STAGE 2 - Assessment of Application

• Establish the relevance to business of the applicant.
• Establish the reasoning of budget and implementation details.
• Provide adverse record of the technology consultant and/or service provider.
  

Stage 3 - Notification of Results

• When the TVC application succeeds and before the project can commence, a funding agreement will have to be signed with ITC.
  

Stage 4 - Project Implementation

• The project is to be completed within 12 months. A final project report will be prepared for submission.
  

Stage 5 - Disbursement of Funding

The applicant enterprise is required to submit the following documents with two months after the completion of the TVP-funded project

• The final project report
• Evidence/proof of deliverables (from the project)
• For each expenditure item (for the TVP project), submit the original or copy receipts. When the approved fund exceeds HK$50,000, a qualified and independent auditor (such as Prism Consultancy) must submit an audited statement of expenditure to ITC. When the approved fund is below HK$50,000, the applicant enterprise is required to submit and declare a final statement of expenditure.
• Proof of funding for no more than 75% of the actual cost of the project