The innovative idea of one ME student has been granted funding support through the “PolyU Micro Fund” Scheme. An award presentation ceremony was held 17 October 2011 on PolyU campus.
The “PolyU Micro Fund” Scheme established by The University aims to nurture socially responsible young entrepreneurs. Under the Scheme, seed fund will be awarded to students and alumni with a view to stimulate their creativity and support their pursuit of entrepreneurial venturing.
The fund size of the Scheme in FY2011-12 is $2 million. Seed fund and prizes will be awarded to winning applicants under two separate yet interlinked streams respectively: The Entrepreneurship Stream supports good business propositions with a seed fund of $100,000 per proposal for their subsequent implementation; The Innovation Stream rewards innovative ideas that could be readily adopted for sustainable community development.
Student TSANG Kwok Ho, BEng(Hons) in Product Analysis and Engineering Design (Part-time), has won the Merit Award of the Innovation Stream with his project “Campus Facilities Improvement – Signage” which aims to enhance the efficiency of the signage with a better and comprehensive system. It is proposed to re-zone the campus into 8 categories according to their functions. Each category will be classified by a unique symbol and colour to provide visitors with clearer information in the direction-guide. TSANG will be granted $6,000 cash to support his project and to be offered opportunity to play contributory roles for the project implementation.