TVP Funding for dummies 2022

BizMagnet Consultant social sharing

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

TVP Quotation

Technology Voucher Programme TVP - BizMagnet Limited

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

Which countries are supported by BUD Fund?

BUD Fund poster - BizMagnet Limited

(This page is updated up to April 2022) The BUD Fund consists of “Mainland Programme” and “FTA and IPPA Programme“, and supports related projects in Mainland China and FTA and IPPA economies respectively. The FTA and IPPA Programme was originally the ASEAN Programme to supports projects in the ASEAN member states. Later on the Programme … Read more

TVP FAQ 2022

BizMagnet – Meeting Banner

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

Update: 100% Guarantee Loan

BizMagnet – Shake hand Banner

In Budget 2022, the Financial Secretary extended the application of “SME Financing Guarantee Scheme” and lifted the maximum amount of “Special 100% Loan Guarantee“. However, the scheme is limited to business started on or before 31st March, 2020. Businesses started in last two years are not qualified to apply. The authority announced a good news … Read more

“100% Loan Guarantee” fraud

TVP trap

In order to lower the impact of the fifth epidemic wave on local SMEs, the HKSAR Government launched “Special 100% Loan Guarantee” scheme to provide low-rate credit. However, fraudsters made false instrument such as bank statement and MPF records etc. They obtained around HKD 280 million already and planned to apply for HKD 100 million … Read more

Budget 2022 support for commerce

HKTDC sourcing

Financial secretary Paul Chan announced the last financial budget of his term. Due to the serious impact of the 5th wave of COVID-19, the budget provides a series of support to local commerce and this is the brief: Reduce 100% of profit tax for the year of assessment 2021/2022 (Maximum: HKD 10,000) Reduce non-residential rate … Read more

BUD Fund 2nd phase extension 2022

International Trade

From 14th Feb 2022, the 2nd phase extension of the BUD Fund will be in effect as below: The FTA & IPPA Programme will extend to Austria, Belgo-Luxembourg Economic Union, Canada, Denmark, Finland, France, Germany, Italy, Mexico, the Netherlands, Sweden and the United Kingdom. The total subsidy remains unchanged as HKD 6,000,000 on one-to-one basis. … Read more