Title: 2019 TVP enhance measurement, the funding ceiling will increase from $200,000 to $400,000
Date: 2019-03-01

Since 27 February 2019, the following enhancement measures have been implemented:
  • Converting the TVP into a regular funding programme under the Innovation and Technology Fund
  • Expanding the eligibility criteria to cover companies incorporated and registered in Hong Kong under the Companies Ordinance and statutory bodies set up in Hong Kong (except government subvented organisations and their subsidiaries)
  • Increasing the funding ceiling per applicant from $200,000 to $400,000
  • Increasing the maximum number of approved projects per entity from three to four
  • Expanding the list of typical technological services and solutions
  • Simplifying the application procedures by waiving the requirement to submit the quotation invitation documents and the requirement to certify the supporting documents for submission in applications
  • Waiving the requirement for obtaining prior approval from the Innovation and Technology Commission for early project completion and project extension for no more than six months
  • Software systems that require compilation/integration by service providers at the request of the applicants, even those involving standard modules with or without tailor-made features, will be regarded as customised items as long as they are not readily available “off-the-shelf”
For the details of TVP programme, please visit the official web site:
https://www.itf.gov.hk/l-eng/TVP.asp

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