TVP

An applicant enterprise is required to have substantive business operation in Hong Kong at the time of application instead of for a year; and TVP is eligible to non-listed enterprises of all sizes instead of just for small and medium enterprises. Since 27 February 2019, the following enhancement measures have been implemented:

  • Converting the TVP into a regular funding programme under the Innovation and Technology Fund;

  • Expanding the eligibility criteria to cover companies incorporated and registered in Hong Kong under the Companies Ordinance and statutory bodies set up in Hong Kong (except government subvented organisations and their subsidiaries);

  • Increasing the funding ceiling per applicant from $200,000 to $400,000;

  • increasing the maximum number of approved projects per entity from three to four;