Approved projects will benefit from a ‘7 Pillars Incubation Package’ which equips social entrepreneurs with the necessary skills and knowledge to better implement their project ideas.
SKILL-BASED TRAINING AND NETWORKING
The Impact Incubator regularly organises a series of business clinics, social innovators’ networking sessions and tutorial classes. Incubatees and the general public can participate in these sessions. Through the participation in these sessions, social entrepreneurs and project practitioners can benefit from mutual sharing of experience and knowledge with our partners and other participants.
Based on our incubatees’ specific needs, the Impact Incubator will organise essential business skills training. These generally comprise legal, accounting and financial management, and marketing knowledge.
Social Innovators’ Networking Sessions
The latest trends and information of selected topics will be shared during the social innovators’ networking sessions. Incubatees, NGO practitioners, social policy practitioners and other related stakeholders will be invited to join these exchange sessions to share their observations and new solutions. Through these networking sessions, we also aim to connect incubatees to useful resources and business partners.
These tutorial classes allow incubatees to better understand the progress reports and financial reporting requirements and format, as required by the SIE Fund every six months. These classes will share specific insight.
*It is compulsory for incubatees to attend at least one business clinic or one social innovators’ networking session, and one tutorial class during the funding period.
TAILOR-MADE CONSULTATION SUPPORT
Tailor-made consultation support will be provided to incubatees. Experienced business and sector consultants will offer strategic advice and hands-on solutions. Approved late prototype projects will benefit from 20 hours’ consultation support. Approved projects at start-up, growing and scale-up stages will benefit from 50 hours’ consultation support.
Support from Impact Incubator team
The Impact Incubator team will offer not only administrative support but also specific consultancy services, particularly on project structuring and management.
IMPACT ASSESSMENT SUPPORT
There will be regular social impact assessment workshops. It is compulsory for incubatees to attend these workshops, so that they will understand more about their projects’ social impact and gain overall knowledge about social impact assessment. We will also compile an impact assessment question bank and implement an impact assessment support scheme for our incubatees. Through participating in these activities, incubatees will understand how to present their projects’ impact to their stakeholders.
NETWORKING WITH FUNDERS AND INVESTORS
There will be a pitching event each year, with potential funders / investors invited as panel judges. Selected incubatees will be invited to pitch their projects to the panel. Hence, incubatees will receive relevant advice and suggestions from the panel to improve their projects.
PRO-BONO AND LOW-BONO BUSINESS SUPPORT SERVICES
We have an extensive network of corporations and professional organisations who are eager to offer business advice to incubatees. We also have strong connections with industry experts which can refer useful connections to incubatees.
PROJECT MANAGEMENT SUPPORT
The Impact Incubator team will provide constant support and tutorial classes to the incubatees. Based on incubatees’ specific needs, we will aim to refer incubatees to useful resources, such as company secretarial services, audit firm and other relevant business networks.
MEDIA AND MARKETING
Suitable incubatees may be featured in the HKCSS Channel, which will be shared with our members, partners and collaborators. We will also invite suitable incubatees to attend various events organised by HKCSS and the SIE Fund Secretariat to present their projects and exchange with other related stakeholders. We will also share incubatees’ key features and updates with our major partners, either via our website or other on-line channels.