With a passion of fostering the entrepreneurial spirit among young people and unleashing potential for innovation and entrepreneurship in Hong Kong, we established a HK$1 billion fund to invest in promising young companies with breakthrough businesses and technologies in the start-up, growth and expansion phases of a company life cycle.
Key details
Grant type
Seed Funding
Application submission type
Unspecified
Expected processing time
1 months
Eligibility
Categories
Public and Societal BenefitHuman Services
Target beneficiaries
Youth (age between 15-24)Other
Other beneficiary
Entrepreneurs/Start-up businesses
Areas of focus
EntrepreneurshipInnovationStartup RelatedEducationBrand DevelopmentBusiness Development
Grant conditions & requirements
Criteria:
1. A majority of business founders are Hong Kong permanent residents; or
2. The meaningful operations of the company are carried out in Hong Kong.
3. Your business has moved beyond the brainstorming phase and has customers or a prototype or a viable product; or
4. Your company possesses innovative and unique business ideas that are scalable, financially viable and have high potential to grow, preferably by utilizing resources from the Alibaba ecosystem; or
5. Your business is disruptive to an existing industry or has the potential to create efficiencies or deliver enhanced user experiences.
