S-KPF is a structured programme with seed funding and incubation services for CUHK academics to transform social innovation ideas into social enterprises, which are eventually supported by self-generated income, external investors and other funding sources. From nurturing ideas to developing a business canvas, competitive analysis and go-to-market strategy, we accompany teams in embracing challenges and opportunities in the early start-up stage, helping create values and social impact for a sustainable society.
Up to HK$600,000 for 2 years
S-KPF accepts all applications which align with funding objectives such as poverty alleviation, social inclusion and Sustainable Development Goals under the United Nations.
An S-KPF project may receive a maximum of $600,000 for up to two years, capped at $400,000 for the first year. Funding for the second year is subjected to performance of the project team in the first year and competition with other S-KPF applications. Unspent funding from the first year can be carried forward, upon successful application and approval in its second year.
Any eligible staff with a social entrepreneurial mindset who attempts to tackle social problems with his or her expertise through creative and sustainable business solutions.
A social enterprise can be defined as any business that targets a specific social mission. “Double Bottom Line” is often used to describe the unique nature of social enterprise which seeks balance between purpose and profit. Unlike ordinary social services, a social enterprise has a clear business model and needs to be self-sustainable. Yet, unlike an ordinary business entity, a social enterprise is driven by its social mission and strives to make impact in the society.