Hong Kong exited the top-ten countries for social entrepreneurs, slipping 11 points to 19th place. While conditions for starting and growing social enterprises improved slightly from 2016, it became more difficult to access grants and non-financial support, making it tougher for entrepreneurs to earn a living from their work.
“People interested in social enterprises in Hong Kong sometimes lean too heavily on focusing on a for-profit scheme as the solution to everything. That kind of model just can't fit for every social problem. There needs to be a bit more awareness that non-profit models for social enterprises are sometimes more suitable."