Other Government Funding Programme
Technology Voucher Programme (TVP)
Background
TVP aims to subsidise Hong Kong companies in using technological services and solutions to improve productivity, or upgrade or transform their business processes.
Funding Amount
- HK$600,000 per company
- 1:3 matching fund
- 25% initial payment upon approval
Documents Required
1. BR - paid and most updated
2. NAR1 (for limited company) / Form 1a (for unlimited company) - paid and most updated
3. HKID - all shareholders with > 30% shareholding and application writer from company
4. Invoice/Receipt within 2 months with BR name - provide 5
5. Audit report (latest) - optional, but best to have
6. Request For Quotation and Probity and Non-collusive document (see
template)
Funding Scope Examples
- Remote document management & cloud storage systems
- Customer relationship management (CRM) systems
- Event management systems
- Financial management systems
- Virtual meeting tools
- Team management tools
- Website upgrade
Application Period
Ongoing
Reference
https://www.itf.gov.hk/l-eng/TVP.asp
SME Export Marketing Fund (EMF)
Background
The SME Export Marketing Fund (EMF) aims to encourage small and medium enterprises (SMEs) to expand their markets outside Hong Kong by providing financial assistance to SMEs for participation in export promotion activities.
Funding Amount
- HK$800,000 per company
- 1:1 matching fund
Documents Required
1. BR - paid and most update
2. NAR1 (for limited company) / Form 1a (for unlimited company) - paid and most update
3. HKID of applicant
4. Invoice/Receipt within 2 months with BR name - have 5
5. Quotation of vendors (selected and not selected)
6. Audit report (latest) - optional, but best to have
7. Application (https://www.smefund.tid.gov.hk/english/emf/files/Appn_EMF.pdf)
8. EMF Funding agreement (https://www.smefund.tid.gov.hk/english/emf/files/Sample_of_Funding_Agreement.pdf)
9. Declaration of more than 1 branch (if any) (https://www.smefund.tid.gov.hk/english/emf/files/Funding_Agreement.pdf)
10. Contract with selected vendor
11. Bank statement of payment transfer to vendor
12. Invoice/receipt paid to vendor
13. Website hosting and domain registration provided by the service provider - sent email to double check this point
14. UAT acceptance sign-off
15. Before (if any) and after screenshots (with date of printing, company name, Hong Kong contract information, product/services provided)
Funding Scope Examples
- Setting up or enhancement of corprorate website or mobile application
- Trade exhibitions outside of Hong Kong
- Delegation tours outside of Hong Kong
- Local trade fairs/exhibitions which mainly target at markets outside Hong Kong
- Export promotion activities (such as placing advertisements, keyword search, listing product information, setting up or enhancing online shop, participating in virtual exhibitions, etc.)
Application Period
Ongoing
Reference
https://www.smefund.tid.gov.hk/english/emf/emf_objective.html
Retail Technology Adoption Assistance Scheme (ReTAAS)
Background
ReTAAS aims to provide funding support for retail enterprises to adopt technologies for manpower demand management purposes and help to enhance productivity.
Funding Amount
- HK$50,000 per company
- 1:1 matching fund
- Max 2 projects per company
Documents Required
1. BR - paid and most update
2. NAR1 (for limited company) / Form 1a (for unlimited company) - paid and most update
3. HKID of applicant
4. Invoice/Receipt within 2 months with BR name - have 5
5. Quotation of vendors (selected and not selected)
6. Audit or management report (latest) - optional, but best to have
7. MPF or agreement/payslip with freelancers
8. Application (https://www.retaas.hkpc.org/en/download/application-form_en_v7.docx)
9. Quotations from IT service provider
Funding Scope Examples
- Online shop
- Point-Of-Sale (POS) system
- Chatbot
- Customer Relationship Management (CRM) system
- Inventory management system
Application Period
Ongoing
Reference
https://www.retaas.hkpc.org/en/
Branding, Upgrading and Domestic Sales Fund (BUD)
Background
BUD aims to help Hong Kong
non-listed companies capture the opportunities arising from the National 12th Five-Year Plan, the Hong Kong Special Administrative Region Government set up a “Dedicated Fund on Branding, Upgrading and Domestics Sales” (the BUD Fund) of $1 billion in June 2012, which has also been extended to ASEAN and Mainland China markets.
Funding Amount
- HK$2,000,000 per company
- 1:1 matching fund
Funding Scope Examples
- Branding: Brand Strategy, Brand Building, Positioning and identity, Brand Equity Research, Brand Promotion, and etc.
- Upgrading & Restructuring: New Product Design, Adoption of Advanced Technology, Management and Logistics System Upgrading, Manufacturing Automation, and etc.
- Promoting Sales: Marketing Strategy and Research, Sales Strategic Planning, Sales Channel Establishment and Management, Advertisements, Promotion of Product(s)/Service(s) and etc
Application Period
Ongoing
Reference
BUD for ASEAN: http://asean.timwork.co/en
BUD for China: http://mainland.timwork.co/en
