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.
Today(12/9) is the first weekend after social gathering ban relaxed (4 people for a table). Obviously there are more people in the streets and malls, especially restaurants and retail store in shopping malls. BizMagnet hopes Hong Kong people keep the social distance to protect ourselves and recover the economy soon. I went out to observe … Read more
As of BizMagnet TVP consultant experience in the industry, the very question of a client is not “am I qualified to apply for the TVP?” but “how do you charge?”. It is reasonable to see if it is cost effective. In general, there are TWO charging methods for TVP consultation services: proportional and fixed fee. … Read more
Technology Voucher Programme (TVP) provides eligible Hong Kong companies 75% subsidy (cumulative maximum: HK$600,000) to use technology solution and services. The technology should enhance the total competitiveness, upgrade or transform the business. In the pandemic period, distance working with website and cloud system is essential for business operation. Recently, the TVP relaxed the restriction to … Read more
Very soon it is Q4 of 2020, and both 2019 and 2020 are unusual years. BizMagnet TVP consultant consolidates information and attempts to predict the trend of TVP (Technology Voucher Programme) in 2021. No matter you applied for government fund such as TVP and BUD Fund before, it is time for you to prepare next … Read more
BizMagnet TVP consultant received inquiries recently if we can provide TVP quotation. The answer is NO, because BizMagnet is not an IT system supplier. BizMagnet is a government funding consultancy to offer TVP consultation. We are clear about our role to clients. However, some participants in the industry, no matter IT solution provider or TVP … Read more
According to the official TVP website announcement, the “related entities” restriction is relaxed from 2020/08/14. Now, different companies with the same ultimate natural person holding more than 30% shares will NOT be considered as ONE single entity. These companies have independent cumulative subsidy pool. In other words, suppose you own more than 30% of Alpha … Read more
From social unrest and COVID-19, Hong Kong SMEs are under unprecedented stress. Never say never, there are also a lot of companies upgrade at the same time with the aid of the Technology Voucher Programme (TVP). They are optimistic about future and get well-prepared. BizMagnet consolidates 10 successful TVP cases to share the insight. The … Read more
From social unrest in 2019 to COVID-19 this year, plus the global political conflict, it is a very difficult time for Hong Kong SMEs. A business upgrade and transformation with government funding could be a good idea in economic adversity. Not only save some money, but also gain resilience in the future. HSBC interviewed around … Read more
The Innovation Technology Commission launched the Technology Voucher Programme (TVP) as a pivot basis in Nov 2016, and increased the cumulative maximum to HK$ 400,000 and made the scheme regular in Feb 2019. Due to COVID-19 epidemic, the TVP Fund further enhanced in the Budget 2020: maximum raised to HK$ 600,000, subsidy ratio raised to … Read more
There are plenty of successful cases of Technology Voucher Programme (TVP) since the launch in 2016. BizMagnet TVP Consultant has tidied up open statistic and review relevant information. In according to Legco 2019-2020 meeting document (ITB written reply to Finance Committee), there are totally 3,442 application up to Feb 2020. Among the 2,318 processed applications, … Read more
