For immediate release
HKBN Talent CSI Fund Launches Two Youth Funding Initiatives
Breakthrough model integrates capital, networking and knowledge for holistic
support
(Hong Kong - 15 June 2021) Sharing the disruptive DNA of HKBN Group, HKBN Talent CSI Fund ("CSI Fund"), an independently operated charity, today announced the launch of two game-changing social funding initiatives: "404 Not F_und?" and "Zero to Hero Fund". The former encourages youths to unleash their boundless creativity without fear of failure, while the latter helps youths blaze their own future by upgrading work skills, resilience and/or technological capabilities. Besides providing capital support, the CSI Fund will also match the needs and goals of selected projects with the resources and strengths of HKBN Group and its broad network of partners, to ensure their success.
404 Not F_und?: A chance for youthful creativity to shine
Social funding programmes which assess applications based on the likelihood of success, rather than on innovation,= have a knock-on effect of stifling creativity and outside-the-box ideas among youths, who typically lack the resources to even try. CSI Fund's "404 Not F_und?" initiative works differently, prioritising creativity and personal growth by giving youths aged 16 to 29 everything they need - networking, experience and capital - to turn the most outlandish ideas into reality. Accepting applications starting today, CSI Fund will grant up to HK$100,000 in support for each selected project, regardless of success or failure. This way, youths will gain invaluable experiences through the journey, building a solid foundation for future development and success.
Zero to Hero Fund: Supercharging youth support in partnership with SPOs
To massively scale up support throughout the communities, CSI Fund's "Zero to Hero Fund" will sponsor social profit organisations (SPOs) in various innovative and scalable projects aimed at upgrading skillsets and capabilities of youths. Starting today, SPOs can submit applications to receive HK$2 million over a two-year period (up to HK$1 million per year). In addition to funding, CSI Fund will work closely with each organiser for the project's duration, leveraging HKBN Group's technology resources and its network of business and community partners for maximum impact.
CY Chan, Chairman & Director of HKBN Talent CSI Fund, said, "The creativity and inventiveness in youths never ceases to amaze. As a society, we should provide our young talents with the resources and encouragement to dream big! These new initiatives will provide the much needed capital and a robust support network to help our young talents turning their ideas into reality. By working with SPOs, our investments can empower more youths to grow, learn and be inspired ."
For more details about the new funding initiatives under CSI Fund, please visit:
404 Not F_und?":www.csifund.org/en/404notfundZero to Hero Fund:www.csifund.org/en/zerotoherofund
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Summary of "404 Not F_und?" and "Zero to Hero Fund"
Items | 404 Not F_und? | Zero to Hero Fund | |||||
Funding target | Youths | Social | profit | organisations | |||
(Organisations | that | create | social | ||||
benefits and value such as non-profit | |||||||
organisations, | charities and | social | |||||
enterprises) | |||||||
Project funding | Up to HK$100,000 per project | Up to HK$2 million (for two years, up to | |||||
amount | with a maximum of six projects | HK$1 million per year) | |||||
per year (each project must be | |||||||
completed within four months) | |||||||
Project target | To innovatively improve work skills, resilience and/or | ||||||
technological capabilities of youths | |||||||
Project | • Applicants must be Hong | • Project beneficiaries must be | |||||
requirements | Kong residents aged 16 to 29 | youths aged 6 to 29 | |||||
• Applicants must be in a team | • Applying organisations are | ||||||
of at least two members | responsible for planning and | ||||||
executing the whole project and | |||||||
coming up with a methodology to | |||||||
measure effectiveness | |||||||
Application | 15 June to 31 December, 2021 | 15 June to 30 July, 2021 (by 5pm) | |||||
period | (by 5 pm) | (Briefing session will be held on 29 | |||||
(Applications will be in three | June 2021. Register here: | ||||||
rounds: | https://forms.office.com/r/qqmGeiiCrD) | ||||||
1st round - 15 - 30 June 2021 | |||||||
2nd round - 13 - 30 September | |||||||
2021 | |||||||
3rd round - 13 - 31 December | |||||||
2021) | |||||||
Website | www.csifund.org/en/404notfund | www.csifund.org/en/zerotoherofund | |||||
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HKBN Ltd. published this content on 15 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 June 2021 06:37:00 UTC.