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PolyU Student Entrepreneurial Proof-of-Concept (POC) Funding Scheme

 
PolyU Student Entrepreneurial Proof-of-Concept (POC) Funding Scheme is a funding initiative launched in 2017 as one of the key entrepreneurship education components at PolyU. It aims to work with academic departments to encourage their students to practise entrepreneurship and pursue it, funding their quests to innovate and compete.


Awarded teams will benefit from a Proof-of-Concept Fund of up to HK$10,000 to support prototyping, market validation and related expenses for them to participate in reputable entrepreneurship and innovation competitions. Other supports include inter-disciplinary training in entrepreneurship, use of workspaces at PolyU InnoHub and business consultation with entrepreneurs-in-residence (EIRs) will also be provided.

 

QUICK FACT

Eligibility:

PolyU current students and fresh graduates (three-year past graduation) (For details, please refer to the below.)

Nature:

Grant supporting student participation in entrepreneurship and innovation competitions

Grant:

Up to HK$10,000

No. of Projects Supported per Cohort: 

Around 60

Application Period:

All year round

Training Element:

Preparing for competitions

 

CALL FOR APPLICATION

The Scheme of Academic Year 2020-2021 will provide up to HK$10,000 in cash for each awarded student team to strive for reputable innovation/entrepreneurship award around the world.

Eligibility:

A student team including at least ONE student or fresh graduate within three-year of PolyU (including HKCC and SPEED) that is:
Track 1: nominated by one of the academic supervisors* to participate in her/ his designated competition(s)*; OR
Track 2: enthusiastic to participate in the innovation/entrepreneurship competitions**

* Please refer to Appendix 1 of “POC Notes for Application”.
** Please refer to Appendix 2 of “POC Notes for Application”.

Application:

Track 1: Apply through Online Application and upload:

  • Nomination Form signed by the Academic Supervisor;
  • CVs of all team members;
  • Copies of student IDs or graduation certificates of all team members;
  • Declaration of Use of PolyU Knowledge/Innovations/Technologies; and
  • Project presentation in PDF (file size not more than 10Mb).

Track 2: Apply through Online Application and upload:

  • CVs of all team members;
  • Copies of student IDs or graduation certificates of all team members;
  • Declaration of Use of PolyU Knowledge/Innovations/Technologies (if applicable); and
  • Project presentation in PDF (file size not more than 10Mb).

Track 2 Designated Competitions

Competition

Organizer

Competition Application Deadline

POC Application Deadline

Assessment 

Hong Kong Social Enterprise Challenge (HKSEC)

The Chinese University of Hong Kong

22-Oct-2020

22-Oct-2020

All shortlisted teams after First Round will win the POC fund 

Jumpstarter IdeaPOP

Alibaba Entrepreneurs Fund

20-Nov-2020

09-Nov-2020

Pitch Assessment

Climate Action Recognition Scheme

Wofoo Social Enterprises

03-Jan-2021

18-Dec-2020

All shortlisted teams after First Round will win the POC fund

Dare To Change Business Pitch Competition

Young Entrepreneurs Development Council (YDC)

08-Jan-2021

25-Jan-2021

Pitch Assessment

The 7th Hong Kong University Student Innovation & Entrepreneurship Competition

Hong Kong New Generation Cultural Association (HKNGCA)

31-Mar-2021

31-Mar-2021

POC Pre-Challenge

The City I&T Grand Challenge

Innovation And Technology Commission

24-Apr-2021

31-Mar-2021

POC Pre-Challenge

Cyberport University Partnership Programme (CUPP)

Cyberport

TBA

TBA

TBA

Internet + 互聯網+

Hong Kong New Generation Cultural Association (HKNGCA)

TBA

TBA

TBA

FYP+ Supporting Scheme

Hong Kong X Foundation

TBA

TBA

TBA

POC Pre-Challenge:

Aims to select and support PolyU student teams* to strive for the awards of the following competitions:

  1. The 7th Hong Kong University Student Innovation & Entrepreneurship Competition (application deadline: 31 Mar 2021) 
  2. City I&T Grand Challenge (application deadline: 24 Apr 2021)

* Eligibility will be subject to the requirements of PolyU POC funding scheme and the designated competitions.

What to do?

Step 1   Complete the following tasks not later than 31 Mar 2021:

  1. Problem Statement (10 points)
    Describe the problem in less than 100 words with 2 live photos depicting the problem 
  2. Persona Interview (10 points)
    Submit a short 2-minute interview video with your target user describing his/her problem  
  3. Team Formation (10 points)
    If you already have an innovative idea/ project and want to find partners or team members, please CLICK HERE.
    If you are interested in innovation but have not yet decided on the idea/project, please CLICK HERE.

Step 2   Apply POC online and submit a 15-slide pitch deck (70 points) with proof documents completing the above tasks in PDF format within 10Mb not later than 31 Mar 2021

Step 3   IfE will assess the applications and teams with over 50 points will receive conditional offers of POC Funding Scheme

Step 4   Participate in the designated competition(s) 

Online Briefing Session

Please JOIN the briefing session to learn more about the two competitions and how to get PolyU POC Fund!

Date/Time:    8 Feb, 16:30-17:30
Mode:  Online via Zoom

Grant:

Up to HK$10,000 per team
• HK$5,000 for preparation and participation of the innovation /entrepreneurship competition; and
• A top-up of HK$5,000 if the team makes to the international stage.

Download Area:

 

ENQUIRY

sepoc@polyu.edu.hk; (852) 3400 2624

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