Deadline: December 29, 2023
Applications are open for the MakerBay Foundation Impact Innovation Lab Cohort 3. As an incubator, The Lab aims to help participants execute social innovative projects to alleviate poverty and promote social inclusion.
Impact Innovation Lab is organised by MakerBay Foundation and funded by The Social Innovation and Entrepreneurship Development Fund (SIE Fund). The Third Cohort consists of three parts: Elementary Training, Seed Funding Application and 6-month Incubation Period. During Elementary Training, participants will take part in a series of on-site and online events, such as Maker Skills Workshops, Idea Generation & Prototyping Bootcamp, and Online Tutorial Sessions to build an entrepreneurial mindset. Lessons cover not only social innovation theories but also prototyping skills, which include woodworking, 3D printing, laser cutting, AI and no code technologies. Through these maker skills, participants can make physical or digital prototypes to test their solutions.
Benefits
- Not only will participants receive all-around support in training, consulting, resources from a makerspace, and commercial referrals, but they will also have a chance to receive seed funding up to HK$100,000 to actualise their visions step by step.
Eligibility
- Permanent Residents of Hong Kong aged 18 or above;
- Interested parties can join the activities and training sessions individually and form a team of 1 to 5 members for seed funding application. The proposal should be related to local poverty alleviation and social inclusion, and the target beneficiaries are members of the public in Hong Kong who are generally residents of Hong Kong without conditions of stay.
Evaluation Criteria
- Idea’s Innovativeness – 15%
- Social Impact – 20%
- Project Readiness – 30%
- Business Model and Market Analysis – 20%
- Commitment – 15%
Application
Applications for the Elementary Training of Cohort 3: By 29th December (HKT 17:00)
For more information, visit MakerBay Foundation.
