Hong Kong Social Enterprise Challenge (HKSEC)
- Since 2007
- 0 Years
- 0 Participants
- 0 Institutions
- 0 Social Venture Plans
Stages of Competition
All teams will summarize the social need and the social venture model to address it in a set of documents, including Executive Summary, Concept Deck, Lean Canvas and Appendices.
Semi Final teams will be invited to write up their detailed social venture plans and pitch their ideas before a panel of judges.
8 Final teams will then be selected to compete for the 4 awards.
All Semi Final teams will be eligible to compete for the Best Presentation (Semi Final) award.
In the Grand Final, judges will select two Champion teams and two 1st Runner-ups teams. Other awards include Best Presentation, Most Innovative Idea and Timely Impact Award (one team each). Starting from 2020, the Timely Impact Award with a total amount of HK$50,000 will be given to the team with the business idea that is most relevant in addressing a current challenge of Hong Kong in the particular year.
The Champion and 1st Runner-up Teams will be awarded a startup prize money that will enable them to implement the first phase of their business plan for their social enterprise under mentorship. Each member of the two Champion Teams will receive a Startup Award of $75,000, while members of the 1st Runner-up Teams will receive $37,500 each.
In addition, the Intellectual Property Department of the HKSAR Government will sponsor the winning team of the Social Ambassador IP Award to join the Youth Co:Lab Summit which is organized by the United Nations Development Program (UNDP).