Technology Voucher Program (TVP) was launched in November 2016. TVP is a funding scheme under the Innovation and Technology Fund (ITF) that aims to subsidize non-listed local entities in using technological services and solutions to improve productivity, or upgrade or transform their business processes.
TVP is a very popular and consistent funding scheme for the Innovation and Technology Fund with a funding cap of HK$600,000 per applicant. and The all non-listed local enterprises of all sizes instead of just SMEs, are eligible for it.
How to apply for the TVP, get intouch with us, our experienced team members will help you apply for this programme.Apply Now
Companies should be incorporated and registered in Hong Kong under the Companies Ordinance and statutory bodies set up in Hong Kong (except government subvented organizations and their subsidiaries).
Local entities (except listed enterprises) fulfilling the following requirements are eligible to apply for funding under the TVP:
We offers eligible SMEs and partners 5% sponsorship for the spending on Hvanatge services and products, or up to HKD $5,000, whichever is lower, in the form of Hvanatge Promotional Credits to new business customers*.
In case of total spending under HK $5,000, or of TVP application rejected by ITC, Hvanatge offers a fixed amount of HK $1,000 Hvanatge Promotional Credits on Hvanatge service and product utilization to new business customers.
*A new business customer is defined as a Hong Kong business entity with no active Hvanatge account by the time of application.
Applicants are welcome to propose other technological services and solutions which could achieve the objectives of TVP. Innovation and Technology Commission (ITC) shall consider the merits of such applications on a case-by-case basis.
Enterprise resource planning, powered by Hvantage, is a process used to manage and integrate the important parts of a business. ERP software applications are essential to companies as they help to implement resource planning by integrating all of the processes needed to run their companies with a single system. And can integrate planning, purchasing inventory, sales, marketing, finance, human resources, and more.
Customer relationship management (CRM) is the principles, practices, and guidelines followed by a business while interacting with its customers. At Hvantage, the entire relationship embraces the direct interactions with customers, such as sales and service-related processes, forecasting, and the analysis of customer trends and behaviors leading in serving to enhance the customer's overall experience.
Document Management System (DMS) refers to the use of a computer system and software to store, manage and track electronic documents and electronic images of paper-based information captured with the help of a document scanner. At Hvantage, organization stores through document management also managing and tracking its electronic documents.
Point of sale (POS) is a significant piece of a point of purchase, referring to the place where a customer can execute the payment of goods or services and where sales taxes may become payable. It can be in a physical store, where POS terminals and systems are used to process card payments or a virtual sales point such as a computer or mobile electronic device.
Data analytics refers to the science of analyzing raw data in order to make conclusions about that information. A lot of the techniques and processes relating to data analytics have been automated into mechanical processes and algorithms that work over raw data so that they can be consumed by humans. At Hvantage, the Data analytics techniques reveal the trends and metrics that would otherwise be lost in the mass of information. Further, this information is used to optimize processes and increase the overall efficiency of a business.
Augmented reality (AR) refers to the heightened version of the real physical world through the use of visual elements, sound or other sensory stimuli. It is a growing trend amongst the companies that are involved in mobile computing and business applications in particular.
Whereas Virtual reality (VR) is the computer-generated simulation in which a person can interact within an artificial three-dimensional environment using special electronic devices, such as special goggles with a screen or gloves fitted with sensors. Hvantage allows you to have integrated and 3D-front experience by providing easy access to machine learning, chatbots, code execution and more.
Artificial intelligence (AI) refers to the simulation of human intelligence in machines that are programmed to think like humans and mimic their actions. This phrase can also be applied to any machine which exhibits traits associated with a human mind such as learning and problem-solving. Whereas Machine learning refers to the concept wherein a computer program can learn and adapt to new data without interference of any human. Machine learning is a field of artificial intelligence (AI) that keeps a computer’s built-in algorithms current regardless of changes in the worldwide economy. Hvantage provides you with the broadest and deepest set of machine learning and AI services.
The approved funding from TVP can be used to cover the following:
The cut-throat competition in all industries requires continuous business expansion using state of the art technologies and needs better customer satisfaction. To achieve business growth in any market It is very important to know & understand how to use different government grants & subsidies to enhance company systems by automating your business processes & provide seamless integration of online and offline personalized customer/user experiences, and digital strategies for your business.
The use of technology to automate your business processes can increase the cost-effectiveness without the need to hire more manpower to run your business effectively. Our technology solutions can be scaled at any time while ensuring your system data security and you can focus more on innovation and business development.
Via this document, you can learn about the benefits of technology services, various government-sponsored success stories, and experience new smart businesses evolved using technologies such as Machine Learning, Artificial Intelligence, etc.Apply Now Learn More
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. A list of typical technological services and/or solutions covered by TVP. Here are the list of areas which are approved by TVP
All you need to do is tell us your business needs and we will work out a detailed proposal for your project to continue with the execution once your subsidy has been granted by the TVP committee.
With our robust cloud services and experience with millions of customers, Hvanatge helps you become more agile, innovative and efficient.