#technological services

Technology Voucher Program is a program launched by the Hong Kong government. It aims to support local enterprises/organizations in using technological services and solutions to improve productivity or upgrade or transform their business processes.

 This program supports projects in the form of technological services and solutions to boost their productivity. All the applicants can propose other technological services and solutions, which could achieve the objectives of the Technology Voucher Program. 

So, how much fund will be provided in the Technology Voucher Program?

The amount of funding provided may vary as per the applicant’s project. The funding may vary as per the project. Moreover, the applicants of the Technology Voucher Program have to make sure that all procurement for goods and services are carried out in an open, fair, and competitive manner. The applicants should adhere to the following procedures:

If the aggregate value does not exceed HK$50,000, the applicants have to submit written price quotations from at least two suppliers or service providers. 

If the aggregate value exceeds HK$50,000 but does not exceed HK$300,000, the applicants have to submit written price quotations from at least three suppliers or service providers.

If the aggregate value exceeds HK$300,000 but does not exceed HK$1,400,000, the applicants have to submit written price quotations from at least five suppliers or service providers.

If the aggregate value is more than HK$1,400,000, the applicants shall follow an open procurement process.

TVP Funding is a program launched by the Hong Kong government in November 2016. It was launched with the goal to increase productivity with better tech support and solutions.

The eligible applicants should make sure that they are providing all the details to carry out an open and fair competition with other applicants and get fair chances for appointing the reasonably qualified suppliers or service providers.

The applicants should adhere to the following procurement procedures:

For every procurement of equipment or other goods or services for the completion of the project, the aggregate value of which does not exceed HK$50,000, the applicant itself must provide the written price quotation from at least two suppliers or service providers. 

For every procurement of equipment or other goods or services for the completion of the project, the aggregate value of which exceeds HK$50,000 but does not exceed HK$300,000, the applicant itself must provide the written price quotation from at least three suppliers or service providers. 

For every procurement of equipment or other goods or services for the completion of the project, the aggregate value of which exceeds HK$300,000 but which does not exceed HK$1,400,000, the applicant itself must provide the written price quotation from at least five suppliers or service providers. 

For every procurement of equipment or other goods or services for the completion of the project, the aggregate value of which does not exceed HK$1,400,000, the applicant will follow an open procurement process. 

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