Launched by the Innovation and Technology Fund (ITF), TVP aims to subsidise non-listed enterprises and local small and medium enterprises (SMEs) in using technological services and solutions to improve productivity, or upgrade or transform their business processes.  The programme covers projects for:

• Productivity/Business Process
• Testing and certification
• Environmental Protection

To ensure that the project funds have been solely and properly applied to the project and expended in accordance with the approved budget, an audited statement of income and expenditure shall be required for projects with approved funding over HK$50,000.  The required accounts shall be audited by an independent auditor who must be a Certified Public Accountant holding a practicing certificate registered under the Professional Accountants Ordinance (Cap. 50).

In order to ensure the project funds have been solely and properly applied to the project and expended in accordance with the approved budget, an audited statement of income and expenditure shall be required and audited by an independent Certified Public Accountant (Practicing).

The audited statement of income and expenditure shall be submitted to the Innovation and Technology Commission (ITC) within two months after the completion of the TVP project for the disbursement of the final payment.

For more details please refer to the official website:
https://www.itf.gov.hk/en/funding-programmes/facilitating-technology/tvp/