PolyU International Future Challenge
Hong Kong Region - Open Track
The Open Track invites startups and innovators to develop transformative solutions in key industry domains, including Finance & Insurance, Information Communication Technology, Cargo & Travel, Sports, and Health.
- Exceptional Rewards: Total Cash Prizes HK$625,000, plus the opportunity to compete for an additional HK$500,000 at the Grand Final
- Trial and Adoption: Up to HK$100,000 per proposal to further optimize solutions for trial and adoption
- Research Grant: Up to HK$500,000@ for a maximum of 3 proposals in the Health Domain
- Industry Exchange: Partnering with industry leaders to tackle real-world challenges, empowering teams to create innovative, demand-driven solutions
- Corporate Adoption: Proposals aligning with partners’ needs may have a chance for adoption into their corporates, ensuring real-world impact.
- Admit to Incubation Centers: Leverage PolyU’s Mainland Translational Research Institutes to facilitate commercialization.
The Open Track focuses on the following industry domains:
Finance & Insurance
In today's rapidly evolving financial landscape, the convergence of capital markets and the insurance sector offers unique opportunities for innovation. There is an urgent demand for visionary thinkers to develop solutions that enhance financial literacy, streamline transactions, and elevate the insurance experience for consumers. Join us in crafting transformative solutions that drive innovation in fintech and insurtech.
Information & Communications Technology (ICT)
The convergence of next-generation 5G, robotics, and ICT is revolutionizing industries and reshaping our daily lives. This dynamic environment calls for visionaries to devise groundbreaking solutions that improve data center efficiency, accelerate digital transformation, and enhance connectivity across various sectors. Join us in pioneering innovative technologies that foster a more connected, efficient, and sustainable future in data management and operations.
Cargo & Travel
Hong Kong, a global logistics hub and popular tourist destination, relies on efficient cargo and travel systems. This critical intersection invites innovators to develop smart solutions that streamline cargo operations, enhance travel experiences, and build customer loyalty throughcargo and travel technologies. Join us in creating cutting-edge technologies that shape a more seamless, efficient, and connected future.
Sports
Advancements in technology are transforming the world of sports. This convergence invites innovators to develop solutions that increase citizen engagement in sports, enhance athlete performance and recovery, and promote healthy lifestyles. Join us in creating cutting-edgesports technologies that shape a more active, inclusive, and connected community.
Health
The health sector is evolving rapidly, driven by advancements in medical technology, data analytics, and patient-centered care. This domain invites innovators to develop solutions that enhance healthcare accessibility, improve patient outcomes, and optimize recovery processes. From non-invasive blood sugar monitoring to advanced nursing care and rehabilitation technologies, the opportunities are vast. Join us in creating cutting-edge solutions that empower individuals, streamline healthcare delivery, and foster healthier and more resilient communities.
Assessment Process
The competition assembles a distinguished judging panel for each industry domain, comprising leading industry leaders, technology experts, and investors, etc.
|
Initial Assessment |
The judging panel of each domain will shortlist around 15 teams based on their submission. |
|
Consultation and/or Corporate Visit |
Shortlisted teams will be invited to join consultation and/or corporate visit for enhancing their proposal. |
|
Final Assessment |
Shortlisted teams will present their proposal to the Judging Panel of their respective domain. Each presentation will consist of a 5-min Pitch and followed by 5-min Q&A |
Assessment Criteria
|
Criteria |
Initial Assessment |
Final Assessment |
|
Innovativeness and/or Technology Content
|
30% |
20% |
|
Feasibility
|
30% |
20% |
|
Team Capability
|
10% |
15% |
|
Benefits to industry and community
|
20% |
20% |
|
Development Prospect
|
10% |
25% |
The suggested contents outlined below are only for reference.
1. Problem Identified
- Industry pain points
- Who are the target beneficiaries?
2. Product/Services Description
- How can your solution solve your identified problem
- What is the innovativeness of your solution?
- What are the technologies adopted in the solution?
3. Benefits to Industry and Community
- Main value and benefits your solution provides to beneficiaries
- Explain the ease of adoption in the industry and community
- What are the advantages of your idea/solution over the existing products and solutions on the market?
4. Business Model
- Brief analysis of market size and growth potential
- Overview of how your business will operate (e.g., revenue streams)
5. Team Profile
- Team members and relevant qualifications/experience
6. Roadmap and Future Plan
- Product development plan
- Action plan for the industry adoption
- Growth strategy
1. Purpose of Collection
The personal data provided by you to Knowledge Transfer and Entrepreneurship Office of The Hong Kong Polytechnic University (“PolyU”) will be collected, retained, processed, used and transferred (within or outside of Hong Kong) for the following purposes:
• Processing your inquiries, application, registration or request for services, activities and facilities;
• Facilitating communications with you;
• Facilitating implementation of PolyU’s policies and procedures, and monitoring compliance with the same;
• Enabling PolyU to comply with any applicable procedures, laws, regulations or court orders (in each case whether in Hong Kong or overseas), any requests by government, statutory, regulatory or law enforcement authority, and valid legal processes, ordinances obligations;
• Conducting quality assurance, surveys and review, statistical analysis, and research; and
• Other purposes directly relating to any of the above.
2. You are required to provide your personal data, other than those items indicated as optional. Failure to provide such data may lead to inability to process your application, registration or request for services, activities and facilities, or maintain contact with you.
3. Disclosure and Transfer of Personal Data
PolyU will keep your personal data confidential and only authorized members will have access to and handle your personal data. PolyU may disclose or transfer your personal data to PolyU staff, assessment panels, partners, service providers and contractors engaged in activities on behalf of PolyU within or outside Hong Kong solely for the purposes set out in paragraph 1 above.
PolyU may also disclose your personal data when authorized or required by law and in response to requests from law enforcement agencies, government departments or regulatory authorities, or where required to protect PolyU’s rights or properties.
4. Access and Correction of Personal Data
You have the right to request for access and correction of your personal data held by PolyU. Any data access and correction request according to the Ordinance should be made in writing to the Knowledge Transfer and Entrepreneurship Office at innohub@polyu.edu.hk . A fee may be imposed for processing your data access request.
5. Security, Accuracy and Retention of your Personal Data
PolyU takes reasonable precautions to prevent the loss, misappropriation, unauthorized access or destruction of your data. PolyU also takes reasonable steps to ensure that all personal data held by it is accurate, complete, correct and reliable for the intended use. Your personal data will be retained by PolyU according to its policy on retention of data and records.
6. Privacy Policy Statement
You may refer to https://www.polyu.edu.hk/privacy-policy-statement/ for the Privacy Policy Statement of PolyU.
Enquiry
- 3400 2735/ 3400 2768
- polyu.ifc@polyu.edu.hk
