One-stop Supportive Scheme for Young Entrepreneurs by SIC



The Hong Kong Federation of Youth Groups (HKFYG) has always been empowering local young people to explore new career opportunities, breaking new ground in youth employment. In 2005, the "Youth Business Hong Kong" (YBHK) scheme has been set up, offering Hong Kong's first one-stop youth entrepreneurship services including seed money, business mentorship and support, information and networking.
 

 

One-stop Supportive Scheme for Young Entrepreneurs by SIC is first launched this year which includes providing seed money, practical business training, mentorship, business advisory and other support. The Programme aims to encourage youths to be innovative, keep trying and develop entrepreneurial spirits.

6 Core Services

 


Providing Seed Money

Supported by Youth Development Fund, HK$200,000 seed money and HK$100,000 interest-free loan will be provided to each successful application.

Arranging Business Mentorship and Professional Consultancy

Business mentors will be drawn from amongst fellow entrepreneurs, senior executives in corporations and industry, consultants and other professionals. They would volunteer their time, expertise and experiences and thus serve as advisors on business operations.

 

An entrepreneur will be matched to each successful application and they can support each other in the stratup journey.

Upgrade business fundamental knowledge

We provide 20-hour practical business training in 8 sessions. Applicants can choose elective training up to maximum 4 hours in order upgrade their business knowledge in different aspects.

Giving Business Support

We will organise 1-to-1 business clinic to successful applicants and YBHK will provide information on industry, trade, finance and laws as basic materials to assist in business operation.

Co-working space

Successful applicants can rent the office space of Social Innovation Centre at a special rate.

Information and Networks

We will provide different business activities for successful applicants to build up their networks. They can gain latest business information and develop new collaborations.