Approval result (D-Biz application progress)
D-Biz application progress | Approval results
It took nearly 2 months, and our first batch of customers who applied for D-Biz received D Biz approval results one after another. Some customers were not approved for any funding, and some customers were successfully approved for full funding. Why is there such a difference? We are also very confused about this!
Approval result | Conjecture of difference result
Conjecture 1: Overall funding is tightened
According to July 7, 2020 Hong Kong Economic Times reported: “As of yesterday ( July 6), a total of 15,200 applications have been received. 1,194 have been processed, of which 1094 have been successfully approved.”, “The total funding amount exceeds 44 million yuan, and the average funding amount for each case is about 40,000 yuan about”.
|10,000 or less||5%|
|10,000 to 50,000||61%|
|More than 50,000||34%|
It can be seen from the above table that 61% of them have been approved between 10,000 and 50,000. The average subsidy for each case is only 40,000. Compared with the maximum amount of 300,000 approved by the prescription at the beginning, the distance is very far. I believe that due to the overwhelming response to the application, the approval amount and time are not as expected.
Improvement: Companies should not exaggerate their needs and try to apply for funds based on actual conditions.
Conjecture 2: The applicant failed to correctly and reasonably express the effectiveness of the case
As the evaluation criteria remain unchanged, it is implied that the unapproved application cases themselves fail to meet the evaluation criteria:
(1) Whether the proposed project is related to the business of the applicant enterprise;
(2) Whether the budget is reasonable;
(3) Whether the implementation details are reasonable;
(4) The technical capabilities and experience of the service provider; and
(5) Whether the relevant service provider has a bad record.
We received feedback from a small number of customers: “Because of the existing website, the new technical solution was not approved.”
The prescription did not give a detailed explanation of the reason, but we inferred that it should be the difference between the new technical solution and the existing technical solution in use, and the difference between the new technical solution and the existing technical solution, and How do these differences help and support companies to continue to operate and provide services under the epidemic?
Improvement: When filling in the application form, companies should pay attention to Part B-the current business overview and the expected benefits of the project, and express it correctly. The evaluation criteria 1, 2, 3, and these technical solutions “how to help and support enterprises to continue to operate and provide services under the epidemic”.
Looking forward to the future
I hope that the above sharing will help more SMEs, and provide some directions and precautions when applying for D-Biz.
Recently, D-Biz has increased the funding to 1.5 billion yuan. If you are interested in applying, please feel free to contact us.
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