Hong Kong Government funding to upgrade your business with Tradelink's solutions
Tradelink Intelligent Supply Chain Solutions are within the scope of government funding under the Technology Voucher Programme (TVP) and Pilot Subsidy Scheme for Third-party Logistics Service Providers (TPLSP). We are also an approved solution/service provider under TVP.
Solutions covered by TVP / TPLSP include
- Warehouse Management Systems
- Transportation Management Systems
- Order Management Systems
- Order Fulfilment Systems
- Supplier Management Systems
- Billing Management Systems
Available government funding
TPLSP
HKD $2,000,000
(max. 2/3 of the total project cost)
- For Non-listed local 3PLs
- Up to 4 projects
- Implementation within 24 months
- All year round application
TVP
HKD $600,000
(max. 3/4 of the total project cost)
- For Non-listed local entities
- Up to 6 projects
- Implementation within 12 months
- All year round application
Success stories
eAddress System
eAddress System for a major home furnishing retailer to facilitate its eShop and POS order delivery
Warehouse Management System
Warehouse Management System for an expanding 3PL provider to digitalise its inventory / logistics management
Billing Management System
Billing Management System for a major snacks retailer to create hassle-free document management experience
eAddress System for a major home furnishing retailer to facilitate its eShop and POS order delivery
Background:
- Our client is one of the largest home furnishing specialists in Hong Kong with a comprehensive network of retail outlets and a growing eShop business
- The client is a long-term partner of Tradelink as they have already been using our warehouse management system for its inventory management
Challenges:
- Due to the increased delivery volume from its fast-growing online and retail businesses, the client's warehouse and delivery teams had to spend tedious efforts in confirming delivery address with its customers
- Human errors from paper delivery note can lead to missed deliveries and extra cost for re-delivery
Solution:
- Tradelink provided an eAddress System to the client to enhance its eShop and POS delivery function
- Based on user input, the client's eShop can communicate with the eAddress system to obtain a more reliable delivery address automatically
- Geocoder function is integrated into the client's POS system providing auto validation of address and more reliable zone/region data for delivery information updates
Benefits:
- Improves delivery efficiency and accuracy by 50%
- Saves time and manpower required for manually processing paper delivery notes and double-checking with customers by 50%
- Reduces re-delivery cost due to invalid address by 50%
- Reduces paper usage by 80%
Warehouse Management System for an expanding 3PL provider to digitalize its inventory / logistics management
Background:
- Our client is an expanding logistics service provider in Hong Kong primarily focused on freight transportation between Mainland China and Hong Kong, local outbound/inbound delivery, container installation and demolition services, etc.
- They have extended its services to local warehousing and distribution in recent years with an aim of providing all-round and one-stop high quality logistics services
Challenges:
- The client did not have an existing WMS for inventory / logistics management of its warehouse and relied on manual documentation and stocktaking which are time-consuming and error-prone
- Before the launch of TVP, the client, as a local SME, had been facing resource issues and technophobic towards digitalization
Solution:
- Tradelink provided a WMS solution coupled with the use of handhelds to help the client digitalize its inventory and logistics management
- Inbound and outbound orders of goods are issued through WMS to minimize errors
- Product information such as import/ export records and inventory status can be updated and viewed on WMS in real time
- Tradelink WMS can be integrated with its customers' systems to provide more seamless service
- Tradelink provided comprehensive consultation service and technical support to the client along the implementation of the solution
Benefits:
- Improves overall warehouse productivity
- Saves time and manpower required for manual operations
- Allows the company to keep up with the digital landscape and provide better customer experience
Billing Management System for a major snacks retailer to create hassle-free document management experience
Background:
- Our client is a leading snack food retail chain with about 100 outlets in Hong Kong and also an owner of multiple properties such as offices and service apartments
- They have over 50 tenants with different billing cycles from daily, weekly to monthly rent
Challenges:
- Having a large amount of bills and related documents to be processed every day, our client had been struggling with manpower issue to deal with tedious administration and accounting work
- The client did not have an existing billing management system and relied on using Excel for billing management which is inefficient and the functions are limited
Solution:
- Tradelink provided a comprehensive Billing Management System to the client that, based on predefined algorithms, automatically calculates and issues rent bills including water and electricity charges to different tenants according to their billing contracts
- The system supports multiple currencies and languages for tenants from different backgrounds
- The system can generate customized reports for accounting and other purposes
Benefits:
- Saves time and manpower required for data entry and billing calculation by 50%
- Reduces paper usage by 80%
- Easier report generation for business analysis
Pilot Subsidy Scheme for Third-party Logistics Service Providers (TPLSP)
Overview
With a view to maintaining competitiveness of Hong Kong's logistics sector, the TPLSP was launched in 2020 to encourage the adoption of technology by the logistics sector for enhancing efficiency and productivity. The
Transport and Housing Bureau (THB) has engaged the Hong Kong Productivity Council (HKPC) as the Implementation Partner to serve as the Secretariat for the Pilot Scheme.
The total cumulative subsidy ceiling per applicant enterprise under the TPLSL is HKD $2,000,000 contributing a maximum of 2/3 of the total project cost.
Eligibility
All non-listed enterprises registered in Hong Kong under the Business Registration Ordinance (Cap. 310) with substantive business operations in Hong Kong, which also meet the following conditions, are eligible to apply for funding under the TPLSP:
- Providing third-party logistics services, e.g. value-added services in supply chain and distribution;
- Being related to either inbound or outbound cargo; and
- Maintaining eligibility throughout the period of project implementation
TPLSP accepts applications throughout the year.
Funding scope
The TPLSP supports projects which are implemented for applying technology and / or information systems to enhance the productivity and efficiency of value-added logistics processes.
Funding amount
The total cumulative subsidy ceiling per each applicant enterprise is HKD $2,000,000 for a maximum of 4 approved projects. The Government will cover a maximum of 50% of the total approved project cost.
Each project should be completed within 24 months.
Any approved projects cannot be subsidised under any other funding schemes of the Government at the same time.
Application process
- Prepare and Submit Application
- Application Reviewed by HKPC
- Notification of Results
- Project Implementation (within 24 months)
- Submit Project Report (Within 2 months after completion of project)
- Disbursement of Funding
Technology Voucher Programme (TVP)
Overview
Launched by the Innovation and Technology Commission (ITC) in 2016, the TVP aims to support local enterprises / organisations in using technological services and solutions to improve productivity, or upgrade or transform
their
business processes.
Each applicant enterprise is eligible for a funding up to HKD $600,000 contributing to a maximum of 3/4 of the total project cost.
Tradelink, registered under its subsidiary "Digital Trade and Transportation Network Limited", is a selected technology service provider for approved applications under the TVP.
Eligibility
Local entities fulfilling the following requirements are eligible to apply for funding under the TVP:
- (a)(i) Registered in Hong Kong under the Business Registration Ordinance (Cap. 310); or
- (a)(ii) Incorporated and registered in Hong Kong under the Companies Ordinance (Cap. 622); or
- (a)(iii) Established in Hong Kong by relevant ordinances as statutory bodies;
AND
- (b) Not a listed company in Hong Kong, and not a government subvented organisation or subsidiary of any government subvented organisation;
AND
- (c) With substantive business operation in Hong Kong which is related to the project under application at the time of application.
TVP accepts applications throughout the year.
Funding scope
The TVP supports projects that adopt technological services and solutions which could improve productivity, or upgrade or transform the business processes of the applicant.
The TVP Funding covers:
Technology consultancy
- Customised equipment / hardware, software and technological services or solutions
- Off-the-shelf / readily available equipment / hardware, software and technological services or solutions that form an essential part of the project
- Auditing fee for projects with approved funding exceeding HKD $50,000
Normal business operating costs will not be funded.
Funding amount
Each applicant is eligible for funding up to HKD $600,000 for a maximum of 6 approved projects. The Government will cover a maximum of 3/4 of the total approved project cost.
Each project should normally be completed within 12 months.
Application process
- Submit application with required documents
- Application Reviewed by ITC (around 6 months)
- Application Approved and Sign Funding Agreement
- Project Implementation (within 12 months)
- Submit Project Report (Within 2 months after completion of project)
- Disbursement of Funding