Social Innovation and Entrepreneurship Development Fund (SIEF)
Since 2015, Impact Incubator has been an Intermediary of the Social Innovation and Entrepreneurship Development Fund (SIEF). The Hong Kong Council of Social Service operates Impact Incubator, a one-stop supporting platform that connects social innovation implementers (SIIs) to expert resources and networks, such as social welfare agencies, social enterprises, funders, business associations and professional bodies. This platform helps SIIs implement innovative solutions to poverty and social exclusion issues in Hong Kong to drive sustainable impact.
From 2015 to early 2020, the Impact Incubator supported over 100 social innovation projects, which benefitted more than 22,000 beneficiaries. The Impact Incubator also facilitated around HKD100 million of grant funding on behalf of the Social Innovation and Entrepreneurship Development Fund. Social innovation projects at late prototype, start-up, growing and scale-up stages are eligible to apply for the Impact Incubator.
For more details, please check at
Social Innovation and Entrepreneurship Development Fund (SIEF): https://www.sie.gov.hk/tc/
Impact Incubator: www.socialinnovation.org.hk
Enhancing Self-Reliance Through District Partnership Programme
The Enhancing Self-Reliance Through District Partnership Programme of the Home Affairs Department provides seed grants for eligible organisations to set up or expand SEs. The SEs funded by the Programme have to provide job opportunities for the socially disadvantaged groups and/or products/services meeting their specific needs, so as to help them achieve self-reliance and integrate effectively into the community. Also, the funded SEs have to become commercially sustainable after the funding period.
The funding ceiling for each approved SE project is $3 million and the maximum funding period is three years. The grant may be used for initial capital expenditure and operating expenses for a maximum of three years.
For more details, please check at
Website: https://www.esr.gov.hk/en/index.html
Enhancing Employment of People with Disabilities through Small Enterprise Project
The Enhancing Employment of People with Disabilities through Small Enterprise Project (the Project) of the Social Welfare Department aims to enhance the employment of people with disabilities through market-driven approach and direct creation of more work opportunities. The Project provides seed money to non-governmental organisations to support the creation of small enterprises/ businesses to ensure people with disabilities can enjoy genuine employment in a carefully planned and sympathetic working environment.
The ceiling of grant is $3 million per business and the maximum funding period is three years. The business is expected to become self-sustaining after the funding period.
For more details, please check at
Website: https://www.mcor.swd.gov.hk/en/index.php
