Impact Innovation Lab (The Lab) is now calling for applications for the Second Cohort! Organised by MakerBay Foundation and funded by The Social Innovation and Entrepreneurship Development Fund (SIE Fund), Impact Innovation Lab helps social innovation startups achieve their visions of alleviating poverty and promoting social inclusion, while raising public awareness on social innovation. The Second Cohort consists of three parts: Elementary Training, Seed Funding Application and 6-month Incubation Period. 

Applicants will participate in Maker Skills Workshops, Bootcamp and Weekly Tutorial Courses, covering various aspects of social innovation. The highlighted training – Bootcamp is themed “Golden Year Life”, participants will first join experiential activities to understand different needs of local elderly, then learn and experience the process of starting a social innovation project. Through hybrid learning and training, participants will be able to build a solid foundation with the essential skills needed to run social innovation projects as well as an entrepreneur mindset. The Funding Application will start accepting proposals in November 2023. Awarded projects will receive up to $100,000 in seed capital, and enter a six-month incubation period to actualise their visions step by step. 

Applications for the Elementary Training of Cohort 2: 25th September (HKT 17:00)

(“ Enroll now” and click “Start Learning” to get the instruction to active account on our online platform. Your registration will be confirmed only when you complete your profile on the platform.)

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

 

Schedule of Cohort 2

Application for Elementary Training
Online Application	From now till 25 September (HKT 17:00)
Elementary Training
Briefing & Introduction of Social Innovation	3 October evening
Maker Skill Workshop (Free to choose 2)	5 – 9 October
Experiential Activities (Free to choose 1)	10 – 13 October evening
Bootcamp	14 – 15 October
4 Weeks for Project Development
Weekly Tutorial Sessions	21 October, 28 October, 4 November morning (Online)
Mentoring Session	11 November (Face-to-face)
Seed Funding Application
Online Application	1 November (HKT 12:00) – 20 November (HKT 17:00)
Interview
First Pitch (Eligible teams will be invited to present their projects)	Early December (Saturday or Sunday)
Final Pitch (Teams being shortlisted after the First Pitch will be invited to present their projects)	Mid December (Friday)
Implementation
Announcement of Awarded Teams	Late December
6 months Incubation	1 March 2024 – 31 August 2024

 

 Evaluation Criteria

Idea’s Innovativeness	15%
Social Impact	20%
Project Readiness	30%
Business Model and Market Analysis	20%
*Commitment (Applicants reached 70% attendance of Elementary Training will receive a full score of “Commitment”)	15%

 

For the details and FAQ, please refer to the official website: https://makerbay.net/impact-innovation-lab/

For enquiries or suggestions, please call our hotline (852) 4638 0364 or email us at thelab@makerbay.org.

Stay tuned by following us on social media:

Facebook: https://www.facebook.com/ImpactInnovationLab/  

Instagram: https://www.instagram.com/impactinnovationlab/