What is CARS
Program Overview
Climate Action Recognition Scheme (CARS) is an entrepreneurship program initiated by Hong Kong SDG Hub, co-organised by the Environment Bureau and sponsored by The Hongkong and Shanghai Banking Corporate (HSBC). Our scheme aims to recognise and invest in innovative and outstanding start-up ideas which take actions in combating SDG-related climate change problems. We provide holistic training in entrepreneurship and innovation, mentorship support, a publicity and networking platform, seed fund and acceleration fund to young people who are determined to act on and transform climate awareness into climate actions and solutions.
Programme Aims
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Spark interest and spirit of climate change issues
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Incubate start-ups and create positive change for climate
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Facilitate cross-sector collaboration and network platform
Programme Characteristics
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Inspire
Through providing climate shapers with training workshops and a platform where can seek advice and guidance from relevant industry experts, we hope to assist selected participants honing their entrepreneurial skills and developing their creative capacity to better modify innovative ideas on combating climate change.
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Incubate
CARS will host various networking events where selected participants could pitch and showcase their climate-action innovation plans to potential investors and related stakeholders, which assist the climate shapers expand their network to green industry.
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Invest
The programme will award seed fund at HKD$120,000 each to two innovative ideas and acceleration fund at HKD$180,000 each to three scalable, existing start-ups for prototyping and initial implementation.