“Retail Technology Adoption Assistance Scheme for Manpower
Demand Management (ReTAAS)”
The Retail Technology Adoption Assistance Scheme for Manpower Demand Management (ReTAAS) has approved funding of over 80 per cent of its processed applications since its launch in December 2014. The total amount of funding approved is $4.15 million up to the end of March 2016.
To alleviate the manpower shortage problem of the retail industry, the Government introduced the $50-million Retail Technology Adoption Assistance Scheme for Manpower Demand Management (ReTAAS) in December 2014 to help the industry adopting relevant ICT and other technologies to enhance productivity and manage manpower demand.
Up to the end of March 2016, the scheme has received a total of 187 applications and has processed 146 of them, amongst which 121 were approved (82.9%).
Many of the first batch of grantees completed their approved projects and received the approved funds. For example, a pet product seller has used the approved fund to install a point-of-sale system to connect its online-to-offline platforms to enhance efficiency and save manpower; and set up a closed-circuit television system to enable 24-hour monitoring of the security of the physical store without extra manpower. The initiatives have assisted the company’s expansion from an online shop to a physical store.
Applications for ReTAAS are accepted all year round with vetting being held every three months and the next cut-off time for applications will be 30 April 2016.
For more information, please visit the scheme website: www.retaas.hkpc.org; or contact the Secretariat at tel.: (852) 2788 6262 or email: email@example.com.