HKFYG-Youth Hong Kong V6N1 - OnlineVer

a quarterly journal from the hongkong federation of youth groups
March 2014
Volume 6 Number 1
Youth
HONG KONG
Qianhai
incubating ideas accelerating entrepreneurship
YOUTH HONG KONG published quarterly by The Hong Kong Federation of Youth Groups EDITORIAL BOARD Rosanna Wong Elaine Morgan (Editor) Ada Chau (Assistant Editor) Angela Ngai Lakshmi Jacot William Chung Henry Poon CIRCULATION (unaudited) 11,000-12,000 in Hong Kong, throughout the region and overseas VIEWS EXPRESSED are the authors and interviewees' may come from official sources, and do not necessarily reflect the views of the editorial board or publisher REPRODUCTION OF CONTENTS without written permission from the publisher is prohibited INTERVIEWS Elaine Morgan Ada Chau OTHER CONTRIBUTORS Chun Yu-yiu Pradyumn Dayal Bonnie Chiu Lakshmi and Shakti Jacot Jimin Kang Education Post HKFYG unit staff TRANSLATION Henry Poon Ada Chau PHOTOGRAPHS Cover image by Fortune Live Media. Other photographs by Elaine Morgan, Berton Chang/SCMP, acknowledged as captioned, or in public domain. ARTWORK Sam Suen, DG3 DG3 Asia Ltd ISSN 2071-3193 WEB youthhongkong.hkfyg.org.hk CORRESPONDENCE to The Editor, Youth Hong Kong, 21/F, The Hong Kong Federation of Youth Groups Building, 21 Pak Fuk Road, North Point, Hong Kong TEL 3755 7084, 3755 7108 FAX 3755 7155 EMAIL youthhongkong@hkfyg.org.hk ADVERTISING enquiries to Ada Chau 3755 7108 THE HONG KONG FEDERATION OF YOUTH GROUPS was founded in 1960 and is one of the citys largest non-profit youth organizations. Its programmes and activities at over 60 locations are attended by 5 million participants every year. CORE SERVICES Counselling, Creativity Education & Youth Exchange, e-Services, Education Services, Leadership Training, Leisure, Cultural & Sports Services, Parent-child Mediation, Research & Publications, Services for Youth at Risk, Volunteer Services, Youth Employment, Youth SPOTs, www.hkfyg.org.hk, www.m21.hk MEDIA PARTNER Education Post
http://www.flickr.com/photos/fortunelivemedia/9346574807/
4
OVERVIEW
Another Choice Another Opportunity
Youth
Hong Kong
March 2014 Volume 6 Number 1
Contents
INTERVIEWS
Director General Zhang Bei Authority of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone of Shenzhen
http://www.flickr.com/photos/oldonliner/3452964172/ http://www.flickr.com/photos/loudtiger/4631255798/ http://www.flickr.com/photos/jamesdphotography/4299580067/
6-13
14-23
YOUTH SPEAK
Boosting entrepreneurs Youth Business Hong Kong Theodore Ma: CoCoon
DESIGN, LAYOUT & PRINTING
20-29
YOUTH WATCH
Asian incubators and accelerators China, India Indonesia, Korea Philippines, Singapore, Taiwan , Thailand, Vietnam
by Old Onliner
30-43
PERSPECTIVE
Ada Wong: The Good Lab
44-49
FEATURES
Women Waste Music
by loudtiger
The cover image is of a Chinese yoyo ( ch lng)
OVERVIEW 4 Another choice another opportunity INTERVIEWS 8 Qianhai entrepreneurial hub Mr Zhang Bei, Director General, Authority of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone YOUTH SPEAK 14 Grasping opportunities in Qianhai Young entrepreneurs and a business student respond 15 Youth Business Hong Kong Boosting entrepreneurs 16 Shirley Mak: InnSight 17 Gary Hui & Xavier Tsang: BeCandle 18 Ronnie Cheng: Lab Made Barry Chen: Shenzhen Haochuang Investments 19 Invigorating entrepreneurship Theodore Ma: CoCoon 21 Hong Kong incubators 22 Education Post Young designer with a business mind YOUTH WATCH 24 Asian incubators and accelerators PERSPECTIVE 27 Ada Wong: The Good Lab with Chun Yu-yiu and Pradyumn Dayal Innovative solutions PROFILE 30 Bonnie Chiu Empowering women through photography TALKING POINT 34 Lakshmi and Shakti Jacot The long battle: mother vs. daughter CITY SPACE 36 Charging for garbage ARTS & CULTURE Jimin Kang 38 Why play music? 40 Gabriel Lee HKFYG Hong Kong International a cappella festival HKFYG 43 Summers coming: book now at Outdoor Training Camp Sai Kung 44 KK Cheng Kindergarten now open 46 Easyvolunteer.hk: a new volunteering app 48 M21 School Net HSBC Financial Dialogue 52 English Public Speaking Contest winners tips 54 Jade Art: new jewellery shop at PMQ
by Fortune Live Media
by Old Onliner
March 2014 | Youth Hong Kong
Editorial
Qianhai: new opportunities for young people
support of youth entrepreneurship. The UN urged countries and cities around the world to adopt similar measures to help alleviate the problem of unemployment among young people. In fact, it is estimated that between 2016 and 2030 nearly 425 million young people will be joining the work force, requiring at least half a billion jobs globally. To help meet this challenge, according to the UN Secretary General, the world needs to encourage, educate and empower young entrepreneurs. The Federation has heeded this clarion call and since 2002, began its initiatives to promote entrepreneurship as Another Choice Another Opportunity for young peoples employability. The theme of this issue of Youth Hong Kong is youth entrepreneurship in general, with a special focus on an exciting venture across the border in Qianhai, in the Shenzhen-Hong Kong Modern Service Industry Cooperation Zone of Shenzhen. Within this venue we will establish the Qianhai Youth Entrepreneur Hub with an academy for entrepreneurial training and education, an incubation centre, and an exhibition hall, all with the purpose of fostering innovative start-ups. Encouraging, promoting and supporting entrepreneurship, especially for young people, is something that we believe cannot be delayed or postponed. And we very much hope that if you too have similar stories or experiences, you will share them with us.
ore than a decade ago, the United Nations (UN) put youth employment on its agenda, with the creation of the Youth Employment Network. The organization proposed four strategic measures, including the promotion and
Dr Rosanna Wong, DBE, JP Executive Director, HKFYG March 2014
Youth Hong Kong | March 2014
Overview
Another choice Another opportunity
ntrepreneurship has become the global dream for many young people, but only a few are bold enough to turn their dream into reality. With its commitment to the promotion of entrepreneurial spirit, the Federation is now expanding the scope of support it offers them.
Our commitment to training programmes and workshops on entrepreneurship, to research and publications, as well as our advocacy, motivates, supports, and publicizes young entrepreneurs' efforts. The Federation also encourages them to get involved in competitions, such as the HKFYG's HSBC Youth Business Award 1. These can help them make their business dreams into practical reality. Almost all of these initiatives have been conducted with partners including the government and business sector.
As early as 2002, The Hong Kong Federation of Youth Groups (HKFYG) began its initiatives to promote entrepreneurship as Another Choice Another Opportunity, for young peoples employment. The LiveWIRE project, supported by Shell Hong Kong, offered training and other programmes to help youth realize their business dreams. Then, in 2005, the Federation enlisted the support of Youth Business International to help set up the dynamic Youth Business Hong Kong (YBHK) which was accredited the following year. See page 15 for more details.
Model of Qianhai Youth Entrepreneur Hub (E Hub)

1. Convention and Exhibition Centre 2. Academy 3. Residence 5. Incubator Building A 6. Incubator Building B 7. Incubator Building C 8. U-Square
4. Multi-Purpose Innovation Centre
p Image courtesy of Barrie Ho Architecture Interiors Ltd
Overview
Now HKFYGs efforts are being extended to the Pearl River Delta, to creating the new Qianhai Youth Entrepreneur Hub (E Hub), within the Shenzhen special economic zone. Official information on developments there can be on pages 8-13. The E Hub will be developed over the next few years with the mission to foster about 200 innovative startup companies, all run by young people from Hong Kong, the mainland and overseas. It will incorporate an academy for youth entrepreneurship, where courses, workshops and forums will take place, stimulating the free flow of ideas that generates innovation.
The E Hub will also try to match young entrepreneurs with angel investors and other forms of financing. Office space with state-of-the-art facilities will be offered rentfree for the first year and at half-price for the second year. Innovative young entrepreneurs are desirable in any economy because they stimulate growth, contribute to productivity, create jobs, increase competitiveness and spur innovation. The drive that pushes them to achieve their dreams is often inborn, but guidance and support go a long way to help smooth the path to success. That is why the fundamental role of the E Hub will be to incubate and accelerate entrepreneurship. These functions are explained in more detail in the next few pages. What is entrepreneurship
A common view is that entrepreneurs are selfemployed or run small businesses. This type of entrepreneurship is about flexible employment in the context of poor opportunities. The second view is that entrepreneurs are innovators. They have new ideas and embody them in high-growth companies. The two types of entrepreneurship have been called replicative and innovative.2 Both have an important role in a successful economy.
Figure 1 Number of billionaire entrepreneurs per million inhabitants, 19962010: the top ten
Hong Kong Israel United States Switzerland Singapore Norway Ireland Taiwan Canada Australia
Entrepreneurs and innovation

This vibrant hub for entrepreneurial activity will have a floor area of about 26,000 square metres. Start-up support in the form of mentorship, business consultation and networking will be available.
0.5 2
1.5
2.5
How entrepreneurial are we?

Efforts have been made to measure how entrepreneurial a society is according to the number of its small businesses, its self-employed people and the number of start-ups, but this produces a highly distorted picture. New research** ranks entrepreneurial vigour according to the number of self-made billionaires who made money by founding innovative companies. It shows that entrepreneur density correlates with economic dynamism, including the number of patents per head or the flow of venture capital. Hong Kong has a long history of entrepreneurship and according to this measure, Hong Kong comes top, Singapore is fifth and Taiwan is eighth.
Sources *http://www.economist.com/blogs/schumpeter/2014/02/our-schumpeter-columnist ** http://www.ifn.se/wfiles/wp/wp959.p
Overview
Hatching start-ups and speeding growth

Starting up any new business is usually fraught with uncertainty and heavy financial burdens. This is particularly true for innovators, due to the complexity of their products and services. Business incubators help them progress from an initial concept, make prototypes and turn them into products. By offering common work space with other start-ups, then suitable mentoring and finance, they provide a safe haven and a support system. Value-added services come in the form of in-house consulting and access to a network for marketing, business planning, and both legal and accounting services.3 HKFYGs Youth Business Hong Kong is one example of an incubator and the concept will be integral to the E Hub in Qianhai. The terms incubator and accelerator have been used interchangeably and some of their functions overlap, depending on the sophistication, variety and complexity of services offered. Accelerators take highpotential entrepreneurs, already in business, and help them grow more quickly. The programmes are shorter and usually more intense than incubators. Early-stage funding may also be offered, sometimes in return for equity. However, business acceleration is, ultimately, the goal of all true business incubation and thereby also one of HKFYGs central goals in Qianhai. Both business incubators and accelerators provide supportive education and training. They are not the same as business schools, although they are sometimes called start-up schools. Some private companies launch them to tap into the start-up community or as an exercise in corporate social responsibility. Governments and NGOs may also subsidize them to foster an entrepreneurial ecosystem. What incubators do
foster entrepreneurial climate offer nurture and instruction during early start-up stages provide co-working space for start-ups give access to hands-on business support provide access to finance and expertise help build industry clusters create jobs and wealth
Based on http://www.ukbi.co.uk/resources/business-incubation.aspx http://www.entrepreneur.com/encyclopedia/business-incubator http://en.wikipedia.org/wiki/Business_incubator
Creating a community
Developing entrepreneurial capacity in defined localities, by focusing on policies, structures and programmes that foster entrepreneurship, can result in the creation of an entrepreneurial ecosystem. Within such a system, the conditions exist where value-creating entrepreneurial ventures can thrive. Scaling up production and services is a key factor and, according to Daniel Isenberg, founder of the Babson Entrepreneurship Ecosystem Project, this step is much harder to take than starting up.4 Silicon Valley is the worlds strongest ecosystem. Few others existed till about ten years ago. In Asia, Singapore is said to have great current potential as an entrepreneurship ecosystem, ranking seventeenth worldwide, according to Telefonicas Startup Ecosytem Report.5 Isenberg says, Entrepreneurship is always surprising: in fact, if its predictable, its probably not entrepreneurshipThe entrepreneur is almost always swimming against the current.6 However, the good news, according to the Global Entrepreneurship Monitor 2013 Global Report,7 is that entrepreneurs report high levels of well-being despite the challenges.
Taking the lead

Healthy entrepreneurial communities need to be tailored around a unique environment. Actively encouraging investment in new businesses, they are reinforced but not created by government, academic or commercial organizations. Entrepreneurial ecosystems operate best with reduced bureaucratic obstacles, with government policy that supports the needs of entrepreneurs, offers them incentives and tolerates failed ventures.8 What accelerators do
invite applicants in a competitive process that is open to all provide investment funding, usually in exchange for equity focus on small teams, not individual founders give time-limited support comprising programmed events and intensive mentoring engage cohorts or "classes" of startups rather than individual companies
Based on information from NESTA, (National Endowment for Science, Technology and the Arts), an independent charity that works to increase innovation in UK. http://www.theguardian.com/small-businessnetwork/2013/oct/24/business-accelerators-financial-startups
Overview
To continue in Druckers words, the entrepreneur always searches for change, responds to it, and exploits it as an opportunity. In the new venture with Qianhai, the Federation recognizes and responds to the demands of a fast-changing economic environment. Its purpose, by forging expanded Fundamentally, he says that entrepreneurship cannot be cooperation with the mainland, is to provide exciting imposed from the top.9 He emphasizes that the leaders opportunities for purposeful, innovative youth. have to be entrepreneurs... If youre in a city where theres no clear start-up community, the goal is ... In 2011, HKFYG published A Study on Youth Entrepreneurship, to start finding the other entrepreneurial leaders who are on young peoples attitudes towards entrepreneurship, the committed to being in your city over the next 20 years.10 factors they considered before starting a business, the major they are fundamentally driven by entrepreneurs they take a long-term view they encourage inclusive engagement they offer a continuum of activities and events The GEM 2012 Global Report estimates that nearly half of the worlds entrepreneurs are aged 25-44 and in all geographic regions surveyed, 25-34 year olds showed the highest rates of entrepreneurial activity.11 When a critical mass of these young entrepreneurs has access to appropriate support, an entrepreneurial ecosystem can grow and flourish. First, there needs to be a magnet that attracts them to a central hub, whether in the form of incentives, or a vibrant community of like-minded young people. Then there has to be long-term commitment from stakeholders.
obstacles and challenges, and the kinds of support they needed. Findings showed that the majority approved of the idea but only a minority had actually started a business. Their main concerns were lack of capital, lack of space, lack of business skills and knowledge of running a business. More details at http://yrc.hkfyg.org.hk/news. aspx?id=2661d8c1-4046-40df-a7c1-4ad221eb99 53&corpname=yrc&i=2527&locale=en-US]
Brad Feld, venture capitalist and co-founder of TechStars, has useful advice. Writing of cities that want to build vibrant entrepreneurial communities or ecosystems, he pinpoints four main factors:
of support it gives to assist in such a learning process, and in the smooth transition to entrepreneurial self-employment for youth.
Sources 1. http://ybhk2.hkfyg.org.hk/ybaward2013/en/home 2. Naud, W (ed). A Commentary on Entrepreneurship and Economic Development. United Nations University http://wider.unu.edu/ publications/newsletter/articles-2011/en_GB/04-2011/ 3. Chandra, A, He, W, and Fealey, T. "Business Incubators in China: A Financial Services Perspective," International Journal of Entrepreneurship, Volume 13, Special Issue, 67-86. 4. http://www.forbes.com/sites/danisenberg/2011/02/03/dear-presidentobama-suggestions-for-how-to-make-start-up-america-really-succeed/ 5. https://s3.amazonaws.com/startupcompass-public/ StartupEcosystemReportPart1v1.2.pdf 6. http://www.economist.com/blogs/schumpeter/2014/01/invitation-daniel-isenberg 7. Amoros, JE & Bosma, N. Global Entrepreneurship Monitor (GEM) 2013 Global Report. January 2014 http://www.babson.edu/Academics/centers/blank-center/ global-research/gem/Documents/GEM%202013%20Global%20Report.pdf 8. http://www.technologyreview.com/news/516521/its-up-to-you-entrepreneurs/ 9. https://knowledge.wharton.upenn.edu/article/techstars-bradfeld-a-startup-community-needs-a-20-year-time-horizon/ 10. http://www.feld.com/wp/archives/2013/07/startupcommunities-are-up-to-the-entrepreneurs.html 11. http://www.gemconsortium.org/docs/2645/gem-2012-global-report 12. Drucker, Peter F. Innovation and entrepreneurship. New York: Harper & Row. 1985
From Hong Kong to Qianhai

The worlds most dynamic societies are also its most entrepreneurial. When HKFYG set up Youth Business Hong Kong to promote entrepreneurial spirit, it was in the vanguard. Now, at the exciting moment of setting up a new cooperative venture on the mainland, its past experience shows the way and throws light on how young people can be encouraged to set out in business on their own. Management guru Peter Drucker points out that people who need certainty are unlikely to make good entrepreneurs... but everyone who can face up to decision-making can learn to be an entrepreneur.12 The Federation wishes to broaden the scope
7
p Qianhai Youth Entrepreneur Hub Conference and Exhibition Centre
Interview
Qianhai:
a hub for international
ianhai is at the major development axis of the Pearl River Delta region in the Shenzhen Special Economic Zone, adjacent to Hong Kong and Macau. It is easily accessed by air, land and sea. It is intended as a pilot area for Shenzhen-Hong Kong cooperation in modern service industries, to lead and foster the development and upgrading of national modern service industries.
Mr Zhang Bei, Director General of the Authority of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone of Shenzhen, explained its importance for national development and as an attractive hub for international youth entrepreneurship.
youth entrepreneurship
Ten Priorities
1. 2. Perfecting the basic economic system. Deepening reform of the economic system. 3. Helping to transform government functions. 4. Implementing land management reform. 5. Building a socialist country 3 under the rule of law. 6. Fostering innovative systems in cultural development and institutions. 7. Accelerating reform of the social system. 8. Deepening reform of environmental and resource management. 9. Strengthening clean governance. 10. Building and furthering reform of Chinas Communist Party system and organization.
services in a cluster zone, we will provide a replicable and scalable model and bring wisdom and experience to reform service industries elsewhere in the country. Third, Qianhai will serve a unique function and have a special role for Guangdong-Hong Kong cooperation and Shenzhen-Hong Kong cooperation. President Xi Jinping, General Secretary of the Chinese Communist Party, has pointed out that Qianhai is the new platform for such cooperation. Qianhais role, as given by the central government, is to be the pioneer zone of Shenzhen-Hong Kong cooperation. This follows the Third Plenum, where it was pointed out clearly that the government would further expand and open up cooperation with Hong Kong. Qianhai, as an important strategic platform for multi-level, wide-spectrum cooperation that involves systems, industry, and talent, will launch its plan very soon.
Can you tell us about Qianhais role as an YHK innovative zone for modern services?
Mr Zhang explained that as a special zone within a special zone1, Qianhai, will forward the unique functions of Shenzhen by implementing an early pilot scheme for experiments in innovative mechanisms for reform and services. There will be a Qianhai Entrepreneur Hub that can help actualize the Chinese dream.2
YHK
How will Qianhai achieve this?
for national opening-up strategy. It will also fully implement the ten priorities of The Third Plenary Session [Third Plenum] of the 18th Central Committee of the Communist Party of China (CPC), with the main focus on making the process of reform replicable and scalable in other cities. Second, Qianhai will serve a unique function and perform a special role by innovating in the area of modern service industries.4 It holds a place of national strategic importance because of its focus on modern service industry development. By integrating modern
First, It will serve a unique Mr function and have a special Zhang role by being open to reform, innovation and development. It will be a platform and an exemplary window
Three unique functions for Qianhai

To be a platform and an exemplary window for national opening-up strategy To innovate in modern service industries To serve Guangdong-Hong Kong cooperation and ShenzhenHong Kong cooperation
Interview
In what ways do you What needs does think Hong Kongs Qianhai have which can YHK YHK experience is most helpbe fulfilled by learning ful for enhancing Qianhais from Hong Kong in these future development and Shen- ways? zhen-Hong Kong cooperation for mutual benefit? The State Council confirmed
Mr Zhang emphasized three ways in which Qianhai, as an important strategic platform, is significant for deepening cooperation between Shenzhen and Hong Kong and building on the strengths of both places for mutual benefit, while also comprehensively deepening economic reform. Mr Hong Kongs experience of an Zhang
First, Qianhai can learn from for Qianhai. First, it needs to implement national strategy. For this, Hong Kongs experience of leveraging the comparative advantages of both places will be of mutual benefit. Second, because modern service industries are institution-intensive, Qianhai needs law enforcement to safeguard a free, market-driven economy, corruption-free, efficient public services and international operations and regulations. In order to achieve this, Qianhai needs to learn from Hong Kongs experience.
Positioning factors for Qianhais implementation of national strategy

Demonstration of opening up in financial services Innovative experimental zone for cross-border RMB business Model for building a socialist rule of law Shenzhen-Hong Kong cooperation zone for talent Cooperation zone for Shenzhen and Hong Kong New modern service industry zone
Mr two important strategic needs Zhang
Factors in Hong Kong for Qianhai to learn from

Rule of law independent and effective judicial system, successful anti-corruption measures and good public order International hub an important international financial and trading centre, a shipping centre and an air transport hub Marketization free trade and economy, simple business regulations, a simple taxation system, free and open market
independent and effective judicial system, clean civil service and good public order. Second, Hong Kong has accumulated much experience in internationalization, as an international, cosmopolitan city, an important international financial and trading centre, a shipping centre and an air transport hub. All its market operations and regulations are up to international standards, bringing together key elements from around the world. Third, there is Hong Kongs experience of marketization. It has a well-developed, free economy, simple business regulations, a simple taxation system, and a free and open market.
p Mr Zhang Bei, Director General of the Authority of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone of Shenzhen
Interview
Shenzhen
Qianhai
Hong Kong
It is said that Qianhai has the potential to YHK become an innovative financial centre like that in Zrich and to have latent qualities equivalent to Canary Wharf. Is this realistic?
Qianhai has four key advantages which make this realistic, Mr Zhang explained. Mr Qianhai is located in the highly Zhang
First, the size of its economy. minutes. In the future, it will take 13 minutes to reach Hong Kong Airport, and half an hour trip to reach Hong Kongs Central District. We will also learn from the check-in facilities at the International Finance Centre in Central. In addition, given the 15 square kilometres of land in Qianhai, an underground space can be developed into a total potential multi-storey area of a further 7,800,000 square metres. Third, it has cost advantages. These include land costs, initial financing and labour costs. Take land prices, for example. The cost of land is much less than in Hong Kong and cheaper than either Beijing or Shanghai. Take start-up financing as another example. Qianhai is to be a pioneer for cross-border RMB loans and the interest on loans is 2-3% lower than the average rate in Mainland China. Furthermore, we have over 15 billion RMB earmarked already, and enterprises registered in Qianhai will be supported by the central government in the issue of yuan bonds in Hong Kong. Fourth, significant events took place in Qianhai in 2012 and 2013. On 7 December 2012, President Xi Jinping made Qianhai the first stop on the first official tour of his presidency. He pointed out that Qianhai would be the new starting point for reform and opening up of China. He said that Qianhai can leverage the strengths of Hong Kong and serve Mainland Chinas aim of further opening up to the world. As led by the Inter-ministries Joint Conference, with 27 departments, a committee for the development of Qianhai was then formed. In October 2013 when Shenzhens Mayor Xu Qin was in Beijing to receive an award, Premier Li Keqiang also made special reference to developments in Qianhai.
developed Pearl River Delta. The GDP of the Pearl River Delta reached 4.8 trillion RMB last year, while the GDP of Hong Kong was HK$2 trillion. The GDP of Beijing was 1.7 trillion RMB and that of Shanghai was 2 trillion RMB. With its economy supported by the strength of Pearl River Delta and Hong Kong, Qianhais cooperation with Hong Kong could lead to the creation of a base for modern service industries worldwide.
Second, its geographic location is an advantage. Qianhai is located on a major axis between Guangzhou, Shenzhen and Hong Kong. It is close to Shenzhen Airport and Hong Kong Airport and there are 12 urban railway lines which enable people to reach Shenzhen Airport from Qianhai in 10
Qianhais four key advantages

Size of its economy Location on the axis between Guangzhou, Shenzhen and Hong Kong Cost advantages including land costs, initial financing and labour costs Significant visitors to Qianhai and related events of national significance
10
Interview
p Qianhai Youth Entrepreneur Hub Academy
YHK
What are the main challenges for Qianhai in the immediate future?
Three main challenges for Qianhai

Competition led by the Shanghai pilot free trade zone Increased demand for innovation and reform Greater cooperation between Shenzhen and Hong Kong
Three key areas of concern were stressed by Mr Zhang. Mr opportunity is getting Zhang
First, the window of
from both Mainland China and Hong Kong. The structure of economies changes with the shift to service industries. In around 30 OECD6 countries, the value added to GDP by service industries is more than 70%. The amount of labour involved has reached 69% of the total working population. In developing countries, the value added to GDP by service industries accounts for more than 50% of total GDP. According to authoritative statistics, the proportion of GDP in this sector in Mainland China grew from 43.2% in 2010 to 44.6% in 2012. The proportion of the working population in these service industries varied from 34.6% in 2010 to 35.7% in 2011 and the proportion in modern service industries is even lower. According to the national 12th Five Year Plan, the amount of value added by service industries in GDP terms will reach 47%, by 2015. As was pointed out in the 12th Five Year Plan for Shenzhen's Modern Services Industries Development, the value of service industries will have grown to 900 billion RMB by then. This will be around 60% of the total GDP. Foreign investment in service industries will account for about 70% of Shenzhens the total in use. Also, about 55% of the total working population will be employed in service industries.
Mr opportunities to young people Zhang
Qianhai will bring golden
narrower. Competition, led by the Shanghai pilot free trade zone, is intensifying. Qianhai needs to use the coming two to three years to build a clear competitive advantage. Second, the pressure to innovate and reform has increased. The Third Plenum of the CPC deployed a master plan to deepen comprehensive reforms, mentioning the concept of A Three-fold Process and One Platform 5 . This concept was put forward by the 18th Plenary Session of the 5th Shenzhen Committee of the CPC , with Qianhai serving as the platform for national strategy. Third, we need greater cooperation between Shenzhen and Hong Kong. We certainly have a lot now, but we need to improve in terms of Hong Kong capital investment, cooperation mechanisms and the attraction of talent.
Can you tell us about the opportunities that YHK Qianhai might open up for young people in Hong Kong and on the Mainland?
Supported by good development trends in service industries, a solid foundation in manufacturing industries in the Pearl River Delta, as well as government support, according to Mr Zhang, Qianhai can certainly provide good opportunities for young people. It is the only new national strategic area focusing on modern service industry development. It emphasizes Shenzhen-Hong Kong cooperation and will certainly emerge as a key part of Chinas service industry sector, providing young people in Mainland China and in Hong Kong with good opportunities.
11
Interview
YHK
In what ways will Qianhai attract young people?

First, it will be a modern
cluster zone. According to the overall Development Plan for Hong Kong and Shenzhen Cooperation on Modern Service Industries in the Qianhai Area, with cooperation from Shenzhen and Hong Kong, its GDP will reach 150 billion RMB, while the estimated working population will reach about 650,000 (with an upper limit of about 750,000). By 2020 it will be competitive internationally and be a modern services regional centre on the waterfront. Second, Qianhai will be an important platform for establishing a two-way international-mainland market. As an international platform, Qianhai will be a jumping-off point, bringing together Hong Kong business and business from around the world to explore a bigger Chinese market. It can also serve as a platform for Mainland China business to expand worldwide.
Mr service industry development Zhang
talented, innovative young entrepreneurs from Shenzhen, Hong Kong and around the world. We will establish the Young Talent Ambassadors to attract innovative entrepreneurs, especially those aged under 35. Second, there is to be a service platform for start-ups seeking investment financing. We will establish a charitable trust fund to receive donations and a development fund integrated with marketized operations, plus investment from venture capitalists and angel investors. We will also seek financial support from the provincial government. Third, there will be a platform to further promote innovative entrepreneurship in a practical way. We will invite mentors for entrepreneurs aged under 35 who are still in the early stages of setting up in business. We will help them build their own special characteristics, and professionalize their services. We will also help mature businesses to become market leaders. Fourth, there will be a platform that ensures the social mission of this initiative is carried out through marketization. We will solicit resources and establish an institutional structure with the three parties.
Mr made platform to attract Zhang
First, there will be a tailored-
What kinds of advantageous tax YHK regimes or other financial incentives do you envisage for young entrepreneurs in Qianhai?
Mr Qianhai have generally been Zhang
Although land prices in
very high, we will be able to provide concessionary rates to attract entrepreneurs. There will also be favourable tax arrangements and efforts to create a tax environment similar to that of Hong Kong. Individual income tax will be only 15% for eligible young entrepreneurs. We will also launch a concessionary corporate income tax rate of 15%. The intention is to actively promote taxation arrangements that are more favourable than Hong Kongs in order to attract the citys youth entrepreneurs. Another policy will be to provide investment financing to help young entrepreneurs. We will tailor-make a financing system for the HKFYG's Qianhai Youth Entrepreneur Hub by setting up a development fund. There will also be a charitable support platform for it and plus other support services, including mentorship and integrated professional services.
Can you tell us about the collaboration YHK between HKFYG and Qianhai for youth entrepreneurship?
The Qianhai Authority (QA), The Hong Kong Federation of Youth Groups (HKFYG) and the Shenzhen Youth Federation (SYF) have entered a partnership to create the Qianhai Youth Entrepreneur Hub (E Hub), Mr Zhang explained.
Four important platforms of the Qianhai Authority, HKFYG and Shenzhen Youth Federation E Hub
To attract talent To give investment financing to start-ups To promote innovative entrepreneurship in practical way To carry out its social mission
12
Interview
In what ways can the Youth Entrepreneur YHK Hub serve the interests of development in Qianhai?
Mr Zhang stressed that the E Hub would be a very important element in Qianhais development as a whole and would foster ShenzhenHong Kong cooperation.
The project is attracting a lot
This cooperation is multi-dimensional and multi-faceted. The idea was initiated by the QA, the HKFYG, and the China Communist Youth League Shenzhen Committee which formed the SYF. Their participation facilitates a tripartite collaboration. As confirmed by the State Council and Organization Department (of the CPC Central Committee), Qianhai is to be a special zone for Shenzhen and Hong Kong talent. The new E Hub will provide a platform to explore the concept of gathering talent from both places. It will mean that Qianhai can explore the industrialization of the incubator and accelerator processes as a new kind of service producer industry.
Is there any reason to fear a brain-drain of YHK young Hong Kong talent to Qianhai?
Mr high-end young talent Zhang
While Qianhai will attract
worldwide, it will also serve as a base to help them grow. We will help to foster high quality talent for Hong Kong and provide space for its development as well as attracting talent from all around the world. Qianhai will be able to help Hong Kong and its people to enjoy stability and prosperity, as laid down by the One Country, Two Systems policy. It will do this via the Shenzhen and Hong Kong cooperation zone, giving access to Mainland China for Hong Kong talent enterprise to allow further expansion. By providing a space where young talent can shine, it will encourage talented young people to contribute further to Hong Kong. As an open platform for Shenzhen and Hong Kong cooperation, it will also attract talent internationally, thus also serving Hong Kongs interests.
and Hong Kong. It will explore a way to operate a charitable social mission based on an exploratory model which supports innovative entrepreneurship and business incubation. All these will contribute to marketization and internationalization in Qianhai via a new Hong Kong and Shenzhen cooperation platform.
Mr of attention in both Shenzhen Zhang
p Dr Rosanna Wong, Executive Director, HKFYG and Mr Zhang Bei, Director General, Authority of the Qianhai Shenzhen - Hong Kong Modern Service Industry Cooperation Zone
Notes and Sources 1. Qianhai is also spoken of as a special economic zone (SEZ) within the SEZ of Shenzhen.
2. The Chinese dream was proposed by President Xi Jinping, targeting the goal of the "great renewal of the Chinese nation". It is about realizing a prosperous and strong country, rejuvenation of the nation and the well-being of the people. http://www.xinhuanet.com/english/special/chinesedream/ 3. The term "rule of law" is used in this interview for the Mainland China exclusively . It does not carry the meaning of the Rule of Law as it is understood in jurisdictions where there is separation of powers. 4. The four modern service industries referred to are finance, logistics, IT, technology services and other professional services. http://www.sz.gov.cn/cn/xxgk/xwfyr/wqhg/20101220/201012/t20101220_1618969.htm 5. The 3 processes referred to are legalization, internationalization and marketization, understood to be the Wikipedia definition: Marketization is a restructuring process that enables state enterprises to operate as market-oriented firms by changing the legal environment in which they operate. The platform is Qianhai. 6. OECD: Oragnisation For Economic Cooperation and Development.
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Youth speak
our young people took part in the sharing session and interview given by Mr Zhang Bei. A second year Chinese University business student writes about his impressions and then three young entrepreneurs give their views. All of them are quite positive.
Grasping opportunities in Qianhai

Leaving the comfort zone
On the early train to Shenzhen one morning, I googled for information about Qianhai. Little did I know that I was going to witness progress in one of the most influential projects in southern China. Qianhai is definitely a pioneering effort for the Chinese government, with unprecedented collaboration between Hong Kong and Shenzhen. After the sharing session with Mr Zhang Bei, I concluded that a very aggressive yet sustainable plan was being implemented. As a business student, my focus was on how it would affect the Hong Kong economy. Indeed, with the establishment of the Qianhai special economic region, there will be another competitor in Hong Kongs vicinity. However, I believe competition forces improvement. Hong Kong has done very well in the past, and with the development of Qianhai, it will be able to maximize its potential, using its strengths and home-grown talent to the full. There will be many new opportunities for Hong Kong people. It is high time we started thinking about how to seize our chances.
p From left to right, Anthony, Kelvin, Johnny and Cedric (with a guide)
Cedric Leung
hree YBHK entrepreneurs also visited Qianhai and went to the interview with Mr Zhang Bei. Kelvin Woo and Johnny Luk are in the IT sector, and Anthony Lam runs a business in e-marketing. They commented on what they heard and the plans for an HKFYG Qianhai Youth Entrepreneur Hub.
The speed of both hardware' and software' development in Qianhai far exceeded my expectations. In fact, we would consider moving our business there because Qianhai is strongly supported by the Central People's Government and the Shenzhen government. There is to be new, tailored government policy and law reform in Qianhai as well as tax benefits. Furthermore, it has a strategic location in the Pearl River Delta, close to Hong Kong. I was impressed by the effort and resources put into the development by the Chinese government. From setting legislative policies to creating synergy among enterprises, I believe Qianhai will be a successful economical pioneer project in China. As an entrepreneur, I look forward to making Qianhai a stepping stone for my business expansion in China. Apart from the tax benefits and streamlined company registration process that is proposed, we are particularly interested in the Federations incubation programme which will provide tremendous opportunities for young entrepreneurs. I think it will be a perfect gateway to mainland China for information technology businesses. The pace and determination with which developments are taking place are unbelievable. We are now evaluating whether to setup a branch in Qianhai. Transport links with Hong Kong, taxation policy and legal policies are the three key factors for us. We would have fewer concerns if we qualified for the new HKFYG entrepreneurship support centre. The facilities and support would be extremely important for us, and for many other young people in the Hong Kong business world.
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Johnny Luk
Anthony Lam
Kelvin Woo
Youth speak
Boosting entrepreneurs
Authorized Institution
n 2005, with Youth Business International support, HKFYG set up Youth Business Hong Kong (YBHK) to promote entrepreneurial spirit. It was Hong Kongs first business startup incubator and the Federations commitment to entrepreneurship as an alternative to other work is now continuing in partnership with the local business community as a one-stop service for young start-ups.
Key services from YBHK
interest-free seed funding sourcing support for business hardware and resources business mentorships and professional consultancies networking and information on industry, trade, finance and the law related to business operations entrepreneurship courses, training programmes, brainstorming dialogue series with successful entrepreneurs four annual HSBC Youth Business Awards supported by HSBC Commercial Banking
YBHK Facts & Figures

over 1,450 applicants to date over 135 start-up companies funded maximum amount of seed funding HK100,000 each support for businesses from recycling to candle-making over HK$8 million in seed funds allocated over 60% of supported start-ups still in business after 3 years
Key features of YBHK business plans

original idea good quality service or product achievable rate of return and break-even ability potential exit routes knowledge of existing market and potential growth awareness of existing competition contingency plan
New initiatives from YBHK

YBHK works with many organizations to promote entrepreneurship. The TVB programme, I Am Boss, is one example, where advice is given by professional consultants to the team of judges. More information at http:// mytv.tvb.com/variety/ iamboss/172207. HKFYG is also a partner in Entrepreneur Day, organized by the Hong Kong Trade & Development Council on 2-3 May 2014. A competition called Entrepreneur Arena, co-organized by HKFYG will be held. More information at http://ybhk.hkfyg.org.hk/files/ybhk/eday/index.html
More information on YBHK The next few pages have examples of some successful start-ups and the results of seed funding, mentoring and support from YBHK. Tel 3113 7999 email ybhk@hkfyg.org.hk web http://ybhk.hkfyg.org.hk/?locale=en-US
HKFYG believes that entrepreneurship will enhance Hong Kong's economy and provide more job opportunities. By working in partnership with local businesses, its YBHK programme provides financial access for business start-ups and support through business mentoring. The YBHK scheme is open to any young person aged 18-35 who is a Hong Kong permanent resident, a viable business plan or an existing business that has been running for less than 3 years with a demonstrated commitment to run a business, but has no access to seed money.
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Youth speak
Youth Business Hong Kong
Interviews by Ada Chau
A new kind of place to stay

ow in her mid-twenties, Shirley Mak has been her own boss for a year. Charles Ho, her partner and fianc, keen to start up his own business, found out about YBHK which helped them make their dreams a reality. Now they run a new kind of guesthouse. It has personal service and a homely feel. Its called InnSight.
Ive always wanted to try working for myself, said Shirley, not because I didnt like working for a boss, but rather because I wanted to try something new. After all, if the worst comes to the worst I can always find another job!
By making good profits, Shirley and Charles have already expanded. We had eight rooms originally but now we rent another floor in the same building. That has doubled our capacity. Very soon, we will open a new small hotel in Chatham Road. Nevertheless, Shirley is cautious. We are still learning and although we have confidence in our business success so far, finding financial stability is more and more important than further growth. Support when they needed it
Shirley and Charles found YBHK on the internet and value their YBHK mentor highly, especially for help in planning and day-to-day operations. Shirleys parents also had experience of running a small business and they offered moral and financial support, but they say that the seed funding and expertise from YBHK was essential.
First of a cluster
Shirley and Charles realized that there are very few cosy little hotels in Hong Kong like the ones they had stayed at in Taiwan, Japan and Korea. They offer style and comfort without being too expensive. So, in 2011, they started to plan InnSight. We were among the first of a very small number of young people who now run small guesthouse hotels like this. We found a floor of a Tsim Sha Tsui building to start with. Its a prime tourist area and we think it really can give visitors the sense of being at home. Other young people followed in their footsteps, but Shirley and Charles were the first to make a name for themselves. Our clients love to come back again and they tell their friends about us too. I would say we have the edge when it comes to good service. In fact, sometimes our guests even leave a thank you note when they leave. We also make sure we keep in touch with them on Facebook.
Shirley Mak graduated from Hong Kong University of Science and Technology in Business Management, then trained as a merchandiser for two years. Co-founder of InnSight, Charles Ho, did Mechanical Engineering, also at HKUST.
More information Address 3/F, 9 Lock Road, Tsim Sha Tsui, Kowloon, HKRoom charges HK$400-HK$850 per night Tel 2369 1151Email Innsight.info@gmail.comWeb www.innsight.hk Facebook https://www.facebook.com/pages/InnSight/396227493724584
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Youth speak
BeCandle of Hong Kong the melting art

wo designers, Gary Hui and Xavier Tsang, are co-founders of BeCandle, a very original candle-making business. Both in their early thirties, they have built an international reputation, with support from YBHK.
I already had my own design service company before I met Gary, said Xavier. I worked in Italy for other companies before we got together. It was very good experience. It also helped us build our customer base and gain the confidence to go freelance. With financial support from Xaviers first business and income from freelance jobs, they started to plan their dream for real establishing their own brand and making their own products.
Gary and Xavier, while realizing that entrepreneurs have to be willing to take risks, dont think of themselves as risk-takers. Financial stability is very important for both of us, says Gary. Perhaps we were more willing to take risks a few years ago, but now we both want families of our own. That changes your perspective. For us, being entrepreneurs is not just about making a profit, its about a shared passion and artistic vision. Philosophy in a candle
BeCandle already has several popular series of products, like the Lost in Time Series which takes ideas and makes them into a new kind of candles. The old-fashioned phone candle with a dial is one example. As the candle melts, the whole phone disappears as well. Its a symbol for what can happen to things from the past.
Burnishing the candle brand

Xavier has always been fond of making candles and he loves contemporary design. Italian craftsmanship inspired me and when we founded BeCandle we kept trying new things and displaying products at international exhibitions. Happy to show customers his wares, Xavier also has developed a performance to match his candles . He first presented it in Berlin last year. (See link to Way of the Candle below). However, progress has not been straightforward. Even though we try to plan ahead, we have had to react quickly to problems, says Xavier. Originally we targeted the European market, but there were too many competitors. Its hard for a new brand to break into an established market, so we changed our plan, and now focus on Asia, like Taiwan, Japan and Korea.
More information about BeCandle Tel 3586 0320Email info@becandle.com.hk
Gary Hui and Xavier Tsang graduated from the University of Technologyin Sydney and the Chinese University of Hong Kong, respectively. Gary did industrial design and Xavier did engineering. Xavier also studied at the Accademia Italiana Darte, Moda e Design in Florence. His first design service Atelier Poesia is still in business.
Web www.becandle.com.hkFacebook www.facebook.com/becandlehongkong *Watch the Way of the Candle video at http://vimeo.com/74079760
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Youth speak
Award-winning ice-cream
ab Made, the first shop in Hong Kong selling made-to-order ice cream using liquid nitrogen, also called dry ice, was launched by Ronnie Cheng Hong-wang and Jennifer Chiu in 2011.
Liquid nitrogen is super cold, according to Ronnie. This means the ice cream freezes very fast and has a smooth texture. Lab Made ice cream has become very popular, not only because its different but also because it comes in a wide range of flavours. Ronnie Cheng and his girlfriend Jennifer Chiu first tasted liquid nitrogen ice cream in Britain. Their popular shop now has two outlets, one in Tsim Sha Tsui and the other in Tai Hang. Ronnie and Jennifer attended YBHK courses and enjoyed its help for business networking. Last year, with the support of YBHK, Lab Made became a Silver Awardwinner in of HSBC Youth Business Award 2013.
More information Address 6 Brown Street, Tai Hang, Causeway Bay, HK G/F, Junction of Kimberley Road and Carnarvon Road, Tsim Sha Tsui, Kowloon, HK Web www.labmade.com.hk watch the video ice cream being made at https://www.youtube.com/watch?v=AUnLxyqsJSw
One taster reports, ...frozen desserts are made to order at the display counter, in clouds of liquid nitrogen... The use of liquid nitrogen takes away the need for eggs and additional fat, making it a healthier option. Innovative flavours include Hong Kong custard bun (lai wong bao), crunchy sea salt caramel, Horlicks and wheatgerm, lychee and longan yoghurt, mango and coconut sticky rice, mooncake and sticky toffee pudding. However, if you go to the shop, expect to see something new. The flavours on sale change all the time.
Shenzhen investment lift off
o conclude this section, we talked to a Shenzhen start-up, Barry Chen, who set up an asset management business after graduating in finance a few years ago. As young stock broker, he saved enough to start out with his own investment business.
term aim is to become a powerful company, through stable, sustainable investment strategies. Although our clients are predominantly on the mainland now, we hope to expand our customer base to Hong Kong. He believes that both Shenzhen and Hong Kong are good options for start-ups and is confident of the potential for his business to grow and prosper.
Barry Chens company is the Shenzhen Haochuang Investment Group. Co. Ltd. His initial contact with HKFYG was through the Shenzhen Youth Federation. *For more on "sunshine private equity", go to http://www.nortonrosefulbright.com/ knowledge/publications/59008/assetmanagement-business-in-china-in-a-nutshell
My company has a team of five from similar professional backgrounds and a great passion for investment. Disposable incomes and savings have increased rapidly and their demand for asset management has grown along with their appetite for risk. Barry, who considers himself quite tolerant of risk, is nevertheless very aware of the need for financial security. Our aim is to provide a professional service to clients with stable, mature investment concepts. At present, our return from investment is 26%, far more than the market average. In the short-term, we have begun to issue our first sunshine private equity products* and our long-
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Youth speak
Invigorating
entrepreneurship
with Theodore Ma
heodore Ma comes from a family in the jewellery business. A young entrepreneur himself, he is also the co-founder of CoCoon, the well-known Hong Kong co-working space and mecca for early-stage entrepreneurs.
CoCoons spacious 14,000 square-foot home in Tin Hau has big worktables, a library, meeting rooms, lockers, a photography studio, a 3-D printer, relaxing corners and ... a ping-pong table. But far more than a place to play or unwind, CoCoon is a place where innovative ideas are generated, business concepts are crystallized and like-minded people hatch inspired ideas.
Cross-pollinating ideas
When asked where the ideas behind CoCoon came from, Theodore answered, ...there has been a lot of cross-pollination of ideas, but the idea for a co-working space in Hong Kong originally came from American entrepreneur, John Buford. He needed HK$100,000 to pay a rental deposit on a 1,000 square-foot space in Wanchai. My father and I were there when he made his pitch at Cyberport. Right away we decided to underwrite him and that was when he started up the first ever Hong Kong co-working space, Boot.HK. CoCoon followed suit on a much bigger scale in a building owned by the Ma family. Now we have over 110 members and income from their fees amounts to about HK$200,000 per month. Its not enough to pay market rent but it pays to keep the lights on! joked Theodore. This is where start-ups take the first step. Its just before the incubation process, for people who want to start a business but dont know where to begin.
CoCoons aims
Fundamentally, a large co-working space, one of CoCoons aims is to team up business founders with potential co-founders. They share the burdens and they share the joys, said Theodore, Ive seen it happen many times right there at the ping pong table! An online platform called CoCoon Market is central to another of CoCoons aims. Its a place where members can post job ads, for writers, designers, find freelancers, and find work themselves. This brings in cash flow and that makes businesses sustainable. Putting investors and start-ups together is the third aim of CoCoon. That happens at regular inhouse events such as pitch nights, seminars, meetups and workshops, with invited organizations like Google Start-up Weekend. At CoCoon pitch nights, entrepreneurs present their products or services to potential funders and co-founders alike.
Emerging strengths
Before potential members join, they have to give the right kind of answers to two open-ended questions. First, they are asked what they would like to contribute to CoCoon. We believe everyone has something to bring to the table and everyone has something to share.
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Youth speak
The more you share the more you get. If they cant tell us what they want to share, they are not ready. Their ideas may be just emerging, but I believe that great people always want to work with other great people. The next question for applicants is more of an aptitude test. They are asked what their pitch is, even though they may not have a business pitch ready at that stage. We want people who recognize their own strengths and can sum up briefly what they can offer. Thats what pitching is about. If they can answer well, they get access to the CoCoon community. It is based on word of mouth. Its the most important aspect of all our services.
Four innovative businesses from CoCoon

Carshare.hk http://carshare.hk/ For Hong Kong owners who want to rent out their cars and for drivers who want a car at a specific time and place. Shopline http://www.shoplineapp.com/ Connects Hong Kong buyers and sellers through social media on mobile and web-based applications. Ambiclimate www.ambiclimate.com A device that controls and monitors airconditioners by infra-red to adjust settings. Playroll http://www.playroll.me/ Offers pre-sale bookings and last-minute discounts for shows in Hong Kong.
Caterpillars to butterflies
CoCoon also has a programme called EIRs (Entrepreneurs in Residence) which gives free consultations. When asked if this was mentorship Theodore hesitated. A lot of start-ups dont know how to work with mentors and vice versa. Imagine startups that are looking for funding. They wont want to express their doubts or say they need help. They may not ask the right questions and they may not be ready to listen to a mentor. Mentors, for their part, will not want to shoot down ideas. For the mentorship relationship to work there needs to be the right chemistry. It is an area we are working on. Its difficult to get it right. Theodore summed up what CoCoon does by saying, Our members come here without business plans. You might say they are at a stage somewhere between caterpillars and butterflies. Most of them stay with us for 6-9 months and when the successful ones leave, we can see they were born to fly. CoCoon is there to help those butterflies emerge from the chrysalis, break out of the protective cocoon, spread their wings and fly.
CoCoon CoCoon
CoCoon 3/F, Citicorp Centre, 18 Whitfield Rd, Causeway Bay tel 3158 2999 web www.hkcocoon.org Membership fees Full-time members: HK$2,000 per month, all services Connector members: HK$500 per month for partial services
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Youth speak
Some other Hong Kong incubators

Boot.HK was Hong Kongs first co-working space and was originally located in Wanchai. It has merged with HK Commons in Sheung Wan and Lai Chi Kok. HK Commons targets technology start-ups and developers and is one of Hong Kongs largest start-up and entrepreneur communities. HK Commons services include lectures with well-known speakers and classes on tax-efficient strategies. They also help with incorporating new companies, registering websites, designing business cards and advising on government paperwork. Nest provides shared office space, holds monthly pitch days, and some funding and mentoring. The Hive is a co-worker space for creative industries. Equipped with kitchens, lounges, sun terraces, and meeting rooms, it offers workshops, legal clinics, customer relationship management courses and fashion shows. The Good Lab is described on pages 27-29. The EYE Program (Empowering Young Entrepreneurs) is a free incubation, training and mentorship programme, open to all young people in Hong Kong. It was designed by The Chinese University of Hong Kongs Center for Entrepreneurship with Google. Its one-year programme is focused on empowering and enabling young entrepreneurs and giving them access to mentors. Sponsored trips are arranged for outstanding participants to Google headquarters in Mountain View, US. The Hong Kong Science & Technology Park (HKSTP) InnoCentre offers a two-year Incu-Design programme, which is part of the HKSTP Incubation Programme, supporting start-up companies involved in product design, fashion and jewellery, interior design, branding and packaging, and the visual and media arts. HKSTP also has a three-year Incu-Tech Programme, a four-year Incu-Bio Programme and the 18-month Incu-App Programme. The Cyberport Incubation Programme supports the development of the Hong Kong information and communications industry by providing incubated companies with access to advanced facilities and resources, support in business development, and training. Both HKSTP and Cyberport offer significant financial support. For more information on these, other coworking spaces and start-up help organizations, see box below and preceding article.
Some Hong Kong start-up services

in alphabetical order
Boot.hk http://boot.hk/boothk-home/ CoCoon www.hkcocoon .org Cyberport http://www.cyberport.hk/en/about_cyberport/our_5_centres/ entrepreneurship_centre Chinese University Center for Entrepreneurship http://entrepreneurship.baf.cuhk.edu.hk/ The Good Lab www.goodabhk The Hive http://thehive.com.hk/ HK Commons www.hkcommons.com Hong Kong Science & Technology Park http://www.hkstp.org/en-US/Services-Programmes/Incubation-Programme/ Overview.aspx#.UvCaIT3WLwo Nest http://nestideas.com/ StartupsHK http://www.startupshk.com/ Youth Business Hong Kong (HKFYG) http://ybhk.hkfyg.org.hk/
And if the plan fails...

In contrast to the other young entrepreneurs interviewed, one brave young entrepreneur told Youth Hong Kong a different kind of story, echoing famous entrepreneur Henry Ford, who said, Failure is just a resting place an opportunity to begin again more intelligently. "In 2003 and 2004, I and my partners started two businesses. However, things did not go according to my business plan and we lost HK$50,000. We were so frustrated and felt hopeless. In 2008, due to a great opportunity, we started a company again that sold clothes in Kwai Chung. But we under estimated the size of the competition and when the economy collapsed in 2008, we lost HK$300,000. Then, luckily, we joined YBHK and our mentor gave us lots of advice and new opportunities. We changed our business model to mall decoration and we have now been in operation for over 5 years. We are so glad that we didnt give up because we learned a lot from all the challenges. The experience gained definitely helped us build the success we have today."
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Youth Hong Kong | March June 2013 2014
Youth speak
business mind
Young designer with a

a contribution from Education Post
hailie Ho was used to being put on the waiting list during the school application process. She was never considered a bright student until her design talent blew away interviewers from Central Saint Martins College of Arts and Design, a prestigious British art school.
From a young age I dreamt about being a university student, but study was not my strong point, says Chailie. I ended up on the waiting list, first while trying for a place in Form Six because I finished my HKCEE with only 13 points and I needed 14. Then I found myself on the waiting list once again when trying to get a place to do a Higher Diploma in fashion retail at the Hong Kong Polytechnic University.
Emerging talent
My route to fashion school went like a dream. Everything came together so quickly and smoothly. First, I met a girl who was studying at Central Saint Martins College of Arts and Design and she helped me with my application. At that time, I had no idea that it was such a prestigious school. If I had I known, I dont think I would have applied, because of my underwhelming academic record. When I did A-level Chailie got her place though, and in her final year on the art, I kept a design diary, so that I would have a record Higher Diploma programme, she started thinking about of all the art projects that I had done. The diary did not becoming a fashion buyer, until her friends persuaded earn me high marks in my A-level, but the interviewers her that she had the talent to be a fashion designer. My from Saint Martins loved it! Going to school was never friends told me a designer is the irreplaceable soul of a a smooth ride for me, but now all of a sudden I got the brand so I began to look up fashion design programmes. chance to attend one of the best in the world, she says.
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Youth speak
After graduating, Chailie studied for a postgraduate certificate in innovative pattern cutting. A pattern cutter is someone who transforms a great design idea into reality. I received many offers from designers to cut patterns for them and I learned a great deal from them. The designers were very willing to share their design concepts with me, in order to enable me do my job properly. I was having a great time in Britain, but I missed my mother so in 2008 I decided to return to Hong Kong, she says. After working as a fashion designer in Hong Kong, Chailie decided to fulfill her dream to start her own brand. With limited capital, she started her own business, Chailie Ho Fashion Studio, in 2010 with the support of a design incubating project by Hong Kong Science Park.
I dont think local kids enjoy art. They do it because it enhances their rsum. Creative education should not be like this. Everyone has their own style
boutique owners to sell my dresses in their shops. My income was unstable. But soon people began to take notice. Approaching boutique owners has become easier. Then some actresses asked me to tailor-make dresses for them to attend important functions and my business began to take off, she says. Besides tailor-made dresses, Chailie also designs Hong Kongthemed scarves which are highly popular. Many firms have ordered the scarves to be presented to foreign guests as souvenirs. I do most of the sales of scarves online and have been receiving orders from retailers and individual customers from around the globe.
Incubated at Hong Kong Science Park

When, at the age of 27 Chailie launched her own label, the sophisticated and elegant design of her dresses took the local fashion scene by storm. Many celebrities ordered tailor-made dresses from her to attend redcarpet events. But despite her success, she did not forget about her humble beginnings and her early struggles. When I first started, nobody knew about me. I would go from shop to shop, trying to convince
Promoting arts education

Chailie plans to open her first boutique at the former Hollywood Road police married quarters in April. However, she is thinking of doing more than simply operating a clothing store. The boutique will not only be a place to showcase my designs, it will also be a space for me to promote art education. I have collaborated with institutes before to run fashion workshops for children and I hope that with my new shop I can host more such workshops on a consistent basis, she says. The education system in Hong Kong has a lot of room for improvement, Chailie says, and that she hopes to contribute to it. Having gone through so many obstacles at school, I want to help. I dont think local kids enjoy art. They do it because it enhances their rsum. Creative education should not be like this. Everyone has their own style; some are good at cooking, music or design. I hope I can inspire children to love art. It is not something that they have to do, but I want to let them know that they may have a talent for it and it is something that they can pursue.
Photo by Berton Chang/SCMP
I would go from shop to shop, trying to convince boutique owners to sell my dresses
More information Chailie Fashion Studio Shop 409, Former Police Married Quarters No. 35 Aberdeen Street, Central, Hong Kong Tel: +852 2319 2082
www.educationpost.com.hk
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Youth watch
China
Chinas Torch Program from the MOST (Ministry of Science and Technology) began in the 1990s. The MOST made incubator construction a core part of its 10th Five Year Plan (2001-2005).2 The Torch Program has four major parts: Innovation Clusters with Science & Technology Innovation Parks, Technology Business Incubators (TBIs), Seed Funding (Innofund) and Venture Guiding Fund. Another key part of Chinas cluster strategy involves a national network of 1,000+ Productivity Promotion Centers. They provide consulting, promotion, product testing, hiring, training and incubation services to start-ups.3 The big, globally active Microsoft Ventures Accelerator has been in Beijing since 2012, providing start-ups with free cloud services, work space, market exposure, expert mentorship and strong technical support.4 Other global entrepreneurship support services that operate in China include Startupbootcamp, which partners Chinacclerator5. Telefnica is in partnership with Chinese incubator VIV-Virtue Inno Valley.6 Others include Innovation Works7, and Haxlr8r.8
incubators and accelerators
Asian
getting down to business
he first incubator was set up in 1959 at the Batavia Industrial Center in New York, providing start-ups with shared office space for a fee.1 Accelerators originated in Silicon Valley with Y Combinator in 2005. In the UK, Seedcamp was first to launch, in 2007. Today about half of all business incubators and accelerators globally serve the technology sector. This article gives snapshots of the situation in mainland China and elsewhere in Asia.
Vietnam
In November 2013 the Ministry of Science and Technology secured US$110 million, mostly from the World Bank, for a five-year programme called FIRST, which supports Vietnamese start-ups. The aim is to create an entrepreneurial ecosystem of its own, like Silicon Valley.27 Both Hanoi and Ho Chi Minh City have established incubator centres, which include 5Desire, FICO by FPT, and Topica Founders Institute. In Saigon the big five are The Start Center and Saigon Hub, Egg Agency, mLab, which also has support from the World Bank, and Skynet. Saigon also has Quang Trung Software City an IT business park, designed for Vietnamese technology start-ups from universities. In 2013, Hatch.vn and Hub.IT opened in Hanoi. Apart from these, there are other government programmes to accelerate and support the start-up scene.
Thailand
Thailand is actively encouraging investment in a range of industries, particularly for projects that bring in new technology and those that invest in less-developed provinces.23 The Thai Business Incubators and Science Parks Association was founded in 2009,24 when there were already over 70 business incubators. In 2010, it became part of the National Science and Technology Development Agency25 with four national research centres: Biotech, Mtech, NanoTech and NECTEC, with a technology management centre and a business incubator centre focusing on IT and technology incubation. By 2010, the centre had nurtured more than 320 preincubatees and more than 155 incubatees for IT and Technology businesses. AIS, Dtac and True Corporation all run incubation programmes to encourage start-ups.26
Taiwan
Taiwan encourages high-tech industry productivity and innovation capabilities. In 2010, it ranked 5th in the world for approved inventive patents.19 New investment opportunities include industrial parks, such as Neihu Technology Park, Nangang Bio-technology Park and Songshan Cultural and Creative Park. To encourage investment, the government offers a variety of incentives20 and low-interest loan schemes for R&D activities and headquarters establishment. It also offers a lower corporate tax rate for foreign investors and special incentives for Chinese investors. The Taipei City Government offers subsidies and tax incentives for SMEs21 if their investment projects are innovative, creative or hold development potential. It also subsidizes R&D in order to encourage technology innovation and research. Incubation centres include Appworks Venture and YSeed.22
24
India
The Federation of Indian Young Entrepreneurs9 supports young entrepreneurs to promote their businesses. It also concentrates on skill development, planning, financing and incubation. India has institute-based technology incubators supported by the government, private business incubators started by industry veterans and start-up accelerators supported by companies and venture capital funds. For example, the Indian Angel Network (IAN) incubator was established with the support of the National Science and Technology Entrepreneurship Development Board and the Department of Science and Technology. More than 50% of Indias incubators are in Delhi, Bangalore and Mumbai. Nearly 60% are managed by institutes or colleges. Some well-known college-based incubators include SINE (Indian Institute of Technology (IIT), Bombay), Villgro (IIT Madras), CIIE (Indian Institute of Management, Ahmedabad).10 Only 25% are investor-driven, including GSF, The Morpheus, and the Startup Center. Other accelerators and incubators include the Bharatiya Yuva Shakti Trust,11 Global Superangels Forum (GSF), and IDEX Accelerator.12
Youth watch
Indonesia
A BBC survey by international polling firm GlobeScan and the University of Maryland found Indonesia to be the most entrepreneur-friendly of the 24 countries surveyed. It was ahead of the United States, India, China and Australia. It also had the most people, 85%, saying their country valued innovation and creativity.13 The government is implementing a Startup Incubator programme14 to bridge the gap between entrepreneurship and business mentoring. It is also implementing regulation for incubator programmes in four major Indonesian universities. In 2011 four entrepreneurs launched the start-up community StartupLokal as an incubator or accelerator for start-up entrepreneurs. Other incubators include Project Eden, MerahPutih. Investidea, Bandung Ventures, Raja Capital, Ideosource and Batavia Incubator.
Philippines
Kickstart* was one of the first incubators launched in the Philippines, in March 2012. It provides funds, mentorship and education. Launchgarage, a 6-month accelerator programme in partnership with ProudCloud and Kickstart, provides a network of mentors. IdeaSpace holds a national competition, provides funding support, and offers crash courses on business. The UP Enterprise Center for Technopreneurship offers an Enterprise Business Incubator Programme, focusing on services in various technology fields. The Ayala Technology Business Incubator, or AyalaTBI Network, is a private sector incubator dealing with technology business incubation. It is in partnership with the University of the Philippines and the Asian Institute of Management. 15 *To be distinguished from Kickstarter, a popular crowd-funding platform
Singapore South Korea

The number of start-up businesses in South Korea has grown steadily in recent years and President Park Geunhye pledged US$2.9 billion in funding, particularly in the technology sector.17 Private investors in start-ups receive government incentives, such as tax cuts and delayed deadlines for paying income taxes, if investors recycle their returns into new businesses. Through the Banks Foundation for Young Entrepreneurs, a group of 20 Korean banks provides financing, mentorship and business education to entrepreneurs. Each bank has committed between US$10 million and US$20 million to assist young Koreans in their 20s and 30s who have started ventures in the past three years. Incubators include SparkLabs, Strong Ventures, KStartup, Primer, IgniteSpark, Fast Track Asia, TJ Heaven, Founders Camp.18 The Singapore Governments Incubator Development Programme (IDP) provides incubators and accelerators with grants to enhance capability development for innovative start-ups. IDP provides up to 70% in grants to be used in areas such as the development of new products/services, business financing, improved market access, mentoring, operating expenses, training and marketing. Incubators in the programme include Get2Volume, Golden Gate Venture Investments, Incuvest, Jungle Ventures, Red Dot Ventures, The Biofactory, and WaveMaker Labs. Singapore also has a governmentbacked entrepreneurial ecosystem of about 100 start-ups, tightly packed into a cluster in a former industrial building. Youth Business Singapore, an accredited member of Youth Business International, is also prominent, but JFDI is probably Singapores best known, with its quirky, difficultto-forget name: The Joyful Frog Digital Incubator.16
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Youth watch
Bridging the pioneer gap

A 2013 report from the Aspen Network of Development Entrepreneurs (ANDE), part of the Aspen Institute, highlights the fact that thousands of early-stage innovators try to launch start-ups every year in less-developed areas but very few are able to build the teams, find the customer base, or raise the necessary investment funding. Entitled, Bridging the Pioneer Gap: The Role of Accelerators in Launching High-Impact Enterprises, the report which focuses on social entrepreneurship concludes, The number of incubators and accelerators providing tailored support to social enterprises continues to grow. In many countries, these incubators and accelerators are the first entry point for social enterprises into a broader ecosystem and they play a critical role in bridging the pioneer gap. Nevertheless, as the authors point out in their conclusion, We have very little systematic data on how accelerators are performing and many are not even collecting data ... we need much more data on incubator and accelerator effectiveness to assess the quality of services provided as well as the importance of selection and networks.28
As an article in the Harvard Business Review pointed out, There is a very real knowledge gap in the earlystage start-up game, on both sides of the table. Firsttime entrepreneurs lack the seasoning to captain a steady ship through turbulent waters. Inexperienced friends and family (and, increasingly, crowd-sourced investors) lack the ability to gauge the viability of a business, or to mentor nave entrepreneurs ... However, there are over 7,500 business incubators around the world. Most of them fail.29 Leveraging for early-stage companies can achieve good results, as can building entrepreneurial ecosystems to support them. However, innovation will always be the key element in any successful start-up hub. For that there have to be innovative entrepreneurs with the freedom to express ideas. Given opportunities and freedom, there is great scope for innovation-led growth in fields such as education, IT, environment, health, transport, energy and food. The Global Innovation Index 2013 reports that Hong Kong ranks 7th for innovation and comes first among all southeast Asian economies. Singapore is ranked 8th. The top ten rankings all go high-income economies. Among other countries covered by this article in either south or southeast Asia, South Korea ranks 18th, mainland China 35th, Thailand 57th, India 66th, Vietnam 76th, Indonesia 85th and the Philippines 90th. [Taiwan was not ranked.] Of the middle-income countries, China, India and Vietnam are the most outstanding for innovation.
Entrepreneurial hubs and ecosystems

For those who have their big idea, want to take the plunge, but need guidance and support, applying to a start-up incubator may be a better option than going to a business school. Choosing the right one is the key.
Sources 1. http://www.avcj.com/avcj/analysis/2292527/asia-incubators-from-acorns-to-oaks 2. Chandra, A & Fealey, Tim. Business Incubation in the United States, China and Brazil. International Journal of Entrepreneurship, Volume 13, Special Issue, 2009, 67-87 3. http://steveblank.com/2013/04/11/chinas-torch-programthe-glow-that-can-light-the-world-part-2-of-5/ 4. http://www.prnewswire.com/news-releases/microsoft-ventures-empowers-startupsin-china-and-asia-turns-brilliant-ideas-into-great-companies-240231861.html 5. http://chinaccelerator.com/blog/110 6. http://techcrunch.com/2014/02/18/wayra-reaches-into-china/ 7. http://en.chuangxin.com/ 8. http://www.economist.com/news/special-report/21593590-whysouthern-china-best-place-world-hardware-innovator-be-hacking 9. http://www.youngceoindia.com/Default.aspx 10. http://www.flexingit.com/blog/incubators-accelerators-in-india-driving-orsupporting-innovation-unpeeling-the-start-up-ecosystem-part-ii-18/ 11. http://www.youthbusiness.org/where-we-work/ 12. http://www.economist.com/blogs/schumpeter/2013/04/start-up-incubators-india 13. http://www.thejakartaglobe.com/archive/the-rise-of-the-tech-start-ups-in-indonesia/ 14. http://www.globalindonesianvoices.com/10897/the-indonesiangovernments-support-for-start-up-companies/ 15. http://webgeek.ph/startup-incubators-accelerators-philippines/
16. http://www.techinasia.com/eight-more-incubators-joinsingapores-technology-incubation-scheme/ 17. http://online.wsj.com/news/articles/SB1000142412 7887323393804578554681586293800 18. http://thebridge.jp/en/2013/06/startup-incubators-accelerators-asia-pacific 19. http://www.startup.taipei.gov.tw/en/page3-1.htm 20. http://www.startup.taipei.gov.tw/en/page1-5.htm 21. http://www.startup.taipei.gov.tw/en/page2-1.htm 22. http://thebridge.jp/en/2013/06/startup-incubators-accelerators-asia-pacific 23. http://www.thailand-business-news.com/investment-climatein-thailand/performance-requirements-and-incentives 24. http://www.wainova.org/members/thai-bispa 25. http://www.nstda.or.th/bic/index.php/th/about-us 26. http://www.techinasia.com/thailand-big-3-telcos-power-startup-ecosystem/ 27. http://www.techinasia.com/ministry-science-tech-vietnam-pours-110-millionstartupsministry-science-tech-vietnam-pours-110-million-startupsministry-sciencetech-vietnam-pours-110-million-startupsministry-science-tech-vietnam-po/ 28. http://www.aspeninstitute.org/sites/default/files/content/docs/ande/ Bridging%20the%20Pioneer%20Gap%20The%20Role%20of%20Accelerators%20 in%20Launching%20High%20Impact%20Enterprises%20.pdf 29. http://blogs.hbr.org/2013/08/the-problems-with-incubators-a/ 30. http://www.wipo.int/export/sites/www/freepublications/en/economics/gii/gii 2013.pdf
26
Perspective
Innovative solutions
to social problems
with Ada Wong
ocial entrepreneurship involves setting up companies that pursue innovative solutions to social problems. The Good Labs convenor and one of its founding directors, Ms Ada Wong, explained that her goal is to create a hub where fledgling entrepreneurs can start up ventures with sustainable social value. Two students respond.
Fine-tuning business plans, working out how to market products and creating an online presence are all part of hatching any new business. But unlike other start-ups, would-be social enterprises also have to work out how to measure performance when the value of their goals cannot be counted in dollars, how to attract appropriate investors, and whether to take on the complex challenges of ventures that give a positive return to society.
Finding meaning in work

For the last of those questions, Ada Wong has a simple answer People naturally seek meaning in their work, she told Youth Hong Kong. Thats why the idea of social enterprise is attractive, especially to young people. It has inherent meaning and can give a sense of fulfilment that being an employee cannot bring. The Good Lab is a hub for people and organizations with new methods and mindsets. Founded about two years ago as a place where people with entrepreneurial flair could meet, it has tri-sector collaboration and social change is fostered. Its members identify innovative and creative solutions for social issues and The Good Lab helps nurture them with talks, workshops, networking and mentorship which teach them how to implement their ideas.
27
Perspective
Chun Yu Yiu writes about Ada Wong's work
Qualities of social entrepreneurs

failure as something negative. In fact, by learning from their mistakes, and by evaluating them, they can ensure that the same mistakes are never repeated.
As standards of living in Hong Kong have improved, so people have become less desperate for money than they once were. Hence their primary consideration when seeking work does not need to be salary. Instead, they have the chance to seek meaningful work. Moreover, society should not rely solely on the government to provide help for the less fortunate. Social entrepreneurs have a mission to promote social justice, create job opportunities and ensure that fewer people are left behind. Sceptics may argue that social entrepreneurs cannot make a huge difference to society, but as numbers increase their merits will become increasingly evident.
Encouraging young social entrepreneurs

Ms Wong believes that there are many aspiring individuals in Hong Kong who are born entrepreneurs but have not yet had the chance to set up in business. You cant force it but you can encourage it. If its in you and you try, even if you are not very successful the fact that you have actually started up your own company when you were young will do you no harm in a future career. I want to encourage the confidence and the broader vision that comes with trying and the further horizons that come with imagination.
Learning from mistakes, not fearing failure

Successful social entrepreneurs should be dedicated, committed, passionate, out-of-the-box thinkers with many ideas and a positive attitude. They should work with the aim of changing the world for the better, by upgrading other peoples lives, never being afraid that their enterprise will fold or fail, and never seeing
Chun Yu Yiu Year 11 Island School
Hong Kong Social entrepreneurship

Doris Leung, the CEO of Diamond Cab in Hong Kong opened her company about two years ago, providing a taxi service for disabled people in wheelchairs. Today, not only is it profit-making, it also successfully fills a previously un-served need of a disadvantaged sector of society. In Diamond Cabs, families with disabled members can travel together a lot more easily. This promotes better relationships between the disabled, their family members and carers. More information at http://www.diamondcab.com.hk/en/ Dialogue in the Dark provides jobs to the disabled. The enterprise originated in Germany and raises awareness by employing blind guides to lead visitors in absolute darkness. They learn how to interact by using their other senses and experience what it is like to be blind. The enterprise is committed to promoting social inclusion, tolerance, respect and appreciation of individual differences. More information at http://www.dialogue-in-the-dark.hk/web/?lang=en and in Taipei at http://www.dialogue-in-the-dark-tpe.com/
Diamond Cabs for wheelchairs p
28
Perspective
Reducing risk
Pradyumn Dayal discusses strategies
Entrepreneurship is a high-risk, high-reward challenge. Roughly 70% of new businesses fail and their creators are likely lose everything they have worked on. Is it any surprise then that an increasing number of young people are afraid to put everything on the line and prefer a stable career like medicine or law? Of course, there is nothing wrong with being a professional rather than an entrepreneur I work as a lawyer, says Ms Wong. However, she hastens to add that young people have almost nothing to lose. They are full of energy and arent bogged down with responsibilities like children or mortgages. In fact, the best time to be an entrepreneur is probably in your mid-twenties look at Mark Zuckerberg, Bill Gates and many other famous innovators of our time. Every product you use, from the laptop this article was written on to the bus you ride to school , started off with an entrepreneur who took risks. In the past, when there were not enough jobs around, people created jobs for themselves. After all, she says, How did Hong Kong become the amazing place it is today? It was partly through the work of entrepreneurs like Li Kashing. Now, everyone wants to do a BBA and study law.
Pradyumn Dayal Year 10, German Swiss International School
Risk in small steps

It is important to note the vital difference between taking random risks and being a calculated risk-taker. Leonard C. Green, an astute entrepreneur and investor, and a teacher at Babson College, one of the best schools globally for teaching entrepreneurship and business, claims that the best entrepreneurs try to reduce risk every step of the way. In fact, he goes so far as to describe great entrepreneurs as risk-averse, always taking small steps so that if they fail, the effect is minimal.1 The upside to the risky business of entrepreneurship is the high rewards it can bring. If a new business does well, the growth and increase in value is phenomenal and the entrepreneur gets most of the money, respect and fame. Henry Ford had a net worth of US$180-200 billion, and was famous for his revolutionary assembly line concept.
Four ways to minimize loss

How does one manage risks so as to avoid losing large amounts of resources? There are four main strategies.2 Risk avoidance, risk reduction, risk transfer and risk assumption. Risk avoidance is refusing to take part in an activity that seems too risky, such as refusing to open a new outlet that will require huge loans. Risk reduction is just lowering the chance a negative thing will happen, such as installing sprinklers to reduce the risk of fire. Risk transfer is shifting the consequences of risk to something outside the business, most commonly insurance. Finally, risk assumption is planning your budget by expecting the worst, assuming you will fail and working from there.
1. http://www.entre-ed.org/_teach/busrisks.htm 2. http://www.forbes.com/sites/actiontrumpseverything/2013/11/06/ entrepreneurs-are-not-risk-takers-they-are-calculated-risk-takers-that-oneadditional-word-can-be-the-difference-between-failure-and-success/
The Good Lab

The Sparkle, 500 Tung Chau St, Cheung Sha Wan, West Kowloon tel 3996 1933 web http://goodlab.hk/contact-us/
Membership plans
20 hours per month: 50 hours per month: 20 hours per month: Start-ups per month: Networking & programme members: HK$380 HK$880 HK$1,900 HK$2,900 HK$500 per month
(The Good Lab)
See the next article for a story about an HKFYG-fostered social entrepreneur.
29
Profile
Empowering women through photography

by Bonnie Chiu co-founder of Lensational
e take photographs every day to capture memories, thoughts and emotions. What we see as a necessity, however, is a luxury in the developing world. This is why a young entrepreneur and her co-founder set up Lensational, a non-profit social enterprise founded on the principle that giving underprivileged women cameras and training in photography can empower them emotionally and economically.
When I was In Istanbul, Turkey, two years ago, a girl came up to me and asked if she could take a look at my camera. Shed never had the chance to use a camera before. The sheer joy on her face as she learned how to use one inspired me to use photography as an agent of social change. Photography is a universal language that transcends boundaries and connects cultures.
Shed never had the chance to use a camera before
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A young Turkish photography student p
Profile
Witness to change
This inspiration led to the birth of Lensational. The name, Lensational, is a combination of lens and sensational. My co-founder, Peggy Tse, and I believe that the model of social entrepreneurship holds potential for empowering women emotionally and economically. Lensational allows women to share their sensations through photography by giving them an outlet for the expression of their emotional needs as well as their natural talent for doing so. Since Lensationals establishment on 8 March 2013, International Womens Day, we have taught photography to 120 women in Hong Kong, Myanmar and Pakistan. Seeing the change in Lensational students is what keeps Lensational going. Here are some stories I would like to share with you.
so poor that she has no clothes, no toys, no chance to go to school
The issue: gender inequality

Our belief in gender equality and the need to empower women to overcome inequality underlies our work. The reason can be seen in this photo of a little girl which I took when teaching photography in the urban slums of Pakistan. This girl is so poor that she has no clothes to wear, no chance to go to school, no toys whatsoever. The limited resources at home are allocated first to her brothers. Without any opportunities, she will grow up to be one of 517 million illiterate women in the world*1. She is likely to be extremely dependent on her family. After all, women only earn 10% of all income worldwide. Almost three-quarters of the world's 775 million illiterate adults are found in only ten countries. The top two countries are China and Pakistan.2
A little girl so poor that she has no clothes, no chance to go to school, no toys p
Equality between women and men, or gender equality, refers to the equal rights, responsibilities and opportunities of males and females. It means that womens and mens rights, responsibilities and opportunities will not depend on whether they are born male or female. Gender equality implies that the interests, needs and priorities of both women and men are taken into consideration, recognizing the diversity of different groups of women and men. Gender equality is not a womens issue but should concern and fully engage everyone. It is seen both as a human rights issue and as a precondition for, and indicator of, sustainable people-centered development.
Based on http://www.un.org/womenwatch/osagi/conceptsandefinitions.htm
31
Profile
Inequality in Pakistan
In Pakistan, I taught photography to school children in the rural villages. During a one-hour session, I witnessed how photography has given girls the courage to dream the impossible. First, I gave the children disposable cameras and let them take whatever photos they wanted. These are the results.
p Who holds the power?
The moto-taxi seen in these photographs is a common form of transport in Pakistan but women rarely ride on them ... or drive them. So I asked if anyone wanted to pose on the moto-taxi. But one girl raised her hand. You can see she how has the confidence to sit on the motor-taxi, and hold the handlebars. Look at the expressions on the boys faces! But she has the courage to drive.
A lot of girls hesitated p
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She had the courage to drive p
Photos copyright Lensational Limited
Profile
Inequality in Hong Kong

Even though Hong Kong appears to be rather progressive on womens rights, during my internship at Amnesty International, I discovered that the apparently rosy picture masks some murky issues. Hong Kong is home to 300,000 migrant domestic workers, mainly from Indonesia and the Philippines. Despite making up 4% of Hong Kongs population, these women are seen as second-class citizens. The research I conducted on the rights of migrant domestic workers show that gender equality is still yet to be achieved in Hong Kong. Lensational aims to tackle gender inequality on both the local and global levels. Hence, we started the first photography education workshop in May 2013 targeted domestic helpers in Hong Kong and later expanded to two developing Asian countries, Myanmar and Indonesia in summer 2013. Wherever the need for womens empowerment exists, Lensational will go. We believe we can change the world for women and girls, one camera at a time. There have been Lensational photography education workshops in London this year. They are followed by exhibitions in Hong Kong in April 2014. Stay tuned and visit http://lensational.org for more information and more stories of women and girls worldwide.
Global Gender Gap
The highest possible score is 1 (equality) and the lowest possible score is 0 (inequality). 1 - 0.75 0.74 - 0.72 0.71 - 0.70 0.69 - 0.68 0.67 - 0.66 0.65 - 0.60 0.59 - 0
Source http://en.wikipedia.org/wiki/File:Gender_Gap_Report_2012.svg
Bonnie Chiu, a past participant in HKFYGs Hong Kong 200, completed a BBA at the Chinese University of Hong Kong and is now doing a Master in International Relations at the London School of Economics.
1. 2011 Global Gender Gap Report, the World Economic Forum: http://www3.weforum.org/docs/WEF_GenderGap_Report_2011.pdf 2. https://www.cia.gov/library/publications/the-world-factbook/fields/2103.html
33
Talking point
mother vs. daughter

by Lakshmi and Shakti Jacot I am a mother in the throes of one of lifes greatest challenges: trying to parent an about-to-be teenage girl. What is it about this stage of life that completely reduces me to someone Ive fought all my life not to be, a screaming shrew with little self-control, patience, calm, and most of all, rationality? This was a shock in itself. But what happened to my adorable little girl, the one with the chubby cheeks and the big doe eyes who thought I was the be all and end all of her life? The one whose little portrait of a stick-figure mother holding the hand of a stickfigure daughter adorned with the words, I love you Mama is stuck up in my office? Why cant she just be a younger version of my self-perceived present-day self: aware, mature, moderate and oh so empathetic?
The Long Battle
...what happened to my adorable little girl, the one with the chubby cheeks and the big doe eyes?
34
Talking point
...every time my mother opens her mouth it is to say No.
According to experts, including psychologists, doctors, teachers and even experienced parents, this is a passing phase. Something to be endured for as long as one to eight years. Just bear with it, is the comforting refrain, itll soon pass. Not soon enough for me. On those rare occasions when there is a truce and an uneasy quiet prevails, I try to think. And what Ive concluded is rather awkward to confess. I now believe that much of this adolescent volatility is due to our own meaning adult denial and contradiction. Denial because it is not easy to see this baby girl slowly growing up and metamorphosing into a beautiful young adult, yet still unblighted and unsullied by potential sorrows and hardships that I know await. I do not want her to grow up because I know I cannot protect her as I could when all that was required was a kiss and a band-aid to make everything better. And, of course, denial because as she grows older, so do I. Contradiction because from the earliest moments of her life, Ive stressed independence: independence in sleeping, independence in eating, in walking, even in reasoning. And now when she tries to assert her obviously independent mind, I protest. And the battle begins. Contradiction because for all the exhortations to be yourself , I still want her to be a recognizable, rather than unfamiliar, reflection of my own dreams and hopes.
What was I like to my mother at the same age? Ive cloaked the memories in such a way that I cannot really recall the battles, the screeching, the slamming of doors. I cant remember as much passion in my relationship with my mother as a pre-teen as my daughter seems to induce in me. And it is too late to ask my own mother now. But I know it is selective memory. I also know that as she passes through oh please, let it be sooner rather than later this phase, culling these moments of carnage from the mind will also occur. They have to. Otherwise how does one explain adult mother-daughter relationships that are so full of love and joy, and, on the part of the mother, admiration, for what our child has become?
What is wrong with my mother?

It seems that every time my mother opens her mouth it is to say No. No, you cant have this. No, you cant do this. No. No. No. And then when I ask, Why not? I get an answer so long and complicated, I give up wanting to know why in the first place. My mother just cant seem to make up her mind. Sometimes she tells me she wants me to be an independent individual and to have my own identity. Then when I try, she just gets all worked up! I dont really understand why she is so unreasonable. I just want her to mellow out and be like she was before. Until that happens, Ill just keep doing my thing and be happy that Ive got my really cool headphones for company at home!
35
City space
Charging for garbage

isposing of municipal solid waste (MSW) in Hong Kong is a serious problem. Government statistics estimated that 9000 tonnes of MSW are sent to landfills every day and the situation continues to worsen. In order to deal with the situation the government has proposed charging to show how important it is to reduce waste.
Recently, the Hong Kong Council for Sustainable Development conducted a public consultation about the best way to implement MSW charging and invited the public to share their views.
Hong Kongs rubbish today
from home ...
...to the bin on landing
Proposed charging mechanisms

charges paid by each household according to volume, with each household taking filled pre-paid garbage bags to designated point for disposal charges paid by each building management company according to weight and passing on charges to individual households via management fees charges paid by each building management company according to volume and passing on charges to individual households via management fees
...into a skip ...or a pile on the street
... then into a truck old tyres and food all together
36
...and down to the depot
City space
Solution: pay as you throw (PAYT)

PAYT programmes began in the US the 1970s, although there was a pioneer scheme in operation in San Francisco by 1932. In Europe, Austria was first. Most other European countries had PAYT by the 1980s when efficient and secure electronic identification systems became available. Policy in Britain varies. PAYT has been implemented in some mainland cities, in Singapore, South Korea, Thailand, Vietnam, China, and Taiwan but the burden carried by households around Asia varies. Guangzhou residents pay 15 yuan (approx HK$19) a month per household for waste disposal, and charging for waste disposal according to the number of rubbish bags used began in July 2012. Government-made bags are collected from distribution points and used to take waste to the garbage trucks. Every household gets 60 bags per month and more can be bought for 0.5 yuan. The bags even have anti-counterfeiting marks, along with serial numbers, so that they can be matched to individual households. Seoul householders have been taking filled prepaid garbage bags to designated collection points for disposal since 1995. Bag capacity ranges from 2-100 litres and the price of bags varies accordingly at roughly Korean won 16.5 (HK$0.11) per litre. Taipei has implemented a per-bag charging system in 2000. Bags vary from 3-120 litre sizes and cost 5-20 TWD (approx HK$1-5 each). Sorted recyclables are taken by waste collection trucks free of charge.
Sources https://www.chinadialogue.net/article/show/single/en/5057 http://www.legco.gov.hk/yr12-13/english/ panels/ea/duty_v/eavp1304-3-e.pdf http://www.greenpower.org.hk/html/Eng/2012_2.shtml
In Hong Kong, there has been a charge for disposing of demolition waste since 2006, but no charges are made for commercial, household or industrial waste disposal although about 13,400 tonnes of waste are collected and sent to landfills every day. About 67% of it is municipal solid waste. Thats enough to fill at least four Olympic size swimming pools. It cannot continue and targets in the governments Blueprint for Sustainable Use of Resources 2013-2022 has set targets to reduce per capita disposal rates at source by 20% in 2017 and 40% by 2022.
http://www.susdev.org.hk/english/irdoc/irdoc_1.php
Various charging levels have been suggested, including basing charges on levels used in other counties or cities. (See box.) The public consultation period on the topic ended in January.
Options for household rubbish
HK$30 - $74
per month for a typical household.

Source: South China Morning Post, 10 February 2014, C4. Public Consultation on cash for trash.
Decision-making
Finding a solution to our waste problem is of paramount importance and discussions between all stakeholders need to take place. Then, the best fit in environmental policy can be identified and implemented. The underlying message behind MSW Charging is to think before you buy and share non-necessities with others. Waste charging is not intended as punishment. Rather, it is meant to show how important it is to reduce waste while providing an economic incentive for behavioural change. The most desirable outcome would be a more sustainable lifestyle and less use of disposable non-essentials. In other words, if you use less and waste less, in the end you will pay less.
http://www.susdev.org.hk/english/index.php (Council for Sustainable Development)
37
Arts & culture
Why We Play
by Jimin Kang
by loudtiger http://www.flickr.com/photos/loudtiger/4631255798/
The ability to play an arpeggio or pizzicato is increasingly common in a vast number of students. In fact, more children are learning to play musical instruments than ever before. With 40 million students currently practicing the piano in China alone, it isnt hard to see how big a phenomenon it has become. But beyond the solidity of the statistics, one unquantifiable question remains: what is fuelling the growth in musical skills? Have 40 million children been born with an innate passion for music? Or is it something else entirely?
when parents have to start nagging [their children] to practice. When kids begin to lose momentum, they might eventually give up. So many individuals today are choosing to continue to play, regardless of why they started out in the first place. What is the incentive?
Twin incentive
One answer was given by the members of Twincapella, an a cappella group consisting of two sets of twins, Sonia and Hillary Yuen, and Caitlin and Maegan Yeung. They were introduced to various musical instruments by their respective parents when young. According to both sets of twins, the parents wanted to provide their children with something they never had themselves: the chance to create music, a feat deemed, according to Maegan, beneficial to [their] growth as young people. However, music lacked personal allure to begin with. Back then, we didnt really understand why we had to play a musical instrument, says Caitlin. But later,
Who decides on lessons?

Lets face it: not everyone who plays an instrument enjoys doing so, especially in a place like Hong Kong, where knowing how to play is considered to be ability on par with, say, understanding algebra. In fact, it is the parents of a large number of students who decide they should learn to play. According to Dr Ann Mok, a secondary school counsellor at Chinese International School, there are several reasons. Some parents view learning about music as a good thing to do ... others may have learnt music themselves and realized the benefits. On the other hand, they may feel that music was a lost opportunity for them, and dont want their children to miss it as well. However, even if parents make their children learn music from a young age, it doesnt mean that they will continue playing. Dr Mok agrees that music needs good discipline, and thus, it creates tension at home
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Arts & culture
by robleto
http://www.flickr.com/photos/grobleto/1591178423/
we realized that music would become a very important part of our school life. As the musical careers of all four girls developed - from joining the Junior Programme of the Hong Kong Academy of Performing Arts as Piano and Violin Majors, all the way to creating their own successful a cappella group - they were able to discover what truly kept the fire alive. It was the people they met. I got so much encouragement and inspiration from people. This cultivated my love and passion for music. says Hillary. People power motivated the other girls too. The fact that we took part in extra-curricular music activities such as orchestra and choir both inside school and outside school helped us meet new people and make new friends, claims Maegan. Sonia believes that her motivation to continue with music is how she gets to appreciate and share music with the community. Their audiences and supporters showed them they could make people smile with the power of their music. Maegan says I know its cheesy, but I wholeheartedly agree when people say music is a universal language.
However, it all changed last summer. I found myself becoming more and more enthralled by the piano. It happened after a friend from Spain taught me how to play a song by one of Asias famous young pianists, the Korean, Yiruma. I then spent three days at the piano, trying to perfect the song. Today, whenever I sit down at the key board, I think of the way music can transcend borders and I marvel at the thought of future opportunities to pass on what I have learned. And, of course, much to the delight of the stakeholders involved, I am now practicing, perfecting and performing more than ever.
Keeping going
It is undeniable that among the 40 million students learning the piano today, a fair number are doing so at the direction of their parents. But what is also undeniable is that for the majority, there is a personal reason why they continue to play, right to the last note. Its because as they develop as musicians, so they develop as people, with the passions and motivation that keep them going in the long run. Many see music through the lens of statistics... the millions of students, the number of pieces they can play. Perhaps it is time to realize what really makes music most wonderful. And what is that? Ask any musician why they play, and youll be sure find out.
Universal experience
I too have come to embrace the universality of music as an incentive. As someone who started playing the piano at a young age under the all-too-ubiquitous parental influence, I often found myself placing the piano at the bottom of my list of priorities and rarely practicing, much to the frustration of my parents and teacher. Why? To put it simply, I just couldnt will myself to practice. Was there anything to look forward to? A personal principle to uphold? The answer, unfortunately, to both questions was: no.
Jimin Kang, Year 11 Chinese International School
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Arts & culture
2014 HKFYG Jockey Club Hong Kong International a cappella Festival

from Gabriel Lee Music Administrator
The Idea of North (Australia)

Australias best and most successful contemporary vocal quartet is giving the festivals a cappella Master Series show this year. Their name, The Idea of North, came from a 1960s radio show and their sound and style crosses many genres including jazz, folk, gospel, pop, classical and comedy. The Idea of North has a significant local and international fan base and perform frequently in Australia and abroad. With many awardwinning recordings, their 2010 release, in collaboration with jazz great James Morrison, won the 2010 ARIA award (Australian Recording Industry Association) for Best Jazz Album. As Morrison puts it, A cappella is sometimes thought of as being minimalist, but when you can sing and entertain like The Idea of North, a band [with musical instruments] would just get in the way. web www.idea.com.au watch them at http://www.youtube.com/watch?v=tadkhuwNgRs http://www.youtube.com/watch?v=onHTTy0Gp9k
Musae (US)
From as far south as Atlanta and as far north as Boston, Musae comes together to give their audiences a party. Founded in 2011, Musae has already gained acclaim for performances at various a cappella festivals and placing at the Boston Harmony Sweepstakes. As a powerhouse, allfemale vocal band, Musae shares a fresh and fun sound while playing on their sense of femininity and womanhood. True to the original Latin, these "muses" seek not just to inspire but also to breathe new life into the professional vocal scene in the United States and abroad. web www.musaevocal.com watch them at http://www.youtube.com/watch?v=lVI6rwhM38Y http://www.youtube.com/watch?v=6RbH2S_rq7c
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Arts & culture
our visiting groups from overseas will feature at the Federations a cappella festival, sponsored again by the Hong Kong Jockey Club Charities Trust this year. Three of them will be performing alongside the HKFYG Hong Kong Melody Makers at the Grand Opening concert when local stars Justin Lo and Robynn & Kendy will also be on stage. (See next page for full programme details.)
JARNZ (Japan)
Hailing from Hokkaido in Japan, the five-member male a cappella group, JARNZ, brings laughter and tears to audiences through their songs. Their music has been played regularly on the radio and they won the Japanese National a cappella Championship in 2008. In 2011, they released their first single, Donzoko Heaven, on a single that also a theme song used on TV Hokkaido. The group has regularly toured in Japan, with gigs in Sapporo, Tokyo, and Osaka. web www.jarnz.com watch them at http://www.youtube.com/watch?v=qN2rdiPkJIs http://www.youtube.com/watch?v=PTmFXW1RRCs
The Sons of Pitches (UK)

This British a cappella group got together at the University of Birmingham, UK, in 2010. Since then, The Sons of Pitches have been gigging regularly around Britain and won the regional round of the Voice Festival UK in 2012 and 2013, going on to compete in the National Finals in London. Stylistically, they use vowel sounds and mouth shapes to control the audible harmonics of a note, producing an electronic, untraditional sound. They have received awards for Outstanding Arrangement, Outstanding Choreography/Stagecraft, Outstanding Performance, and Outstanding Vocal Percussion and were invited to represent the rest of world category at finals of the International Championship of Collegiate Acapella (ICCA) in New York. web www.thesonsofpitches.co.uk watch them at http://www.youtube.com/watch?v=elb0cIna9Os http://www.youtube.com/watch?v=jRyNECtOiPA
With many thanks to our major sponsor, The Hong Kong Jockey Club Charities Trust
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Arts & culture
2014 International a cappella Extravaganza Grand Opening with:

Musae, The Sons of Pitches, JARNZ, Justin Lo, Robynn & Kendy and the Hong Kong Melody Makers
Friday 28 March 2014 8:00pm Saturday 29 March 2014 8:00pm Arena, Queen Elizabeth Stadium Tickets $100 from www.urbtix.hk
Robynn & Kendy

After releasing the a cappella version of the theme song to Taiwanese blockbuster You Are the Apple of My Eye, Robynn & Kendy became immensely popular. Robynn studied psychology at Northwestern University in the US when she became fascinated by choral singing and took up a cappella. Kendy joined the Youth Music Theatre and started performing when she was at the London School of Economics. She wrote the theme song to the popular Hong Kong movie Love in a Puff. The duo joined up in 2011 and now has their own unique crossover take of popular film songs and lesser known songs that are rich in warmth and passion.
Justin Lo
After completing a degree in the US, Justin Lo began his career in music in 2003. In 2005, he performed in an a cappella section with Leo Ku. His outstanding performance was appreciated by Paco Wong, a soughtafter artiste manager in Hong Kong, who signed him up as a singer and he released his debut album the same year. Justin writes many of his own songs and has performed in Macau, Malaysia and Sydney, as well as Hong Kong where he collaborated with the Hong Kong Philharmonic Orchestra in 2007. His 2013 concert tours brought further acclaim and he is now based in mainland China.
2014 International a cappella Marathon with:

Musae, The Son of Pitches, JARNZ and local a cappella groups
Sunday 30 March 2014 4:00pm Piazza C, Hong Kong Cultural Centre Admission free
Magical Moment Multi-Media Theatre with:

The Hong Kong Melody Makers and Hong Kong Youth Dance
Saturday 5 April 2014 8:00pm Sunday 6 April 2014 8:00pm Theatre, Hong Kong City Hall Tickets $220, $150 from www.urbtix.hk
HKFYG Hong Kong Melody Makers

The HKFYG Hong Kong Melody Makers (HKMM) youth choir was established in 2004 with sponsorship from The Dragon Foundation. The singers reflect Hong Kong's vivacity and give voice to the city's cosmopolitan spirit. Their shared passion for music can benefit the entire community, enrich Hong Kong's cultural life and promote a cappella music.
HKFYG Hong Kong Youth Dance

The HKFYG Hong Kong Youth Dance (HKYD) troupe was founded in 2008 and performs modern dance, hip hop and jazz funk, with the vitality and confidence of youth. The dancers embody Hong Kongs flexibility and energy with their graceful moves, vigour and diversity, bringing dance culture to all with great zest and enthusiasm.
2014 a cappella Master Series with:

The Idea of North
Thursday 10 April 2014 8:00pm Concert Hall, Hong Kong City Hall Tickets $350, $250, $150 from www.urbtix.hk
2014 a cappella at Sha Tin Town Hall Plaza with:

Musae, The Son of Pitches, JARNZ and local a cappella groups
Sunday 13 April 2014 4:00pm Sha Tin Town Hall Plaza Admission free Tickets are available at Urbtix now Web: acappella.hkfyg.org.hk Tel: 2395 5753
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HKFYG
Summers coming
at our bigger, upgraded Sai Kung camp
he newly expanded and refurbished HKFYG Jockey Club Outdoor Training Camp in Tai Mong Tsai is now open for summer booking. Located in the Sai Kung Country Park neighbourhood, it occupies 14,400 square meters, can accommodate 230 people overnight plus 200 for daytime or twilight activities. To make a reservation
1. Call 2792 2727 to check for availability 2. Download a booking form at http://otc.hkfyg.org.hk 3. Fill it in and return it: by email to otc@hkfyg.org.hk by fax to 2792 6363 by post to HKFYG Jockey Club Sai Kung Outdoor Training Camp DD256, Tai Mong Tsai Road, Sai Kung We will check details and make your reservation and staff will contact you if further details are needed. They will also give you information on completing the booking.
Built between the mountains and the shore, with selfcontained and dormitory-style accommodation, the Federations Tai Mong Tsai camp has a green, tranquil setting that invites you to relax and have fun. Take advantage of all it has to offer, with glimpses of marine life and seabirds, mangrove wetlands and coastal variety. Courtesy of Phase III redevelopment funded by The Hong Kong Jockey Club Charities Trust, visitors can then relax in the camps stylish caf for refreshments and its comfortable rooms for the night. With its nearby villages and easy access to Sai Kung town, it is the ideal venue for outdoor training and educational activities. Please follow the booking tips below well ahead of time to avoid disappointment.
NGOs Peak season Duplex Guestroom for 28 $3360 Deluxe Guestroom for 12** $1440 Standard Guestroom for 12 $1200 Guestroom for 8*** $800 Guestroom for 2 $330 Day camp / evening camp $30 per person
Rooms
Off-peak $2800 $1200 $960 $640 $310 $25 per person
Private groups, families and companies Peak Off-peak $3920 $3360 $1680 $1440 $1440 $1200 $960 $800 $480 $400 $40 per person $35 per person
For activity charges, information about catering, food and beverage outlets and other news, go to http://otc.hkfyg.org.hk Go to Facebook https://www.facebook.com/otc.hkfyg to find more
Notes Peak times for rooms 1 June-31 August; all Saturday nights and all nights preceding public holidays Peak times for day and evening camps 1 June-31 August all Saturdays, Sundays and public holidays Deluxe en suite guestrooms have an approximate floor area of 60m2 Standard en suite guestrooms have an approximate floor area of 56m2 All rates exclude meals Air conditioning free 1900-0700 May-October
Book now and enjoy our new-look camp with fun, comfortable lodgings and outdoor activities.
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City space
HKFYG KK Cheng Kindergarten
Welcome to
The new non-profit making HKFYG KK Cheng Kindergarten ( ) in Ngau Tau Kok occupies nearly 740 square metres on the G/F of Choi Shing House, Choi Tak Estate. It is the estates only kindergarten and its catchment includes mainly working-class families. Over 90% of its students come from new immigrant families living in the area. Whole-day classes began in September last year with pupils aged 3 to 6. Nursery classes for students aged 2 and 3 are planned for the near future.
Learning with picture books, multimedia and projects

The principal and teachers are supported by teaching assistants and the integrated approach to teaching and learning is delivered via a curriculum characterized by projects and picture books. In the project approach, topics vary widely and include snack food, animals and transport. If, for example, the pupils choose food as the topic, the teacher will introduce different kinds of food, show them the food pyramid, and explain the difference between healthy food and unhealthy food. Moreover, students are given opportunities to grow their own food by planting seeds, watering the plants and making observation reports. Students may then go with their class to buy a healthy snack at a nearby supermarket or have a healthy snack party at school. This experience-oriented method not only arouses interest in learning, but also helps students to develop self-learning abilities.
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The Kindergarten was set up with a donation from the Verdant Foundation and named after the donar's father.
City space
In the picture book approach, students learn through stories, and teachers develop a variety of learning activities based on the stories. This builds a habit of reading and enhances trilingual language proficiency in Cantonese, English and Putonghua. Multimedia learning aids such as iPads are provided for pupils to share for learning activities. They can also be used in free time for play, including matching games, memory games and English vocabulary quizzes. There is physical activity too which complements learning and cultivates a healthy lifestyle. Cycling, playing on the slide, and running give the children a healthy appetite so there is a healthy menu to match, with extra vegetables for lunch.
HKFYG KK Cheng Kindergarten

Address Shop 1, Choi Sing House, Choi Tak Estate, 8 Choi Hing Road, Ngau Tau Kok, Kowloon Open Monday to Friday 9:00am to 4:30pm, Saturday 9:00am to 1:00pm Fees HK$ 3,799 per month, including meals Note As a member of the voucher scheme, the school offers a subsidized fee of HK$2,340 per month to voucher holders. Needy families apply for the Kindergarten and Child Care Centre Fee Remission Scheme in addition to being members of the voucher scheme. Contact tel 2385 2622 email kkc@hkfyg.org.hk Web http://kkc.hkfyg.org.hk/
Some key features at KK Cheng

developing logical thinking through basic maths, solving riddles, and discussing stories building communication skills with group projects and communication between students and teachers exploring creativity with art, drawing and crafts, plus group projects enjoying a stimulating learning environment with wall decorations changed to match learning themes emphasising language development through a variety of reading activities encouraging students to share their views and thoughts by providing opportunities for them to speak in front of others
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HKFYG
Volunteering
Letting Love Fill Life

olunteering is big in Hong Kong and easyvolunteer.hk is a new search engine from HKFYG for popularizing volunteering and mobilizing young volunteers. As a bridge between volunteers and voluntary work Service Opportunity Providers (SOPs), easyvolunteer.hk matches preferences with opportunities. Once registered, both volunteers and SOPs can enjoy the matching service.
Why use easyvolunteer.hk ?

This new search engine from the Federation is user friendly, online and interactive. You can access it anywhere on a smartphone or tablet. Volunteers use it to search for their preferred services and SOPs can choose suitable volunteers from those registered.
3 Steps to Registration
If you want to be a volunteer If you want to be a Service Opportunity Provider
Visit easyvolunteer.hk
Visit easyvolunteer.hk
Click Register as Volunteer
Click Register as Service Opportunity Provider
Fill in personal information and submit, then receive an activation email.
Fill in details and submit supporting documents.
Apply for voluntary work immediately after activation.
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Successful SOPs will receive a confirmation email and can then upload volunteer service information and recruit volunteers.
HKFYG
With the latest volunteer updates and news, easyvolunteer.hk is about sharing experiences and inspiring others to volunteer. Its also about making friends and volunteering together, connecting volunteers and spreading the news of easyvolunteer.hk on social media.
What else?
Volunteers can record completed service hours approved by SOPs. They have access to self-enhancement through online training materials. They can also enjoy recognition and privileges through accumulated points gained by volunteering and sharing experiences.
Visit easyvolunteer.hk to enjoy the service matching experience!
Funded by
Download the HKFYG App to access easyvolunteer.hk, and receive the latest HKFYG news.
More Infomation The Hong Kong Federation of Youth Groups The Hong Kong Jockey Club Community Project Grant: Youth Volunteer Network Tel (852)2169 0032 Fax (852)2893 3034 Email yvn@hkfyg.org.hk Web yvn.hkfyg.org.hk
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HKFYG
HKFYG Jockey Club
Media 21 School Net
onnect with media, create with media and produce with media: all at M21, and all available on the M21 School Net. It is now equipping member schools to watch the HKFYGs tailor-made youth-produced programmes streamed on the internet.
Free to air programmes

Topics of free M21 School Net programmes include liberal studies programmes such as Youth Speak and Policy Online. Feedback from students is on the opposite page. Social issues are covered in news reports from young reporters and there is language learning with pronunciation, grammar, vocabulary and idiom in two languages and three dialects. Study and careers are discussed in interviews with professionals and successful young entrepreneurs. Reinforcing core values, the life education programmes, produced by youth, encourage facing difficulties bravely. Going green discusses the healthy, environmentally friendly lifestyle, with green clothing, eating and transport in daily life. Entertainment includes new songs, new CDs, new drama, new books, and weekly sports features with invited guest artistes. Arts and culture explores the performing arts scene with well-known local directors and actors, band sound, beat box, a cappella and jam, with dancing, magic, drama and film.
Features
Values education video library with real-life examples Intra-school sharing platform Enhancement of current awareness for liberal studies Engagement with policymakers on Youth Speak and Policy Online TV series Support for campus TV with training and practice of transferable skills Following media trends via exchange with the media industry Advance entry to M21 competitions to encourage creativity Discounts for early booking of media production facilities Free advertising time slots to promote your school
More information at www.m21.hk
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Address HKFYG Hong Kong Jockey Club Media 21, LG 2/F, Shek Pai Wan Shopping Centre, Shek Pai Wan Estate, Aberdeen, Hong Kong. Contact Nelson Chung, tel 3979 0022 or Karina Chan, tel 39790042, for more details
Sponsored by The Hong Kong Jockey Club Charities Trust
HKFYG
M21 Current Affairs Programmes on School Net

Two students who took part in M21 TV discussion programmes, Policy Online and Youth Speak, write here about topics discussed and then shown on School Net. All programmes are available to watch on School Net.
Housing: todays policy and tomorrows alternatives

Hong Kong is one of the most densely populated cities in the world. Not surprisingly, Chief Executive CY Leung put housing and land development at the top of his agenda, recommending 470,000 extra housing units to be built in the next ten years in a 60:40 ratio of public to private. However, in reality, flats are too expensive for working class people. Sales of flats generate huge revenue for property developers and benefit speculators, but they do nothing to rectify the problem of misallocation of flats or really help people in need. In fact, I believe the government should follow alternative housing models, such as encouraging more affordable rental property with rent control. Better regulation can protect both owners and tenants, and reduce some of the incentives for speculative property purchase. Affordable social housing, owned by insurance companies and managed by cooperatives, is another alternative. Shared management brings a sense of responsibility and commitment in tenants and could, ultimately, relieve some of the problems caused by an aging population and the dispersal of the traditional extended family. Hong Kong had such social housing from the 1950s-1980s in the form of Civil Servants' Cooperative Building Societies. Nevertheless, although alternatives like these exist, in reality, peoples deep-rooted dream of home-ownership, plus the vested interests of developers and the government policy of setting high prices on land sales, are unlikely to change soon. Eric Lee Year 3, Hong Kong Polytechnic University
The Budget: spending, deficits and taxation

Young people like me should be aware of the annual budget and its expenditure projections. They will have a direct impact on our future. So, in preparation for the M21 Youth Speak programme. I looked at discussion forums on the internet and many people seemed to be putting too much emphasis on the HK$20 billionworth of sweeteners. These one-off handouts include tax rebates and rates waivers for about 1.74 million taxpayers. Nevertheless, the Financial Secretary warned that a structural budget deficit in seven years time is inevitable. The crux of the matter is Hong Kongs narrow tax base. Some economists say that the simple taxation system in Hong Kong is a great advantage, but only with a broader tax base can public spending be made affordable and sustainable at present levels. A green tax has been suggested, offering incentives for reduced emissions and a levy on environmentally harmful products. Such forms of taxation are designed to encourage individuals, families and businesses to use resources efficiently and to discourage practices that damage the environment. However, in my view, many other remedies need to be discussed. A green tax is not enough. Rex Lai Tat-shing Year 4, Hang Seng Management College
by 401 (K) 2013 http://www.flickr.com/photos/68751915@N05/6869762317
by 401 (K) 2013 http://www.flickr.com/photos/68751915@N05/6869762317
How to apply for membership

Go to http://membership.m21.hk/school Take out a School Membership subscription Join the M21 School Net
Fees
First 200 schools Sponsored by the Hong Kong Jockey Club Charities Trust Enrollment FREE Set-top box and installation FREE Download free M21 School Net programmes at http://m21.hk/schoolnet
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HKFYG
HSBC Financial Dialogue Series 2013/14

he HSBC Financial Dialogue Series, organized by HKFYG and sponsored by The Hongkong and Shanghai Banking Corporation Limited, aims to nurture Hong Kongs future financial leaders by engaging local university students and selected HSBC Scholars, especially those studying finance, business and economics. Prestigious leaders and financial experts are invited as guest speakers to interact with participants, share insights with them, and give in-depth analyses on current business issues.
At the first session, on Renminbis role in the world economy going forward , the speakers were:
Guest Speaker Prof Liu Ming-kang Former Chairman, China Banking Regulatory Commission
The major components of the Series are four Financial Dialogues, a Global Lecture and exclusive insight into HSBCs operations. The intention is to develop more global vision and to sharpen critical thinking in young people. About 200 students attend each session and they also have the opportunity to learn about the functions and operations of HSBC.
Mr Peter Wong Tung-shun Deputy Chairman and Chief Executive, The Hongkong and Shanghai Banking Corporation Limited
Guest Moderator Mr George Leung Siu-kay Advisor, Asia Pacific (Strategy & Economics), The Hongkong and Shanghai Banking Corporation Limited
More information on the HSBC Financial Dialogue Series Email leadership21@hkfyg.org.hk Tel 2169 0255 Web leadership21.hkfyg.org.hk
At the fourth session Going forward: Global economics in 2050 , Professor KC Chan, Secretary for Financial Services and the Treasury, HKSAR Government, Mr Andrew Sheng, President, Fung Global Institute and Mr Joe Ngai, Director and Managing Partner, McKinsey & Company Hong Kong, were the speakers . Two students at the session, Rebecca Yip Sin-yu and Mary Fung Yu-yan, share what they learned from the session.
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HKFYG
Sponsored by:
The second session was on, Hong Kongs place in a changing world economic scenario the road to 2020 and the speakers were:
Guest Speaker Dr Allan Zeman Chairman, Lan Kwai Fong Group
The third session was on, Business ethics and compliance in the evolving global economy and the speakers were:
Guest Speaker The Hon Ronald Arculli Senior Partner, King & Wood Mallesons; Former Chairman, Hong Kong Exchanges and Clearing Limited
Ms Anita Fung Yuen-mei Chief Executive Officer, Hong Kong The Hongkong and Shanghai Banking Corporation Limited
The Hon Mrs Laura Cha Deputy Chairman, The Hongkong and Shanghai Banking Corporation Limited; Chairman, Financial Services Development Council
Guest Moderator Prof Frederick Ma Si-hang Honorary Professor, School of Economics and Finance, The University of Hong Kong
Guest Moderator Mr Joe Ngai Director and Managing Partner, McKinsey & Company Hong Kong
Mr. Andrew Sheng, President, Fung Global Institute
Prof. K C Chan, Secretary for Financial Services and the Treasury, HKSAR Government
What impressed me the most in the Dialogue Session was from Mr Andrew Sheng. He predicted that China would shift from being a global manufacturer to a global consumer. He thought Hong Kong should grab this opportunity and brace itself for the future growth of in Chinese tourists and the consumer market they represent.
As an undergraduate studying economics and finance, I am very concerned about the worlds economy in 2050. What impressed me the most in the Dialogue Session was from Prof KC Chan, Never rely solely on what you learn in school. Beside daily study, you should go out and explore the world more.
Rebecca Yip Sin-yu The Hong Kong University of Science and Technology Year 2, BBA
Mary Fung Yu-yan The Chinese University of Hong Kong Year 2, Global Economics and Finance
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HKFYG
winners at
HKFYG Standard Chartered Hong Kong English Public Speaking Contest
inners in this years HKFYG Standard Chartered Hong Kong English Public Speaking Contest were Juliet Leung and Tse Yan-tung (Junior Division) and Yeung Chui-yan (Senior Division). They talk about their experience and give tips on public speaking.
What do you remember best about the contest?
Juliet Leung (Junior Division)
Tse Yan-tung (Junior Division)
Yeung Chui-yan (Senior Division)
Juliet Its the second time I have taken part but I have to say, when I started, my mind went totally blank! I had to ad lib but actually Im really glad. In fact, making it up as I went along was unforgettable!
Yan-tung The performance itself was very memorable. Even though I have taken part before, its the first year I've made it to the finals. Ive never stood in front of such a large crowd in such a big auditorium in my life before.
Chui-yan I had to keep saying to myself, Calm down and give your speech. Just like last year. I was so nervous at the beginning with so many pairs of eyes watching me. It was unnerving, but nevertheless the experience is what stays clearly in my memory.
You all gave your views on social issues. What were the most important points you made?
Juliet I was asked to speak about
social media, which I think is good for sharing thoughts and photos, and for connecting with family and friends. However it has become more and more commercialized and I think there are too many advertisements running on the screen when I use my account.
Yan-tung Social media is a very
good tool for communication and obviously a lot of people use it nowadays. It allows us to see people miles away, simply through the camera. Yet it also has its downside. If we misuse it, it can create more distance between us and the people around us.
Chui-yan Poverty was my topic.

Its a huge issue in Hong Kong. The government is increasing measures to alleviate poverty and I think it is moving in the right direction.
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HKFYG
Can you give readers a winning tip?

Juliet Just be confident and let go.
Dont be afraid of making mistakes as probably no one will ever know!
Yan-tung You just have to have confidence in yourself. Lastminute preparation doesn't really work. Dont read through your cue cards and try to memorize them just before you go on stage. Trust in yourself, know that you are well prepared, and that you will do okay.
Chui-yan Have confidence in what you are saying and believe in what you say. This is where the passion comes from. It makes what you say believable.
Scan these QR codes to see the winning speakers in action. Junior Division
q Judges and Guest of Honour (left to right)

Dr Arthur McNeill,
Director of Center for Language Education, HKUST
Dr Rosanna WONG, DBE. JP, Executive Director, HKFYG Juliet Leung

Heep Yunn School (Secondary 3)
Dr Otto Heim,
Associate Professor, HKU
Dr Verner Bickley, MBE

Chairman, Executive Committee, English-Speaking Union (HK)
Junior Division
Mr Scott Robinson,
Spokesman, US Consulate General
Mr Benjamin Hung, Tse Yan-tung

Diocesan Girls School (Secondary 3) Executive Director and Chief Executive Officer, Standard Chartered Bank (HK) Ltd
The Hon. Geoffrey Ma Tao-li, GBM

Chief Justice of the Court of Final Appeal (Guest of Honour)
Mr Gavin McDougall,
Director, Public Affairs, Australian Consulate-General Hong Kong
Senior Division
Mr Kwong-yue Yang,
Toastmasters International award-winner
Mr Robert Ness, Director, British Council Yeung Chui-yan

PLK Choi Kai Yau School (Year 11)
The Federations English public speaking contest is Hong Kongs largest and its champions have gained useful experience. Juliet Leung and Tse Yan-tung are going on to compete in the National China Daily competition this month, and Chui-yan will go to the International English Speaking Union Contest in London in May. We asked them what lessons they had learned.
More information Leo Leung Tel 2169 0255 Web http://leadership21.hkfyg.org.hk/eps Sole Sponsor Co-Organizer
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HKFYG
Jade Art at PMQ S511
Shop Soft Opening mid-April

Jade Art finds its inspiration in the rich traditions of Chinese history and culture. Each of these unique pieces of modern jewellery is formed from a rare and valuable artefact, highlighting not only delicate craftsmanship, but also the ingenuity and creativity of the designers. These pieces will be on sale in the shop. A social enterprise set up by The Hong Kong Federation of Youth Groups, Jade Art serves as an ideal platform for nurturing young people in Hong Kong in the beauty of Chinese traditions, enabling them to be Ambassadors of culture and providing them with opportunities to learn through classes and hands-on experience in making jewellery from antiques.
Consultant Designer
Our Consultant Designer, Mrs Lisa Cheung of Lisas Collection, is a highly respected jewellery designer and artefact restorer. For more than thirty years, she has focused on bringing out the historical and cultural background of various antique pieces through her fashionable, handmade jewellery which combines elements of contemporary style. She is also dedicated to teaching young people the magnificence of Chinese artefacts in person.
Mrs Lisa Cheung (centre), Consultant Designer p
More information
Jade Art Address S511, PMQ, 35 Aberdeen Street, Central, Hong Kong
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Tel (852) 3755 7103(852) 2803 2819 (852) 2803 0820 Web jadeart.hkEmail info@jadeart.hkOpening Hours Daily 11:00am to 8:00pm
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March 28 - April 13
Programme Enquiries
Publisher : The Hong Kong Federation of Youth Groups www.hkfyg.org.hkwww.m21.hkwww.u21.hk Youth Hong Kong: 21/F, The Hong Kong Federation of Youth Groups Building, 21 Pak Fuk Road, North Point, Hong Kong Tel : 3755 70843755 7108Fax : 3755 7155Email : youthhongkong@hkfyg.org.hkWebsite : youthhongkong.hkfyg.org.hk
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HKFYG-Youth Hong Kong V6N1 - OnlineVer

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HKFYG-Youth Hong Kong V6N1 - OnlineVer

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a quarterly journal from the hongkong federation of youth groups

DESIGN, LAYOUT & PRINTING

The cover image is of a Chinese yoyo ( ch lng)

by Fortune Live Media

March 2014 | Youth Hong Kong

Qianhai: new opportunities for young people

Dr Rosanna Wong, DBE, JP Executive Director, HKFYG March 2014

Youth Hong Kong | March 2014

Another choice Another opportunity

Model of Qianhai Youth Entrepreneur Hub (E Hub)

4. Multi-Purpose Innovation Centre

p Image courtesy of Barrie Ho Architecture Interiors Ltd

March 2014 | Youth Hong Kong

Entrepreneurs and innovation

How entrepreneurial are we?

Youth Hong Kong | March 2014

Hatching start-ups and speeding growth

Taking the lead

March 2014 | Youth Hong Kong

From Hong Kong to Qianhai

Youth Hong Kong | March 2014

a hub for international

How will Qianhai achieve this?

Three unique functions for Qianhai

March 2014 | Youth Hong Kong

Positioning factors for Qianhais implementation of national strategy

Mr two important strategic needs Zhang

Factors in Hong Kong for Qianhai to learn from

Youth Hong Kong | March 2014

Qianhais four key advantages

March 2014 | Youth Hong Kong

p Qianhai Youth Entrepreneur Hub Academy

Three main challenges for Qianhai

Mr opportunities to young people Zhang

Qianhai will bring golden

Youth Hong Kong | March 2014

In what ways will Qianhai attract young people?

Mr service industry development Zhang

Mr made platform to attract Zhang

First, there will be a tailored-

March 2014 | Youth Hong Kong

Mr of attention in both Shenzhen Zhang

Youth Hong Kong | March 2014

Grasping opportunities in Qianhai

March 2014 | Youth Hong Kong

YBHK Facts & Figures

Key features of YBHK business plans

New initiatives from YBHK

Youth Hong Kong | March 2014

Youth Business Hong Kong

Interviews by Ada Chau

A new kind of place to stay

March 2014 | Youth Hong Kong

BeCandle of Hong Kong the melting art

Burnishing the candle brand

Youth Hong Kong | March 2014

Shenzhen investment lift off

March 2014 | Youth Hong Kong

Youth Hong Kong | March 2014

Four innovative businesses from CoCoon

March 2014 | Youth Hong Kong

Some other Hong Kong incubators