10 TVP successful cases

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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

Should I apply for the BUD Fund or the TVP?

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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

3 TVP methods you should know

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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

TVP Statistic 2020

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

COVID19 3rd wave – Distance business with government fund

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The COVID-19 (formerly known as Wuhan pneumonia) third-wave infection appears in Hong Kong with a lot of sources unknown. Dr Chuang Shuk-kwan, head of the Centre for Health Protection’s (CHP) communicable disease branch warned that the outbreak is severe and advised the public to work at home if possible. Nevertheless, distance business is not easy … Read more

TVP Fund Application – A Complete Guide

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Since the launch in Nov 2016, the Technology Voucher Programme (TVP) is so popular for SMEs to enhance productivity, operation and services. We can see abundant successful TVP examples. Now (Jun 2016) the TVP Fund offers 75% of IT projects (cumulatively HK$ 600,000) for Hong Kong eligible companies. BizMagnet TVP consultant consolidates this “TVP Fund … Read more

Government Fund Fraud – You will pay for it

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BizMagnet consultant found several news about cases of government fund fraud. Some of the people may be greedy, some may be for the sake of convenience, and result in legal consequence. SMEs applying for the TVP usually offend the “bid rig” under “Competition Ordinance” and criminal offence such as “conspiracy to fraud” and “using a … Read more

Webinar: Latest TVP enhancement

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From 1st June, 2020, the applicants of Technology Voucher Programme (TVP) can commence the project after the application submission. This can speed up the progress for around several months. The representative of the Innovation and Technology Commission will discuss about the enhancement. Date: 23 July 2020 Time: 3pm – 4pm Venue: Online Organizer: HKTDC Speaker: … Read more

Webinar: BUD Fund & TVP

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HKQAA Online Seminar: BUD Fund on Branding, Upgrading and Domestic Sales; and TVP Technology Voucher Programme – Optimization Measures and Application The BUD Fund grants at most HK$4,000,000 on a one-to-one basis and the TVP grants at most HK$600,000 on a three-to-one basis for an eligible Hong Kong company. The Hong Kong Quality Assurance Agency … Read more

TVP Project Commencement Following Application Submission

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From 1st June 2020, all TVP applicant can commence the project on the day following the application submission. (It was after application approval before), and the applicant should provide a “Declaration and Undertaking” to the Innovation and Technology Commission (ITC) within 5 working days after the commencement. This new policy can shorten the waiting for … Read more