Technology Voucher Programme is a government fund sponsoring companies 75% of the IT project cost to improve productivity, operation and service. The cumulative subsidy for each eligible company is HK$ 600,000.
The Technology Voucher Programme (TVP) of the Innovation and Technology Commission (ITC) launched as a pivot programme in 2016, and became a regular programme in 2019. All eligible companies registered in Hong Kong (including individual, partnership, limited company and organization) can obtain a matching TVP fund on a 3:1 ratio (i.e. 75% of the cost) … Read more
Quotation is a fundamental business behavior and it appears always during procurement. However, there is some difference between private sector and the government in procurement. This makes quotation for the TVP a headache sometimes. In this article, BizMagnet TVP consultant shall glance the government procurement, explain the difference and consequential problem. We will attempt a … Read more
Up to April 2022, the average time to proceed a TVP application is about 6 months. First 2 months to wait for a reply, and 4 months more to approval if there is no major problem. As we can commence the project after TVP application submission, the current waiting time is much shorter. Some simple … Read more
Technology Voucher Programme launched as a pivot programme in 2016. It became regular in Feb 2019. Local businesses which fulfill the basic requirement (e.g. substantive operation, non-listed etc) can submit TVP application to the Innovation and Technology Commission (ITC). Successful applicants can enjoy the matching fund for 75% of their IT project cost, with a … Read more
BizMagnet consultant wrote about TVP fraud in 2020, around the third wave of epidemic. Nowadays, Hong Kong business environment changed completely, and many businesses closed due to social distance measures. Even the HKSAR Government launched number of supporting scheme, such as D-Biz, enhanced 100% Special Guarantee Loan scheme and extended Export Marketing Fund etc, local … Read more
On 7th April, 2022, the HKSAR Government released the second Consumption Voucher to the citizens by the same electronic payment platform, which are Octopus, Alipay, Wechat Pay and Tag & Go. It is anticipated that the social distance measures will be relieved after the expiration on 20th April. Variety of suspended businesses such as beauty, … Read more
A while ago, our BizMagnet TVP consultant had a gathering with Mr Li, an OEM boss, and others. We were talking about an old question and I am here to share the idea. Mr Li said instantly, “What? Oracle is so expensive, and so to Salesforce! We just can’t afford them!”. Bosses argued if IT … Read more
From 8th June, 2021, Hong Kong Productivity Council (HKPC) will be the Secretariat of the Technology Voucher Programme (TVP). More capital services Besides the Special 100% Loan Guarantee application, BizMagnet provides also variety of capital services, such as government fund consultation and MPF referral etc. Flexible cash-flow is essential nowadays business. Remember that cash-flow is the blood of an … Read more
In early time, Facebook, the mother company of WhatsApp, launched the “WhatsApp Payment” service in Brazil. Recently, our TVP consultant often receives inquiries from local SMEs about customer relationship management system (CRM) supporting WhatsApp. It is because the instant messenger has a very high coverage in Hong Kong. Almost all smartphone users register WhatsApp to … Read more
TVP applicants often ask BizMagnet consultancy if there is any shortcut for quotations required by the TVP office. Time is money, once a business meets a suitable supplier, it will sign the agreement and go ahead. It is not so common to do a in-depth comparison. However, government departments, public institutions and government funded projects … Read more
