Hong Kong Technology Voucher Programme (TVP)

The Hong Kong Technology Voucher Programme (TVP) was established by the Innovation and Technology Fund (ITF) scheme to help small and medium-sized enterprises (SMEs) in Hong Kong improve their productivity and competitiveness through the adoption of technology solutions. The TVP provides funding for eligible SMEs to purchase technological services and solutions from designated service providers.

Disclaimer: Pulsely Consulting Limited does not provide "consultation services" for applying TVP funds nor participating in the selection of vendors, suppliers or service providers.

This page provides pointers for giving your company the maximum chance of success at obtaining TVP funding. Your company is recommended at selecting vendors carefully.

Feel free to contact Pulsely Consulting Limited for quotations on TVP.

Overview

The TVP is a reimbursement scheme, which means that eligible SMEs can receive up to HKD 600,000 (approximately USD 77,000) in funding, covering a maximum of 75% of the project cost, upon completion of the project and submission of the required documentation. The remaining 25% of the project cost must be borne by the SME.

To be eligible for the TVP, SMEs must meet certain criteria, such as being registered in Hong Kong for at least one year, having a valid Business Registration Certificate, and employing fewer than 100 employees. The TVP covers a wide range of technology solutions, including but not limited to, software development, cloud computing services, e-commerce, and digital marketing.

Overall, the TVP aims to support the growth and development of SMEs in Hong Kong by helping them leverage technology to enhance their operations and competitiveness.

Application Method

Companies who are interested with using the Hong Kong Technology Voucher Programme (TVP) for funding needs to be familiar with the TVP Guidance Notes for Applications at TVP website:
https://bee.hkpc.org/en/funding-schemes/tvp/

The TVP guide document provides detailed information on the Hong Kong Technology Voucher Programme (TVP), including eligibility criteria, application procedures, project requirements, and funding arrangements. Eligibility criteria for SMEs to apply for the TVP, including registration requirements, business nature, and project scope are mentioned. Pay close attention to how to identify suitable service providers and select appropriate technology solutions.

There is a stringent application process for the TVP, which involves submitting a project proposal through the online TVP system and undergoing a vetting process by the ITF Secretariat of the Hong Kong Productivity Council. Preparing a project budget and timeline that is realistic would be essential, as well as the need to comply with the reporting and monitoring requirements of the TVP.

Your company will need to submit the TVP proposal through their online portal at:
https://tvp.itf.gov.hk/

HKPC also has a new https://tvp-eproq.hkpc.org/ website that can let you solicit quotations from vendors.

Importants tips for your TVP application

  • Pay attention to the number of vendors from which you need quotations:

    Total price less than HK$50,000:
    At least 2 suppliers or service providers

    Total price between HK$50,000 to less than HK$300,000:
    At least 3 suppliers or service providers

    Total price between HK$300,000 but does not exceed HK$1,400,000:
    At least 5 suppliers or service providers

  • All quotations must have these details of the suppliers or service providers:
    Company Name, Address, Telephone Number, E-mail address and quotation date

    Make sure all the quotations have the right currency stated especially if you quote from oversea vendors.

    The quotation should avoid using the abbreviated forms of the company name. Use the official company name registered at the company registry or business registrations.

  • Your suppliers or service providers will need to sign the Model Clauses in Probity and Non-Collusive Quotation/Tendering Certificate.

    It is your job to make sure they are signed and chopped by the company properly.

    You should properly named your project title during the "request for quotation" phase. Failure to do so will cause inconsistencies later at the application process.

  • All company name and address of the quotation and the Model Clauses in Probity and Non-Collusive Quotation/Tendering Certificate must match.

    If the company name between them are different, it will only delay or make it difficult to get your project approved. They also need to have proper titles.

  • According to the TVP Application Guide:

    the costs of off-the-shelf/readily available equipment/hardware/software/services or solutions should constitute no more than 50% of the project cost.

    Only the essential hardware that are crucial to the projects will actually be approved. Your chance at getting a PC computer or an iPad approved will likely not favorable according to their criteria.

  • The service providers and vendors do not need to "chop" the quotations
  • There is no need to ask the bidders for their business registration documents, unless it wins.
  • The service provider who gives the lowest price will be the winner, most of the time.
  • You will need to provide company operation proofs such as MPF details, employee counts and business registrations during the approval process.

Projects which are common for TVP approval

You can search the previous approved projects to gauge the amounts and scales that could apply to your business at:
https://www.itf.gov.hk/en/project-search/

Here are the common themes of projects getting approved.

ERP / CRM Systems

For streamlining your company operations.

POS Systems

For handling customer checkouts.

Learning Management Systems

For online learning and students management.

E-Shop

Shopping carts for processing orders on the Internet.

HR Systems

People management systems for calculating salaries and holidays.