'Govt Assistance Plan For IT Firms Needs Revamp'

"); jQuery("#212 h3").html("

Related News Programmes

"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "http://newsstatic.rthk.hk/audios/mfile_1390169_1_20180409125819.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'http://news.rthk.hk/rthk/en/component/k2/1390169-20180409.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','http://news.rthk.hk/rthk/en/component/k2/1390169-20180409.htm', 'DCS.dcsqry', '' ); } } }); }); });

2018-04-09 HKT 12:58

Share this story

facebook

  • 'Govt assistance plan for IT firms needs revamp'

Keith Tsa talks to RTHK's Janice Wong

Representatives from the information technology industry have called for a revamp of the government's plan for assistance, saying it is now following a traditional approach, like a welfare programme.

The government has allotted HK$500 million as a technology voucher programme to encourage local firms to upgrade their technology and improve productivity. But since the scheme's launch two years ago, less than half of the 889 applicants have been successful.

Commenting on this over the weekend, Innovation and Technology Secretary Nicholas Yang said a reason for such low numbers may be because the applicants weren't smart enough in presenting their case.

But Keith Tsa, who failed to get funding from the programme set up as a part of the Innovation and Technology Fund, said the approach of the government is flawed.

"The government, right now is more traditional, like [evaluating] education welfare policy ... you submit document, you submit information. Then they have a list of the criteria and they basically see how many criteria you have met. If you couldn't meet the basic criteria, then they fail you," said Tsa.

He said the government should make the application process more interactive, and put less emphasis on written documents.

Tsa told RTHK's Janice Wong that the application process is just too complicated, and not many IT start-ups are keen on applying.

RECENT NEWS

SUNMI Technology Is Officially Listed On The Main Board Of HKEX

SUNMI Technology Group Co., Ltd, a Business IoT (BIoT) leader, was officially listed on the Main Board of the Hong Kong... Read more

Can AI-Native Infrastructure Finally Eliminate The Friction Within Cross-Border Payments?

What is stopping businesses from fully tapping a US$336 billion cross-border payments opportunity? Ask the merchants tr... Read more

HKMA Cargox Pilot Brings 21 Banks To Boost SME Trade Finance Via Data Sharing

The Hong Kong Monetary Authority (HKMA) has launched the HKMA Cargox pilot programme, partnering with 21 banks to digit... Read more

Krakens Parent Acquires Reap In US$600M Deal To Expand Stablecoin Payments In Asia

Payward, the parent company of cryptocurrency exchange Kraken, is acquiring Hong Kong-based payments infrastructure fir... Read more

XTransfer Files For Hong Kong IPO, Seeking US$186 Million

Chinese B2B cross-border payments company XTransfer has filed for an IPO in Hong Kong to raise US$186 million. The comp... Read more

HSBC Rolls Out Privé World Legend Mastercard To Hong Kong Clients

HSBC Hong Kong has launched the HSBC Privé World Legend Mastercard, becoming the first bank in the Asia Pacific region... Read more