Technology Voucher Programme, TVP

Technology Voucher Programme is a fund allocated by the Hong Kong government to subsidize local small and medium-sized enterprises or institutions to use technology services and solutions to increase productivity or upgrade and transform business processes. The plan was launched in November 2016 in a pilot form and was included as the next constant funding plan of the Innovation and Technology Fund on February 27, 2019. Starting from April 1, 2020, the Hong Kong government will further optimize technology coupons to help companies use technology to improve business operations and enhance competitiveness.

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Local entities fulfilling the following requirements are eligible to apply for funding under the TVP: (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; AND (b) Not a listed company in Hong Kong, and not a government subvented organisation3 or subsidiary of any government subvented organisation3; AND (c) With substantive business operation in Hong Kong which is related to the project under application at the time of application.
The funding will be on a 3 (Government):1 (enterprise/organisation) matching basis. Each eligible company can be approved for up to 6 projects with a maximum of HK$600,000 in funding. The enterprise must invest no less than one-fourth of the total cost of the approved project in cash. After the approval of the project is completed, the Hong Kong government will issue approved grants to the applicant enterprises. Each project should generally be completed within 12 months.
Technology Consultancy Service, Customized equipment/hardware, software and technology services or solutions, Ready-made equipment/hardware, software and technology services or solutions, Project audit (cost limit: $3,000), General operating costs will not be funded by technology voucher