Youth Development Fund
The Youth Development Fund aims at supporting youth entrepreneurship and youth development activities through collaboration with non-governmental organisations (NGOs), including working with NGOs in the form of a matching fund to help young people start their own businesses. In 2019, the Youth Development Commission (YDC) rolled out the Funding Scheme for Youth Entrepreneurship in the Guangdong-Hong Kong-Macao Greater Bay Area (Entrepreneurship Scheme) and the Funding Scheme for Experiential Programmes at Innovation and Entrepreneurial Bases in the Guangdong-Hong Kong-Macao Greater Bay Area (Experiential Scheme) under the Youth Development Fund. The Entrepreneurship Scheme aims at subsidising Hong Kong NGOs to provide entrepreneurial support and incubation services to Hong Kong young people who are interested in starting their businesses in Hong Kong and Mainland cities of the Greater Bay Area (GBA), including helping them settle in entrepreneurial bases and providing them with start-up capital. Meanwhile, the Experiential Scheme aims at subsidising NGOs to organise short-term experiential programmes for Hong Kong young people to visit the entrepreneurial bases in the Mainland cities of the GBA.