All major parties require additional funding for technology voucher
The budget will be published on February 26, 2020. In the face of social events in 2019 and the 2020 pneumonia epidemic, Hong Kong’s economy has entered a cold winter, and various industries have been significantly affected. Some of them, such as retail and catering, have seen zero income. All walks of life have certain expectations for the relief measures in this Budget, such as distributing money to the public or spending expenses, etc. The business sector also expects strong funding and taxation support.
As a member of corporate services, the technology industry is also facing unprecedented difficulties. Therefore, representatives of the technology industry from major parties have asked for increased support for the industry, including raising the technology voucher subsidy ceiling to 600,000, giving priority to approval for work at home and team management System and so on. TVP-hk not only serves a large number of companies and organizations that need to upgrade technology systems, but also cooperates with various technology suppliers. Therefore, based on the experience of technology voucher consultants, I try to make predictions for the optimization of technology voucher schemes for reference by industry friends.
TVP-hk technology voucher consulting company has a lot of successful case experience, assisting customers to apply for technology voucher to enhance the application of technology. It also has a strong network of technology voucher suppliers, acting as an intermediary of technology voucher, and has a good reputation. If you have any queries, please contact TVP -hk (9867 6897)
Preliminary funds for technology bonds should be optimized
First of all, we predict that it will be difficult to increase the funding ceiling for the technology voucher in the short term. Since the launch of the technology voucher program in 2016, it has only doubled once on February 27, 2019, from 200,000 to 400,000. There is still some distance to the upper limit, so the chance of further increase is slim. Instead, we believe that there is room for optimization of the preliminary funds in the optimization measures on December 1, 2019. Now applicants need to open separate bank accounts and inject the same amount of capital to obtain 25% of the total funding as preliminary funds. As we know, it often takes three months to open a bank account in Hong Kong, and the procedures are quite cumbersome. For example, Lao Shi Dongzhong only obtains one-sixth of the total project cost in advance, which is not attractive to companies with an application amount of less than 300,000 yuan. . The relevant authorities may refer to the new practice of the BUD Special Fund on January 20, 2020, that is, the major shareholders provide personal guarantees, cancel the requirement to establish separate bank accounts, and increase the initial capital from 25% to a maximum of 75%. The special fund system is complete.
Increase the resources of the Innovation and Technology Department to speed up the application process
Another point that needs attention is that technology voucher applications have always taken longer than the BUD special fund. It often takes more than 4 to 5 months, with an average of about 80 working days. In addition, due to the recent epidemic, many government departments have If you need to work from home, the application process will inevitably be slowed down. In order to catch up with the backlog of applications, the relevant authorities should increase the resources of the Innovation and Technology Department, hire more staff for the Technology Voucher Scheme, and optimize the processing system, such as the use of artificial intelligence document recognition systems to assist in processing application documents and speed up the approval process. The funds reach the enterprise as soon as possible. As the saying goes, saving people is like fighting a fire, and government funding is like rain in time. We should take the opportunity to enhance the long-term competitiveness of Hong Kong enterprises in the principle of the people.
Technology Voucher Intermediary Consultant Wins in Professional and Experience
Most companies will only apply for technology voucher once or twice. Instead of spending a lot of time on research and risking application delay or failure, savvy companies will choose to hire professional and experienced technology voucher intermediary consultants to assist in related matters. TVP-hk Technology Voucher Consulting Company has assisted hundreds of companies to apply for technology vouchers, based on the interests of customers, and promised no fees for unsuccessful failures. Therefore, it has been able to gain the trust and support of customers and partners for many years. For enquiries about technology voucher advisory services, please contact TVP-hk (+852 9867 6897)
