TVP aims to subsidise local small and medium enterprises (SMEs) in using technological services and solutions to improve productivity, or upgrade or transform their business processes. The programme will be implemented on a pilot basis for an initial period of three years from November 2016 with HK$500 million from the Innovation and Technology Fund.
it is registered in Hong Kong under the Business Registration Ordinance (BRO) (Cap. 310);
it has at least one year of substantive business operation in Hong Kong which is related to the project under application at the time of application; and
it fulfills the Government’s definition of SMEs, i.e. manufacturing businesses employing fewer than 100 persons in Hong Kong; or non-manufacturing businesses employing fewer than 50 persons in Hong Kong.
What kind of projects will be funded by TVP?
TVP supports projects in the form of technological services and solutions which could improve productivity, or upgrade or transform the business processes of the applicant enterprise. A list of typical technological services and/or solutions covered by TVP is at Annex B of the Guidance Notes for Applications. Applicant enterprises are welcome to propose other technological services and solutions which could achieve the objectives of TVP. For funding support under TVP, prior approval must be obtained before project commencement.
How can I use the funds from TVP?
The approved funding from TVP can be used to cover the following:
Technology Consultancy – the applicant enterprise may engage a technology consultant to provide external consultancy for conducting the project under application. The consultant must be a local organization/research institution, or a company/organisation 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.
What is the funding amount?
Funding up to $200,000 for each eligible enterprise will be provided on a 2:1 matching basis. The applicant enterprise must contribute no less than one third of the total approved project cost in cash. Subject to the cumulative funding ceiling of $200,000, up to three projects from an enterprise may be approved. To ensure proper focus on project implementation, an enterprise is not allowed to undertake more than one TVP project at the same time. Expenditure items under an approved TVP project shall not receive funding support from other local public funding sources.
Is there any restriction on the project duration?
Each project should normally be completed within 12 months.
What is the vetting mechanism ?
Upon receipt of an application, ITC will check its eligibility and conduct a preliminary screening. ITC may also seek clarification or supplementary information from the applicant enterprise if necessary. Eligible applications will be considered by the TVP Committee while ineligible applications will be returned to the applicant enterprise. Applications supported by the Committee will be submitted to the Commissioner for Innovation and Technology (CIT) for approval of funding.
What are the vetting criteria ?
Each eligible application will be assessed based on individual merits and considered on a case-by-case basis. The assessment criteria include –
relevance of the proposed project to the applicant enterprise’s business– the project should have good prospects of enhancing its competitiveness through improving productivity, business development/expansion, cost reduction or efficiency enhancement, upgrading/improving/ transforming business processes.
reasonableness of the budget – assessment with reference to market prices of the technologies in question as known to the TVP Committee or ITC will be made. Individual items of expenditure must also be essential and directly related to the implementation of the project.
reasonableness of the implementation details – consideration may include whether concrete and quantifiable project deliverables and outcomes have been set. The implementation details should also be realistic taking into account factors such as the complexity of the technology and the project duration.
adverse record of consultants and/or service provider(s) as known to the TVP Committee and ITC if available.
An appointment scheduling and queue management system allows the customers to book and change appointments. The system sends customised notifications to the staff and the customers of confirmations, reminders and pending appointments. The system should have an interface to integrate with any existing Customer Relationship Management (CRM) systems. Its queue management may allow the customers to leave the store while waiting for service, thereby eliminating physical queues. The system may send SMS notifications to inform customers of their queue number, estimated waiting time and when their waiting time is over. It generates reports that track the efficiency of queue management.
AR is a live direct or indirect view of a physical, real-world environment whose elements are supplemented by computer-generated sensory inputs such as sound, video, graphics or GPS data. Information about the environment and its objects is overlaid on the real world, which allows users to manipulate them interactively. AR technology can enhance the current perception of reality and has a wide range of potential applications such as digital marketing, education and gaming.
Clinic management system automates day-to-day administration and management of tasks in clinics. It streamlines clinic management processes such as in-patient record management, appointment bookings, medical billing and payment and drug inventory management.
An electronic inventory management system automates inventory management processes, monitors stock availability and streamlines tracking of transaction data. The system generates inventory reports and sends notifications on stock movements and status. The system’s interface should allow integration with any existing accounting management and point-of-sales (POS) system.
An electronic procurement management system is an all-in-one procurement system that automates procurement processes for Business-to-Business buyers and suppliers. The system enables seamless electronic execution of supply delivery, ordering, goods receipt and invoice generation. The system may have an Application Programming Interface (API) that integrates with any existing accounting and inventory management system.
A fleet management system uses telematics and GPS tracking technology to provide the company a complete overview of its fleet’s real-time location and operating condition. The system allows companies to tailor the fleet journey, manage cost control, improve fleet utilisation and improve productivity.
A LBS is a software-level service that manipulates location data. It includes services to identify the location of a person or object, and it may be applied in social networking, entertainment, security etc. Many outdoor and indoor location systems are available, using GPS, GSM localisation, and local-range technologies such as Bluetooth low energy, Radio Frequency Identification (RFID), etc.
Logistics management is the part of supply chain management that plans, implements, and controls the efficient forwarding, reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption. Logistics management system often leverages RFID and other advanced IT technologies such as barcode and network communications, so as to enable seamless integration with the information requirements for the various parties involved in the supply chain. These systems can improve and optimise the operation and management of the supplier while supporting and improving regulatory supervision, and enhance customer service by allowing the tracking of goods and services involved.
A POS system may include and integrate basic functions, including product checkout, payment transaction, receipt issue, stock control or other higher-end functions such as customer database, inventory management, sales trend and profit analysis etc., through the use of customised hardware and software.
Quick Response (QR) is both a management paradigm and methodology that allows supply systems to react quickly to changes and improves their performance. It is particularly relevant to the Fast Moving Consumer Goods and Fashion industries. QR works by compressing the time between product or service design concept and arrival on the shelf. It takes advantage of recent technologies such as POS tracking and Electronic Data Interchange to constantly update estimates of true consumer demand, and then places intelligent re-orders for goods with their suppliers.
Real-Time manufacturing tracking system can provide effective information flow to achieve optimal production management among the involved enterprises. Employees and different manufacturing resources such as machines and materials are usually equipped with RFID devices to allow real-time data
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- A copy of the valid Business Registration Certificate of the applicant enterprise
- A copy of the valid Hong Kong Identity Card or passport of the person signing the application form for and on behalf of the applicant enterprise
- Copy of the documentary evidence proving that the applicant enterprise has at least one year of substantive business operations in Hong Kong
- such as employee records, tax returns, business contracts, invoices
- A certified copy of the Form:
- Business Registration Certificate of the applicant enterprise of the Business Registration Office or Annual Return of the Companies Registry (Form NAR1) of the applicant enterprise
- If applicable, copy of the valid Business Registration Certificate of the consultant engaged by the applicant enterprise
- Certified copies of the relevant quotations submitted by the bidders (showing detailed contact information of the issuing organisation). The applicant enterprise must specify clearly the goods/services involved in each of the quotations.
TVP supports projects in the form of technological services and solutions which could improve productivity, or upgrade or transform the business processes of the applicant enterprise.
A list of typical technological services and/or solutions covered by TVP:
(I) Productivity / Business Process
- Appointment scheduling and queue management system
- Augmented reality (AR) technologies system
- Big data and cloud-based analytics solution
- Building information modeling (BIM) system
- Clinic management system
- Cyber security solution
- Document management and mobile access system
- Electronic inventory management system
- Electronic procurement management system
- Enterprise resource planning (ERP) solution
- CRM system
- customers and membership analysis and management system
- human resources management system
- Fleet management system
- Location based services (LBS)
- Logistics management system
- POS system
- Quick response management (QRM) system
- Real-time manufacturing tracking system
- Solutions to facilitate compliance with manufacturing standards
(II) Testing and Certification
- Energy management system (ISO 50001)
- Environmental management system (ISO 14001)
- Information security management system (ISO/IEC 27001)
(III) Environmental Protection
- Energy management system
- Waste management technologies
- glass imploder
- automatic plastics sorting system
- 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.
- but 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.