Government grants business to take projects which are beneficial to the business itself, the industry and the society as a whole.
From 14th March 2025, there are significant changes in the BUD Fund and the EMF. Our consultant believed that it was due to public finance deficit and serious abuse. The followings are the detail: There are also changes in the scope and the requirement in items. BizMagnet consultant anticipated two years ago that the Authority … Read more
The TVP will cease accepting application after 31st Dec 2024. The Government considers that the Programme has already achieved its purpose and it is time to come to a stop. Though the news shocks many companies, BizMagnet is looking forward to new funding applicable.
From 16th Nov 2024, the BUD Fund extends to Peru The economies under discussion with Hong Kong include Bangladesh, Russia and Saudi Arabia. Up to Nov 2024, the BUD Fund supports Mainland China and other 38 economies.
In order to assist SMEs in the retail and catering industry, the HKSAR government has prepared $500 million for the Digital Transformation Support Pilot Programme (DTSPP). This is a one-to-one matching fund with maximum of $50,000 to help eligible companies to procure, rent or subscribe electronic payment system, POS, digital marketing and CRMs etc. Vendor … Read more
It was reported that the Commercial Crime Bureau (CCB) of the Hong Kong Police Force arrested 35 people on 10th Jan 2024 for Technology Voucher Programme (TVP) fraud cases, referred from HKPC, the TVP secretariat. The involved amount was more than HKD 10 million and one of the arrestee was an ex-district councilor Lam Chun. … Read more
BizMagnet wish you a happy new year! In the previous year, we had many many businesses and wrote less articles for our readers. We promise to write more in the coming time. A lot of people expected more opportunities in 2023 after the pandemic recovery, and they were disappointed. Economic downturn took places in almost … Read more
From 31st Oct 2023, the BUD Fund extends to Türkiye. Republic of Türkiye locates at Asia-Europe junction and the country is a member of the G20 Group. The economies under discussion with Hong Kong include Bangladesh, Russia and Saudi Arabia. Up to Oct 2023, the BUD Fund supports Mainland China and other 37 economies.
The ICAC press release announced that 6 directors or proprietors were charged for false statement during SFGS 100% loan application. The loan amount was around HK$ 19m. The trial will be held in the district court. The maximum sentence of criminal case trial in the district court is 7-year imprisonment. The consultant is not going … Read more
The Technology Voucher Programme (TVP) was founded in 2016 to support local businesses, NGOs and charities to improve efficiency and competitiveness with the use of technology. Every eligible company or organization can claim 75% of the IT project cost and it can be granted for 6 times. The total subsidy is HK$ 600,000. How to … Read more
Based on the query big data, BizMagnet TVP consultant lists out some common TVP questions. You may also know more about the Technology Voucher Programme.or our TVP application guideline.