TVP project does not clearly illustrate its impact on improving business competitiveness or generating economic benefits.
5. Inappropriate Budget: The proposed project budget is either excessive or fails to comply with the government’s evaluation criteria.
6. Unclear Project Timeline: The submitted project timeline is unclear or insufficiently detailed, making it difficult for the reviewing authority to evaluate the project’s feasibility.
7. Non-Compliant Application Process: The enterprise did not follow the correct application procedures, which may result in the application being rejected.
To avoid rejection, enterprises are advised to thoroughly understand the government funding policy requirements when applying for the TVP Technology Voucher, ensure they meet all eligibility criteria, submit complete application documents, and follow the prescribed procedures.
If you find the TVP Technology Voucher application process complex and want to improve your chances of approval, engaging OneSec as your corporate service provider is an excellent choice!
• Professional Expertise: OneSec has extensive experience and specialised knowledge in handling government funding applications. We help companies navigate the TVP Technology Voucher process and interpret relevant policies, enhancing the chances of approval.
• Save Time and Effort: Applying for the TVP Technology Voucher can be time-consuming and resource-intensive. Engaging OneSec allows enterprises to focus on their core business activities.
• Operational Efficiency: With in-depth knowledge of the application process, OneSec can efficiently execute all necessary tasks, ensuring a streamlined and timely application.
• Policy Guidance: OneSec provides expert guidance on government subsidy policies, helping companies prepare TVP Technology Voucher applications that meet approval criteria and preventing potential delays.
• Expert Guidance: OneSec provides professional advice tailored to your company's needs, helping you successfully secure TVP technology voucher funding!
Comprehensive end-to-end support covering company incorporation, funding applications, and project execution, professionally managed from start to finish.
