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Youth Start-up Internship Programme 2024 offers 200 Internship Positions

The Home and Youth Affairs Bureau partners with the Hong Kong Cyberport Management Company Limited (Cyberport) and Hong Kong Science and Technology Parks Corporation (HKSTP) to launch the Youth Start-up Internship Programme 2024, with a view to providing young people with internship opportunities at local start-ups and fostering their interest in pursuing a career in innovation and technology. In addition, the Programme also aims to help start-ups nurture talents and drive the development of the local innovation and technology related industries. Key Features The Programme offers 200 internship positions in total across various disciplines, such as data analysis, fintech, artificial intelligence, business development and marketing. Participating companies may engage interns in full-time, part-time or mixed mode. Each internship position will be entitled to a salary subsidy up to HK$11,200 per month provided by the Government. Participating students will be able to: .apply acquired knowledge to gain work experience;.develop and sharpen their specialised and transferable skills through participating in a series of training and entrepreneurship activities provided by Cyberport and HKSTP;.get an opportunity to visit start-ups in the Mainland cities of the Greater Bay Area to learn about the entrepreneurial ecosystem there;.gain a career head start in the innovation and technology related industries; and.build network with professionals and leaders in the start-up community. Eligibility .Hong Kong Permanent Identity Card holder or Hong Kong Identity Card holder aged between 18 and 30;.Full-time student from a local post-secondary or tertiary institution (including students of sub-degree, undergraduate and postgraduate programmes); and.Not a beneficiary concurrently under any publicly funded internship programme. Internship Period 3 to 6 months Application and Enquiries Interested young people should submit applications to companies online. Upon receipt of the applications, participating companies will conduct assessments and selection for implementing the internship arrangements. For more information, please visit the webpages of Cyberport and HKSTP.

Inno-dictionary: “Supply Chain”

“Incubators" & "Accelerators”   Definition: Supply chain refers to various units involved in the production and sales procedures, including raw material suppliers, producers, distributors, retailers and end consumers.   More information: With funding from the Innovation and Technology Fund, the Government of the Hong Kong Special Administrative Region founded the Logistics and Supply Chain MultiTech R&D Centre (LSCM) in 2006. Since its inception, LSCM’s mission has been to foster the development of core competencies in logistics and supply chain related technologies in Hong Kong, and to facilitate the adoption of these technologies by industries in Hong Kong as well as Mainland China. Please visit https://www.lscm.hk/ for further information.   Source: Talent.gov.hk, LSCM The “Inno-dictionary” series aims to facilitate startup newbies to understand the jargons related to entrepreneurship as well as innovation and technology.

Inno-dictionary: “Incubators" & "Accelerators”

“Incubators" & "Accelerators”   Definition: Incubators are organisations which help startups to overcome business challenges and achieve stable development by providing various assistance including mentoring and co-working spaces.   Accelerators refer to programmes that aim at assisting startups to achieve rapid business growth. They would usually provide assistance such as funding support and workshops to help startups to connect with large enterprises and attract investments.   More information: According to InvestHK’s 2021 Startup Survey, the total number of locations of co-working spaces, incubators and accelerators has doubled from 62 in 2017 to 124 in 2021 despite the challenges brought by the epidemic. For more information on incubation and acceleration programmes, please visit Startmeup.hk.   Source: Talent.gov.hk, Startmeup.hk The “Inno-dictionary” series aims to facilitate startup newbies to understand the jargons related to entrepreneurship as well as innovation and technology.

Inno-dictionary: "Series A, B Investments"

"Series A, B Investments"   Definition: Series A investment usually refers to the first investment a startup received from institutional investors after the stage of seed / angel investment.  The startup would have developed a product prototype at this stage, yet it may usually generate limited revenue or zero profit. Series B investment refers to the second investment received from institutional investors. The startup would usually expand its business or market share, and develop a better business and profit model. Nevertheless, the definitions of Series A and B investments vary across industries and areas, and may change according to market conditions.   More information: HKSTP Ventures and Cyberport Macro Fund provides investments to nurture early-to-growth stage startups. As announced in the 2021-22 Budget, $350 million and $200 million will be injected into the two Funds respectively and their scope will be extended to cover Series B and later stage investments. For more information on institutional investors, please visit Startmeup.hk.   Source: Innovation, Technology and Industry Bureau Facebook Page   Published by the Innovation, Technology and Industry Bureau Facebook Page, the “Inno-dictionary” series aims to facilitate startup newbies to understand the jargons related to entrepreneurship as well as innovation and technology.

Inno-dictionary: “Angel Investors”

“Angel Investors”   Definition: “Angel Investors” are people who provide angel investments to potential startups. Angel investors provide not only funding but also business networks and operational experiences and advices to startups.   Etymology: Why would the term “angel” be used for “angel investors”? The jargon “angel” originally comes from the Broadway theatre, which was used to describe investors for theatrical productions. In 1978, Professor William Wetzel in the U.S. began using the word “angel investors” to describe individuals who provide funding support for startups.   More information: Investment Matching Gatherings (IMGs) are held frequently by Hong Kong Science & Technology Parks and Cyberport to connect angel investors and entrepreneurs. For more information on angel investors, please visit Startmeup.hk.     Source: Innovation, Technology and Industry Bureau Facebook Page   Published by the Innovation, Technology and Industry Bureau Facebook Page, the “Inno-dictionary” series aims to facilitate startup newbies to understand the jargons related to entrepreneurship as well as innovation and technology.