TVP was launched in November 2016 The programme is implemented on a pilot basis for an initial period of three years from November 2016 with HK$500 million from the Innovation and Technology Fund.
Since 28 February 2018, the eligibility of TVP has been relaxed as follows:
Become a user of TVP Funding Administrative System, and prepare required documents.
Submit application with required Documents, and wait for approval. Successful application to sign a funding agreement with ITC before project commencement.
Project to be completed within 12 months. Applicant enterprise should submit the final report and documents within 2 months after completion of the TVP project.
Funding on no more than two-thirds of the actual cost of a project will be provided to an applicant enterprise on a reimbursement basis.