Technology Voucher Programme (TVP)
What is TVP?
TVP was launched in November 2016 on a pilot basis to subsidise local small and medium enterprises (SMEs) in using technological services and solutions to improve productivity, or upgrade or transform their business processes.
Since 1 April 2020, the following enhancement measures have been implemented:
- converting the TVP into a regular funding programme under the Innovation and Technology Fund;
- expanding the eligibility criteria to cover companies incorporated and registered in Hong Kong under the Companies Ordinance and
statutory bodies set up in Hong Kong (except government subvented organisations and their subsidiaries);
- increasing the funding ceiling per applicant from $400,000 to $600,000;
- increasing the maximum number of approved projects per entity from four to six;
- expanding the list of typical technological services and solutions in Annex B of the Guidance Notes for Applications;
- simplifying the application procedures by –
- waiving the requirement for applicants to submit the quotation invitation documents issued to service providers in their applications; and
- waiving the requirement for applicants to certify the supporting documents (i.e. to sign by an authorised person of the applicant and affix the company chop) for submission in applications;
- waiving the requirement for obtaining prior approval from the Innovation and Technology Commission for early project completion and project extension for no more than six months; and
- clarifying the definition of off-the-shelf/readily available items as those that can be procured “off-the-shelf” and installed/used directly by the applicant enterprises, such as desktop/notebook computers, printers, scanners, servers, mobile phones, tablets, standard office suites (MS Office), anti-virus software, etc., while software systems that require compilation/integration by service providers at the request of the applicants, even those involving standard modules with or without tailor-made features, will be regarded as customised items as long as they are not readily available “off-the-shelf”.