Modern Technology Voucher Programme

Giving strategic services to improve efficiency, performance in addition to competitive power to customers is the objective of our firm. Each eligible SMEs can send just one application at any kind of one-time. The building up funding ceiling is HK$ 600,000 and also each application could make an application for ≤ 3⁄4 of the authorized overall project expense, each SME can make an application for up to 6 tasks. TVP are moneyed by the government to urge regional enterprise utilizing IT services and solutions to boost productivity, upgrade and also change.

Because 27 February 2019, it has been exchanged a normal funding programme under the Innovation and also Innovation Fund. The government will further boost the TVP with efficient from 1 April 2020 to further assist ventures in using innovation to improve their organization procedure as well as improve their competition. TVP sustains tasks in the form of technological services as well as options which might boost efficiency, or upgrade or change the business procedures of the candidate. A checklist of common technical solutions and/or solutions covered by TVP is listed here for Applications. Applicants are welcome to propose other technological services as well as remedies which might achieve the goals of TVP. They shall take into consideration the values of such applications on a case-by-case basis.

Technology Consultancy-- the candidate might engage an innovation professional to provide outside working as a consultant for performing the project under application. For the technical assistance of the firm, you can depend on Pilot Simple Software Application. They give you with the best tech assistance, which is a have to require to become eligible to function under the program.

• Local ventures must take this chances and profit the funding to improve their competitiveness.
• Comparable to the D-Biz Programme, TVP additionally aims to subsidise local firms for using modern technology services and also options to improve performance as well as business procedures.
• To help SMEs as well as non-listed enterprises get fundings from participating loan providers such as banks for satisfying their business needs so regarding improve their efficiency and competition in the swiftly altering company setting.

The company should be integrated and also registered in Hong Kong under business Enrollment Statute, or under the Companies Regulation, or by pertinent ordinances as statutory bodies. There are around 40 funding plans offered, as well as Ng went through ten of the significant ones presently in procedure. Many of these have been enhanced in current months to far better aid SMEs cope with the ongoing turbulence. For instance, the SME Funding Warranty System, borrowers can now have a six-month halt on repaying the principal of the loan, giving them a buffer zone of money throughout this most hard duration. For example, SUCCESS gives general guidance, arranges workshops as well as tasks, and also provides library facilities. But it also provides more certain details concerning federal government permits for running organizations.

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The program released in November 2016 as a pilot and also is expected to run for three years. The federal government will certainly money the projects that are verified to boost the performance of business processes as well as boost productivity. The Technology Credit score will certainly help companies finance the expense of carrying out these remedies and services. The Technology Voucher Programme in Hong Kong is a reward scheme that supplies funding to local SMEs that carry out technological solutions and also solutions. The effort has a three-year pilot period and a collective funding limit of HK$ 600,000, which is greater than the complete quantity available in various other federal government grant schemes.

Any business or organization not detailed under the needed companies of Hong Kong and the Federal Government of Hong Kong, would not be qualified to get the financing under the Innovation Voucher Programme. For every project, your company can obtain HK$ 600,00 as financing if all the standards suit. The applicant should send all required papers to ITC for reimbursement upon conclusion of the accepted job. This consists of a final job record, evidence of deliverables, invoices, and also invoices, and so on. From 1st of April 2020, the Federal government's funding ratio for each TVP project will be raised from two-thirds to three-quarters. The financing ceiling per candidate will certainly be boosted from $400,000 to $600,000 as well as the maximum number of approved jobs will likewise be enhanced from four to six.

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The substantive company operation must be a project or jobs while of the TVP application. A firm which is a shell service enrollment is not qualified. Upon receipt of an application, the Secretariat will examine the eligibility of the applicant enterprise/organisation as well as perform a preliminary screening. The Secretariat may additionally look for clarification or auxiliary information from the applicant if essential. Qualified applications will be submitted to the TVP Board while disqualified applications will be returned to the candidate. Applications sustained by the Committee will certainly be sent to the Commissioner for Development and Modern technology for authorization of financing.

Supports the use of technical solutions as well as options by business as well as statutory bodies to improve productivity, or upgrade or transform company processes. In an initiative to enhance the competition of Hong Kong services the Hong Kong Government released a 500 million Dollar Pilot "Technology Coupon Program" under the Advancement & Modern Technology Fund. This program aims to subsidise SME's use of technological services as well as options to improve performance as well as upgrade business procedures. The government has actually enchanced the Technology Coupon Programme given that 27 February 2019 for unwinding the qualification. The funding ceiling per candidate are boost to aid more companies to improve performance, or upgrade or change their company processes. TVP is applicable to any kind of project that highlights technological solutions and also options which enhance productivity, or upgrades or changes a company' processes.

Recognize, Nurture as well as Create the skill individuals, in the right location, at the correct time. In the Policy Address provided in 2020, the President stated that the Federal government would proactively promote as well as sustain the development of arts modern technology. Development and also innovation (I&T) has actually been playing a famous role in driving economic development, as well as in improving individuals's lifestyle. It is specifically noticeable in the midst of the COVID-19 epidemic that I&T helps us combat the epidemic more effectively. The HKSAR Government has actually turned out a variety of digital systems to assist sustain the fight versus COVID-19 along the way, from supporting required quarantine, get in touch with mapping to testing as well as inoculation.

Supporting Modern Technology Beginning

Industries delighting in advantages in the process of Hong Kong's re-industrialisation include biotechnology, big data, the Net of Things, expert system and wise city. ITB, Invest Hong Kong and the ETOs will actively urge relevant ventures to establish their existence in Hong Kong. To advertise re-industrialisation, the Government is preparing to develop a Data Innovation Center and also an Advanced Manufacturing Centre in the Tseung Kwan O Industrial Estate, to be completed in 3 and five years specifically. Moreover, the Federal government introduced a Modern technology Voucher Program two months ago to subsidise using modern technology by SMEs to improve efficiency or help with updating and also improvement. The ESS funding recipient company can additionally look for the R & d Money Refund Scheme to obtain a money rebate of approximately 40% of the firm's expenditure in the project.