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What is Technology Voucher Programme (TVP)?

The “Technology Voucher Programme” (TVP) is a funding scheme for innovation and technology under the Innovation and Technology Fund of the Hong Kong Government. Its primary goal is to help local small and medium-sized enterprises (SMEs) leverage technology solutions to improve productivity, competitiveness, and even streamline or optimize business processes. Each company is eligible for funding for up to six projects, with a maximum funding limit of HKD 600,000. The government provides funding in a 3:1 ratio, which means that companies are required to cover at least 25% of the total cost.

TVP Eligibility Requirements

Local entities fulfilling the following requirements are eligible to apply for funding under the TVP:

• Registered in Hong Kong under the Business Registration Ordinance (Cap. 310); or
• Incorporated and registered in Hong Kong under the Companies Ordinance (Cap. 622); or
• Established in Hong Kong by relevant ordinances as statutory bodies; and
• Not a listed company in Hong Kong, and not a government subvented organisation or subsidiary of any government subvented organization; and
• With substantive business operation in Hong Kong which is related to the project under application at the time of application.

TVP’s Applications

• Copy of Annual return of Companies Registry of the applicant
• Copies of Documentary Evidence Proving that the Applicant has substantive Business Operations in Hong Kong
• Copy of Selected Quotation
• Copy(ies) of Non-selected Quotation(s)
• Copy of Valid Hong Kong Identity Card of the Person Signing the Application Form
• Model Clauses in Probity and Non-Collusive Quotation / Tendering Certificate
• Declaration and undertaking for commencement of project before approval

In special circumstances, applicants may also need to provide other relevant documents. For details, please refer to the government’s Technology Voucher Programme website.

TVP Success Cases

Chinese Restaurant 

For years, dim sum cards have been a staple in traditional Chinese restaurants for recording customers’ orders. But now, with the help of TVP, these restaurants are integrating technology into their operations, upgrading and transforming their businesses. By utilizing POS systems, customers can skip the hassle of filling out dim sum cards. They only need to hand over the meal ticket to the counter for settlement, making ordering fast and convenient.

Floral Shop

With the support of TVP, the floral shop has set up a retail management system which helps shorten the time for preparing quotations, receipts and sales reports manually and reduce human errors. The system also records information of our products, the latest prices and stock level to ensure that their staff are aware of the latest status of the products for accurate replies to customer enquiries.

Frequently Asked Questions (FAQ) 

Can I submit more than one application at any one time? 

Applicants can submit only one application at any one time. A new application may only be submitted by an applicant after completion of an earlier approved project and submission of the final project report.

Is any entity holding a “shell” business registration or having most of its main business operation outside Hong Kong eligible for applying TVP? 

An entity holding a “shell” business registration or having most of its main business operation outside Hong Kong will not be regarded as having substantive business operation in Hong Kong and hence is not eligible for applying TVP.

What are the assessment criteria? 

The assessment criteria of TVP projects include:

1. relevance of the proposed project to the applicant’s business
2. reasonableness of the budget
3. reasonableness of the implementation details
4. adverse record of consultants and/or service provider(s) as known to the TVP Committee and the Secretariat if available.

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