TVP Scam (Over the phone)

TVP trap

Hello everybody. You may read BizMagnet article “Common TVP fraud” and know some common tricks the fraudsters do. Recently there are more new tricks over the phone, one you are framed you may lose hundred of thousand HK dollars. Basic: Technology Voucher Programme TVP “Hi, let us get TVP money together!” First, the scammer will … Read more

BUD Fund 10th anniversary

BUD Fund 10 year

One decade has passed since the launch of the BUD Fund in June 2012. The matching fund, initially, encouraged Hong Kong businesses to explore the mainland market. After series of enhancement, the BUD Fund now supports 37 economies and each eligible enterprises can get HK$ 6,000,000 at most. In order to help you to know … Read more

BUD Fund 3rd phase extension 2022

International Trade

From 27th Jun 2022, the 3rd phase extension of the BUD Fund will be in effect as below: The FTA & IPPA Programme will extend to Kuwait and the United Arab Emirates. The total subsidy remains unchanged as HKD 6,000,000 on one-to-one basis. BizMagnet government fund consultant helps Hong Kong companies to apply for TVP, … Read more

TVP Funding for dummies 2022

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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

Update: 100% Guarantee Loan

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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

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

BUD Fund: Preview 2022

TVP success banner

Hong Kong experienced unprecedented changes since 2019. Social unrest in 2019, National Security law and the change in trade status in 2020, and also global COVID-19 pandemic, all make fundamental changes to Hong Kong business environment. As BizMagnet government funding consultant expected, the HKSAR Government cannot reduce support to business due to political and economic … Read more

BUD Fund enhancement 2021

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From 30th July 2021, the BUD Fund enhances again as below: The FTA Programme now extends to Japan and Korea (Economies of “Investment Promotion and Protection Agreement”, IPPA) and renames to “FTA and IPPA Programme” The total subsidy of “Mainland Programme” and “FTA and IPPA Programme” increases from $4M to $6M BizMagnet government funding consultancy … Read more

Important: HKPC becomes the TVP Secretariat

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From 8th June, 2021, Hong Kong Productivity Council (HKPC) will be the Secretariat of the Technology Voucher Programme (TVP). More capital services Besides the Special 100% Loan Guarantee application, BizMagnet provides also variety of capital services, such as government fund consultation and MPF referral etc. Flexible cash-flow is essential nowadays business. Remember that cash-flow is the blood of an … Read more