TVP

Technology Voucher Program

Apply TVP – Subsidize IT System Upgrade Cost for Digital Transformation

technine is a system integrator that provide tailormade IT solutions. We specialize in software R&D such as system, mobile app, kiosk system, corporate website and e-shop (e-commerce) development etc.

technine has assisted numbers of customers to apply TVP fund successfully.

  • We guide our customers to prepare and submit documents themselves at different stages based on our experience.
  • We introduce our partner agencies to customers which can help handle the whole application process includes documents submission.

From April 2020 onwards, the TVP will be enhanced to encourage more local SMEs to upgrade their IT system to streamline their operations and boost productivity.

  • Proportion of Gov support to be increased from 1:2 to 1:3 (from 66% to 75%)
  • Fund upper limit to be increased from HK$400K to HK$600K
  • Max number of projects to be increased from 4 to 6
  • TVP can be applied throughout the year

TVP Application Eligibility

  • Registered in Hong Kong under Business Registration Ordinance (BRO) or Companies Ordinance
  • With substantive business operation in Hong Kong
  • Non-listed nor government subvented organization or subsidiary of any government subvented organization

Digital Transformation – How to get started?

Most local SMEs are facing these operational problems:

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 technine helps?

  • Provide professional analysis and advice based on experience, market research and thorough communications with customers
  • Provide quotations, plans, services on development and implementation of suitable system to enhance efficiency and save costs in long term

What IT systems should be adopted?

Generally, industries need to implement below IT systems which are eligible to TVP application to sort out business data, speed up operational processes and reduce human errors.

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)

Customized system is needed for unique operation?

Many SMEs have their own work process to operate their businesses, they need customized systems to cater their needs. technine has helped various customers tailormade IT systems

Contact Us Now – We are ready to provide IT advices on your TVP projects!

TVP Application with Project Execution Timeline

TVP Application Q&A

Application Procedure

  1. Applicants to obtain quotations from IT vendors
  2. Submit application form and documents required via online system
  3. 1-3 months for approval by TVP Committee 
  4. Approval granted and signing of agreement
  5. Project duration should not exceed 12 months 
  6. Submit final audit report for approval of fund release
  7. Fund to be transferred to applicant’s (company) bank account

Application Eligibility

  • Registered and established in Hong Kong 
  • Registered under Business Registration Ordinance (BRO) or Companies Ordinance as statutory body
  • With substantive business operation in Hong Kong
  • Non-listed nor government subvented organization or subsidiary of any government subvented organization
  • Charity and non-profit organizations are eligible

Funding Amount

  • Up to $600K for each eligible entity will be provided on a 3:1 matching basis
  • Up to 6 projects may be approved and only 1 project could be undertaken at a period of time 
  • Project duration should not exceed 12 months

Funding Scope

  • Purchase or rental of customized equipment (hardware), software and technological services should form an essential part of the project
  • Applicant can hire external IT consultancy for technological solutions to be adopted
  • Normal operational costs will not be funded

Required Documents

  • Form 1(a)/1(c) of the BRO or the latest Annual Return of Companies Registry (Form NAR1) 
  • Documentary evidence of substantive business operations, e.g. invoices, bills, business contracts and audit reports within last 3 months
  • Copy of valid HK Identity Card or passport of the person signing the application form 
  • Copies of quotations submitted by the bidders (IT vendors)

Assessment Criteria

  • TVP Committee to review and approve
  • Project necessity and relevancy to applicant’s business
  • Reasonableness of estimated budget
  • Executability and rationality of project deliverables
  • Past illicit records 

Approval Lead Time

  • Initial approval takes 2 months
  • Agreement should be signed before project commencement 
  • Project should be completed within 12 months followed by final report submission 
  • 2 more months for final approval after final report submission

TVP Official Website (2020 Feb Version) 

https://tvp.itf.gov.hk/en-US/Home/Index

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