Social Innovation is a force for social change. Social entrepreneurs develop and adopt effective solutions in addressing social needs in various ways, including product, platform, process and policy innovation.
Goods Co-share
Purchase daily necessities from suppliers in bulk volume to offer low-income families at a lower-than-market price
ABOUT
Year Established: 2017
Beneficiaries: Low-income families
| To solve the problem of wealth gap, we should start cut down the cost |
SOCIAL ISSUES
- The “financial subsidy” approach cannot effectively tackle the serious wealth gap problem in Hong Kong
- Due to the high price index, buying daily necessities becomes main financial burden to low-income families
SOCIAL INNOVATION
- The products sold in the programme will not be distributed for free, so that it can help to maintain the dignity of service users and avoid them being labelled
- Invent the first daily necessity vending machine to sell products in order to cut rental cost, packaging cost and advertising cost
EXCEPTED SOCIAL IMPACT
 | 3,260 grassroot families can purchase affordable daily necessities through pop-up stalls and vending machine |
 | 500 grassroot families will join the financial groups to learn the correct consumption pattern and enhance financial knowledge |
 | 8 low-income districts will be provided with daily necessities selling services |
 | 65 grassroot women will be provided with job opportunities |
BUSINESS MODEL
Goods Co-share generates revenue from in-app advertising whereas allowances will be paid to autistic youth
PROGRAMME CONTENT
Monthly pop-up stalls
Collaborate with district community organisations to encourage grassroot families buy daily necessities by bringing their own containers
Vending Machines
Invent the first “Goods Co-share” vending machine in Hong Kong and split the big portion wholesale products into small ones