The Government sets aside $50 million for Retail Technology Adoption Assistance Scheme for Manpower Demand Management (ReTAAS) to help the retail industry to adopt relevant information and communications technology and other technologies that help manage manpower demand.
To provide funding support for retail enterprises to adopt technologies for manpower demand management purposes and help to enhance productivity.
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 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.
Each funded project should be completed within 6 months.
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)
- Electronic Payment System
- Inventory System
- Security and Surveillance System (e.g. CCTV)
Other projects, such as projects solely to promote the business of the enterprise, are not eligible for application. Only expenses directly related to the project can be funded. Daily operation costs of the enterprise (e.g. the salary for employees, office rent, general administrative and office expenses, etc.) are not eligible for funding. Please refer to paragraph 3.2.5 of the Guide to Application for more details.