If you have started a business in the innovation and technology field with a desire to enter the Mainland or Asian markets, it is your chance to step up by enrolling the “Start-up Express 2021” launched by the Hong Kong Trade Development Council. Your startup is eligible to apply “Start-up Express 2021” if it: has been established for less than five years; has raised less than US$10 million in funding; and has core or substantial operations in Hong Kong with a focus on eight types of innovation and technology listed below: 40 start-ups shortlisted will be able to join a series of capacity building workshops to grasp latest market intelligence and essential business skillsets. Finalists will be invited to present their entrepreneurship idea at the final pitching and Q&A contest. 10 winning start-ups will have the opportunity to participate in exploratory mission to start-up hubs, local and overseas trade promotions etc. Winning start-ups will also benefit from power meet‐ups with business leaders and extensive media coverage. One-on-one business matching meetings will also be provided to explore business opportunities with potential investors and partners. The application of “Start-up Express 2021” will be closed on May 12. For eligibility and application method, please visit the official website.
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:
Co-working Space LocatorMore
Apart from capital and social networks, young people may also need office space or studio to launch their businesses. In recent years, many young entrepreneurs prefer to develop their business in a co-working space. Paying heed to their own needs and budget, young people can choose a suitable one from the many co-working spaces across the territory.