About The Fund

PolyU Micro Fund Scheme (the Scheme) - a key knowledge transfer and entrepreneurial initiative of PolyU since its inception in 2011, aiming to

  • Cultivate an innovative and entrepreneurial ambience in the PolyU community
  • Nurture socially responsible youngsters with "Do Well Do Good" entrepreneurship through practical hands-on entrepreneurial endeavours
  • Facilitate knowledge transfer of PolyU's innovations and technologies

 


Do Well Do Good

We look for business propositions that are commercially viable with social/industrial impact under the following two themes:


Learning by Doing

Unlike conventional business plan competitions, all approved teams must set up companies to implement the proposed business ideas. The HK$120,000 seed fund will be awarded by instalments with quarterly progress reviews.


Funding and Support

The Scheme aims to stimulate and ignite students’ and young graduates’ creative potential and entrepreneurial spirit, with experiential learning components integrated into the process to augment conventional classroom learning.

  • A Seed Fund up to HK$120,000 per project will be awarded to the approved applicants to support their implementation of good business propositions with positive social impact within 12 months.
  • Pre-incubation support will be provided to awardees at the infancy stage of their business, including:

    – Multi-disciplinary Entrepreneurship Training through workshops, seminars, visits, etc.;


    – Mentorship Programme through interactions with Poly-preneurs™, seasoned entrepreneurs and business leaders; 

    – Networking Opportunities with potential partners, customers, investors and fellow entrepreneurs; 

    – Access to Further Incubation and Funding Support, e.g. Cyberport, Hong Kong Science and Technology Parks, Hong Kong Design Centre, Hong Kong Business Angel Network, etc.; and

    – Professional Advice on project execution and development.

  • Admission to Hong Kong Science and Technology Parks Corporation (HKSTP) Incu-App/ Incu-Tech/ Incu-Bio Programme will be offered to awardees under Technology Innovations Stream to provide office premises, technology support, lab services and financial aid, etc.

Eligible Applicants

A team with at least one Students (Full-Time or Part-Time) or Alumni of the PolyU, HKCC or SPEED  as the Principal Applicant (PA)

Notes:

Business registration is not compulsory upon application. Should the team have already established a business, the business must be registered within 24 months upon the application deadline.

Students/ Alumni must be pursuing or have secured degree, associate degree or diploma or any other academic qualification offered by PolyU, HKCC or SPEED (except distance learning programme).

The PA MUST assume a key owner-operator role with substantial control in the applying/ proposed company. In the sole opinion of PolyU, “substantial control” is usually evidenced by:
(a) 20% or more ownership, in the form of equity shares or share options, of the applying/ proposed company; and
(b) working on a full-time basis in the applying/ proposed company

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