The Home & Youth Affairs Bureau and the Youth Development Commission today jointly launched new rounds of the Funding Scheme for Youth Entrepreneurship in the Guangdong-Hong Kong-Macao Greater Bay Area and the Funding Scheme for Experiential Programmes at Innovation & Entrepreneurial Bases.

Both funding schemes are under the Youth Development Fund. Eligible non-governmental organisations (NGOs) are invited to submit applications.

In his 2023 Policy Address, the Chief Executive emphasised that the Government would sustain its efforts in promoting youth development and continue to implement and enhance the Youth Development Blueprint, encouraging and supporting Hong Kong youth in pursuing innovation and entrepreneurship.

The Funding Scheme for Youth Entrepreneurship in the Guangdong-Hong Kong-Macao Greater Bay Area subsidises NGOs to implement youth entrepreneurship projects.

It provides young people who are interested in starting their businesses in Hong Kong and the Mainland cities of the bay area with startup capital as well as entrepreneurial support and incubation services, so as to assist them to tackle the difficulties they encounter during the inception stage and support them through the establishment and development of their businesses.

The scheme's application deadline is June 7.

Separately, to further encourage young people to explore entrepreneurial opportunities in the vast Mainland market, the scope of the Funding Scheme for Experiential Programmes at Innovation & Entrepreneurial Bases has been expanded from the bay area cities to all provinces and municipalities on the Mainland.

It provides a subsidy for NGOs to organise experiential programmes at innovation and entrepreneurial bases on the Mainland, so as to enable Hong Kong young people to gain a deeper understanding of the innovation and entrepreneurial bases and the relevant policies and support measures on innovation and entrepreneurship on the Mainland. This will in turn facilitate their consideration of settling in the relevant entrepreneurial bases in future.

Applications for this scheme close on May 17.

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