More and more people are interested in starting a business. Where can I provide relevant support? It turns out that the government has a series of funding schemes and consulting services to support the development of entrepreneurs in an all-around way. This article will summarize free resources for starting a business to help aspirants prepare for the path to starting a business.
The Hong Kong government has been promoting the development of local businesses. In the early stage of entrepreneurship, in the absence of sufficient funds and contacts, GovHK provides a number of subsidy programs to provide fund-raising support for local enterprises.
Including the Innovation and Technology Fund, the Patent Application Funding Scheme, the Social Innovation and Entrepreneurship Development Fund (Social Innovation Fund), etc., to help aspirants inject more funds into their businesses, encourage and assist the development of Hong Kong enterprises, entrepreneurs can go to the “Hong Kong Government One”. Get to know the website, choose the funding plan that suits you, and provide free business consulting services.
2. SUCCESS Small and Medium Business Support and Consultation Center
The “Small and Medium Enterprises Support and Consultation Center” under the Trade and Industry Department provides information on entrepreneurship for those who are interested in starting a business. At the same time, there is a counseling service to help them meet with experts with rich business knowledge for further consultation.
Moreover, under the premise that many entrepreneurs have a feasible business plan, but suffer losses due to capital turnover, the agency cooperated with ACCA (Association of Chartered Certified Accountants) Hong Kong Branch to compile a simple “startup budget analysis table” for entrepreneurs. , to assist in estimating the capital required for opening, profitability, payback period, balance sheet, and factors that may affect the financial position (such as turnover, rent, profit margin, expenses, inventory and credit period, etc.).
Although the analysis table is for reference only, it can help to evaluate the feasibility of the business. Those who are interested can go to “SUCCESS – Startup Budget Analysis Table” for detailed reading.
3. Hong Kong Youth Association
Since 2005, the Hong Kong Federation of Youth Groups and the Jockey Club has continuously cooperated to launch a one-stop entrepreneurial support project “Hong Kong Youth Entrepreneurship Project”, allowing the young generation between the ages of 18 to 35 who are interested in starting a business to explore new directions beyond traditional employment. Provide a variety of services to help them realize their entrepreneurial ideas.
Under the plan of the association, various gatherings are regularly arranged to expand the business network. In addition, institutions and entrepreneurial mentors have launched a number of incubation/training programs to help entrepreneurs provide start-up funds and will also find business resources such as office space for them to reduce the capital burden in the early stage of entrepreneurship.
4. Y.E.S. Youth Employment Start
In the 2006-2007 Policy Agenda, the Government spearheaded the establishment of the Youth Employment Resource Centre, now called “Youth Employment Beginnings” (Y.E.S. for short), to provide a one-stop-shop for students, self-employed and entrepreneurial youth aged 15-29. value-added training and entrepreneurial support services.
In order to assist business members in self-employment business and enhance their ability to develop continuously, all those who operate self-employed businesses and have a business registration certificate in their own name can apply to become business members and use related services and facilities, including business workshops, business Conference rooms, professional design bases, and professional consulting services, etc.
The above information is for reference only. If you have any questions about entrepreneurship, labor law, or accounting, we welcome your inquiries.