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.
Who are eligible to apply?
a) Registered in Hong Kong under the Business Registration Ordinance (Cap. 310); or
b) Not a government subvented organisation* or subsidiary of any government subvented organisation*;
c) With substantive business operation in Hong Kong which is related to the project under application at the time of application.
What is the funding amount?
Project duration: Within 12 months
Cumulative Funding Amount: Up to HK$400,000
No. of Projects: 4 projects at maximum
Funding Basis: On a 2:1 matching basis
(The applicant must contribute no less than one third of the total approved project cost in cash)
The approved funding from TVP can be used to cover :
Purchase, rental or subscription of customised equipment/hardware, software and technological services or solutions that form an essential part of the project.
Purchase, rental or subscription of off-the-shelf/readily available equipment/hardware, software and technological services or solutions that form an essential part of the project.
Project auditing, maximum audit fee to be counted towards the total project cost is $3,000.
Some examples on how a company can use the TVP funds include:
HR process re-engineering
Inventory management system
Cloud ERP system
Purchase POS system
Logistic management system
Online sales system
Customer relationship/information management system
Online hotel booking system
Online travel agency website
Insurance brokerage system
Cloud-based crowdfunding platform
And many more
Sample Documents Required for Submission of Applications
Copy of Annual Return of Companies Registry (Form NAR1) of the applicant
Copies of documentary evidence proving that the applicant has substantive business operations in Hong Kong
Copy of selected quotation
Copy of non-selected quotation
Copy of valid Hong Kong Identity Card of the person signing the application form
Model Clauses in Probity and Non-Collusive Quotation/Tendering Certificate