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The GSC PolyU Pre-Challenge 2016/17


The Global Student Challenge: PolyU Pre-Challenge aims to foster an entrepreneurship spirit among PolyU students while preparing them for the ever-changing and highly competitive business world.  This is an invaluable opportunity for students from different disciplines to turn their dreams or ideas into practical products and services. 

The contest will take place from September 2016 through March 2017.  The Diamond Award for Innovation winning team will be awarded a cash prize of HK$25,000.  The team will represent PolyU (as well as HK) in the PolyU Innovation and Entrepreneurship Global Student Challenge in June 2017, where teams from different regions will present their ideas at PolyU. 

It is a unique opportunity to:  

  •   Explore your innovative and entrepreneurial potential
  •   Obtain exposure to the real business world
  •   Expand your professional and social network
  •   Start developing your portfolio

Entry Criteria

  •    PolyU full-time undergraduate students
  •    Multi-disciplinary teams are encouraged
  •    Each team must comprise of either 3 or 4 student members
  •    Each team is required to have an academic advisor1

1Contestants should approach a PolyU academic staff for advice throughout the business plan development process.

A submitted business plan should be

  •    Innovative and creative
  •    Technologically feasible
  •    Clear in organizational and management structure
  •    Financially viable

Ideas

Innovative ideas on products and/or services, which must be under one of the following sub-themes:

  •    Health & Wellness
  •    Lifestyle
  •    Environment & Sustainability
  •    Corporate Social Responsibility/Social Enterprise.

 

Training Workshops & Coaching Sessions

All workshops and coaching sessions are free of charge for eligible contestants. 

Prize

For those who complete Round 1, the following will be granted :

1. A HK$100 subsidy (per person) will be offered for participation in the trips/ visits organised by Entrepreneurship Society of OSD, PolyU in 2016/17.   (Please click here for new member registration)

2. A project subsidy of HK$1,000 per team is offered to each shortlisted team.   

Award and Prizes

During the final round presentation ceremony, the following Awards will be presented to the winning teams:

Diamond Award for Innovation

HK$25,000

Platinum Award for Innovation

HK $20,000

Gold Award for Innovation

HK$15,000

Excellence Award for Innovation

HK$5,000

Merit Award for Innovation

HK$3,000

Theme Award 2

HK$3,000

2 The team with the highest score under the same theme will be the respective theme award winner.

The cash prizes must be shared equally amongst the team members.  The panel of Judges may decide the no. of winning teams based on the quality of entries.  Office of Student Development reserves the right to change the guidelines from time to time without notices to applicants prior to the change. 

Terms & Conditions, FAQ and Competition Guideline

Stages of the Contest

Round I - 3 Minutes Pitching

Teams should deliver a 3 minutes pitching to present their proposal in English, followed by a 2 minutes Q & A session also in English. 

Teams will be invited to attending a pitching session in November 2016.  Interested students please register via https://www2.polyu.edu.hk/miss/eform/view.php?id=278577

  

Registration Deadline: 2 November 2016

Round II - Business Plan Presentation

Successful short-listed teams will be notified in November 2016.  Teams then need to carry out market research and document their ideas into formal business plans.

The following workshops and coaching sessions, which all round II contestants are strongly encouraged to attend, will be offered from December 2016 through February 2017.

  •    Workshop I: Business Plan Writing
  •    Workshop II: Financial Planning
  •    Coaching I: Group Coaching
  •    Coaching II: Individual Group Coaching

Each business plan should be no more than 25 pages, including cover, table of contents, main contents and appendixes.

Submission Deadline: 5:00 p.m., Friday, 10 February 2017

Teams will be invited to present their ideas to a panel of judges in February 2017.      

Three finalist teams will be selected and proceed to the Final Round.

Three Excellence Awards, three Merit Awards and four Theme Awards will be awarded at this stage.

Final Round - Final Presentation by Finalist Teams

The three finalist teams will make detailed presentations to the panel of judges in March 2017 to compete for the Diamond Award for Innovation, Platinum, and Gold Awards of Innovation.

Coaching III: Presentation Skills and Refining Business Plan will be offered in March3.

3. All workshops and coaching are free of charge for eligible contestants.

 

Diamond Award for Innovation $25,0004   Final Round
         
Platinum Award for Innovation $20,000  
         
Gold Award for Innovation $15,000  
         
Coaching III (Finalist teams)  
           
4 Theme Awards
($3,000 per award)
3 Excellence Awards
($5,000 per award)
3 Merit Awards
($3,000 per award)
  Round II
         
Round II Presentation  
         
Workshops & Coaching sessions (Round II teams)  
         
Teams eligible to enter Round II  
           
Pitching Session   Round I

4. The Diamond Award for Innovation winning team will represent PolyU  (as well as HK) in the PolyU Innovation an Entrepreneurship Global Student Challenge in June 2017. Failure to fulfill this obligation will result in disqualification of the awards and prizes presented. 

 

How to Apply

Please register via the link or QR code below by 2 November 2016.     

https://www2.polyu.edu.hk/miss/eform/view.php?id=278577  by 

 Enquiries

Office of Student Development

Tel: 2766 5410

Email: osd.info@polyu.edu.hk

 

Terms and Conditions

1. Teams that have already received investment from venture capital firms, private investors, or industry sources prior to signing up for the GSC: PolyU Pre-Challenge ('the Contest') are not eligible to participate.

2. All participants are required to abide by the full set of rules and regulations on this website. PolyU reserves the right to disqualify any team that is found in breach of any rule or regulation.

3. By entering into the competition, each participant automatically agrees to grant PolyU the right to reproduce, disclose or use the submitted materials for publicity, marketing and other internal purposes.

4. Communication with teams will primarily be done via email. Contesting teams should check email regularly.   

5. Decisions made by the Judges shall be final. PolyU reserves the right to modify any aspect of the competition, including this Terms and Conditions at any time without prior notice.

6. Members of the contesting teams cannot be replaced. 

7. Contestants agree not to make any claim or bring any action against the Contest's organiser and members of the Judging Panel, or the Advisors for any reason whatsoever, or otherwise seek to recover from the Contest organiser and members of the Judging Panel, or the Advisors any costs incurred in relation to the competition or any loss of profits or any other benefits which Contestants may expect to accrue from participating in the Contest.

8. The business idea that constitutes the basis of a business / development plan submitted to the Contest must originate from at least one member of the team nominated on the registration form. Should the idea belong to a third party, the originator of the idea must be named and an agreement for using the idea in the business plan be submitted. Any team found to have committed copyright infringement, plagiarism, and/or intellectual property theft will be disqualified.

9. Contesting team acknowledges that Intellectual Property (IP) created by students in the course of this Contest shall be owned by the University if they make material use of the University's resources and receive material guidance and intellectual input from the University's staff.

10. If the business idea relies substantially on unique intellectual property of others, it is not required to specify all the technical details in the business plan. The business plan is to outline the business idea and the prospective market with financing and marketing details.

11. The Contest organiser, the Judges and the Advisors have all agreed to keep the information received from Contestants in relation to the Contest confidential. 

12. The Contest organiser treats the Business Plans and Pitching as confidential property. Judges and Advisors have agreed not to disclose or use any business plans or sensitive information outside the Contest.

13. While PolyU will take all possible measures to ensure the confidentiality of the business plans, the ultimate responsibility for protecting intellectual property lies with each of the contestants. Teams should be aware that their business plans and other submissions in relation to the Contest may be accessed by PolyU staff, Judges, and other personnel during the organization  of the Contest.

14. Some of the personal data obtained for the Contest will be shared with other PolyU offices and trainers to make necessary arrangements for the Contest. 

15. All personal data obtained for the Contest will be kept for a period of no more than four years under normal circumstances.

16. The Diamond Award for Innovation winning team will represent PolyU (as well as HK) in the PolyU Innovation and Entrepreneurship Global Student Challenge.  Failure to fulfill this obligation will result in disqualification of the awards and prizes presented.

 

FAQs 

1. Can part-time students participate in the Contest?
No. Only full-time students of PolyU are eligible to take part in the Contest.

2. Can Associate Degree students participate in the contest?
No. Only full-time undergraduate students of PolyU are eligible to take part in the Contest.

3. Can student join the Contest by just himself or herself without any team member?
Teams must be formed by either 3 or 4 students and multi-disciplinary teams are encouraged considering the demand for different skill sets from team members and the amount of work expected in the preparation of a business plan.

4. Can team members be changed?
Once a contesting team has submitted the online registration form, the team will not be allowed to change its team members unless under exceptional circumstances.

5. I had participated in the Contest in the past Am I eligible to participate again this year?
Yes. As long as you can still fulfill our entry criteria, you are welcome to join.

6. Can I submit more than one business idea, or participate in more than one team?
Yes. Each team can submit more than one business proposal. A participant can be a member of more than one team. 

7. What is the role of the Advisor?
Each team is required to have an Academic Advisor. The Advisor will be the team’s consultant and offer business plan review throughout the business plan development process.

8. How can I identify an Advisor?
Students can find information on academic staff's areas of academic interests from respective departments’ webpages. Once you have identified a potential Advisor, you may approach them for further discussion.

9. Is there a limit to the length of the business plan?

Each business plan should be of no more than 25 A4 pages, including the table of contents, main body and appendices. Pages beyond the allowed limit may not be assessed. Business plans must be written in English and submitted by the deadline mentioned.

10. Will the Judges receive the business plans in advance?

Yes. Panel Judges for Round II and the Final Round will have a chance to evaluate your plan prior to your on-site presentation.

11. Do I own the copyright to my business plan?

By entering into the competition, each participant automatically agrees to grant PolyU the right to reproduce, disclose or use the submitted materials for publicity, marketing and other internal purposes. However, we have no objection towards students making use of their own business plans or ideas in any other situation.

12. Who is eligible to present during Round I, Round II and/or the Final Round?  

Only student team members are allowed to present their own business idea on behalf of the team.

 

 

 

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