Winners of the HKUST-Sino One Million Dollar Entrepreneurship Competition 2019 will be awarded with cash prizes.

Cash Awards

    w/ HKUST Tech w/ Interschool Members#
President Award HKD300K +HKD75K +HKD37.5K
Gold Award HKD200K +HKD50K +HKD25K
Silver Award HKD100K +HKD25K +HKD12.5K
GF Innovation Award HKD100K    
Elevator Pitch Award HKD50K    
Exhibition Award HKD50K    
Student Team Award (2 places)* HKD50K each    
Focus Area Award**
- The Mills Fabrica Techstyle & Design Prize^ HKD50K
- Healthcare Prize HKD20K
- Social Services & Enterprise Prize HKD20K
- Environment & Sustainability Prize HKD20K
- Robotics & AI Prize HKD20K
- I.T & Smart Tech Prize HKD20K
- Fintech Prize HKD20K

* 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.
^ The Mills Fabrica Techstyle & Design Prize: One of Hong Kong's key characteristics has always been in "constant self-invention", specifically in taking historical advantages and reimagining it for the future. Hong Kong used to be the world's major textile/ manufacturing hub- in recent years this scene has seen a revitalization in the form of "techstyle" (intersection of technology and style), where innovations in materials/ supply chain process, wearables & IOT or new forms of retail like ecommerce/ VR/ AR have the potential to create a new model for Hong Kong and the world.

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.