The Innovation and Technology Commission (ITC) officially ceased accepting new applications for the Technology Voucher Programme (TVP) on December 31, 2024. This page serves as an informational reference for approved legacy project execution, audit compliance, and transition pathways to the active BUD Fund (HK$7M).
1. Historical TVP Key Framework Parameters
| Parameter | Historical Standard & Execution Guidelines |
|---|---|
| 1. Funding Ceiling | Up to HK$ 600,000 cumulative (Maximum 6 projects per enterprise) |
| 2. Matching Ratio | 3:1 Matching Basis (Government subsidized 75%, enterprise contributed 25% in cash) |
| 3. Current Operational Status | Closed to new submissions (Active projects executing milestones) |
| 4. Approved Scope | Cross-border ERP systems, customer management CRM, cybersecurity, and digital automation tools |
| 5. Audit Requirement | Mandatory final project audit by a Hong Kong Certified Public Accountant (CPA) for projects exceeding HK$50,000 in grant value |
2. Recommended Active Alternative: HKSAR BUD Fund
For manufacturers and cross-border merchants seeking funding for Alibaba.com onboarding, Accio Work AI commercial teams, digital search marketing, and global branding, the BUD Fund (Dedicated Fund on Branding, Upgrading and Developing Markets) remains actively open with enhanced parameters:
- Up to HK$ 7,000,000 Cumulative Grant: Subsidizing Alibaba.com Gold Supplier / Verified Supplier store fees, digital keyword advertising, and independent website creation;
- 「E-commerce Easy」(电商易): Fast-track channel with up to HK$ 800,000 dedicated to e-commerce projects;
- 「Easy BUD」(简易申请): Streamlined approvals with up to HK$ 150,000 per project.
3. Frequently Asked Questions (FAQ)
❓ Is the TVP Technology Voucher still accepting new applications?
No. The Innovation and Technology Commission (ITC) officially ceased accepting new TVP applications on December 31, 2024. The Secretariat is currently processing existing approved and pipeline projects.
❓ What are the compliance rules for executing legacy approved TVP projects?
Enterprises with active approved TVP projects must strictly adhere to the 3-quotation procurement rules, ensure transparent disbursement from designated project bank accounts, and complete statutory independent CPA audits upon project completion to claim disbursements.
❓ Which funding scheme replaces TVP for cross-border ERP and digital store setups?
Enterprises looking to subsidize Alibaba.com digital storefronts, digital marketing, standalone export websites, and cross-border management systems can apply for the HKSAR BUD Fund (Dedicated Fund on Branding, Upgrading and Developing Markets, up to HK$7,000,000 cumulative ceiling).
