TVP

Technical Voucher Program

科技券單張

What is Technical Voucher Program – TVP?

The Innovation and Technology Commission has launched the Technical Voucher Program (TVP) in 2016 which aims to support local non-listed companies and organisations to enhance productivity or upgrade business processes through adopting technical services and programmes.

How can my business uses TVP?

A. Application

 

1. Eligibility

  • Registered in Hong Kong under the Business Registration Ordinance;or
  • Incorporated and registered in Hong Kong under the Companies Ordinance;or
  • Established in Hong Kong by relevant ordinances as statutory bodies

and Not a government subvented organisation or subsidiary of any government subvented organisation

and With substantive business operation in Hong Kong which is related to the project under application at the time of application.

**TVP is not applicable to listed company.

 

2. Applications

  • Purchase, rental or subscription of customised equipment/hardware, software and technological services or solutions that form an essential part of the project.
  • 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.
  • 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.
  • 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.

**Normal business operating costs will not be funded under TVP.

 

3. What is the funding amount?

  • 2:1 matching basis (Government fund 2/3 cost of project. Maximum $400,000.)
  • Maximum 4 projects
  • undertake one TVP project at the same time
  • Each project should normally be completed within 12 months.

 

4. Obtain quotations from technology service provider(s) or supplier(s)

    Get a Quote from technine

 

5. Submit application with required documents

  • A copy of Form 1(a)/1(c) of the Business Registration Office or the latest Annual Return of the Companies Registry (Form NAR1)
  • Copy of the documentary evidence proving that the applicant has substantive
    business operations in Hong Kong which is related to the project under application at the time of application. For example, invoices/receipts or commercial contracts issued within three months before submitting application, the latest audited account, profits tax returns and taxation assessment issued
    by the Inland Revenue Department
  • A copy of the valid Hong Kong Identity Card or passport of the person signing the application form for and on behalf of the applicant
  • Copy(ies) of the quotation(s) submitted by the bidder(s) showing their detailed contact information

B. Vetting

Each eligible application will be assessed based on individual merits and considered on a case-by-case basis:

  • relevance of the proposed project to the applicant’s business
  • reasonableness of the budget
  • reasonableness of the implementation details
  • adverse record of consultants and/or service provider(s)

The application assessment last around 2 months. A successful applicant is required to enter into a funding agreement with the Government upon successful application of funding to comply with the terms and conditions of TVP.

Project to be completed within 12 months, then submit final project report.

Notice

1. “Related Entity”

entities set up as different legal entities but having the same individual(s) each holding 30% or more ownership in such entities

  • would be treated as one single entity
  • calculating the cumulative funding amount of $400,000

2. Expenditure items under an approved TVP project (including the parts contributed
by the applicant and the Government) shall not receive funding support from other local public funding sources.

3. TVP is open for application throughout the year.

C. Disbursement of Funding

Common Challenges Faced by Traditional Businesses

Huge Amount of Manual Process

  • Low Efficiency
  • Information Cannot Update Instantly
  • Messy Communications Among Departments

Scattered Customer Information

  • Lack of Storage System
  • Unable to Analyse Customer Behaviour
  • Missing Potential Business Opportunities

Errors Exist Easily

  • High Chance of Human Errors
  • Difficult to Detect Errors
  • Complex Amendment Process

How Can TVP Help Business?

Regardless of the industry, TVP can facilitate companies to develop customized systems at a lower cost while helping companies to improve operational efficiency and cost-saving. technine’s professional consultants will provide focused analysis for each client from different industries. Through our previous experience, data collection and communication with customers, we will analyse clients’ existing business models and provide professional advice in terms of technology and system applications to attain our ultimate goal of helping clients to develop and apply the most appropriate system.

Retail Industry

  • Retail Management System (POS)
  • Customer Relationship Management System (CRM)
  • Membership System
  • Human Resources Management System (HRM)
  • Enterprise Resource Planning System (ERP)

Catering, F&B Industry

  • Mobile Apps Ordering System
  • Queuing System
  • Retail Management System (POS)
  • Membership System
  • Reservation / Booking System

Logistics Industry

  • Logistic Management System
  • Human Resources Management System (HRM)
  • Order Management System

Construction Industry

  • Human Resources Management System (HRM)
  • Project Management System
  • Order Management System

ICT Industry

  • Customer Management System (CRM)
  • Human Resources Management System (HRM)
  • Enterprise Resource Planning System (ERP)
  • Automatic Data Collection and Big Data Analysis

Health & Beauty Industry

  • Customer Management System (CRM)
  • Human Resources Management System (HRM)
  • Membership System
  • Enterprise Resource Planning System (ERP)

Seeking for a TVP technical development company?
Facing difficulties in TVP application?
Looking for professional analysis from technical experts?

Without further ado, please immediately contact technine through instant messaging, WhatsApp, e-mail or phone !

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