With the accelerated pace of technological development and digital transformation, the demand for opening online stores, O2O marketing, automation tools, and remote work solutions has risen suddenly. Mastering digital transformation solutions and government funding schemes can make up for the shortcomings of SMEs’ ​​lack of IT resources, and make use of government funding. Rapidly achieve digital transformation. The following will share the three high-amount government funding schemes of TVP Technology Voucher, EMF Fund and BUD Fund, and how to use the funding to achieve production and process upgrades or digital marketing to help enterprises create advantages through digitalization.

High-amount funding: TVP Technology Voucher

The purpose of the TVP Technology Voucher Program is to support enterprises to achieve the goals of productivity improvement, process upgrade or business transformation with technology solutions or services. Therefore, technology services, solutions and related equipment and software/hardware that can achieve the plan goals can be subsidized. The funding ratio of TVP technology vouchers is 75% of the project cost. The TVP Technology Voucher allows companies to obtain a total funding of $600,000 through up to 6 projects, allowing SMEs to implement their technology upgrade plans step-by-step. Taking the development of digital sales as an example, the popular technology voucher application projects in the first stage include: opening an online store, an online order system or an online reservation system, establishing a CRM system and purchasing automated marketing tools. Subsequent upgrades focus on reusing technology systems or solutions to streamline internal processes, such as: ERP enterprise resource management system, accounting system, inventory management system, etc. Another focus is to automate processes through system integration, such as accounting, inventory , customer service automation solutions to reduce costs and improve efficiency. In addition, it is a popular solution to assist digital marketing by connecting the back-end API settings of the online store to the POS system, CRM customer management system and inventory management system. When customers pay for shopping in the online store, the online store sales records, CRM system and inventory system are synchronized and automatically updated. , easy to monitor sales, promotion and control inventory.

The TVP Technology Voucher allows companies to obtain a total funding of $600,000 through up to 6 projects, allowing SMEs to implement their technology upgrade plans step-by-step. Taking the development of digital sales as an example, the popular technology voucher application projects in the first stage include: opening an online store, an online order system or an online reservation system, establishing a CRM system and purchasing automated marketing tools. Subsequent upgrades focus on reusing technology systems or solutions to streamline internal processes, such as: ERP enterprise resource management system, accounting system, inventory management system, etc. Another focus is to automate processes through system integration, such as accounting, inventory , customer service automation solutions to reduce costs and improve efficiency. In addition, it is a popular solution to assist digital marketing by connecting the back-end API settings of the online store to the POS system, CRM customer management system and inventory management system. When customers pay for shopping in the online store, the online store sales records, CRM system and inventory system are synchronized and automatically updated. , easy to monitor sales, promotion and control inventory.

Help expand overseas markets: EMF SME Marketing Fund

EMF is a subsidy fund to encourage SMEs to participate in export promotion activities to expand markets outside Hong Kong. The EMF only allows each application to include expenses related to participating in one export promotion activity, and the maximum subsidy amount is 50% of the total approved expenses paid by the applicant enterprise for the relevant activity or 100,000 yuan, whichever is lower. There is no limit to the number of times an enterprise can apply for funding, but the cumulative funding amount for each enterprise is capped at 800,000 yuan.

The EMF can subsidize keyword searches, upload product information, build or optimize company websites/mobile applications targeting markets outside Hong Kong for export promotion, and also include other measures to expand overseas markets. The goal of the merchant is to export the goods overseas, and they hope to cooperate with online promotion or advertising expenses. The flexibility of EMF is a major advantage.

BUD Fund buys machines, sells advertising, and expands the market

The BUD Special Fund is another high-amount subsidy program to support SMEs to go global. The purpose is to assist Hong Kong companies to develop their brands, upgrade their businesses and develop market sales. Fund Free Trade Agreement Program", the cumulative funding ceiling for each enterprise is HK$4 million, and the funding ratio is 50% of the project cost.

Enterprises can use the BUD special fund to buy machines or upgrade production lines. For manufacturers, large-scale investments such as the introduction of automated production processes, the purchase of robotic arms, and 3D printing technology can be leveraged from the BUD special fund. In addition, for digital marketing, the BUD special fund can also subsidize companies to establish or optimize company web pages, develop APPs, online advertising, e-commerce live broadcasts, and Internet celebrities to bring goods and other measures to expand the market or build brands. For companies that want to develop the mainland market, it is a golden rule to create content on platforms such as Douyin, Xiaohongshu, and Wechat, increase followers, and even hire Internet celebrities to bring goods. funding in place.

Government funding bridges the road to digital transformation

In the era of digital business, no matter production, marketing, administration or logistics, all are striving for technological innovation, in order to achieve low-cost and high-efficiency operation. The above-mentioned TVP technology vouchers, EMF SME marketing funds and BUD special funds are all big The amount of subsidy will help you improve your competitiveness and ensure your advantages. The content covered by each grant and the application requirements listed are different, and are accompanied by standard application, procurement and project implementation procedures. To master the best government funding + technology transformation plan, one-stop consulting services are the best. Best shortcut.

Our team of consultants can conduct free funding assessments for technology-related business upgrading projects and synthesize the best funding recommendations. One-stop technology solutions and technical advice, funding application consultation to project management consultation, no delays in application, and technology upgrades are all taken!

TVP Technology Voucher Quotation Teaching 5 Steps

When TVP Technology Voucher applications require companies to make quotations for technology voucher projects, they must follow the quotation procedures. In addition to the approval requirements for TVP technology vouchers, since companies purchase technology projects to upgrade and enhance their competitiveness, the quotation process cannot be sloppy. The following articles share how to make quotations for TVP technology voucher projects, find suitable TVP technology voucher project suppliers, and open the way for upgrading and switching operations.

First, introduce the TVP Technology Voucher Funding Scheme: Under the Technology Voucher, each eligible enterprise can be approved for up to 6 projects and receive a total of up to HK$600,000 in funding. The funding ratio of technology vouchers is 75% of the project cost, that is, enterprises only have to pay 25% of the total project cost.

Know more about the quotation of technology vouchers

In order to meet the TVP Technology Voucher application process, an enterprise must make a quotation for the technology solution, and submit a copy of the quotation and all signed copies of the honest and non-collusive quotation/bidding confirmation when applying for the TVP Technology Voucher. The TVP Technology Voucher quotation requires a specified number of suppliers to obtain written quotations according to the project cost. Unless there are sufficient reasons to persuade the Innovation and Technology Commission to agree, the principle of "lower price wins" shall be adopted.

Technology Voucher Quote 5 Steps:

The difficulty of quoting a technology voucher project lies in how to specify the specifications and requirements of the project and set a budget for the project. Especially, the technology project involves IT expertise. The staff who handle the quotation should have IT knowledge to check the entire quotation process.

The following 5 steps allow enterprises to gradually complete the quotation of the technology voucher project:

 Tech Voucher Quote Step 1: Market Research

Before entering the quotation process, enterprises can first seek preliminary information in the market, which is the so-called RFI (Request for Information), so as to grasp the project budget and feasible technical direction. This practice is not a quotation procedure, but a market research procedure of the enterprise. The focus of this stage is to throw out the weaknesses of the enterprise's operation and encourage suppliers to provide different solutions or options, so that the enterprise can get the most market information.

 Step 2 of Tech Voucher Quote: Develop an Invitation for Quote

Afterwards, the enterprise revises the scope of the technology project based on the information obtained and conducts an RFQ (Request for Quotation). Technology voucher suppliers will make quotations according to RFQ, so RFQ must define in detail the specifications, expected application, verification method and delivery date of technology solutions or systems. Enterprises should encourage suppliers to provide the best proposals based on RFQ content. In addition, in addition to "the lowest bidder wins", if companies have other selection principles, they should clearly state them so that suppliers can fairly know the quotation requirements.

Step 3: Invite suppliers to quote

When companies invite TVP technology voucher suppliers to quote, the most common problem is that the service content provided by the supplier is far away from the original RFQ requirements or the number of suppliers' quotations is insufficient. The former may be because the requirements of the quotation invitation are not accurate enough, and the number of quotations is insufficient or because the enterprise does not have enough supplier network.

Step 4 of Tech Voucher Quote: Supplier Relationship Management

TVP Technology Voucher requires suppliers to sign an Integrity and Non-Collusive Quotation/Tender Confirmation Letter when responding to quotations. Suppliers will estimate their chances of obtaining the project. If they feel that the chances are not high, they may not be willing to waste time. Therefore, the invitation to quote should not be cast a net, but to accurately find suitable potential suppliers, and the employees who are responsible for the quotation work should meet the suppliers, explain the quotation requirements in person, and understand the suppliers' plans at the same time, which can improve the The accuracy of communication can also make suppliers feel your sincerity. If quotation requirements are modified during the process, all suppliers will be notified so that suppliers can quote on consistent information. One of the key points in the approval of Tech Vouchers is a fair quotation process, and this fairness should be reflected in the content listed on the supplier's quotation.

Step 5 of Technology Voucher Quotation: Supplier Quotation Selection

Technology solutions are often worth every penny, and the strength and quality of service packages are actually reflected in the price. In addition, each supplier can provide different solutions for the same technology system/requirements, so the dedicated staff really need to “shop around” to understand the feasibility of the solution from the technical level, and review the technical capabilities and technical capabilities of the technology suppliers. Track record of pursuing similar projects. When companies select technology voucher suppliers, in addition to "the one with the lowest price wins, the quality of the solution and the long-term development strength of the supplier must be taken into account.

IT expertise is the key to success

Although the Technology Voucher Application Guidelines have stated that the project quotation should be based on the principle of "the lowest price", if companies choose a supplier that is not the lowest price due to other factors, they can also try to provide a well-founded explanation to the ITC. Hiring a Tech Voucher consultant is a reliable solution for companies without dedicated IT staff or when companies have to deal with technically intricate quotations and selections.