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The Social Innovation and Entrepreneurship Development Fund (SIE Fund) has appointed four organisations as the third batch of intermediaries in 2023 to run a new round of innovative programmes to provide support for more social entrepreneurs. By promoting social innovation and entrepreneurship, it enables more social entrepreneurs to address social needs through innovative ideas, products and services, and assists the Government in formulating targeted poverty alleviation initiatives. The four intermediaries appointed are Fullness Social Enterprises Society Ltd, the Hong Kong Council of Social Service, MakerBay Foundation Limited and Oxfam Hong Kong.The four intermediaries are knowledgeable and experienced organisations in the social innovation field. They aim to nurture and support social innovators and organisations to develop innovative projects with diversity and impact through the following innovative programmes. Individuals and organisations with innovative ideas in addressing poverty issues and wish to seek financial support to implement innovative projects may learn more by clicking the below logos and approach the intermediaries running innovative programmes directly and submit applications under their funding schemes.Wish to compare the four innovative programmes in one go? Do not miss the Programme at a glance, a clear comparison table highlighting the eligibility, amount of grant and uniquite features of the prorgammes. Innovator FarmImpact IncubatorImpact Innovation LabGrant for Good

According to the 2021 Startup Survey released by Invest Hong Kong, Hong Kong's startup ecosystem remains vibrant despite the ongoing economic challenges of the global pandemic. Let’s go through the survey results. 1. Record high in the total number of startups The overall number of startups in the city reached a record high of 3,755, up 68% over 2017. 2. Number of employees recruited by startups bounced back The number of staff hired by startups in 2021 surged 29% to 13,804 persons, despite a year-on-year drop of 14% was recorded in 2020. 3. Continuous growth in locations of co-working spaces/incubators/accelerators Since 2017, the number of co-working spaces/incubators/accelerators has doubled, up from 62 to 124 in 2021. 4. Increase in non-local talents In 2021, the percentage of non-local startup founders has increased 2% to 28%. 20.5% of them were from Mainland China. 5. Most startups are engaged in the financial technology sector The financial technology sector ranks the top in terms of number of startups in 2021 with 472 such companies. The continued rise of digital behaviour has also fuelled specific startup growth in sectors such as the e-commerce and supply chain & logistics technology sector, in which the number of startups companies in the sector has increased from 385 in 2020 to 432 in 2021. Interested in starting your own business in one of the fast-growing industries? Here below are some useful resources: Startup How-Tos: How to prepare for my entrepreneurship? Startup How-Tos: Three pillars of e-commerce   Reference: Invest Hong Kong’s 2021 Startup Survey