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AIESEC Startup Challenge: What is “Creating Shared Value”?

Creating Shared Value (CSV) is a strategy for addressing society’s challenges through profitable business models. With the popularity of the idea of “CSV”, various organisations and schools have participated in promotional works. Early this year, AIESEC, an international student organisation, has held the Outlier CSV Challenge 2021. Students from different tertiary institutions worked in teams to hack profitable yet socially impactful business models to tackle social issues in Hong Kong. Let's watch the video below for the highlights of the Challenge: You may also learn more about the idea of CSV through a few frequently asked questions below: Q: How can a “CSV” approach generates economic and social values simultaneously?A: "Shared Value” is created for both the company and the society when a company applies its assets and skills to innovative projects that bring business return while simultaneously advancing the economic, environmental and social conditions in the communities in which it operates. Q: How can businesses adopt a “CSV” approach?A: There are mainly three ways: Reconceiving products and markets, meeting social needs while serving existing markets or accessing new ones through innovation. Redefining productivity in the value chain, improving the quality, quantity and reliability of products while driving economic development. Enabling local cluster development, leveraging their network of local suppliers, access to talent, and an effective infrastructural system to thrive. Q: How is CSV difference from Corporate Social Responsibility (CSR)?A: Shared Value is more than just corporate social responsibility or philanthropy. It is about sound strategic thinking on the part of business leaders whose goal is to create sustainable shareholder value, and who understand how to engage with and invest in society in a way that is essential to long term business success and social progress. We will interview with three winning teams of the Outlier CSV Challenge:  Uplift, the champion team which concerns about the mental health of the students; Tech-kle, the 1st-runner up team which assists the visually impaired in e-learning; and Soscientist, the 2-nd runner up team which provides a job-matching platform for people of diverse race. Please stay tuned to understand how they won the cash prizes and internship opportunities with creativity!   Source: SIE Fund / Outlier CSV Challenge Facebook

Hong Kong University Student Innovation and Entrepreneurship Competition Calls for Application

Looking for a greater stage to showcase your innovative ideas? The 7th Hong Kong University Student Innovation and Entrepreneurship Competition is open for application. You may form teams with post-secondary students and graduates from other institution and winners will have the chance to participate in national innovation and entrepreneurship competitions. Organised by Hong Kong New Generation Cultural Association, and co-organised by Hong Kong Science & Technology Parks Corporation with the support from Innovation and Technology Commission, the Competition has set up two individual streams, namely Innovation and Entrepreneurship. Participants are required to submit research thesis, invention or PowerPoint and proposals to present their project ideas on a wide spectrum of topics ranging from science and information technology to education and culture. Current students of Hong Kong’s full-time post-secondary programmes are eligible for the Competition; projects from graduates who graduated in the past 5 years or Cooperative Projects from teachers and students are also eligible for the Entrepreneurship stream. Registration is open from today till 31 March 2021. For further details on the Challenge and registration method, please visit the official website.

“Elevator Pitch Competition 2020” - Virtual Battle for Global Startups

Hong Kong Science and Technology Parks Corporation (HKSTP) held its annual Elevator Pitch Competition 2020 (EPiC) virtually on 6 November for the first time. This year, EPiC attracted 476 entries from 37 countries and cities, who presented their innovative business ideas with a one-minute video pitch to simulate the signature 60-second elevator ride to leading investors and judges. US-based biotechnology startup, Mi Terro, crowned champion and claimed the top prize of US$100,000 at the competition. Mi Terro, also the winner of the Smart City category, is a company that upcycles and reengineers protein food waste into plastic and cotton alternative fibres for the fashion, medical and packaging industries. The three Tech Category Winners, including UK-based AI & Robotics startup Arctoris, Philippines-based fintech startup PearlPay, and Portugal-based health technology startup RUBYnanomed, showcased their potential as innovators in the competition. Startups which participate EPiC have to present their innovative business ideas in a one-minute elevator pitch. The top ten finalists were given another opportunity to face the judges in a three-minute live pitch and two-minute Q&A, before announcing the overall champion, who took away a cash prize of US$100,000 while each of the category winners received a cash prize of US$10,000 and all ten finalists won US$6,000 each. This year the event was expanded to a week-long virtual programme. Please visit https://epic.hkstp.org/ for more details.   List of Winners: Award Company Name Countries and Cities Champion and Tech Category Winner – Smart City Mi Terro United States Tech Category Winner – Artificial Intelligence & Robotics Arctoris United Kingdom Tech Category Winner – FinTech PearlPay Philippines Tech Category Winner – Health Technology RUBYnanomed Portugal Other Top 10 Finalists Augmented Bionics Australia   D-Engraver Hong Kong   FindOurView United States   Pivotal Technologies Limited Hong Kong   PurCity Denmark   Qi Sensor Technologies Limited Hong Kong  

Dare to Change Business Pitch Competition: Win the Prize with a 5-minute Pitch

Ever thought about winning startup funds and supports by simply giving a 5-minute pitch? Organised by The Young Entrepreneurs Development Council, the “Dare To Change Business Pitch Competition” offers students a chance to showcase their business ideas in front of seasoned executives by conducting a five-minute pitch. The competition is sponsored by the Innovation and Technology Commission and co-supported by the Hong Kong Science and Technology Park. All full-time current students and 2020 graduates from Hong Kong tertiary education institutes are eligible to participate in teams. In the preliminary round, each participating team will have 5 minutes to conduct their entire presentation in any form. The presentation will be immediately followed by a 10-minute Q & A session with the judging panel. 10 teams entering the final round will receive one-to-one guidance from business professionals with subsidies as a start-up fund. There will be a total of seven awards with cash prize up to HKD15 000. Some of the winning teams will have an opportunity to execute their business ideas offered by the HKSTPC through the HKSTPC Incubation Programme, and will be recommended to regional contests. Various sorts of Networking Events will be held with the aim to let all the participants have the opportunity to know more about the business realm through potential investors and seasoned professionals. Online registration will close on 8 January 2021 at 3 pm. Please visit the official website for the eligibility and further information.

Local Start-ups Gain Business Opportunities from“Start-up Express”

There are quite a few outstanding start-ups in Hong Kong which are waiting for a chance to shine. The Hong Kong Trade Development Council (HKTDC) has launched the third edition of its entrepreneurship development programme “Start-up Express”. The pitching contest under the programme successfully concluded today as a judging panel selected exceptional start-ups to participate in local and international activities to build connections, explore markets, seek partners and enhance brand awareness. 3-min Pitch on Enterpreneuship Plan The business focus of this year’s semi-finalists varies from AI, big data, biotechnology to IoT and robotics. They were invited to present their entrepreneurship idea at the final 3-min pitching and 3-min Q&A contest. Eleven exceptional start-ups and the AMTD SpiderNet Award was selected by the judge panel, while “My Favourite Start-up Award” was voted by online live poll. Click here to view the remarkable pitching performances of the awardees. Start-up Express 2020 List of Winners Arical (Artificial intelligence, Big Data,Design) Arovia Hong Kong Limited (Advanced Materials) Bug Bros Biotech (Bio-tech, Eco-Tech, Internet of Things(IOT)) Gense Technologies (Artificial intelligence, Internet of Things (IOT), Medical Technology, Microelectronics) ImBee (Big Data,CRM) Inovo Robotics (Advanced Materials, Robotics) Open Ocean Engineering Limited (Artificial intelligence, Eco-Tech,Robotics) Return Helper Limited (eCommerce) Shopkyo (Fintech)  SPES Tech Limited (Chemical/ Bio-tech) Wineworld Xplorer (Big Data & Fintech)    AMTD SpiderNet Award: imBee Limited (Big Data,CRM) “My Favourite Start-up Award” voted by online live poll: MICology Limited (Artificial intelligence, Big Data, Simulation) (Click here for the profiles of the wining start-ups)   Expand Business to Overseas The start-ups will be invited to exploratory sessions, power meet-up sessions with successful business leaders, business-matching sessions and local events organised by HKTDC, including Startup Zones at the Asian Financial Forum, spring and autumn editions of the HKTDC Hong Kong Electronics Fair and HKTDC Hong Kong International Medical and Healthcare Fair. The HKTDC will also bring the start-ups to the international stage by organising overseas missions and setting up Hong Kong Pavilions at international technology exhibitions – including CES in Las Vegas and MWC Barcelona. Visit the official website for more details. 

Design X Technology Start-up Challenge Explores Possibilities

Have you think about exploring business opportunities by joining hands with fellow local designers and technology companies? Sponsored by CreateHK, the Hong Kong Designers Association collaborates with Hong Kong Science & Technology Parks Corporation to organise the DXT Start-up Challenge from July to December. Tailor-made for Design x Technology (DXT) startups, the competition aims to team up local designers and technology companies for business development through Entrepreneurship Programme, Pitching Contest and Overseas and Mainland Mission Tours, and help realizing vivid imagination into a profitable business! Entrepreneurship Training Provided by Experts from Silicon Valley The DXT Start-up Challenge is divided into four phases. In the first phase 30 teams will be selected for a 3-month Entrepreneur Mentorship Programme led by experts from Silicon Valley. 15 out of the 30 teams selected and further invited to make a pitch of their DXT products on stage for 7 minutes to a team of expert judges. Explore Business Opportunities Through Outbound Tours 12 best teams will enter the third round to join the Mission Tours to US and the Mainland to showcase their prototypes around the world and get feedback from investors. The top 6 pitches will be announced at the awards presentation ceremony during the DXT Conference.   For details, please visit the official website of The DXT Start-up Challenge .