Sands China's Community Revitalization Programme – Entrepreneurship Recruitment Programme for Rua Das Estalagens
Rooted in Macao for over 20 years, Sands China has been developing hand-in-hand with the local community. In addition to promoting more cooperation between local SMEs and Sands China, we are extending our F.I.T. programme and the Sands Resorts Incubation Centre under Sands China's Local SME Suppliers Support Programme to the Macao community, effectively combining it with the community revitalization project jointly promoted by the Macao SAR government. The five areas Sands China is responsible for are the Iec Long Firecracker Factory, Taipa Houses area, Rua Das Estalagens, Pátio da Eterna Felicidade and Macao Cultural Center Square.
For Rua Das Estalagens, Sands China will be launching an "Entrepreneurship Recruitment Programme" to encourage Macao enterprises to open businesses on the historic street, with Sands China providing selected enterprises with start-up funds. During the recruitment period, relevant training courses and activities for free public participation will be provided to strengthen the capabilities of Macao entrepreneurs and SMEs, encourage technological innovation, enrich the neighbourhood's cultural and tourism standing, and ultimately reactivate the vitality of the old district.
- Registration is open now through May 31.
- Macau citizens aged 21 or above are eligible for participation as individuals, teams or Macau local SMEs.
- Applicants are required to submit a complete business proposal. Proposals will be evaluated on the criteria of Creativity, Practicability, Uniqueness, Shop and Product Attractiveness, and Business Sustainability for the purpose of revitalization.
- Applicants must commit to a self-invested initial operating capital of at least three hundred thousand patacas (MOP 300,000.00), while the Organizer shall provide funding to selected applicants at a ratio of up to 2:1 (Organizer:Applicant) of the Applicant's initial operating capital, capped at one million patacas (MOP 1,000,000.00).
- The funding amount will be based on the evaluation of the overall business proposal content by the panel of judges. All results are subject to the assessment of the judging panel. In case of any disputes, Sands China reserves the right to make the final decision.
- Selected applicants will be awarded with certificates and subsidies issued by the organizer.
- The subsidies will be disbursed in phases, and the dates of disbursement will depend on the progress of the selected applicants in implementing their start-ups.
Programme Milestones:
- 8 Apr 2024 – Press Conference
- 17 Apr 2024 – Briefing and Technical Exchange Session for Entrepreneurship Recruitment Programme for Rua das Estalagens
- 20 - 21 April 2024 – Rua das Estalagens Open Day
- 6 May 2024 – Training courses on Effective Business Plan Composition and Business Pitching Skills
- 31 May 2024 – Registration deadline
- Jun 2024 – Judging and results announcement
- Jul 2024 – Award ceremony
- Second half of 2024 and 2025 – Opening of shops
Application and Submission Deadline:
Electronic registration Please submit the registration, including an application form, business plan and related documents via email to ERP.enquiry2024@gmail.com with the email subject "Application for Business at Rua das Estalagens_Your name/company name" before 5:00 pm on 31 May 2024. The email should include the names of the Applicant(s) and the contact numbers. The total file size of the attachments should not exceed 10 MB.
For enquiries, please contact the Secretariat. Tel no.: +853 6235 2279 Email.: ERP.enquiry2024@gmail.com Opening hours: Monday – Friday (excluding public holidays)