【Entrepreneurial Support Trust for Children: A Catalyst for Igniting Their Start-up Dreams】

Mr. Chien, a successful entrepreneur, has a son who is passionate about emerging technologies and plans to start his own business. However, Mr. Chien is well aware of the high risks involved in entrepreneurship and is concerned that providing direct financial support might lead his son to make impulsive investments. At the same time, he hopes to foster his son's independence and entrepreneurial capabilities.

To strike a balance between support and risk control, Mr. Chien decided to establish an Entrepreneurial Support Trust for his son. He injected HKD 10 million into the trust and worked with the trustee to set strict funding rules. According to the trust terms, his son must submit a detailed business plan. Upon approval by a professional investment advisory team, he will receive an initial funding of HKD 2 million.

Subsequent funds will be disbursed in stages based on the achievement of project milestones—such as successful product development or securing a first round of external financing. If the venture fails, the trustee will assist in liquidating the assets, and any remaining funds will remain in the trust.

In addition, an experienced startup mentor will be assigned to provide one-on-one coaching to his son and regularly report project progress to Mr. Chien.

By setting up a family trust, Mr. Chien avoids the risks of blind investment and helps his son steer clear of common startup pitfalls. Through the Entrepreneurial Support Trust, his son gains access to sufficient startup capital and professional guidance, significantly reducing early-stage risks. The structured disbursement mechanism encourages careful planning and improves the likelihood of success. Even in the event of failure, the trust assets remain under control, protecting the family's overall wealth while giving the son invaluable entrepreneurial experience.