Since 1 April 2020, the Government funding ratio in each approved project has been raised from two-thirds to three-quarters. The funding ceiling per applicant has been increased from $400,000 to $600,000 and the maximum number of approved projects has also been increased from four to six.

Who are eligible to apply?

• Local entities (except listed enterprises) 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 government subvented organisation* or subsidiary of any government subvented organisation*;
  AND
  (c) With substantive business operation in Hong Kong which is related to the project under application at the time of application.
  

The TVP approved funding can be used to cover the following:

• Technology Consultancy: the applicant may engage a technology consultant to provide external consultancy for conducting the project under application. The consultant must be a local university or research institution, or a company registered in Hong Kong under the BRO.
  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. In general, the costs of such equipment/ hardware/ software/ services or solutions should 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 will not be funded under 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 government subvented organisation* or subsidiary of any government subvented organisation*;
  AND
  (c) With substantive business operation in Hong Kong which is related to the project under application at the time of application.

  Required document for TVP application:

  • Business registration certificate
  • Form NAR1 of the Company Registry
  • Substantive business operation proof
  • Invoices
  • Identity document of signing person
  • Probity and non-collusion of quotation/tender certificate
  • Application form

• CMIC hotline

  (852) 6184 1620

• CMIC whatsapp

  (852) 6295 7520

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