(7th August, 2020) We proudly announce that IDCC Hong Kong is launched as a socially-conscious and civic-minded community that brings together people and resources with data, takes action to solve Hong Kong’s most pressing community issues, and advocates for a new paradigm of bottom-up solutions for community development. IDCC is officially commissioned by Social Innovation and Entrepreneurship Fund (SIE Fund), a Hong Kong Government fund to enhance social innovation and fight against poverty and social exclusion, to develop a technology-aided Impact Capacity Building (ICB) Programme that co-creates and crowdsources impact management methodologies and tools with 10 social impact intermediaries and 500+ social purpose organizations in Hong Kong.
This program comprises Impact Capacity Building Workshops, an impact management consultancy service, and Impact Management Software Suite, a technology-based impact management platform, designed to enable both intermediaries and their subsidiary SPOs to do their impact management work in a more efficient, effective and customized way. Overall, the program aims to redefine the workflow of social service implementation and social finance deployment, facilitating a participatory and bottom-up process of social needs identification, programme design, as well as impact management.
IDCC is not just a platform for mitigating discussion about data-driven social innovation and building digital toolkits to improve impact data management practices, but it is also very much a community-guided incubator to grow new types of digital initiatives to fill the gaps in Hong Kong’s social service ecosystem and to prepare for its inevitable data-driven future.
We see our role as helping to collectively push new data initiatives to tackle Hong Kong’s most pressing problems, whether about increasing transparency and impact investment, or protecting digital rights and data self-sovereignty, or improving social and financial inclusion.
IDCC, or Impact Data Consortium Chain Limited, is a non-profit organization, founded by James Leung (Chairman of the Board), Michael Au, Terence Yuen, Johnson Kong, Tat Lam, Jessica Cheung, Sandra Tai, Chris Gee and other fellows from initial 10 impact intermediaries, and fully supported by professional organizations including Shanzhai City, Hong Kong Institute of Social Impact Analyst (HKI-SIA), Good Impact Assessment Institute (GIA) and HKSEC, Hong Kong Social Enterprise Challenge. Supported by the team of Shanzhai City, IDCC has developed Impact Capacity Building (ICB) programs to empower agencies of 10 impact intermediaries, including Social Enterprise Business Centre of Hong Kong Council of Social Service (HKCSS SEBC); Good Seed of Jockey Club Design Institute for Social Innovation, The Hong Kong Polytechnic University; Be Hub of The Society of Rehabilitation and Crime Prevention, Hong Kong; The Chinese University of Hong Kong Alumni Charity Foundation (ACF); The University of Hong Kong Center for Civil Society and Governance (HKU CCSG); The Chinese University of Hong Kong Office of Research and Knowledge Transfer Services (ORKTS); Dream Impact; General Chamber of Social Enterprise (GCSE); CfG Social Impact Fund; Social Enterprise Startup Scheme, CUHK. ICB programs consist of a series of workshops and seminars (webinars) to build impact management capacity at both the intermediary level and project level.
We believe that ICB is born at the right time, when community resilience and bottom-up micro-social services become ever more important in the face of the global pandemic. When centralized social service delivery becomes almost impossible, stakeholders in the social sector urgently require a new way of acting and reaching those in need. ICB aims to co-create methodologies and tools with the major actors in the social sector of this city, collaboratively building a customizable decentralized data platform (based on ixo blockchain protocol) that allows for efficient and effective impact management, as well as more precise social needs identification and programme design.
The combination of impact capacity building workshops and technologies offers a new framework of impact management, engaging all stakeholders, from funders, incubators, consultants, professional service providers, project managers, frontline workers as well as the community members to participate in the process of impact verification and social service design. Last but not least, this first step will dramatically improve the resolution, accuracy and accountability of impact management, and prepare for the further connection between verified impact data with social finance.
IDCC Executive Director Mr. James Leung states, ‘I do believe that crowd economy and crowdsourcing is a paradigm shift of doing businesses, affecting all sectors and industries but would occur at different pace across the world.’
After the ICB program, IDCC will launch a series of programs to further push the limit of crowd social service and social finance. From the bottom up, IDCC will develop the next generation of time voucher programs for a digitized community economy. And from the top down, IDCC will develop more automated social finance tools for pay-for-success conditional finance and smart crowdfunding platforms. For a longer term, IDCC would like to collaborate with mainstream financial institutes to develop more inclusive finance and social service products for the grassroots community in Hong Kong.
Follow us on our social media:
Facebook
Twitter
LinkedIn
Instagram
