About Course
Impact Innovation Lab is Now Accepting Applications for Third Cohort!
Impact Innovation Lab (The Lab) accepts applications for the Third Cohort from today until 29th December 2023! As an incubator, The Lab aims to help participants execute social innovative projects to alleviate poverty and promote social inclusion. 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 $100,000 to actualise their visions step by step. 10 projects from the First Cohort have been selected to be awarded Seed Funding in October 2023.
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.
Applications for the Elementary Training of Cohort 3: By 29th December (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. 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
Schedule of Cohort 3
| Application for Elementary Training | |
| Online Application | From now till 29th December 2023 (HKT 17:00) |
| Elementary Training | |
| Introduction of Social Innovation & Briefing Session | 5th January evening 2024 |
| Maker Skill Workshop (Free to choose 2) | 8th to 13th January 2024 |
| Experiential Activities (Free to choose 1) | 15 to 18th January 2024 evening (Face-to-face) 19th January evening (Online) |
| Bootcamp | 20th to 21st January 2024 |
| 4 Weeks for Project Development: 3 Weekly Tutorial Sessions & Mentoring Session | |
| Weekly Online Tutorial Sessions | 28th January, 3rd February (morning) 7th February 2024 (night) |
| Mentoring Session | 17th February 2024 (Face-to-face) |
| Seed Funding Application | |
| Online Application | 1st February (HKT 00:00) – 21st February 2024 (HKT 17:00) |
| Interview | |
| First Pitch (Eligible teams will be invited to present their projects) | Early March 2024 (Saturday or Sunday) |
| Final Pitch (Teams being shortlisted after the First Pitch will be invited to present their projects) | Late March 2024 (Friday) |
| Implementation | |
| Announcement of Awarded Teams | Early April 2024 |
| 6 months Incubation | June 2024 to December 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.
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Course Content
Social Innovation Exploration Series & Information Session of Cohort 3
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Social Innovation Exploration Series & Information Session
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