Have you encountered operational difficulties in running, sustaining or scaling a small business or social enterprise? The Small Business Advancement Scheme (SBA Scheme) is designed to help participating small businesses and social enterprises address their operational challenges and improve their efficiency through support provided by industry experts and retired senior managers.
What can you get from joining this program?
- 6 skills-based training sessions
- 6-month acceleration program
- 6 months of free consultation sessions delivered by mentors and industry experts
- Retired senior managers will help implement business plans
- HK$ 4,000 subsidy for business plan implementation
Three major objectives:
- Gain an understanding of the challenges of small businesses, especially in terms of sustaining and growing their operations
- Provide sustainability programs for small businesses
- Build up a viable ecosystem for the development of small businesses
It targets to help small businesses in the Kowloon district to sustain and grow their operations as well as increase their revenue.
The SBA Scheme launches in March 2017, and is a program for small businesses with less than 10 full-time staff. Skills-based training workshops will be organized for 30 small businesses, while 20 selected small businesses can join the acceleration program.
Businesses that are: (1) registered in Hong Kong under the Business Registration Ordinance; (2) social enterprises issued a certificate of incorporation; or (3) any charitable institution or trust of a public character that is exempt from tax under section 88 of the Inland Revenue Ordinance can join the Scheme if they fulfill the following definition of a small business: Any business that employs fewer than 10 full-time workers in Hong Kong.
The number of full-time employees includes individual proprietors, partners and shareholders actively engaged in the work of the business, as well as the salaried full-time employees of the business directly paid by the business, both permanent and temporary.
Businesses need to be registered and established in Hong Kong for more than 1 year. Date of establishment refers to the date a business was first registered with the Business Registration Office of the Inland Revenue Department or the date on which the business was incorporated with the Companies Registry.
Priority will be given to small businesses located in the Kowloon district.
Priority will be given to the small businesses stemming from the catering, retail and services industries.
The Hong Kong Council of Social Service (HKCSS) will conduct a preliminary assessment of all applications and submit recommendations to the Vetting Committee for final decisions. During that period, HKCSS might seek clarification or supplementary information from applicants. Applicants may be required to attend an interview to introduce their enterprise’s background and operations, as well as answer any questions from the Vetting Committee.
- Identify and present challenges clearly (35%)
- Commitment of the applicant towards the scheme (30%)
- Execution (20%)
- Community or social impact (15%)
Skills-based training workshop (II)
Topic: Accounting and Financial Management essential for small businesses
Date: 31 July 2017 (Monday)
Time: 10:30am - 12:30pm
Venue: Room 201, 2/F, Duke of Windsor Social Service Building, 15 Hennessy Road, Wanchai
Please click here to enrol by 24 July 2017.
- Hong Kong Small and Medium Enterprises Association
- Hong Kong Social Enterprise Challenge
- Innovative Entrepreneur Association
- The Hong Kong Federation of Youth Groups – YBHK
- The Hong Kong General Chamber of Small and Medium Business
- The Hong Kong Management Association
- Youth Entrepreneur Warrior
Terms and conditions
- Staff of the Hong Kong Council of Social Service is not allowed to apply
- The Hong Kong Council of Social Services reserves the right to terminate or pause the application
The Hong Kong Council of Social Service reserves the rights on final decision on interpreting of above terms and conditions.