HONG KONGSAR - Media OutReach - 3 February2021 - The "Technology Voucher Scheme" of the Innovation and TechnologyCommission is the most popular government subsidy scheme for businesses in Hong Kong. In order tofacilitate applicants to adopt relevant technology services or solutions assoon as possible, the Innovation and Technology Commission will relax therequirement that applicants for "Technology Vouchers" must obtain approval from theCommission before starting projects from June 1, 2020. All applicants can startthe project as early as the day after submitting the application and expect touse information technology solutions such as online business as soon aspossible to find the latest way out in the epidemic. The Innovation andTechnology Commission has included technology voucher as the next regular funding scheme of theInnovation and Technology Fund. The funding limit for each applicant is 600,000yuan, and a maximum of six projects can be approved, and each project shouldgenerally be completed within 12 months.

Co-Wealth knows that SMEs often encounter a lot of financialdifficulties when they develop rapidly, and it has always been the purpose ofCo-Wealth to assist SMEs to achieve their goals and find a successful businesspath. In view of this, Co-Wealth will launch a free application consultationservice for businesses and provide customized solutions that meet theeligibility criteria at a reasonable price, so that SMEs can better understandthe details of the funding program and be able to The funding is used in retailand online stores.

For companies eligible to apply fortechnology voucher, they mustmeet the following requirements:

1. The companymust be incorporated in Hong Kong in accordance with the Business RegistrationOrdinance (BRO) or the Companies Ordinance or relevant regulations of statutorybodies.
2. The company must not be a government-affiliated organization or a subsidiary of any government-affiliated organization. Government branches are companies that often receive subsidies from the government.
3. The company must carry out substantive business in Hong Kong. During the technology voucher application period, the substantive business operations must be one or more projects. Companies registered as a shell company are not eligible.
4. The company must be an unlisted company.

Before applying, you need to prepare the following documents listed inthe Technology Voucher Application Guidelines: Only a Hong Kong company in actual operationcan apply (regardless of whether it is a limited company or an unlimitedcompany). The actual operation certificate should be attached when submittingthe application: including the receipt of the last three months, Invoices andMPF contribution records, company business registration, equity certificates,etc. Due to the impact of the epidemic, the Innovation and TechnologyDepartment will be significantly slower in processing applications in 2020, sowhile waiting for approval, it will also collect actual operating documentsevery month; if the business registration and other documents are due to beupdated during the waiting period, they must also be prepared to updateversion. The Innovation and Technology Administration will require theapplicant companies to submit the latest documents when the approval is closeto success, so that they can quickly respond to prescription requests if theyare prepared in advance. The Innovation and Technology Commission will notifythe applicant of the assessment result in writing.

Under the TVP technologyvoucher program, as long ascompanies use technology services and solutions for upgrading andtransformation, they can apply for SME funding, and thegovernment will bear 3/4 of the expenditure for the technologyvoucher project (that is, enterprises only have to bear 1/4 of the projectcost), the maximum amount of funding is HK$600,000. However, from technology voucher application to project management, if the company does not have an accurateunderstanding, it will have to bear the risk that the application is difficultto be approved or the project is difficult to end.

To quickly realize the upgrade dream, Co-Wealth TechnologyVoucher Consultants can do thework for SMEs. The company gathers funding consultants and technologyprofessionals, from technologyvoucher funding applications, technology supplier network support to technologyvoucher project management, professional advice, allowing SMEs to control thecomplex application procedures and technology expertise and take the lead.Co-Wealth has a wealth of experience as consultants for government-fundedprojects, grasps the latest information on various funding support for SMEs, and formulates a number of best funding applications to maximizefunding and funds are available soon. However, it is worth noting that thefunding will be divided into two phases. Successful applicants can apply forthe first phase of funding. After verifying the relevant documents, theInnovation and Technology Commission will issue the first phase of funding notexceeding 25% of the approved funding amount for the project. 75% of the finalgrant will be issued to applicants after the project is completed and the finalproject report is accepted. In addition, if the project is successfully fundedby the TechnologyVoucher Scheme, theexpenditure under the project cannot accept funding from other local publicfunding sources.

Finally, Co-Wealth partners are: 1. Inaddition to providing customers with online store opening services, i-Maker also has other differentprofessional services, such as technology voucher, technology voucher program, technology voucher provider, and ReTASS retail industry subsidy program, BUD Special Fund, SME Marketing Fund (EMF) and Business Partner Program and other government funding, technology voucher consultants can help customers establish onlinebusiness, SME funding, apply for government funding, and explain the technology voucher application process and technology voucher common problem. i-Maker is also a professional website design and web design company, web page production, SEO search engine optimization, SEO company, digital marketing, online advertising, APP development, APP writing, APP production, APP writing company, IT services, WhatsApp automation software, Chat messages, Google map optimization, my business optimization, company opening, company registration (opening limited company, establishing limited company, opening unlimited company, unlimited company registration), virtual office (virtual office service), opening company account (business account)etc. 2. Flint Ideas Design Printing limited uniform company can also help customers provide printed shirts, printed tee, team shirts, windbreakers, custom-made windbreakers, custom-made uniforms, Polo shirts, custom-made Polo shirts, sweaters, custom-made sweaters, Pullovers, hooded sweaters, zippered sweaters, zippered pullovers, baseball jackets, cardigans, nurse uniforms, aprons, caps, custom-made hats, sportswear, sweatshirts, jerseys, sublimation jerseys, canvas bags, gifts, souvenirs, advertising cups, water bottles, trophies, crystal trophies, custom-made trophies, lanyards, pennants, commemorative flags, etc. There is also a windbreaker specialty store, which designs windbreaker jackets, windbreaker uniforms, 2-in-1 windbreakers, 3-in-1 windbreakers, sports jackets, sublimation windbreakers, baseball jackets (custom-made baseball jackets), down jackets, reflective jackets and other tailor-made windbreaker services.

3. Carol Interior Design and decoration company can also help customers provide decoration design, interior design, interior decoration, home decoration, home design, decoration engineering, commercial decoration, office cleaning/office cleaning, pest control services, removal of formaldehyde, atomization and disinfection , Demolition of unauthorized construction and minor projects etc., to create different home design styles such as Japanese style, simple style, Nordic style, industrial style, mix and match style, country style, classic style, American style, which are also used in dining room design, living room Design, bedroom design, bathroom design, study design, room design, kitchen design, toilet maintenance and children's room design, to give customers a satisfactory home. 4.Dr Pest control and pest control company has a professional pest control team that is committed to providingcustomers with different pest control services. The purpose is to ensure that the environment in whichcustomers live or work is properly protected. Many pest control services include major industrial and commercialinstitutions, Government departments, restaurants, manufacturers andresidences. The Dr Pest control Co's pest control service team has received professional training andis familiar with the characteristics of pests, so that they can play the effectof pest control. They have many years of practical workexperience and professional knowledge in pest control. Maintaining good servicequality is an important cornerstone of the pest control company. Pest control services include mosquito control, ant control, cockroach control, rat control, termite control, and bed bug control. In addition, formaldehyde removal service, nano-natural disinfection service (atomization disinfection company) and post-renovation cleaning (cleaning company) are also provided. 5. The interior design of Daiku Design has designed many decoration design plans for customers, cooperating with home decoration, shop decoration, office decoration, custom-made furniture, furniture design and other indoor decoration projects to create a comfortable working andliving environment. In addition, it will also undertake minor works such as the demolition of unauthorized structures.

The professional businessconsultant/corporate consultant team of Co-Wealth Management Consultant Limitedhas more than 5 years of experience in applying for governmentsubsidy schemes. It providesprofessional consultation services for SMEs in Hong Kong to apply for governmentsubsidy schemes. The technologyvoucher advisory servicecovers different types of governmentsubsidy schemes. As ofmid-2019, Co-Wealth has assisted more than 300 Hong Kong large, small andmedium enterprises and organizations to apply for various government fundingfunds to help them make good use of government resources and enhance thecompany's market competitiveness. In addition to this service, the independentfinancial advisors of Co-Wealth FinancialConsultants also provideother services such as insurance, medicalinsurance, groupmedical treatment, labourinsurance, employeropening MPF accounts and companyopening MPF accounts, and thereare also ITservices such as webdesign, websiteproduction, whole APP, APPproduction and otherdiversified services.