Technology Voucher Programme (TVP) grants 75% of the cost of IT projects for local firms. The maximum grant is HKD 600,000 for each eligible company.
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
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
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
(Latest news: BizMagnet MPF Referral service benefits both employers and employees) I went to a major MPF trustee in Hong Kong to explain the relation between government fund and MPF. Maybe you wonder why MPF relates to the government fund. This is the reason: Except start-up fund, all government business subsidy application requires the applicants … Read more
For successful application and reimbursement of government fund, all procurement must follow the above process strictly and the winning vendor should be the one with lowest price. If the applicant cannot fulfil the above requirement, one should explain in detail to the Authority. BizMagnet will discuss with our clients how to observe the rule.
Up to the end of May 2020, Distance Business Program (D-Biz) received around 8,000 applications and 2,000 IT suppliers to join the reference list. The Innovation Technology Commission (ITC) announced that the deadline to join the reference list is 6th June. Suppliers wish to join the list should apply before the deadline. TVP plans to … Read more
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
*This article was written in May 2020. However, the ITC Technology Voucher Programme relaxed the restriction on 14th Aug 2020, please refer to: TVP “related entities” restriction relaxed. Only for TVP. For all government business subsidies, the applicant should be a company. Some asked BizMagnet before this question: If I set up 10 companies, can … Read more
