The Innovation & Technology Commission announced today the requirement for Technology Voucher Programme projects to obtain approval before commencement has been relaxed with immediate effect.

The aim is to facilitate the applicants' early adoption of the relevant technological services or solutions for improving business operation and enhancing competitiveness.

Under the new arrangement, applicants may choose to commence their projects while their applications are still under vetting and start their projects on the day following the submission of the application at the earliest.

Applicants are reminded that they will have to bear the full costs of their projects themselves if their applications are subsequently not approved.

Under the Innovation & Technology Fund, the programme aims to subsidise local enterprises and organisations to use technology to improve productivity or upgrade or transform their business processes.

Click here for details.

For enquiries, call 3523 1170 or email tvp‑enquiry@itc.gov.hk.