The Seventh Annual
HKUST One Million Dollar Entrepreneurship Competition
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1. Each team is permitted to submit one application only.
2. Each team can only join 1 regional competition. It is encourged you join the regional competition in your approximated location.
3. Please remember your email address and password for future login to update your application information.
Please tick the box after you read the Application and Eligibility & Submission Rules
Application and Eligibility Application 1. Application is open from January 26, 2017 to March 18, 2017. 2. Teams must apply online (http://onemilliondollar.ust.hk/). No paper entries will be accepted. 3. Entries must be the original work of entrants. 4. Team required to submit a 2-page executive through their online applications. Details please refer “Submission Rules”. Team Eligibility for Application 1. The Competition is open to all full-time and part-time students at all levels and post-docs, alumni, researchers, faculty and staff of HKUST. 2. The team must have at least one HKUST faculty or student or alumni or staff. This applies to mainland or international teams who wish to compete in this Competition. International teams, which will not be required to have any members affiliated with HKUST, will be admitted upon invitation only. 3. The size of each team must be between 2 to 5 members. All team members must be registered members of the team. Changes of team members are not allowed after Round 2 submission. 4. Each team must have at least 1 member with at least 20% ownership in the proposed company. 5. Each team is ONLY permitted to submit 1 Executive Summary for Round 1 Assessment. 6. Each participant can only join up to 1 team. 7. A team leader should be identified for each team, who will be point-of-contact with the Competition organizer. 8. The team is not required to be a business registered company. The team can be an early stage company that had established no more than 3 years. The company can be at inventor stage or seed stage where there is an idea, a concept, or even a product, but little or no income has been generated yet. Team name has to be the same as company name and it is not allowed to be changed during the competition. 9. Companies that have received prior investment of more than HKD10,000,000, or ventures that have been in establishment / operation for more than 3 years, are NOT allowed to join the Competition. 10. The equity of the company should not be changed during the Competition. Team Eligibility for Round 2 Assessment 1. Each team is ONLY permitted to submit 1 Business Plan of 8-10 powerpoint slides in PDF format. Team Eligibility for Round 3 Assessment 1. Each team is ONLY permitted to submit 1 Business Plan of 15-20 powerpoint slides in PDF format 2. All members of each team must attend the Exhibition on June 7 & the Business Plan Evaluation on June 8 though it is not a compulsory for all team members to speak in the presentation. Important Note: (1) By submitting a business plan, the team represents and warrants the team have all right, title and/or interest in the business plan submitted and the information it contains is accurate and complete, and that by submitting the document the team is not and will not be violating any contract or third party rights including any patent, copyright, trade secret, proprietary or confidentiality information, trade-mark, publicity or privacy right. In addition, the team must have the relevant IP usage right of the technology or innovation proposed to further develop the business. The competition committee reserves the rights to request at any time the appropriate proof from the team on the IP rights. (2) All teams are expected to abide by the rules enumerated above. HKUST reserves the right to disqualify any application that fails to conform to the rules of the Competition. (3) Top 12 teams entering Round 3 Assessment must attend the exhibition to be held in August during the Grand Final (4) By submitting a business plan, the teams agree to share their information to Entrepreneurship Center for publicity and communication with the investment community. For materials that are highly confidential and proprietary, the team should make special note to EC for special handling of such information.
Submission Rules (A) Applications Submission 1. All submissions will be in English and must be submitted online before application deadline. No paper entries will be accepted. 2. Deadline of application : March 18, 2017. 3. All applications are required to submit : 2-page Executive Summary in PDF file (details please referred (B) of “Submission Rules”). (B) Executive Summary Submission for Round 1 Assessment All entries are required to submit a 2-page executive summary. Must be written in English, not exceed 2 pages, single-spaced, 12-point Times New Roman, A4 size. Contents of executive summary may refer "Executive Summary Guidelines" . Additional covering sheeting, title page, appendices, or other pages are not allowed and will result in disqualification. Must include team name, team composition, team leader, exhibit and contents, page number. Submitted in PDF file. At this stage it is no need to submit business plan. (C) Short Business Plan Submission for Round 2 Assessment Shortlisted teams for Round 2 Assessment required to submit ONE business plan in not more than 10 powerpoint slides and submitted in PDF format. Contents of short business plan may refer "Short Business Plan Guidelines". Deadline of submission : April 16, 2017. Teams not meeting this deadline may be disqualified. The Business Plan must be written in English. (D) Full Business Plan Submission for Round 3 Assessment Finalist teams revise their short business plan and can only submit ONE business plan in not more than 20 powerpoint slides and submitted in PDF format. Contents of full business plan may refer “Full Business Plan Guidelines”. Deadline of submission is June 1, 2017. Teams not meeting this deadline may be disqualified. The Business Plan must be written in English.
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