How the Technology Voucher Programme (TVP) Can Benefit Your Business
As a TVP vendor, Codeble understand how important it is for businesses to adopt technology solutions and services to improve productivity, enhance competitiveness, and upgrade or transform their business processes. That's why we're excited to share information about the Technology Voucher Programme (TVP), a valuable resource for businesses in Hong Kong looking to fund their technology projects. What is the Technology Voucher Programme? The TVP is a funding programme established by the Hong Kong government to support businesses in adopting technology solutions and services. The programme provides funding of up to HKD 600,000 per business to cover up to 75% of the approved project cost. Businesses are required to contribute at least 25% of the approved project cost in cash.
To be eligible for the TVP, businesses must meet the following criteria:
- Registered in Hong Kong
- Not a government subvented organization or subsidiary of one
- Not a listed company in Hong Kong
Benefits of the TVP:
The TVP provides numerous benefits for businesses, including:
- Funding Support: The TVP provides funding support for businesses to adopt technology solutions and services, making it easier for businesses to access the latest technology and stay competitive.
- Increased Productivity: Technology solutions and services funded by the TVP can help businesses streamline their operations, automate tasks, and improve overall productivity.
- Enhanced Competitiveness: By adopting technology solutions and services, businesses can enhance their competitiveness by providing better products and services, improving customer experiences, and increasing efficiency.
- Business Transformation: The TVP can help businesses transform their operations by adopting new technology and business models, enabling them to enter new markets, reach new customers, and achieve long-term growth.
Examples of technology solutions that are eligible for TVP funding:
- E-commerce solutions: TVP funding can be used to develop or upgrade e-commerce platforms that enable businesses to sell their products or services online.
- Customer relationship management (CRM) systems: TVP funding can be used to implement CRM systems that help businesses manage their customer interactions and improve customer satisfaction.
- Cloud services and solutions: TVP funding can be used to migrate business operations to cloud-based services and solutions, which can improve data security, accessibility, and scalability.
- Mobile apps and solutions: TVP funding can be used to develop or upgrade mobile apps that enable businesses to connect with customers, manage operations, and improve productivity.
- Cybersecurity solutions: TVP funding can be used to implement cybersecurity solutions such as firewalls, anti-virus software, and intrusion detection systems, which can protect businesses against cyber threats.
- Big data analytics solutions: TVP funding can be used to implement big data analytics solutions that can help businesses analyze large amounts of data and gain insights into customer behavior, market trends, and business performance.
- Internet of Things (IoT) solutions: TVP funding can be used to implement IoT solutions that enable businesses to monitor and control devices and equipment, improve product quality, and reduce costs.
- Artificial intelligence (AI) and machine learning solutions: TVP funding can be used to implement AI and machine learning solutions that enable businesses to automate tasks, improve decision-making, and enhance customer experiences.
To apply for the TVP, businesses must follow these steps:
- Choose a qualified TVP consultant or vendor to provide a proposal and quotation for the proposed technology solution or service.
- Submit an application online through the TVP website or by mail to the Innovation and Technology Commission (ITC).
- The ITC will review the application and notify the applicant of the result within 3-4 months.
- If approved, the applicant must sign a funding agreement with the ITC.
The Technology Voucher Programme is an excellent opportunity for businesses in Hong Kong to access funding for technology solutions and services. As a TVP vendor, we're committed to helping businesses navigate the application process and find the best technology solutions and services to meet their needs. Contact us today to learn more about how the TVP can benefit your business.