The HKUST-Sino One Million Dollar Entrepreneurship Competition celebrates the university’s 30th anniversary and opens for both local and overseas submissions.
With the support of Sino Group, the Hong Kong University of Science and Technology (HKUST) is celebrating its 30th anniversary by opening up applications for their annual One Million Dollar Entrepreneurship Competition to both local and overseas participants, for the first time in the competition’s 12 year history. Additional prize bonuses will also be introduced to encourage engagement and welcome more submissions.
Multiple prizes will be given to competition winners who will be able to use their awards as seed funding to get their idea off the ground. Submissions can be made from March 14 until March 23.
The HKUST-Sino One Million Dollar Entrepreneurship Competition has grown into a platform for the next generation of leaders to realise their ideas and transform Hong Kong’s already bustling tech hub. Now, with applications open outside of Hong Kong, admitted overseas participants will be partnered with HKUST students in later stages of the competition. 9 teams will be shortlisted to pitch their business plan to a Judging Panel comprised of venture capitalists, corporate executives, faculty, and professional investors and experts from Singapore and Canada.
To further commemorate this special edition of the competition, its Final Round will be broadcast live globally, where 3 teams will win Platinum, Gold, and Silver Awards and an additional 30A Special Award of HK$100,000 will be given to each of these teams.
Mr. Cyrus Choi, the Assistant Director of HKUST’s Entrepreneurship Center and PIC of the Competition, commented: “To highlight the industrial and HKUST Faculty significance, we are forming new committees with global investors and faculty members and adding new dedicated awards. I am excited to see what new ideas of diversity we’ll be receiving for this year’s event. We hope these valuable input could help the competing teams grow and reach out to a global audience for financing and potential customers.”
Ir. Prof. Andrew Young, the Associate Director (Innovation) of Sino Group and Adjunct Professor, Division of Integrative Systems and Design of Hong Kong University of Science and Technology, added, “Our future lies with the young minds of tomorrow; but they cannot achieve great things unless the best ideas and practices are pulled in from around the world: this is where diversity is paramount in innovation and entrepreneurship. At Sino, we are committed to supporting innovation and technology as our path to future is paved with technology and take a holistic approach to innovation to support Hong Kong’s growth into an international technology hub. We believe that entrepreneurship should be cultivated at a young age and are honoured to sponsor the competition for five consecutive years in supporting our younger generation to showcase their creativity and innovation.”