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FUNDING BACKGROUND

  1. TVP is a funding scheme under the Innovation and Technology Fund (ITF) that was
  2. launched in November 2016 applications until now.
  3. Since 27 February 2019, expanding the eligibility criteria to cover and converting the TVP
  4. into a regular funding programme under the Innovation and Technology Fund. 
  5. Increase Funding Ceiling per Applicant from $200,000 to $400,000.

ELIGIBILITY

  1. Non-listed enterprises registered in HK under Business
  2. Registration Ordinance; or
  3. Companies incorporated and registered in HK under the
  4. Companies Ordinance; or
  5. Statutory bodies set up in Hong Kong;
  6. Not a government subvented organisation or its subsidiary;
  7. With substantive business operation in HK at the time of application
  8. Listed enterprises NOT eligible, subsidiaries of listed enterprises eligible if they themselves not listed.
  9. Entities set up as different legal entities but having the same individual(s) holding ≥ 30% ownership in such entities will be treated as one single entity…

FUNDING SCOPE AND AMOUNT

  1. Customized equipment/hardware, software and technological services or solutions (essential part of project)
  2. Off-the-shelf/readily available equipment/ hardware, software and technological services or solutions (essential part of project; ≤ 50% of total project cost)
  3. Auditing fee (if approved funding > $50,000; maximum fee: $3,000)