“Start Up’ and ‘Scale Up’ projects will be required to solicit not less than 50% of total budget as matching fund before application. Impact Incubator establishes Good Impact Fund as a collaborative matching fund which leverages local and overseas financial resources from private donors, foundation and social investors for project matching. Matching Fund* can be in cash and / or in kind subject to approval by HKCSS / JVC / PAC taking into account terms and conditions imposed by / business nature of the funder which should be consistent with / have no conflict with the objectives of the SIE Fund and prevailing government policy.
Matching Fund in kind should be converted to monetary value for matching purpose and SIE Fund Task Force shall have the sole discretion to determine the final valuation. Prior written approval of the Trustee is required for accepting the matching fund.
*Matching Fund excludes SIE Fund and all other Government funding. It can be in-cash or in-kind. The matching fund amount will be subject to relevant terms and condition and prior approval.