What are the vetting criteria of the Guangdong - Hong Kong Technology Cooperation Funding Scheme (TCFS)?
In considering a proposal, due consideration will be given to, inter alia, the following wherever applicable:
- whether the project would facilitate general upgrading and future development of the relevant industries in the Greater Pearl River Delta region and Hong Kong, contribute to innovative ideas and technology upgrading as well as broaden the scientific and technical knowledge base in the Greater Pearl River Delta region and Hong Kong;
- whether the project would involve collaboration with organizations in Guangdong/Shenzhen;
- whether there is substantial contribution from the relevant industries, particularly in the form of cash sponsorship;
- whether there is a demonstrated need for the proposed project;
- whether similar products, technologies or services are already available in the market, and whether the project is duplicating or likely to duplicate the work carried out by other institutions;
- whether the overall planning and organizational structure of the project is appropriate and whether the project team has the relevant technical and project management capability (including their experience, qualifications, track record);
- whether the proposed budget is reasonable and realistic and whether the project should be funded by other sources, such as the Research Grants Council, Environment and Conservation Fund, etc.; and
- for proposal involving collaboration between a private company and a local research institute, whether the R&D content merits the participation of the local research institute, whether there is an appropriate level of commitment from the company and the research institute to the project in terms of financial contribution and manpower involvement; and whether the project should be delivered by the company as part of its normal business activities and development or service engagement.