Announcement of the Final Round Results of

HSUHK Entrepreneurship Challenge 2022 

HSUHK Entrepreneurship Challenge 2022 was held successfully on 27 May 2022, we would like to express our heartfelt gratitude for your support toward the competition.

We are pleased to announce the awards results:

The Champion: Find a care

The 1st Runner-Up: Startie

The 2nd Runner-Up: MemSage

Technological Innovation Award: Fitbulous

My Favourite Start-up Idea Award: Find a care

Thanks to the voters from the HSUHK community, 233 votes were received for the My Favourite Start-up Idea Award. Find a care got 94 votes to win this prize.

We will continue to plant the seed of entrepreneurship and innovation in our young generation’s minds.

Announcement of the First Round Results

We appreciate all participating teams submitting their start-up ideas for the HSUHK Entrepreneurship Challenge 2022 (E-Challenge 2022).  Believing that all teams strived their best to prepare for their business concept statements and their pitching videos, our first-round adjudicators have found the submissions this year in exceptional high quality. After a thorough deliberation, the panel has shortlisted the following six teams as the finalists for the E-Challenge 2022:

• Checkmate
• Faai Hok (快學)
• Find a care (互托幫)
• Fitbulous
• MemSage
• Startie

Phase 1

Innovation and Entrepreneurship Certificate Workshops

A series of workshops will be organized for participants to get ready for the E-Challenge 2022. It provides knowledge and insights for the students to prepare the business concept statement and video for the competition.

A certificate will be issued if students have joined at least 3 workshops in the E-Challenge 2022 Workshop Series.

The workshop details can be found HERE.

Phase 2

Business Plan Competition

Details of the E-Challenge are as follows:

Eligibility

All current HSUHK students are eligible to participate in the E-Challenge. Students shall form teams consisting of 2 to 6 members.

Students from other tertiary institutions/universities in Hong Kong are also welcomed to join this competition but the team leader MUST be a current HSUHK student.

Team members are expected to have attended at least one workshop of the Innovation and Entrepreneurship Certificate Workshop, OR that of the Entrepreneurship 101 Workshop Series of WUCIE Pre-Incubation Programme, OR a talk offered by WUCIE in 2021/22.

Participants who have joined an innovation and entrepreneurship-related training elsewhere (e.g., those offered by the HSUHK Innovation Project Competition 2022 or Cyberport funding programme etc.) might also be considered as eligible on a discretionary basis.

EACH student shall enroll in ONE team only.

Competition Stage 1

All competing teams must submit their application via an online registration form with the submission of (a) a one-minute pitching video about the business concept; (b) a business concept statement; and (c) the social media links & QR codes for the “My Favourite Start-up Idea Award” (optional). The deadline for registration is on 21 April 2022 (Thursday) at 12:00:00 noon. Late submission will only be considered on a discretionary basis.

(A) The one-minute pitching video should be in a form of an elevator pitch that can attract the audience’s attention and should allow them to understand your business concept within a short period of time.

Format

Video length: Up to 1 minute long*

Language: English or Chinese

File Name: Your team’s name (Video)

File format: MP4

File size: Less than 200MB

Resolution: 720p

* The video content beyond one minute will not be considered as a part of the presentation.

(B) Requirements of the Business Concept Statement:

Format

Cover – Team Name / Project Title / Mission & Vision / Objectives / Names of team members

Maximum number of pages: 3 (including cover, appendices, diagrams and tables)

Language: English or Chinese

Size of Paper: A4

Font Size: 12

File Name: Your team’s name

File Format: PDF

Header: Show the team’s name on the top right-hand corner of the header

Coverage – the business concept statement should comprise the following components:

• Identification of the opportunity (i.e., the need(s), problem(s), or market gap)
• Introduction to the business concept
• Description of the innovative element(s)
• Proposed business model (including target market and revenue & expenses streams)
• Founding (management) team and network.

(C) Teams have to submit the social media links & QR codes for the “My Favourite Start-up Idea Award”. (Optional)

The requirements for competing for this Award are as follows:

Social media platform: e.g., Instagram, Twitter, Facebook, etc.

Number of the post(s): At least ONE

Social media account: The teams are recommended to launch a new page in social media platforms for this award

Format of the posts: e.g., texts, photos, videos, etc.

Access: The promotion must be set for public viewing

The details are shown in the #MY FAVOURITE START-UP IDEA AWARD.

Benefits of joining the E-Challenge 2022

All participants who successfully submit the business concept statement and the pitching video would be awarded the following items:

• Certificate of Participation the E-Challenge 2022 from WUCIE & MKT
• The membership of AWS Academy with US100 credit for AWS lab service (upon successful submission) and the 50% off Exam Voucher (by further request)
• 3 ECA Hours or 1 iGPS Unit for HSUHK participants

You can get access to the useful start-up resources from HSUHK Library via the following link:

Presentation on the final round competition

The shortlisted teams will present their start-up business plans on the final round competition, which is scheduled on 27 May 2022 (Friday). During that day, the finalists of the E-Challenge will have the opportunity to pitch their business plans to a panel of adjudicators comprising experienced entrepreneurs, senior executives, and investors.

Each team will have 5 minutes for the presentation, followed by a 10-minute Question & Answer session. It is not compulsory for all team members to present, but every member is required to participate in the whole event.

The awards of the E-Challenge 2022 will be announced on the final round competition after the panel discussion.

Final Round Adjudicators

Award

The winning teams will be eligible for joining the Pre-Incubation Programme offered by WUCIE. Throughout this programme, they will be eligible to use the co-working space of WUCIE for a fixed period (normally 9 months), participate in a series of start-up training workshops, join various networking activities, and receive mentoring from experienced practitioners.

Cyberport would provide the fast-track opportunity of its CCMF – YEP programme (valued HKD100,000).

The winning teams are also eligible for early admission to the Master of Science in Entrepreneurial Management offered by the School of Business.

Champion will be awarded laptop bags from the Amazon Web Services (AWS) and 1-year free corporate membership of the Honeycomb Corporate Community.

1st Runner-up, 2nd Runner-up and winners of the Technological Innovation Award will be awarded AWS cloth bags.

Honeycomb Corporate Community will interview the Champion, 1st runner-up and 2nd runner-up of the E-Challenge 2022 and publish the articles on their web platform.

Seed Fund

A seed fund will be provided to the awardees on a reimbursement basis. Submission of proof of expenses, i.e. receipts or invoices, to WUCIE is required for using the fund allocated to them.

The awardees will have to sign an agreement with WUCIE to ensure that they will use the seed fund prudently, efficiently, and solely for the project approved under WUCIE.

# My Favourite Start-Up Idea Award

All participating teams of the E-Challenge are eligible to compete for this award. The winning team will be awarded a cash prize of HK$5,000. To compete for this award, each team needs to promote their start-up ideas by launching a social media campaign.

The relevant links and QR codes should be submitted through the online registration form for preparing a joint announcement to the voters. Participation in this award competition is optional but late submission is not allowed.

The voting e-form will be sent to all students and staff of HSUHK on 26 April 2022 (Tuesday). All students and staff members with a valid HSUHK personal email account are eligible to cast a vote for their favourite start-up idea within the period from 26 April 2022 (Tuesday) to 23 May 2022 (Monday) , 5:00 p.m. The team which receives the highest number of votes will be the winner of this award.

The final result of “My Favourite Start-up Idea Award” will be announced during the final round competition on 27 May 2022 (Friday).

** Technological Innovation Award

This award aims at encouraging the competing teams to make use of technological and innovative ideas when developing their business concept. The team should demonstrate their technological know-how and their capability to apply it to their product and/or service.  Only the finalist teams are eligible for this award.

Judging criteria

• Innovativeness
• Technological Viability
• Potential Impact
• Commercial Feasibility
• Sustainability

Panel structure: The final round adjudicators of E-Challenge 2022

The result of “Technological Innovation Award” will be announced during the final round competition on 27 May 2022 (Friday).

Rules and Regulations of E-Challenge

1. The team leader must be a student who is currently studying at the Hang Seng University of Hong Kong. He/She is a contact person and responsible for ensuring the team to submit all necessary information as requested by WUCIE, on or before the stated deadlines.
2. Each student is eligible to join one team only. Teams will be disqualified if any team member(s) participate(s) in more than one team.
3. No change of team composition will be allowed once the registration process is completed except in unavoidable circumstances.
4. The team needs to agree to grant WUCIE the right to broadcast the presentation or distribute to the third parties for the purpose of this competition while submitting the video.
5. All submissions must be the team’s original work. Plagiarism is NOT allowed. The submission must not contain any unauthorised use of copyrighted or proprietary materials of any person or entity or content violating the law of HKSAR. Any form of plagiarism will result in an automatic disqualification. Use of thoughts or work of another source must be properly referenced.
6. The video content of the elevator pitch must not infringe on any third-party rights (logos, music, intellectual property, etc.)
7. The video must not contain obscene, violent, pornographic, defamatory, objectionable, insulting or any of the controversial and inappropriate content.
8. All participants are required to abide by the rules and regulations of the HSUHK Entrepreneurship Challenge 2022. WUCIE retains the right to determine the team’s participation qualification.
9. The contact information of the participants would be sent to the co-organiser(s) and/or sponsor(s) and/or supporting organization for verification of the participants’ identity for issuing the certificates, prizes, souvenirs and online platform services.
10. WUCIE reserves the right to modify the competition context at any time without prior notice and to disqualify any team that violates the rules, conditions or spirit of the Competition. In case of any disputes, the decision made by the organiser shall be final and conclusive.
11. The decision of the organising committee is final. The organising committee reserves the right to reject any application submitted for Competition and the right to interpret, amend, supplement the terms and condition in the guidelines.