AWARDS

HKUST-SINO One Million Dollar Entrepreneurship Competition 2025

 

Winners of the HKUST-Sino One-Million-Dollar Entrepreneurship Competition 2025 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.

 

Cash Awards

Platinum Award (HKUST Track) 1HKD400K
Gold Award (HKUST Track) 1HKD200K
Silver Award (HKUST Track) 1HKD100K

International Student Track

- Platinum Award

- Gold Award

- Silver Award

 

HKD100K

HKD50K

HKD25K

Innovation Award (HKUST Track) 1 HKD100K
Sustainability Impact Award (HKUST Track) (3 places)HKD50K each
Elevator Pitch Award (3 places) (2 x HKUST Track and 1 x International Student Track)HKD10K each
HKUST Student Team Award (HKUST Track) (3 places) 2HKD10K each
Best Video Award (HKUST Track) 3HKD10K

 

Remarks:

1  Winning teams will first receive 70% of the cash prize. The teams will have to submit a brief progress report highlighting key progress and/or achievement over 6-month period (starting from the receipt of the first payment) to receive the rest of the cash prize. The progress report should covers content such as expenditure, revenue, number of full-time staff equivalent, funding and investment received, etc.

2  HKUST Student Team Award will be awarded to the teams which are composed of HKUST full-time students (HKUST Track) only.  The top student team from Round 2 will get the award.

3  Round 2 Shortlisted HKUST Track teams are required to submit a 1-min introduction video of their project and the videos will be published online and opened to public for viewing. HKUST members will vote on their favourite video and the top video receiving the most votes will win the Best Video Award.

 

Payment Distribution

  1. The equity of the winning companies should not be changed.

  2. HKUST Track 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. International Student Track Winning teams must be a registered company in either Hong Kong or their home country to get the cash award. The company name should be the same as the team name.

  4. The recipients of prize money will be responsible for the tax implications of their winnings.

  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.

  6. Cash prize arrangement will be announced after the competition. Winners must present the company registration documents, company bank account number and other information requested within 1 year of the announcement, otherwise the cash prize will be considered forfeited.

  7. The top 3 award (Platinum, Gold and Silver) winning teams will first receive 70% of the cash prize. The teams will have to submit a brief progress report highlighting key progress and/or achievement over 6-month period (starting from the receipt of the first payment) to receive the rest of the cash prize. The progress report should covers content such as expenditure, revenue, number of full-time staff equivalent, funding and investment received, etc.