Government grants business to take projects which are beneficial to the business itself, the industry and the society as a whole.
Congratulations to your successful TVP application. You should then go to HKPC to sign the TVP agreement. Appointment Arrive and watch the video Sign the Agreement (The description in this article is still valid on the writing date. However, BizMagnet can’t guarantee it remains unchanged all the time) Appointment to sign Once receiving the TVP … Read more
TVP portal notice: The TVP system will be suspended between 7:30pm to 9pm on 12th May 2022 for maintenance work. During the suspension, users cannot login, submit or edit any documents. You should submit any required document in advance. External link: TVP system
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
(This page is updated up to Mar 2024) 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
After the epidemic, the average time to proceed a TVP application is about 5-6 months. Usually, a reply is expected one month after application submission. During COVID peak, 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 … 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
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
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
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
