2014.09.29PolyU Micro Fund nurtures over 180 young entrepreneurs

PolyU Micro Fund Awards Presentation Ceremony 2014Experiential Learning Programme and UNsuspended each will receive $100KPolyU launches StartHub for youngsters to look for start-up information

To cultivate innovative and entrepreneurial ambiance within the university community and nurture socially responsible young entrepreneurs with the "Do Well Do Good" entrepreneurial spirit, The Hong Kong Polytechnic University (PolyU) established the "PolyU Micro Fund" Scheme in 2011 to provide seed funding for students and alumni to support their entrepreneurial venturing. The 2014 "PolyU Micro Fund" award presentation ceremony was held today (29 September) at Hotel ICON.

Speaking at the ceremony, Prof. Timothy W. Tong, President of PolyU, said, "Micro Fund had supported 64 projects and nurtured over 180 young entrepreneurs. In the past 3 years, our awardees collectively secured over $20 million of external investments, incubation or financial support. We are very much encouraged by these achievements."

Applicants of Micro Fund are required to submit a commercially viable business proposal for evaluation. The award-winning business ventures will receive HK$100,000 seed funding for the implementation.

Among the 135 applications received this year, 20 business ventures, including but not limited to social enterprise, product design, cultural education and multi-media applications, etc, have been awarded the seed funding. Two of the award-winning projects are briefly described as follows:

Today, PolyU also launched StartHub (www.starthub.hk), a one-stop portal for youngsters to look for start-up information, news, blogs and resources, to support youngsters who aspire to develop their own businesses.

In addition to providing seed funding, PolyU also provides much pre-incubation support to the awardees at the infancy stage of their business, including entrepreneurship training workshops and mentorship programmes. Last year, PolyU organized various entrepreneurship programmes for undergraduates and research students to promote innovation and entrepreneurship within PolyU community.


Press Contacts

Mr Raymond Chu

Assistant Director (Entrepreneurship & Commercialization), Institute for Entrepreneurship

Email(852) 3400 2715