Local entities fulfilling the following requirements are eligible to apply for funding under the TVP:
(a) (i) Registered in Hong Kong under the Business Registration Ordinance (Cap. 310); or (a) (ii) Incorporated and registered in Hong Kong under the Companies Ordinance (Cap. 622); or (a) (iii) Established in Hong Kong by relevant ordinances as statutory bodies;
(b) Not a listed company in Hong Kong, and not a government-subvented organization* or subsidiary of any government-subvented organization*;
(c) With substantive business operation in Hong Kong which is related to the project under application at the time of application.
TVP Funding Application Procedure
Prepare necessary and relavant documents
Submit to Innovation and Technology Commission (ITC)
Kickstart your Project
Complete project and submit proof
Receive the subsidy
TVP Subsidy Amount
The subsidy will be provided in a 3:1 matching ratio, meaning that the government will subsidize 3 times the amount the company has paid for the project, thus the government will cover 75% of the total project cost. The maximum subsidy amount will be HK$600,000, and the subsidy is allowed to be split into different projects.
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