HONG KONG
SAR – Media OutReach – 3 February
2021 – The “Technology Voucher Scheme” of the Innovation and Technology
Commission is the most popular government subsidy scheme for businesses in Hong Kong. In order to
facilitate applicants to adopt relevant technology services or solutions as
soon as possible, the Innovation and Technology Commission will relax the
requirement that applicants for “Technology Vouchers” must obtain approval from the
Commission before starting projects from June 1, 2020. All applicants can start
the project as early as the day after submitting the application and expect to
use information technology solutions such as online business as soon as
possible to find the latest way out in the epidemic. The Innovation and
Technology Commission has included technology voucher as the next regular funding scheme of the
Innovation and Technology Fund. The funding limit for each applicant is 600,000
yuan, and a maximum of six projects can be approved, and each project should
generally be completed within 12 months.

Co-Wealth knows that SMEs often encounter a lot of financial
difficulties when they develop rapidly, and it has always been the purpose of
Co-Wealth to assist SMEs to achieve their goals and find a successful business
path. In view of this, Co-Wealth will launch a free application consultation
service for businesses and provide customized solutions that meet the
eligibility criteria at a reasonable price, so that SMEs can better understand
the details of the funding program and be able to The funding is used in retail
and online stores.

For companies eligible to apply for
technology voucher, they must
meet the following requirements:

1. The company
   must be incorporated in Hong Kong in accordance with the Business Registration
   Ordinance (BRO) or the Companies Ordinance or relevant regulations of statutory
   bodies.
2. The company must not
   be a government-affiliated organization or a subsidiary of any
   government-affiliated organization. Government branches are companies that
   often receive subsidies from the government.
3. The company must
   carry out substantive business in Hong Kong. During the technology voucher
   application period, the substantive business operations must be one or
   more projects. Companies registered as a shell company are not eligible.
4. The company must be
   an unlisted company.

 

Before applying, you need to prepare the following documents listed in
the Technology Voucher Application Guidelines: Only a Hong Kong company in actual operation
can apply (regardless of whether it is a limited company or an unlimited
company). The actual operation certificate should be attached when submitting
the application: including the receipt of the last three months, Invoices and
MPF contribution records, company business registration, equity certificates,
etc. Due to the impact of the epidemic, the Innovation and Technology
Department will be significantly slower in processing applications in 2020, so
while waiting for approval, it will also collect actual operating documents
every month; if the business registration and other documents are due to be
updated during the waiting period, they must also be prepared to update
version. The Innovation and Technology Administration will require the
applicant companies to submit the latest documents when the approval is close
to success, so that they can quickly respond to prescription requests if they
are prepared in advance. The Innovation and Technology Commission will notify
the applicant of the assessment result in writing.

 

Under the TVP technology
voucher program, as long as
companies use technology services and solutions for upgrading and
transformation, they can apply for SME funding, and the
government will bear 3/4 of the expenditure for the technology
voucher project (that is, enterprises only have to bear 1/4 of the project
cost), the maximum amount of funding is HK$600,000. However, from technology voucher application to project management, if the company does not have an accurate
understanding, it will have to bear the risk that the application is difficult
to be approved or the project is difficult to end.

To quickly realize the upgrade dream, Co-Wealth Technology
Voucher Consultants can do the
work for SMEs. The company gathers funding consultants and technology
professionals, from technology
voucher funding applications, technology supplier network support to technology
voucher project management, professional advice, allowing SMEs to control the
complex application procedures and technology expertise and take the lead.
Co-Wealth has a wealth of experience as consultants for government-funded
projects, grasps the latest information on various funding support for SMEs, and formulates a number of best funding applications to maximize
funding and funds are available soon. However, it is worth noting that the
funding will be divided into two phases. Successful applicants can apply for
the first phase of funding. After verifying the relevant documents, the
Innovation and Technology Commission will issue the first phase of funding not
exceeding 25% of the approved funding amount for the project. 75% of the final
grant will be issued to applicants after the project is completed and the final
project report is accepted. In addition, if the project is successfully funded
by the Technology
Voucher Scheme, the
expenditure under the project cannot accept funding from other local public
funding sources.

Finally, Co-Wealth partners are: 1. In
addition to providing customers with online store opening services, i-Maker also has other different
professional services, such as technology voucher, technology voucher program, technology voucher provider, and ReTASS retail industry subsidy program, BUD Special Fund, SME Marketing Fund (EMF) and Business Partner Program and other government funding, technology voucher consultants can help customers establish online
business, SME funding, apply for government funding, and explain the technology voucher application process and technology voucher common problem. i-Maker is also a professional website design and web design company, web page production, SEO search engine optimization, SEO company, digital marketing, online advertising, APP development, APP writing, APP production, APP writing company, IT services, WhatsApp automation software, Chat messages, Google map optimization, my business optimization, company opening, company registration (opening limited company, establishing limited company, opening unlimited company, unlimited company registration), virtual office (virtual office service), opening company account (business account)etc. 2. Flint Ideas Design Printing limited uniform company can also help customers provide printed shirts, printed tee, team shirts, windbreakers, custom-made windbreakers, custom-made uniforms, Polo shirts, custom-made Polo shirts, sweaters, custom-made sweaters, Pullovers, hooded sweaters, zippered sweaters, zippered pullovers, baseball jackets, cardigans, nurse uniforms, aprons, caps, custom-made hats, sportswear, sweatshirts, jerseys, sublimation jerseys, canvas bags, gifts, souvenirs, advertising cups, water bottles, trophies, crystal trophies, custom-made trophies, lanyards, pennants, commemorative flags, etc. There is also a windbreaker specialty store, which designs windbreaker jackets, windbreaker uniforms, 2-in-1 windbreakers, 3-in-1 windbreakers, sports jackets, sublimation windbreakers, baseball jackets (custom-made baseball jackets), down jackets, reflective jackets and other tailor-made windbreaker services.

3. Carol Interior Design and decoration company can also help customers provide decoration design, interior design, interior decoration, home decoration, home design, decoration engineering, commercial decoration, office cleaning/office cleaning, pest control services, removal of formaldehyde, atomization and disinfection , Demolition of unauthorized construction and minor projects etc., to create different home design styles such as Japanese style, simple style, Nordic style, industrial style, mix and match style, country style, classic style, American style, which are also used in dining room design, living room Design, bedroom design, bathroom design, study design, room design, kitchen design, toilet maintenance and children’s room design, to give customers a satisfactory home. 4.
Dr Pest control and pest control company has a professional pest control team that is committed to providing
customers with different pest control services. The purpose is to ensure that the environment in which
customers live or work is properly protected. Many pest control services include major industrial and commercial
institutions, Government departments, restaurants, manufacturers and
residences. The Dr Pest control Co’s pest control service team has received professional training and
is familiar with the characteristics of pests, so that they can play the effect
of pest control. They have many years of practical work
experience and professional knowledge in pest control. Maintaining good service
quality is an important cornerstone of the pest control company. Pest control services include mosquito control, ant control, cockroach control, rat control, termite control, and bed bug control. In addition, formaldehyde removal service, nano-natural disinfection service (atomization disinfection company) and post-renovation cleaning (cleaning company) are also provided. 5. The interior design of Daiku Design has designed many decoration design plans for customers, cooperating with home decoration, shop decoration, office decoration, custom-made furniture, furniture design and other indoor decoration projects to create a comfortable working and
living environment. In addition, it will also undertake minor works such as the demolition of unauthorized structures.

The professional business
consultant/corporate consultant team of Co-Wealth Management Consultant Limited
has more than 5 years of experience in applying for government
subsidy schemes. It provides
professional consultation services for SMEs in Hong Kong to apply for government
subsidy schemes. The technology
voucher advisory service
covers different types of government
subsidy schemes. As of
mid-2019, Co-Wealth has assisted more than 300 Hong Kong large, small and
medium enterprises and organizations to apply for various government funding
funds to help them make good use of government resources and enhance the
company’s market competitiveness. In addition to this service, the independent
financial advisors of Co-Wealth Financial
Consultants also provide
other services such as insurance, medical
insurance, group
medical treatment, labour
insurance, employer
opening MPF accounts and company
opening MPF accounts, and there
are also IT
services such as web
design, website
production, whole APP, APP
production and other
diversified services.