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Fourth Cohort Application Deadline: 

11/08/2024 23:59  

Fourth Cohort Application Deadline: 11/08/2024 23:59

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Funded Projects

ReitrePro by PaterMater

Establishing a database and search engine for elderly welfare programs, helping families to discover eligible schemes on a “one-stop-shop” basis, and understand different programs and tools for retirement protection.

Beneficiaries:
  • Elderly
Service Types:
  • Education & Skills Development
PaterMaterHK

Social Problem

  • Scattered elderly subsidy information across different government departments, non-governmental organizations, and commercial entities.
  • The application thresholds vary while the economic situation and composition of each family are unique, making it difficult for the elderly to understand the eligibility for the schemes.
  • The elderly often lack financial knowledge and only focus on whether the tools are 'profitable,' neglecting the risk protection against uncertainty of longevity.

Social Innovation

  • Falls right between the traditional non-profit organizations and traditional financial service providers, providing comprehensive information on retirement security for elderly families.
  • Focuses on elderly families as the service unit, aiming to help the entire elderly family find more sustainable solutions for the retirement security of the elderly, instead of just serving the elderly.

Expected Social Impact

  • Develop 1 database and search engine for elderly subsidy schemes
  • 30,000 views for the database
  • 1,000 times of use of the search engine
  • Conduct follow-up survey with 300 users and share the result with at least 5 stakeholders for policy advocacy

Business Model

Project Content

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