Can Hong Kong Companies Successfully Apply for a £600,000 Technology Voucher After Immigrating to the UK?

You need to meet the following conditions:

👉 Hong Kong company must be in normal operation

👉 Need promotion for a website / App / Facebook or Google, or

👉 Commercial system, but must be legally using government subsidy amounts

 

Why choose us?

👍 Over 500 successful cases, one of the most experienced government subsidy consulting companies in Hong Kong

👍 If unsuccessful, we promise an immediate refund of the deposit*

👍 In 2021, we established a subsidiary in the UK with full-time staff to follow up on applications

 

Technology Voucher Application Process:

1️⃣ Pre-application assessment

2️⃣ Draft project budget and project plan

3️⃣ Submit application documents and application form

4️⃣ Initiate the project and manage the application progress

5️⃣ Submit the final report and assist in obtaining the subsidy

*Refunds are subject to terms and conditions in the sales contract. Please refer to the contract for details.

Technology Voucher Consultant Fee Methods

Why Do Companies Need Consultant Services When They Can Apply for Technology Vouchers and BUD on Their Own?

In fact, companies can indeed apply for Technology Vouchers and BUD (Business Environment and Upgrading Programme) on their own, but many companies choose to use the services of Hong Kong subsidized consulting companies for the following reasons:

1. We have rich experience and expertise: Our professional consulting team has extensive experience and expertise in applying for Technology Vouchers and BUD funds, which can help Hong Kong companies increase their success rate in the application process.

2. Time and resource savings: Writing application documents, preparing data, and communicating with government departments can be very time-consuming. Our professional consulting team can help companies complete these tasks more efficiently, allowing them to focus on their core business.

3. Follow-up and support: If problems arise during the application process or further information is needed, our consultants can respond quickly and effectively and provide the necessary support.

4. Ensuring data integrity and quality: Our consulting team reviews all submitted data and documents to ensure their integrity and quality, avoiding rejection due to oversight.

5. Familiarity with policies and updates: Government policies and requirements may change. Our government-funded consultants keep a close eye on these changes to ensure that applications align with the latest policies and requirements.

6. Post-project management and reporting: In addition to the initial application, many times regular progress reports and final reports are required. Our consultants can help manage the entire project process, ensuring all reports are completed on time and of high quality.

In summary, while companies can apply on their own, our consulting services offer greater efficiency, expertise, and completeness, making it more likely for companies to successfully obtain funding and ensure smooth project execution.

The Primary Concern of Most Clients is How Much the Consultant Fee?

Based on the experience of Hong Kong Subsidized Consultants Limited’s Technology Voucher consultants, most clients are primarily concerned not with “whether they qualify for the Technology Voucher application” but with “how your fees work.” It is reasonable to think about things from a cost-benefit perspective in business. Typically, the fee structure for Technology Voucher consultants is divided into two main types: fee based on the percentage of the grant and fixed fee. Below is a brief introduction to these two fee structures in the market:

Fixed fee:

Our fee structure is a fixed fee, which can be a fixed amount or calculated based on the workload of the application project, not related to the amount of the grant, generally ranging from thousands to thirty thousand Hong Kong dollars. Since consultant fees are independent of the application project, consultants have no incentive to steer clients toward unnecessary technology solutions. Furthermore, the process of interaction with consultants is more direct and prompt. Many companies may not be allowed to pay consultant fees with grant funds for institutional reasons, making fixed fees more friendly in accounting treatment.

Fee based on the percentage of the grant:

Most Technology Voucher consultants on the market mainly adopt the “fee based on the percentage of the grant” charging model, with commission rates typically ranging from 5% to 20% and usually advertised as “no success, no fee.” As the name suggests, the advantage of this Technology Voucher consultant service is that if the Technology Voucher application fails, the applying company does not have to bear a monetary cost (though other costs like manpower, time, business opportunities, etc., are unavoidable). Therefore, companies often view it as an opportunity to “give it a try” because failure seems to incur no actual loss. Additionally, since consultants only get paid after a successful application, this model incentivizes consultants to give their best effort to maximize the grant amount.

However, since consultant fees are calculated based on the grant amount, the higher the grant amount, the higher the consultant’s commission. This can lead to consultants actively pushing for larger grant projects and even introducing unnecessary system features during the application process. While costs in the short term may be unclear due to government funding, long-term system maintenance costs must be fully paid, potentially causing a long-term burden on businesses.

In summary, independent Technology Voucher consultants do not have the same structural incentive to maximize the grant amount as “no success, no fee” intermediary consultants. Therefore, clear explanations before commissioning are crucial to build trust between clients and consultants. Hong Kong Subsidized Consultants Limited recommends that companies not only consider the price but also focus on the consultant’s professional capabilities and reputation when choosing a consultant provider. Choosing the wrong intermediary consultant can lead to future risks and problems, and companies may be deceived by dishonest providers. Therefore, when choosing a Technology Voucher consultant provider, it is better to be cautious rather than seeking a cheap option to avoid future regrets.

In conclusion, whether choosing a fee based on the percentage of the grant or a fixed fee Technology Voucher consultant, companies should make wise choices based on their own situation and needs. By selecting the appropriate fee structure and the right Technology Voucher consultant, companies can better utilize Technology Voucher resources and achieve sustained business development and growth.

How can Technology Voucher Consultants Benefit Businesses with Technology Vouchers?

Success Case 1: A small to medium-sized enterprise utilized a Technology Voucher consultant who charges based on the grant percentage, successfully applied for a Technology Voucher, and implemented an efficient production management system, significantly boosting production efficiency. Although consultant fees were related to the grant amount, the company ultimately achieved significant benefits.

Success Case 2: A large enterprise chose a Technology Voucher consultant with a fixed fee structure, allowing the company to budget and plan consultant fees clearly without being influenced by the grant amount. The company successfully applied for a Technology Voucher and implemented a complete supply chain management system, improving logistics efficiency and saving costs. Since consultant fees were independent of the grant amount, the company could carry out project development within a reasonable budget, ensuring stability for future operations.

It’s worth noting that in recent years, the number of government funding programs and related intermediary consultant companies has increased dramatically. Therefore, businesses should exercise caution when applying for Technology Vouchers and selecting Technology Voucher consultant providers. Hong Kong Subsidized Consultants Limited recommends that businesses not only consider price but also focus on the consultant’s professional capabilities and reputation. Choosing the wrong intermediary consultant can lead to subsequent risks and problems, and businesses may be deceived by dishonest providers. Therefore, when choosing a Technology Voucher consultant provider, it’s better to choose carefully rather than seek a cheap option to avoid future regrets.

In conclusion, whether choosing a fee based on the grant percentage or a fixed fee Technology Voucher consultant, businesses should make wise choices based on their own situation and needs. By selecting the appropriate fee structure and the right Technology Voucher consultant, businesses can better utilize Technology Voucher resources and achieve sustained business development and growth.

Why Do Government Personnel Sometimes Have Conflicts with Government-funded Consultants?

In recent years, we have found that government personnel may sometimes have certain tensions or conflicts with our consultants. This is mainly due to the following reasons:

1. Unclear responsibilities: Government employees may perceive that the role of consultants overlaps with or disrupts their work. Consultant involvement may make some employees feel that their positions are threatened. In reality, consultants complement rather than compete with government departments.

2. Different work cultures and values: Consultants typically come from the private sector, and their work methods, thought processes, and values may differ from the culture within government departments.

3. Asymmetric information: Consultants usually conduct in-depth research and provide recommendations. If these recommendations diverge from the existing views within government departments, or if the department believes that consultants haven’t fully understood the issues, misunderstandings can arise.

4. Questioning qualifications: Some government department employees may question whether consultants genuinely have enough expertise and experience to handle specific problems or projects.

Tensions and conflicts result from a combination of factors, including unclear responsibilities, differences in work culture, expectations management, and communication issues. To reduce such tensions, establishing good communication and mutual trust is crucial.