Application Process & Assessment Criteria

Application Process

Applicants should complete

with the following documents uploaded on or before the application deadline:

  • a two-page Executive Summary
  • CVs of all team members
  • a copy of student ID/ graduation certificate of each PolyU student/ alumni other supporting documents
  • (if applicable) Declaration of “Use of PolyU Knowledge/ Innovations/ Technologies” endorsed by PolyU academic staff

 

Downloads:


Application Deadline

1:00pm, 19 January 2018 (Friday)


Timetable

Schedule PolyU Micro Fund Scheme 2018
Mid October 2017 Open for Application
1 November 2017 (Wed) Application Briefing Session I
22 November 2017 (Wed) Application Briefing Session II
5-7 January 2018 (Fri-Sun) Hong Kong Techathon 2018 (a fast-track event to Micro Fund)
19 January 2018 (Fri) 1pm PolyU Micro Fund Scheme 2018 Application Deadline
Late January 2018 Initial Screening of Eligibility
31 January 2018–1 February 2018 (Wed-Thu) 3-minute Elevator Pitching by Eligible Teams
Early February 2018 Announcement of Shortlisted Applicants
10-11 February 2018 (Sat-Sun) Preparation Training I
2 March 2018 (Fri) Semi-Final Presentation
Early March 2018 Announcement ofFinalists
14-16 March 2018 (Wed-Fri) Due Diligence Exercise
23-25 March 2018 (Fri-Sun) Preparation Training II
10-11 April 2018 (Tue-Wed) Final Presentation
Mid April 2018 Announcement of Awardees
16 April 2018 (Mon) Awardees Briefing Session

 

Note: In Preparation Training I & II, the class performance of the Shortlisted Applicants/Finalists may be taken into account in the assessments. Therefore, it is highly recommended for all Shortlisted Applicants/Finalists to actively participate and interact with the trainers/coaches in the workshops.

*Schedule is subject to change without prior notice. Please contact the Institute for Entrepreneurship (IfE) for latest updates before submitting your application.



Assessment Criteria

  • Innovation & Creativity (25 points)
  • Business Model, Commercial and Technical Feasibility (25 points)
  • Applicant's Background / Relevant Strength (25 points)
  • Social / Community Impact (15 points)
  • Milestones for the Funding / Incubation Period (10 points)

TOTAL: 100 points

Remark: Bonus Points will be awarded to applications using PolyU's knowledge, innovations and technologies.


Recognition to Academic Advisors/Inventors/Assessors

Certificates of Appreciation will be issued to academic staff members who act as assessors, inventors, and academic advisors/ supervisors of the Applicants in recognition of their contributions to the Scheme.

In addition, subject to pertinent knowledge transfer policies and outside activity regulations, upon University’s approval, the staff members may continue to be involved in start-up ventures created by the Awarded Applicants, holding minority shares without any management role.


Important Note for Research Students

Current research postgraduate students should check with Research Office (+852 3400-3635) if any approval is necessary prior to application.

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