TVP vs ReTAAS vs BUD vs EMF

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Comparison of Technology Funds provided by HKSAR Government for Hong Kong SMEs are listed below:

  • TVP (Technology Voucher Programme);
  • BUD ( Dedicated Fund on Branding, Upgrading and Domestic Sales);
  • ReTAAS (Retail Technology Adoption Assistance Scheme for Manpower Demand Management); and
  • EMF (SME Export Marketing Fund);

Take a quick look to understand what you can get from these funds and how to apply.

Want to know how we can assist you to develop your software or apps with these funds? Contact Us

Technology Voucher Programme (TVP)

Industry: All

To subsidise non-listed enterprises on the use of technological services and solutions to improve productivity, or upgrade or transform their business processes.

Funding

  • 2:1 matching basis
  • Cumulative funding ceiling per enterprise: HKD400,000
  • Maximum no. of approved projects: 4 projects
  • Contribute no less than 1/3 of the total approved project cost in cash.
  • Funds will be received after project completion

Eligible Applicant

  • Must fulfil any of the following:
    • registered in Hong Kong under the Business Registration Ordinance (Cap. 310)
    • incorporated and registered in Hong Kong under the Companies Ordinance (Cap. 622)
    • established in Hong Kong by relevant ordinances as statutory bodies
  • Having substantive business operation in Hong Kong which is related to the project under application at the time of application
  • Non-listed enterprises of all sizes
  • Not a government subvented organisation or its subsidiaries

Application

Process
  1. Request for Quotation
  2. Application submission
  3. Application vetting
  4. Project Completion (within 12 months)
  5. Required documents should be submitted to receive funding (within 2 months after project completion)
  6. Funding disbursement
Method
  • Submit applications through the TVP dedicated website *Must obtain approval before the project begins
Timeline
  • Prior to the start of the project
  • All Year round

Examples of eligible projects

SCOPE:
  • Productivity / Business Process
  • Testing and Certification
  • Environmental Protection
SOLUTION TYPE:
  • Appointment scheduling and queue management system
  • Augmented reality (AR) technologies system
  • Big data and cloud-based analytics solution
  • Building information modeling (BIM) system
  • Computer Aided Design (CAD)
  • 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
  • Fleet management system
  • Intelligent Robot (Industrial Robot and Service Robot) Applications
  • Location based services (LBS)
  • Logistics management system
  • POS system
  • Product Management System
  • Quick response management (QRM) system
  • Real-time manufacturing tracking system
  • School Management System
  • Solutions to facilitate compliance with manufacturing standards

Retail Technology Adoption Assistance Scheme for Manpower Demand Management (ReTAAS)

Industry: Retail

To subsidise retail enterprises on the use of relevant technologies to manage manpower demand and enhance productivity and working conditions of workers.

Funding

  • 1:1 matching basis
  • Cumulative funding ceiling per enterprise: HKD50,000
  • Individual project funding ceiling: 50% of the total approved cost of a project or HKD50,000, whichever is lower
  • Maximum no. of approved projects: 2 projects
  • Contribute no less than 50% of the total approved project cost in cash.
  • Funds will be received after project completion

Eligible Applicant

  • Registered in Hong Kong under the Business Registration Ordinance (Cap.310)
  • Having substantive retail business operation in Hong Kong
  • Non-listed enterprises
  • Related enterprises would be treated as one single enterprise with a cumulative funding ceiling of HKD50,000 if
    • ≥30% of the ownership of the each enterprise is held by the same individual(s)

Application

Process
  1. Application Submission
  2. Application Vetting (within 50 – 90 clear working days)
  3. Submission of Quotations (within 1 month upon notification of vetting results)
  4. Approved Project Commencement
  5. Project Completion (within 6 months)
  6. Completion Report & Audited Account Submission
  7. Funding disbursement
Method
  • Submit application to the ReTAAS Secretariat by post or electronically
Timeline
  • Prior to the start of the project
  • All year round

Examples of eligible projects

Solution Type:
  • POS
  • Website
  • Mobile App
  • Product Kiosk
  • RFID
  • Security and Surveillance System
  • e-shop
  • eNewsletter
Technology Applied:
  • Server
  • Wifi network

*Project that will receive or has already received government funding, will not be funded

Dedicated Fund on Branding, Upgrading and Domestic Sales (Mainland Programme)

Industry: All

To assist Hong Kong enterprises in developing the Mainland China market

Funding

  • 1:1 matching basis
  • Cumulative funding ceiling per enterprise: $1 million
  • *maximum limit for each audit is $10,000 is counted
  • Individual project funding ceiling: $1 million
  • Maximum no. of approved projects: 10 projects
  • Contribute no less than 50% of the total approved project cost in cash.
  • Funds will be received after project completion
  • The funds that will be received depends on project duration
Initial payment required
18 months or below ✔ initial payment (25%) ✔ final payment (after project completion)
18 months and < 24 months
✔ initial payment (25%) ✔ mid-term payment (up to 25%) ✔ final payment (after project completion *With a separate interest-bearing bank account under the applicant’s name Initial Payment Not Required
18 months or below ✔ final payment (after project completion)
>18 months and < 24 months
✔ mid-term payment (up to 50%) ✔ final payment (after project completion

Eligible applicant

  • Registered in Hong Kong under the Business Registration Ordinance (Cap.310)
  • Having substantive business operation in Hong Kong
  • Non-listed enterprises of all sizes
  • Related enterprises would be treated as one single enterprise with a cumulative funding ceiling of $1,000,000 if – ≥30% of the ownership of the each enterprise is held by the same individual(s), and – the related enterprises have the same business nature

Application

Process
  1. Application Submission – Type (i) Project Application, or – Type (ii) Project Application
  2. Application Vetting
  3. Approved Project Commencement
  4. Progress Report & Annual Audited Account Submission (if applicable)
  5. Project Completion (within 24 months)
  6. Final Report & Final Audited Account Submission
*funding disbursement depends on project duration
Method
  • Submit application to the Programme Secretariat in person, by post or electronically
    *Initial payment required: Project must begins after the signing of the funding agreement and approval *Initial payment not required: Project may begins after application submission
Timeline
  • Prior to the start of the project
  • All year round on a quarterly basis

Examples of Eligible Projects

Scope:
  • Branding
  • Upgrading and Restructuring
  • Domestic Sales
Solution Type:
  • Mobile app (for promotional purposes)
  • Setting up or enhancement of corporate website
  • Keyword-Based Advertising
  • E-commerce platform

Dedicated Fund on Branding, Upgrading and Domestic Sales (ASEAN Programme)

Industry: All

To assist Hong Kong enterprises in developing the ASEAN market

Funding

  • 1:1 matching basis
  • Cumulative funding ceiling per enterprise: HKD1 million
  • *maximum limit for each audit is HKD10,000 is counted
  • Individual project funding ceiling: HKD1 million
  • Maximum no. of approved projects: 10 projects
  • Contribute no less than 50% of the total approved project cost in cash.
  • Funds will be received after project completion
  • The funds that will be received depends on project duration

Initial payment required

18 months or below
✔ initial payment (25%)
✔ final payment (after project completion)

18 months and < 24 months

✔ initial payment (25%)
✔ mid-term payment (up to 25%)
✔ final payment (after project completion

*With a separate interest-bearing bank account under the applicant’s name

 

Initial Payment Not Required

18 months or below
✔ final payment (after project completion)

>18 months and < 24 months

✔ mid-term payment (up to 50%)
✔ final payment (after project completion

Eligible Applicant

  • Registered in Hong Kong under the Business Registration Ordinance (Cap.310)
  • Having substantive business operation in Hong Kong
  • Non-listed enterprises of all sizes
  • Related enterprises would be treated as one single enterprise with a cumulative funding ceiling of HKD1,000,000 if
    – ≥30% of the ownership of the each enterprise is held by the same individual(s), and
    – the related enterprises have the same business nature

Application

process
  1. Application Submission
    – Type (i) Project Application, or
    – Type (ii) Project Application
  2. Application Vetting
  3. Approved Project Commencement
  4. Progress Report & Annual Audited Account Submission (if applicable)
  5. Project Completion (within 24 months)
  6. Final Report & Final Audited Account Submission

*funding disbursement depends on project duration

Method

Submit application to the Programme Secretariat in person, by post or electronically

*Initial payment required: Project must begins after the signing of the funding agreement and approval

*Initial payment not required: Project may begins after application submission

Timeline
  • Prior to the start of the project
  • All year round on a quarterly basis

Examples of Eligible Projects

Scope:
  • Branding
  • Upgrading and Restructuring
  • Domestic Sales
Solution Type:
  • Mobile app (for promotional purposes)
  • Setting up or enhancement of corporate website
  • Keyword-Based Advertising
  • E-commerce platform

SME Export Marketing Fund (EMF)

Industry: All

To support SMEs to expand overseas markets by subsidising them to participate in export promotion activities

Funding

  • Cumulative funding ceiling per enterprise: HKD400,000
  • Individual project funding ceiling: 50% of the total approved expenditure associated with one export promotion activity incurred by the applicant enterprise or HKD100,000, whichever is lower.
  • Funds will be received after project completion

Eligible applicant

  • Registered in Hong Kong under the Business Registration Ordinance (Cap.310)
  • Having substantive operation in Hong Kong at the time of applying EMF
  • Fulfils the Government’s definition of SMEs:
    – Manufacturing business employing < 100 persons in Hong Kong
    – Non-manufacturing business employing < 50 persons in Hong Kong
  • The accumulated amount of EMF grants previously received by the applicant enterprise < current cumulative grant ceiling.
  • The sum of the cumulative amount of grants received by the connected enterprises, i.e. applicant enterprises with similar business registration information (e.g. commercial nature, address, contact number, shareholder/directorship) < the cumulative grant ceiling.
  • Must not be the organiser/co-organiser/service provider or the enterprise associated with organiser/co-organisers/service providers of the applied export promotion activity

Application

Process
  1. Application Submission
  2. Application Vetting (within 30 clear working days from the date of receipt of duly filled application form with all necessary documents attached)
  3. Funding disbursement
Method

Submit application to TID’s “SME Export Marketing Fund Section” by post or in person

Timeline

Apply within 60 calendar days of the export promotion activity completion date

Examples of Eligible Projects

  1. Export promotion activities outside Hong Kong
  2. Export promotion activities mainly target at overseas markets:
    • Being conducted through electronic platforms/media (e.g. keyword search, setting up or enhancing online shop)
    • Setting up or enhancement of a corporate website/mobile application

Contact Us

+852 34011211

Address Room 1806-1809, CRE Centre, 889 Cheung Sha Wan Road, Lai Chi Kok, Kowloon, Hong Kong

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