The Innovation & Technology Commission announced today that the Technology Voucher Programme (TVP) will cease accepting applications after December 31.

The Innovation & Technology Fund (ITF), set up more than 20 years ago, has made significant contributions to innovation and technology development locally by nurturing research and development (R&D) talent and start-ups, delivering commercialised R&D results, and attracting significant private investment.

The TVP was launched under the ITF in November 2016 to subsidise local enterprises and organisations, on a matching basis, in adopting technological services and solutions.

It accepts applications from enterprises and organisations across all industries and does not pre-define the types of services and solutions that can be subsidised.

As of November 30 this year, 37,059 TVP applications – involving funding of about $6.6 billion – had been approved, helping enterprises to improve productivity and upgrade or transform their business processes.

Highlighting that the pogramme has achieved its objective, the Government said many bureaus and departments have introduced more targeted funding schemes dedicated to the specific conditions or operational needs of individual industries.

In view of this, the Government has decided to cease accepting new TVP applications.

Call 2789 7000 or email tvp-enquiry@hkpc.org for enquiries.