* Student Team Award will be awarded to the teams which are composed of HKUST full-time students only. Up to 2 teams with best performance in this competition will get the award.
# “Interschool Members” means the team is composed of members coming from more than 1 schools within HKUST. E.g. 1 SBM student + 3 SENG students or 2 SSCI students + 2 SBM Alumni, etc.
** Each team is only qualified to be considered in one of the Focus Areas. When filling in the online application form, the team has to declare their Primary Area for this purpose. For details , please refer to Focus Area Awards.

Payment Distribution

1. The equity of the winning companies should not be changed.
2. Winning teams must be a registered company to get the cash award and are expected to form their companies in Hong Kong. The company name should be the same as the team name.
3. The recipients of prize money will be responsible for the tax implications of their winnings.
4. The disburse of the cash award will be according to the milestone achievement of the winning companies. (milestone setting to be discussed)
5. HKUST reserves the right to withhold or to defer in whole or in part of any of the cash and/or and in-kind contribution awards if the winning teams violate the above conditions.