HKUST-Sino One Million Dollar Entrepreneurship Competition 2022


Winners of the HKUST-Sino One Million Dollar Entrepreneurship Competition 2022 will be awarded with cash prizes and in-kind services.

Cash and in-kind awards are to be used by the winning teams solely for the purpose of proving funding for the business plan in respect of which the award was granted. Service providers shall be entitled to decline to provide their services for the purpose of business plans other than in respect of which the award was granted. By accepting the awards, participants will be deemed to have accepted these terms and agreed to apply the cash and in-contribution awards for the purposes intended.


In-Kind Services and Supports

To encourage participants to get their businesses going, and further reinforce the practical focus of this Competition, we have put together a suite of services for all applicants and awardees. This include:


In-kind for all awarded teams

  • Exclusive offer to enjoy special discounts of the TusPark Hong Kong Network Membership Package offered by TusPark Hong Kong
  • A workshop to introduce how you can start a business in Hong Kong and the Greater Bay Area (incorporation process, company structure, basic requirements about forming a business, bank account opening process, key players in Hong Kong and GBA startup ecosystem, etc...) offered by FastLane Group
  • A workshop to introduce accounting tools (such as Xero) for book keeping purpose in order to meet the legal requirements on accounting of the company, offered by FastLane Group


In-kind for Eligible Teams in Round 2

  • Exclusive company incorporation package for startup teams offered by FastLane Group which includes the following special discounts with a free consultation:
    • Company formation $4,500 (including 1-year company secretary service)
    • 50% of Xero subscription fee for the first 6 months (only applicable for new users)
    • Free 15 minutes consultation with our specialist

All HKUST teams in Round 2 that composed of at least 50% of HKUST students OR with HKUST members (students, alumni, faculty) own at least 51% shares will enjoy:

  • Support in the basic company incorporation and registration fee under the Hong Kong Companies Ordinance (link) up to $1970 offered by Entrepreneurship Center.

In-kind from HKSTP for Selected and Eligible Teams in Round 3

  • All 30 shortlisted teams in Round 3 will be direct admitted to the HKSTP Ideation Program.
    * Terms and Conditions apply


In-kind for 9 Finalists Team from Cyberport

  • Complimentary tickets for finalists teams to Cyberport Venture Capital Forum (CVCF). HKUST Entrepreneurship Center work with the teams and Cyberport on the ticketing arrangements. The availability of the tickets is subject to the final decision of Cyberport. More information about CVCF will be shared to the teams once ready.


In-kind for Top 3 winners from Cyberport

  • Cyberport will offer a total of 3 seats to the fast-track programme to top 3 awardees. Seats to fast-track programme will be applied to either Cyberport Creative Micro Fund (CCMF) YEP and Professional Stream and Cyberport Incubation Programme (CIP). The top 3 awardees can choose to apply either of the CCMF programme or the CIP programme. A total of 3 places will be offered while terms and condition applied.
    *Final decision will be subject to Cyberport management. No guarantee to be admitted to the programme, but a fast track to the vetting stage.*
  • Remarks:
    1. there are two sub-programmes under the CCMF which are Cyberport Creative Micro Fund - Professional Programme (PP) and Cyberport Creative Micro Fund - Hong Kong Young Entrepreneur Programme (HKYEP).


In-kind for Top 3 winners from TusPark Hong Kong

  • Exclusive offer to enjoy a one-year free membership of the TusPark Hong Kong Network Membership Package offered by TusPark Hong Kong.



About Cyberport Creative Micro Fund (CCMF) and Cyberport Incubation Programme

Cyberport Creative Micro Fund (CCMF) encourage innovation and creativity by sponsoring high potential digital tech start-up projects and business ideas. It consists of two categories, namely CCMF (Hong Kong) Professional Stream and CCMF (Hong Kong) Young Entrepreneur Programme. Successful applicants receive a HK$100,000 grant over six months to produce proof of concepts and prototypes. For details of eligibility, please read the Guides and Notes: Page 1 (1).

Cyberport Incubation Programme supports entrepreneurs and start-ups with resources that aim to accelerate their growth. In addition to a range of business and professional services, incubatees get up to HK$500,000 support over 24 months. Incubatees can participate in the programme on-site at Cyberport, or off-site at their own premises. For details of eligibility, please read the Guides and Notes: Page 1 (1).

For more detail, please visit their website:


About FastLane Group

Founded in 2013, the FastLane Group ( is a Hong Kong-based accountancy and advisory firm that has a special focus on helping entrepreneurs and SMEs.

Our diverse range of professional services includes accountancy, auditing, company formation, payroll management, and HR advisory assistance. In addition, the FastLane Group is a CPA practice registered with the Hong Kong Institute of Certified Public Accountants (“HKICPA”) and we are also licensed with Hong Kong Company Registry!

Through our network of professional service providers, the FastLane Group provides best-in-class services for businesses looking to operate in not only Hong Kong but also around the world.


About HKSTP Ideation Program

HKSTP Ideation is a one-year programme designed to nurture tech-focused entrepreneurs to become successful startups and help them turn their brilliant ideas into reality. Through the programme, entrepreneurs will receive all-rounded support from HKSTP to acquire the essential skills to launch their new ventures. Apart from business model design and investment training, they will also receive guidance on fine-tuning ideas and technical development. Participating entrepreneurs will also have access up to HKD$ 100,000 seed funding and a co-working space with a series of training during the 12-month programme to realise their ideas.

For details of the eligibility, please visit their website (


About TusPark Hong Kong Network Membership Package

Being the first to introduce the concept of “incubation + investment” in China for innovation and entrepreneurship business, TusStar has dedicated 20+ years to develop a complete ecosystem including “incubation services + entrepreneurship training + open platform = angel investments” for start-ups and entrepreneurs. TusHoldings Co Ltd (mother company of TusStar) which based at Tsinghua University Science Park, on the other hand, has successfully created a full chain service system including fundamental researchers, application development and technology transfer. To extend our services in Hong Kong and overseas, TusPark Hong Kong is proud to launch the Network Membership Package for all innovators and entrepreneurs.

For more detail, please visit: