--- title: "How Much Do You Know About Technology Vouchers?" locale: "en" language: "en-HK" published: "2016-11-25T06:16:48.000Z" updated: "2026-03-19T21:15:10.702Z" canonical: "https://accordhk.com/blog/how-much-do-you-know-about-technology-vouchers-369" --- # How Much Do You Know About Technology Vouchers? Technology vouchers help eligible SMEs use technology to improve productivity. This November 2016 article outlines funding of up to 200,000 across 3 projects, eligibility requirements, disbursement arrangements and the documents needed upon completion. ## In brief As described in November 2016, eligible SMEs could receive total funding of up to 200,000 for up to 3 technology projects. Projects should generally finish within 12 months, only one application could be submitted at a time, and completion documents were required for the remaining funding. [Technology vouchers]() are a government funding initiative that helps SMEs use [technology]() to improve productivity. Eligible enterprises may apply for up to 3 projects and receive total funding of up to 200,000. Each project should generally be completed within 12 months. An applicant enterprise may submit only one application at a time to the [Technology Voucher Programme](). An enterprise may submit a new application only after completing its previously approved project and submitting the final project report. The same project cannot receive other government funding. **Eligibility:** The enterprise must be registered in Hong Kong and have had substantive business operations in Hong Kong for at least one year. At the time of application, those operations must be relevant to the proposed project. It must also meet the government's definition of an [SME](): a manufacturing enterprise employing fewer than 100 people in Hong Kong, or a non-manufacturing enterprise employing fewer than 50 people in Hong Kong. **How funding is disbursed** Upon successful application, up to two-thirds of the funding will be disbursed. The remaining funding will be disbursed after the enterprise logs in to the funding website and submits the relevant proof of completion within 2 months of completing the project. **Documents required to demonstrate project completion** A final project report confirming that the project has been completed and containing a summary of project expenditure and the project outcomes; Project [outcome evidence]() (such as consultancy reports, delivery receipts and photographs); Originals or copies of payment receipts for each expenditure item, certified by the applicant enterprise. The payer's name on each receipt must match the name of the applicant enterprise; If the approved funding exceeds HK$50,000, an audited statement of project expenditure prepared by an independent auditor must be submitted to the Innovation and Technology Commission; If the approved funding is HK$50,000 or less, the applicant enterprise must submit a final expenditure statement and declare that it is accurate and that all expenditure complies with the requirements set out in the funding agreement. The Innovation and Technology Commission reserves the right to conduct a detailed review of the final expenditure statement. https://www.itf.gov.hk/l-tc/TVP.asp ## Frequently asked questions ### How much funding could an enterprise receive under the programme described in the article? The November 2016 article states that an eligible enterprise could apply for up to 3 projects and receive total funding of up to 200,000. Each project should generally be completed within 12 months. ### Which enterprises were eligible to apply? Enterprises had to be registered in Hong Kong and have substantive local business operations for at least one year, with those operations relevant to the proposed project at the time of application. Manufacturing enterprises had to employ fewer than 100 people in Hong Kong, while non-manufacturing enterprises had to employ fewer than 50. ### Could an enterprise submit multiple applications at the same time? Only one application could be submitted at a time. A new application could be submitted only after the previously approved project had been completed and its final report submitted; the same project could not receive other government funding. ### How was the funding disbursed? The article states that up to two-thirds of the funding would be disbursed upon successful application. The remaining funding would be released after the enterprise submitted proof of completion through the funding website within 2 months of completing the project. ### What documents were required after project completion? Enterprises had to submit a final project report, evidence of project outcomes and certified payment receipts bearing the applicant enterprise's name. Funding above HK$50,000 required an audited project expenditure statement prepared by an independent auditor; funding of HK$50,000 or less required a final expenditure statement and a declaration of its accuracy and compliance with the funding agreement.