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Wish to start your own business? The Youth Development Commission has rolled out the “Funding Scheme for Youth Entrepreneurship in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA)” under the “Youth Development Fund”, which aims at providing a capital subsidy of up to HK$600,000, as well as entrepreneurial support and incubation services that befit the needs of young people who are about to start their businesses in Hong Kong and Mainland GBA cities. Read the following easy guide to learn more details of the scheme. Eligibility criteria#: Youth aged between 18 and 40 Hong Kong permanent resident Start-ups that have not been in operation or have been in operation for not more than 3 years Business registration in Hong Kong Having a planned/established business in Hong Kong and/or Mainland GBA cities (start-ups may set up their business in Mainland GBA cities and/or in Hong Kong)#Individual NGOs may prescribe additional application conditions. Please refer to the project details of the relevant NGOs. Funding Amount: Each start-up may receive a capital subsidy of up to HK$600,000 Entrepreneurial support and incubation services*: Assistance for settling entrepreneurial bases in Hong Kong and Mainland GBA cities Entrepreneurial guidance and business know-how Professional consultation services Business networking Market and supply chain development services Concessionary and facilitative measures for youth start-ups in various cities*Each youth entrepreneurship project lasts for a maximum of 3 years Application Method: A total of 16 non-governmental organisations (NGOs) are funded under the scheme to implement youth entrepreneurship projects. Individual funded NGOs may further prescribe additional requirements for applicants (such as business nature, affiliation with the institutions, etc.). Interested applicants may refer to the We Venture website. You may also watch the following video for more information of the Scheme:
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Job Application for the Greater Bay Area Youth Employment Scheme is closed According to the guidelines of the Scheme, the graduates employed by enterprises should start employment on or before 31 August 2021. Application for the job vacancies under the Scheme have been closed. For enquiries, please email to GBAemail@example.com or call 2969 0460 / 2969 0446. For more information on the opportunities brought about by the development of the Greater Bay Area, please visit the following stories: "Greater Bay Area - Education, Career Pursuit, Youth Exchange" "Greater Bay Area - Youth Innovation and Entrepreneurship" The Greater Bay Area Youth Employment Scheme (the Scheme) offers you an opportunity to earn a monthly salary not less than HK$18,000, broaden your horizon, and explore a new career pathway in the Mainland cities of the Greater Bay Area (GBA)! The Scheme encourages enterprises with operation in both Hong Kong and the GBA to recruit and deploy local university/ tertiary institution graduates to work in the Mainland cities of the GBA. 2,000 places will be provided in total, around 700 of which are designated for innovation and technology (I&T) posts*.Hong Kong residents holding bachelor degrees or above awarded by local universities/ tertiary institutions or universities/ tertiary institutions outside Hong Kong in 2019 to 2021 are eligible to join the Scheme. The eligible graduates will be engaged by the participating enterprises under the Hong Kong Law and offered a monthly salary of not less than HK$18,000, the graduates will also be stationed in GBA to work and receive on-the-job training. The Government will grant a monthly allowance of HK$10,000 to the enterprises for each graduate engaged up to 18 months. Please refer to website of the Scheme for details. * I&T posts include, but are not limited to, work related to research and development, information technology, data analysis, system development, digital marketing, engineering, information security, as well as technology-related intellectual property, and technology transfer.
Guangdong-Hong Kong-Macao Greater Bay Area The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) comprises the two Special Administrative Regions of Hong Kong and Macao, and the nine municipalities of Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen and Zhaoqing in Guangdong Province. The GBA brings invaluable new development opportunities to different sectors of the community, especially young people, in Hong Kong. Hong Kong young people who wish to pursue development in the GBA may refer to the Greater Bay Area Outline Development Plan. The Government has all along been supportive of youth innovation and entrepreneurship. The development of the GBA will bring about opportunities for our young entrepreneurs. There has been rapid development of youth entrepreneurial bases in the GBA in recent years, providing massive hardware and software support to innovative and entrepreneurial activities. Besides enjoying the concessionary policy initiatives introduced by various municipal governments in the GBA, Hong Kong young people who have successfully established a foothold can also benefit from the incubation and guidance services offered by the entrepreneurial bases in which they have established. These help reduce entrepreneurial risks. Youth Development Fund To further support youth entrepreneurship and facilitate young people to grasp the opportunities brought about by the development of the GBA, the Youth Development Commission has rolled out two funding schemes under the Youth Development Fund i.e. “the Funding Scheme for Youth Entrepreneurship in the Guangdong-Hong Kong-Macao Greater Bay Area (Entrepreneurship Scheme)” and “the Funding Scheme for Experiential Programmes at Innovation and Entrepreneurial Bases in the Guangdong-Hong Kong-Macao Greater Bay Area (Experiential Scheme)". The Entrepreneurship Scheme will subsidise 16 non-government organisations (NGOs) to organise youth entrepreneurship projects, under which a capital subsidy of up to $600,000 will be provided to selected youth entrepreneurs to meet their initial capital needs. The funded organisations will offer deeper, broader, more specific and sustainable entrepreneurial support and incubation services for young people, including helping them settle in youth innovative and entrepreneurship bases in the GBA. Moreover, as an enhancement measure promulgated by the Chief Executive's 2020 Policy Address, the funded organisations will strengthen their entrepreneurial support for start-ups in terms of corporate governance, adaptability and digital competence. As for the Experiential Scheme, 15 NGOs will be subsidised to organise short-term experiential projects at entrepreneurial bases in Mainland GBA cities, with a view to enhancing Hong Kong young people's understanding of the entrepreneurial bases in Mainland GBA cities as well as the relevant policies and supporting measures on innovation and entrepreneurship in the Mainland. This will in turn assist them in considering their plans of settling in the relevant entrepreneurial bases and starting businesses therein in the future. For applications for or enquiries about the funded youth entrepreneurship / experiential projects, please refer to the thematic website “We Venture”.
Guangdong-Hong Kong-Macao Greater Bay Area The Guangdong-Hong Kong-Macao Greater Bay Area (Greater Bay Area) comprises the two Special Administrative Regions of Hong Kong and Macao, and the nine municipalities of Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen and Zhaoqing in Guangdong Province. Greater Bay Area brings invaluable new development opportunities to different sectors of the community, especially young people, in Hong Kong. For those planning for studying or working in the Greater Bay Area, please refer to the Greater Bay Area Outline Development Plan. Some youth-related policies and measures are highlighted as follows:. Education Encouraging young people from Hong Kong to study in Mainland schools Concessionary policies applicable to Mainland students such as transport and admission to tourist attractions will also be applied to Hong Kong students studying on the Mainland and holding Mainland Travel Permits for Hong Kong and Macao Residents. Career Pursuit Greater Bay Area Youth Employment Scheme The Greater Bay Area Youth Employment Scheme encourages enterprises with operation in both Hong Kong and the Greater Bay Area to recruit and deploy local university/ tertiary institution graduates to work in the Mainland cities of the Greater Bay Area. The Scheme will provide 2000 places, around 700 of which are designated for innovation and technology posts. Hong Kong residents holding bachelor degrees or above awarded by local universities/ tertiary institutions or universities/ tertiary institutions outside Hong Kong in 2019 to 2021 are eligible to join the Scheme. For details and job vacancies, please refer to website of the Scheme. Internship Programmes If you wish to gain deeper understanding of employment market, work culture and development opportunities on the Mainland, the Scheme on Corporate Summer Internship on the Mainland and Overseas, Thematic Youth Internship Programme and other internship programmes can let you have personal experience of actual workplace environment on the Mainland. Youth Exchange Guangdong-Hong Kong-Macao Youth Cultural Exchange Tour The Department of Culture and Tourism of Guangdong Province, Higher Education Bureau of the Macao Special Administrative Region and the Home Affairs Bureau of the Hong Kong Special Administrative Region jointly organise the Guangdong-Hong Kong-Macao Youth Cultural Exchange Programme. The Programme increases participants’ understanding of the young people and the cultures of the three places through exchanges, visits, seminars and other activities in Hong Kong, Macao and the Mainland. Tertiary students aged 18 to 35 are welcomed to join the Programme which is free of charge. For details and enquiries, please contact your institutions.