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Youth Development Fund

Youth Development Fund

The Youth Development Fund aims at supporting youth entrepreneurship and youth development activities through collaboration with non-governmental organisations (NGOs), including working with NGOs in the form of a matching fund to help young people start their own business. The Youth Development Commission rolled out in 2019 the Funding Scheme for Experiential Programmes at Innovation and Entrepreneurial Bases in the Guangdong-Hong Kong-Macao Greater Bay Area and the Funding Scheme for Youth Entrepreneurship in the Guangdong-Hong Kong-Macao Greater Bay Area. The schemes aim at subsidising Hong Kong NGOs to provide start-up assistance and incubation services that befit the needs of young people who are about to start their businesses in Hong Kong and Mainland cities of the Greater Bay Area, including helping them settle in entrepreneurial bases and further helping them meet their initial capital needs. As per the 2020 Policy Address, the YDC is invited to raise the funding of the current-round Funding Scheme for Youth Entrepreneurship in the Guangdong-Hong Kong-Macao Greater Bay Area, with a view to supporting more youth start-ups to strengthen their corporate governance, adaptability and digital competence.

Projects Details

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Funding Scheme for Experiential Programmes at Innovation and Entrepreneurial Bases in the Guangdong-Hong Kong-Macao Greater Bay Area

The scheme aims to subsidise non-governmental organisations (NGOs) in Hong Kong to organise short-term experiential programmes at the youth innovation and entrepreneurial bases in Mainland cities of the Greater Bay Area, with a view to enriching Hong Kong young people's understanding of the entrepreneurial bases in the Mainland cities of the Greater Bay Area, as well as the relevant policies and supporting measures on innovation and entrepreneurship in the Mainland. This will in turn assist young people to consider settling in the relevant entrepreneurial bases and starting businesses therein in the future.

List of funded organisations/projects

Funding Scheme for Youth Entrepreneurship in the Guangdong-Hong Kong-Macao Greater Bay Area

The funding scheme consists of two components, namely entrepreneurial support and incubation services, and start-up capital -

(a)the entrepreneurial support and incubation services component:the services component aims to subsidise non-governmental organisations (NGOs) in Hong Kong to offer deeper, broader, more specific and sustainable entrepreneurial support and incubation services for Hong Kong young people, including helping them settle in youth innovation and entrepreneurial bases in Hong Kong and/or Mainland cities of the Greater Bay Area; and

(b)the start-up capital component:this component aims to provide youth start-ups with seed funding through subsidising funded organisations in the form of a matching fund.

List of funded organisations/projects


We Venture

New!
To provide young people with more and detailed information about the organisations as well as programmes funded under the schemes, a dedicated website《We Venture》We Venture (www.weventure.gov.hk) is launched for general information.

Enquiry

Please call 3509 7018 or email to ydf@hab.gov.hk