ReTAAS
Retail Technology Adoption Assistance Scheme
The Government sets aside $50 million for Retail Technology Adoption Assistance Scheme for Manpower Demand Management (ReTAAS) since Dec, 2014.
| Objective: | To provide funding support for retail enterprises to adopt technologies for manpower demand management purposes and help to enhance productivity. |
| Project Duration: | Each funded project should be completed within 6 months. |
| Eligibility: | All non-listed enterprises registered in Hong Kong under the Business Registration Ordinance (Chapter 310) with substantive retail business operations in Hong Kong are eligible to apply, irrespective of their number of outlets. |
| Funding Amount: | Funding will be provided on a matching basis, i.e. enterprise will be funded for a maximum of 50% of the total approved project cost. Up to two projects from a single applicant may be approved, subject to the cumulative ceiling of funding support of $50,000. |
| Scope of Funding: | Projects must be related to the management of manpower demand of the applicant*. A list of typical technologies are as follows: POS System (Point-of-sales System) / e-shop / Electronic Payment System / Inventory System / Security and Surveillance System (e.g. CCTV)
*Please refer to paragraph 3.2.5 of the Guide to Application for more details. |
Application
Application Process
Applicants should submit a completed application form including project details, budget, implementation programme etc. for approval. However, only direct expenditures for proposed projects will be approved.
Application Form
Enterprise should submit a completed ReTAAS application form* with the required supporting documents, to the Secretariat by post, email or in person.
Sample Application Forms
Guide to Application
The Guide to Application provide comprehensive guidelines to applicants including general information, eligibility, funding amount, application and vetting procedures, project monitoring, disbursement of fund, enquiries and other relevant information.
Reminder of the Application Submission
A full set of completed application form together with valid supporting documents and a soft copy as required should be included in applicants’ submission. Any application with incomplete information (such as only soft copy or hard copy) will not be processed until the completed set of documents has been received. The Secretariat possesses the final decision right for any dispute cases, if any.
Application Timeline
Applicants can submit their applications throughout the year. Vetting Committee will vet the applications on a rolling basis throughout the year.
Project Agreement and Accounts
In respect of each approved project, the funded enterprise has to sign or submit the following documents:
- sign a funding agreement with the Secretariat;
- the applicant shall keep a proper and separate set of books and records for the project;
- evidence showing that the grantee has duly paid up the matching fund;
- submit completion report and audited accounts within two months after project completion or the date previously approved in writing by the Secretariat
Service Providers
A list of potential providers is at HK Digital Interactive IT Solution Directory and Grantees’Selected Vendors for reference. Please refer to paragraph 6 of the Guide to Application for further details.
Please refer to ReTAAS for further details regarding the application process.