A) SIE Fund Grant for “scale-up”, “growing” and “start-up” projects*:
| SIE Fund Grant Amount | Matching Fund Ratio (SIE Fund : Matching fund ^) | Project Duration |
|---|---|---|
| HKD300,001 – HKD900,000 | 2:1 (Half of the SIE Fund grant amount) | 1-3 years Only applications with a duration of 18 months or less are eligible for the remaining cohorts. |
| Over HKD900,000 with no funding cap | 1:1 (same as the SIE Fund grant amount) |
^Matching funds exclude SIE Fund and all other HKSAR Government funding. It includes cash or in-kind sponsorship from local and overseas private donors, foundations and/or private investors. In-kind sponsorship generally refers to sponsorship of rental, equipment, talent and certain types of intellectual property. Hence, the applicant should submit relevant documents to support any valuation of the in-kind matching fund. The matching fund amount will be subject to relevant terms and conditions and will be confirmed after approval.
B) SIE Fund Grant for “late prototype” projects*:
For first and second cohort application (April - May and June - August 2023) ONLY
| SIE Fund Grant Amount | Project Duration |
|---|---|
| Up to HKD300,000# | 12-18 months |
Note: Matching fund is not required.
#If your budget exceeds HKD200,000, an in-person interview will be conducted.
*Reference descriptions:
| Late prototype^ | A social project or social enterprise with a solid prototype that has been “alpha-tested”. The project’s owner/founder intends to commercialise and launch the late prototype to market. |
| Start-up | A social project or social enterprise whose late prototype has already been tested and launched to market. The project’s owner/founder has a tested revenue or business model to support the project. |
| Growing | A social project or social enterprise which has demonstrated a track record in operational performance and social impact with recurring income. There is potential for steady growth. |
| Scale-up | A social project or social enterprise which has already demonstrated impact and financial sustainability. The project’s owner/ founder has a commercial framework to further develop and scale the business. |