Are there any benefits for purchasing TVP Technology Voucher Programme?
Xiaohongshu claims that it is relatively easy to apply. There are no industry thresholds. Even new companies can apply. It does not depend on how much money they make, and there is no need to rent an office. There is a maximum subsidy of 600,000 yuan. You must first apply for the TVP Technology Voucher Program. Must meet the following conditions:
- Registration in Hong Kong under the Business Registration Ordinance
- A copy of the applicant’s Business Registration Office Form 1(a) / 1(c) or Companies Registry Annual Return (Form NAR1)
- Copies of documents proving actual business operations, such as receipts or business contracts in the past three months, the latest audited accounts, profits tax returns and tax assessment notices, etc.
In other words, the company needs proof of actual operations and the company’s address, and the relevant documents need to be audited, which means that the company has been operating for at least one year. As for claiming a subsidy of RMB 600,000, you must first obtain quotes from five companies, and then calculate the highest 70% subsidy in the quotations. That is, only projects with a quotation of approximately RMB 850,000 will have the highest subsidy. The funding is 600,000 yuan, and the applying company needs to provide 250,000 yuan, so it is not a full funding.
As for the approval time, due to too many applicants, it is no longer the normal three to six months. The reference time in the industry is about one year.
However, we have multiple TVP agency experience and can develop a system and mobile application in as fast as two weeks. We can also issue technology coupons, which is suitable for companies that want to increase their company’s competitiveness and productivity but do not have a large budget. Please contact us immediately!