Objective

Aim to support local enterprises/ organisations in using technological services and solutions to improve productivity, or upgrade or transform their business processes.

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Eligibility

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

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(a)(i) Registered in Hong Kong under the Business Registration Ordinance (Cap. 310); or

(a)(ii) Incorporated and registered in Hong Kong under the Companies Ordinance (Cap. 622); or

(a)(iii) Established in Hong Kong by relevant ordinances as statutory bodies;

(b) Not a listed company in Hong Kong, and 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.

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Funding Amount & Project Duration

• Up to 6 projects per enterprise/organisation, with cumulative funding ceiling per enterprise/organisation: HK$600,000. The applicant must contribute no less than one forth of the total approved project cost in cash.

• A new application may only be submitted by an entity after completion of an earlier approved project and submission of the final project report.

• Each project should normally be completed within 12 months. The applicant should submit final project report within 2  months after completion of the TVP project.

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Required Documents

• Online Submission Form

• Copy of Form 1(a)/ 1(c) of the Business Registration Office or Annual Return of the Companies Registry (Form NAR1) of the applicant

• Copies of the documentary evidence proving that the applicant has substantive business operations in Hong Kong which is related to the project under application at the time of application.

• A copy of the valid Hong Kong Identity Card or passport

• Copy(ies) of the quotation(s) submitted by the bidder(s) showing their detailed contact information

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Funding Scope

• 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, with costs constitute no more than 50% of the project cost

• Project auditing for projects with approved funding exceeding $50,000. The maximum audit fee to be counted towards the total project cost is $3,000.

• Normal business operating costs are not eligible for funding application.

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Assessment Criteria

• Relevance of the proposed project to the applicant’s business

• Reasonableness of the budget

• Reasonableness of the implementation details

• Adverse record of consultants and/or service provider

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Disbursement of Funding

Funding for no more than three-fourths of the actual cost of a project (up to the ceiling approved by CIT) will be provided to an applicant. An initial payment of up to 25% of the approved funding amount is payable to a designated bank account after signing of the funding agreement and upon the applicant’s production and the Secretariat’s verification of proof (e.g. bank deposit receipt) showing the deposit of the applicant’s corresponding share of contribution to the same bank account. The final payment will be made to the applicant upon project completion and acceptance of the final project report.

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