As announced in the 2020-21 Budget, the Government will further enhance the Technology Voucher Programme with effect from 1 April 2020 to further assist enterprises in making use of technology to improve their business operation and enhance their competitiveness. The Government’s funding ratio in each approved project will be raised from two-thirds to three-quarters. The funding ceiling will be increased from $400,000 to $600,000 that saves 75% of the investment for I.T software e.g. HR system for projects and the maximum number of approved projects per applicant would be increased from 4 to 6.
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