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 (including any appendix)
  • CVs of all team members
  • a copy of student ID/graduation certificate of each PolyU student/alumni
  • (if applicable) Declaration of “Use of PolyU Knowledge/ Innovations/ Technologies” endorsed by PolyU academic staff

 

Downloads:


Application Deadline

1:00pm, 18 January 2019 (Friday)


Timetable

Schedule PolyU Micro Fund Scheme 2019
Mid October 2018 Open for Application
8 October 2018 (Mon) Application Briefing Session I
23-25 November 2018 (Fri-Sun)

Hong Kong Techathon 2019 (a fast-track event to Micro Fund’s Technology Innovations Stream) 

17 December 2018 (Mon) Application Briefing Session II
18 January 2019 (Fri) 1pm PolyU Micro Fund Scheme 2019 Application Deadline
Mid-late January 2019 Initial Screening of Eligibility
29-31 January 2019 (Tue-Thu)  3-minute Elevator Pitching by Eligible Teams
Early February 2019 Announcement of Shortlisted Applicants
22-23 February 2019 (Fri-Sat)

Lean Launchpad Workshop
A mandatory training on business model canvas and market validation. For the sake of learning efficiency, each shortlisted applicant must submit a business model canvas draft in advance. After the workshop, all shortlisted applicants are encouraged to start market validation and the finalists are required to submit their revised canvases and validation records on or before 1 April 2019 (Mon).

1 March 2019 (Fri) Semi-Final Presentation
Early March 2019 Announcement ofFinalists
13-15 March 2019 (Wed-Fri) Due Diligence Exercise

Business Clinic
A mandatory one-to-one consultation with Entrepreneur-in-residence. During the consultation, finalists can seek advice from the tutor on their business model canvas and market validation efforts.

1 April 2019 (Mon) Submission of Market Validation Result & Logbook
16-17 April 2019 (Tue–Wed) Final Presentation
Mid-late April 2019 Announcement of Awardees
24 April 2019 (Mon) Awardees Briefing Session


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



Assessment Criteria (Assessment Criteria slightly varies in different stages.)

  • 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.


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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