BUS I N ESS FOC U S
Young entrepreneurship & employment scheme in the GBA By David Wong, Head of Greater Bay Area Business Development
T
he Hong Kong Government has all along been supportive of
Young Entrepreneurship
youth innovation and entrepreneurship and we hope our young
There has been rapid development of youth entrepreneurial bases in the
people could aim high and explore opportunities beyond Hong
GBA in recent years, providing massive hardware and software support to
Kong. The development of the Guangdong-Hong Kong-Macao Greater Bay
innovative and entrepreneurial activities. Besides enjoying the concessionary
Area (GBA) will bring about opportunities for our young entrepreneurs.
policy initiatives introduced by various municipal governments in the GBA, Hong Kong young people who have successfully established a foothold
Youth Employment Scheme
can also benefit from the incubation and guidance services offered by the
The youth employment scheme is one of the measures announced by the
entrepreneurial bases in which they have established.
Chief Executive in the 2020 Policy Address. It aims to encourage and
These help reduce entrepreneurial risks. In view of this, the Hong Kong
support young people to work and pursue their careers in the Mainland
Government provides subsidy to NGOs in Hong Kong, so that the
cities of the GBA, help them understand the latest developments of both
NGOs may play the role of a guide and provide entrepreneurial support
Hong Kong and those cities and leverage the opportunities for career
and incubation services to Hong Kong young people who intend to start
advancement in the GBA. Under the scheme, enterprises with operations
their business in the GBA, including helping them settle in relevant
in Hong Kong and GBA Mainland cities are welcome to join the scheme
entrepreneurial bases. A list of these bases in the GBA can be found at:
to offer job vacancies. Participating enterprises shall employ the eligible
https://www.bayarea.gov.hk/filemanager/en/share/pdf/Entrepreneurship_
graduates locally under Hong Kong laws, and shall station the graduates in
bases_contact_infomation.pdf.
GBA Mainland cities to work and receive on-the-job training. The scheme provides 2 000 places, around 700 of which are designated for innovation and technology (I&T) posts.
Invest Hong Kong (InvestHK) is the department of the Hong Kong Special Administrative Region (HKSAR) Government responsible for attracting foreign direct investment (FDI), supporting overseas and Mainland businesses to set up and expand in Hong Kong. We provide free advice and customised services to help your business succeed in our vibrant economy. Our goal is to help businesses prosper and grow in Hong Kong. We partner with clients on a long-term basis and are available at any stage of their business development process. All our services are free and customised to clients’ needs, including information on business incorporation procedures, tax and business regulations, cost of business models, trade mark registration, IP and trade regulations, employment legislation, immigration requirements and information tailored to the individual company. Advice on housing, schooling, healthcare and business networking is also offered.
The Hong Kong Government will grant a monthly allowance of HK$10,000 to enterprises for each graduate employed for up to 18 months. To join the scheme, eligible graduates should be Hong Kong residents lawfully employable in Hong Kong and hold bachelor’s degrees or above awarded
InvestHK has an overseas network with representatives based in 32 cities worldwide and our highly professional teams provide seamless advice in the following Hong Kong priority sectors: Business & Professional Services; Consumer Products; Creative Industries; Financial Services; Financial Technology; Innovation & Technology; Startups & Entrepreneurs; Tourism & Hospitality and Transport & Industrial.
locally or by institutions outside Hong Kong from 2019 to 2021. Under the scheme, the graduates employed will receive a monthly salary of no less than HK$18,000. For I&T posts, eligible graduates, besides meeting the above-mentioned criteria, should possess degrees related to science, technology, engineering or mathematics subjects. They should work in both Hong Kong and GBA Mainland cities, with each location taking up
(852) 3107 1000 | enq@investhk.gov.hk | www.investhk.gov.hk
six to 12 months. For more details, please visit the scheme’s website: https://www1.jobs.gov.hk/0/en/ 6
