'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

OKI And Hitachi To Launch Joint Venture For ATM And Automated Equipment In October

OKI, Hitachi, and Hitachi Channel Solutions have announced that they have reached agreements to integrate their automat... Read more

The Race For Hong Kongs First Stablecoin Licenses Is Almost Over

I’ve been refreshing the Hong Kong Monetary Authority’s register of licensed stablecoin issuers frequently over the... Read more

HTF Securities And Alchemy Pay Expand Hong Kong Type 1 License For Virtual Assets

Alchemy Pay has announced that, in partnership with HTF Securities Limited, it has successfully expanded HTF Securities... Read more

Ping An Digital Bank Rebrands As Deposits Exceed HK$12 Billion

Ping An Digital Bank has introduced a new brand identity, aligning more closely with its parent, Ping An Insurance. The... Read more

Futus PantherTrade Launches Full-Scale Licensed Operations In Hong Kong

Futu has announced that its wholly-owned virtual asset trading platform, PantherTrade, has begun full-scale licensed op... Read more

Mastercard Enables AI Agent To Complete Live Ride-Booking Payment In South Korea

Mastercard has completed a live, authenticated agentic transaction in South Korea, marking a key development in AI-powe... Read more