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  • Programme Overview

    Background

     

    PolyU Maker Fund Programme (the "Programme") aims to accelerate local hardware start-ups’ product development from ideas to production, leveraging the manufacturing capabilities of Shenzhen and other Greater Bay Area (GBA) cities.

     

    Compared with software/app development, hardware development requires much more time and capital resources, specific knowledge and skills on electronic and mechanical engineering, and industrial design, etc. It also involves a long iterative process from idea to a marketable product. Hardware start-ups, usually with limited resources and few orders, have been facing tremendous difficulties.

     

    In view of this, PolyU has tailor-made this Programme for Hong Kong young makers, by leveraging its own expertise and resources as well as partners’ network and through the support of the Youth Development Fund (YDF) (Funding Scheme for Youth Entrepreneurship in the Guangdong-Hong Kong-Macao Greater Bay Area) under the administration of Youth Development Commission of Home Affairs Bureau. (Please visit the website of 青創同行We Venturefor more details).

     
    PolyU Maker Fund Programme is managed by Knowledge Transfer and Entrepreneurship Office (formerly known as Institute for Entrepreneurship) of PolyU, for more details about the entrepreneurship support and funding schemes offered by KTEO, please click here.

     

    Objectives

    • To support innovation and entrepreneurship endeavours of Hong Kong youth;
    • To facilitate and accelerate the idea-to-product process of Hong Kong young makers with seed funding and manufacturing capabilities in GBA cities (e.g. Shenzhen, Dongguan, etc.); and
    • To incubate and connect Hong Kong hardware start-ups with different resources in GBA cities (e.g. government resources, manufacturers, investors and accelerators matching).
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    Eligibility

     

    All Hong Kong youths (can be PolyU or non-PolyU members), with or without a concrete idea for a hardware/product, are welcome to apply for this Programme. Applicants can join as an individual or in a group, and an individual Applicant can choose to form a team with other applicant(s) during the Hardware Bootcamp. The Applicant MUST fulfil the following criteria:

     

     

    Basic requirements (as per YDF's requirements):

    • Aged between 18 and 40;
    • Holder of a valid Hong Kong Permanent Identity Card;
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    • Applicants should have specific business plans/ideas in Hong Kong and/or Mainland GBA cities within one year or have been running their start-ups for not more than three years;
    • Applicants must not be subject to any bankruptcy orders or proceedings;
    • The proposed project should not have been under the support of the first round Entrepreneurship Matching Fund (EMF) under the Youth Development Fund (YDF);
    • The proposed project should not concurrently receive support from other NGOs under YDF’s sponsorship including but not limited to EMF and other entrepreneurial support and incubation services;
    • The proposed projects are not restricted to certain industries (businesses that are unlawful, illegal or involve tobacco, advocacy of gambling, obscenity, etc., will not be supported);
    • Funded youth start-ups should have business registration in Hong Kong and establish their businesses in Hong Kong and/or other GBA cities (such as the entrepreneurial bases therein);
    • If selected for funding, a start-up without business registration is subsequently required to register under the Business Registration Ordinance (Cap. 310); and
    • All partners or shareholders must be co-applicants and invariably comply with the above requirements if the business is registered as a partnership or limited company.

     

  • Application Deadline

     

    9 July 2021 (Fri) 1:00pm

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    Supported Start-ups

     

    3YE Smart Helmet Limited

    慧眼智能頭盔有限公司

    Project: Smart Helmet

     

    We are a Hong Kong young tech company, aiming in providing industrial grade professional helmets with the integration of sensor technologies, to achieve optimized site-work efficiency and safeguard operators’ life.

     

    Team Member(s):

    - Chan Chi Leung

    - Wong Hiu Lam

    - Lee Man Ho

     

    Website:

    https://3ye.com.hk/

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    Incubation Support

     

    Seed Funding of HK$600,000

     

    With the support of the Youth Development Fund (YDF) (Funding Scheme for Youth Entrepreneurship in the Guangdong-Hong Kong-Macao Greater Bay Area) under the administration of the Youth Development Commission of Home Affairs Bureau, each shortlisted hardware start-up team in the Final Assessment will be eligible for fund support of HK$600,000 in total in a period of two years, disbursed by instalments throughout the 24-month funding period.

     

     

     

  • Latest News & Events

     

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    Startup's Guide: IP Strategy for Sustained BusinessCompetitiveness
    (5 Sep 2023)

    Our recent workshop had the active involvement of approximately 80startup founders and colleagues. The event shed light on the crucial role of a strong IP strategy in driving innovation and maintaining competitiveness in a dynamic marketplace.

    In the workshop, Mr Kelvin Wong, Director of Knowledge Transfer andEntrepreneurship shared his extensive experience in the consumer products industry. He presented a practical framework and key considerations based on real cases, illustrating how businesses can align their objectives with a robust patent strategy. The workshop also explored the MEMC (Mutually Exclusive, Collectively Exhaustive) Principle as a powerful tool to streamline thinking and optimize resources for an effective IP strategy.

    Moreover, Mr Alan Ng, Manager of Knowledge Transfer and Entrepreneurship at PolyU, provided valuable insights into patents and
    clarified the requirements for patentability. Participants actively engaged, gaininginvaluable insights and leaving the workshop feeling inspired and motivated.

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    Startup’s Guide: Streamlining E-commerceFulfillment for a Seamless Customer Experience
    ( 9 Aug 2023)

     

    The world of e-commerce operates at a rapid pace, makingefficient order fulfillment a crucial factor in the success of any business. We invited Mr Brain Ho, the General Manager of NoatumeSolutions, shared his insights on building a sustainable ecommerce logistics strategy and managing customer expectations, as well as explore the challenges, best practices, and case studies related to this critical aspect of online business.

     

     

     

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    Startup's Guide:Effective Digital Marketing
    (1, 8 & 15 Jun 2023)

     

    Digitalmarketing is an effective way to expand your online presence! To help startups build their brand awareness and reach a wider audience, we invited expert speaker, Dr Ken Fong, to share how to formulate and test your business ideas using the latest digital marketing strategies and tools.

     

     

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    Startup's Guide:Building a Strong Brand Identity with Effective Communication
    Strategies
    (11 & 17 May 2023)

    To help startups differentiate themselves from competitors and attract customers, we invited Westley Wong, Creative Director of Wholly Wholly Ltd. to talk about branding strategies to build a strong brand identityand create a compelling brand positioning, as well as essential strategies foreffective communication.

     

     

     

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    Startup’sGuide: Navigating Contractual Matters
    (13 Apr 2023)

     

    As a startup, effective contractmanagement is crucial to the success of your business. Poorly managed contracts can lead to disputes, liabilities, and lost opportunities. In this workshop, we invited an expert speaker to share practical tips for drafting, executing anddealing with contracts and agreements, as well as managing liabilities for
    breach and resolving disputes.

     

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    Startup’s Guide: Start yourBusiness in China
    (23 & 30 Mar 2023)

     

    To help startups get a comprehensive understanding of doing business in China, we invited experienced experts to talk about tax issues related to stock awards and share options, tax-efficient corporate structures for cross-border business between Hong Kong and Mainland China, and the company law of the People's Republic of China (PRC) and the benefits for Wholly Foreign-Owned Enterprises (WFOEs) setting up companies in PRC. Over 40 startup founders got valuable insights and practical guidance on navigating the complex regulatory environment and succeeding in the dynamic business environment in China.

     

     

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    Startup's Guide: Pitching with Impact
    (9 Feb 2023)

    Pitching an idea is the only way for allstartups’ founder. Giving a perfect pitch can help you createtrustworthiness and memorable first impression. In this workshop, Donald Ma, Executive Consultant of Milestone Three Ltd, was invited to share the techniques on how to equip yourself with skills to articulate your main idea and concept clearly.

     

     

     

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    Startup's Guide: Crowdfunding Strategy
    (19 Jan 2023)

    Crowdfundingis one of the most accessible ways of raising funds to bring a new product or design to life, but conducting a successful crowdfunding campaign can be a big undertaking. In this online workshop, we had invited Ms Heather Swift Hunt, Head of Design and Tech, Kickstarter and Mr Henri Pang, Strategic Representative & Advisor, The Greater China Region, Kickstarter to share some best practice tips to craft great crowdfunding campaigns and build an early adopter community. 

     

     

     

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    Startup’s Guide: Fundraising Bootcamp
    (3 - 5 Nov  2022)

    A three-day Fundraising Bootcamp partnering PolyU KTEO with PwC has come to a successful conclusion. This year, over 100 PolyU students, staff and alumni participated, and the response was overwhelming.

    During the Bootcamp, the participants learned the basic knowledge of fundraising, negotiation skills with investors and what is a standard term sheet through the case studies and role-playing. Participants received a lot of valuable advice about how to raise funds for their start-ups in one-on-one consultations with PwC and Gobi Partners GBA / Beyond Ventures.

     

     

     

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    Startup’s Guide: Risk Management & Corporate Governance

    (13 Aug 2022)

    Risk Management and Corporate Governance are critical for startups. In this workshop, Mr Timothy Ma, Chief Consultant, Ma Kam Wah & Co. was invited to share how to manage business risks, and develop your own corporate governance.

     

     

     

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    Startup’s Guide: IP Management
    (5 Jul 2022)

    Intellectual Property is often the most valuable asset of any startup. At the online workshop on 5 July, Mr Steven Fung, the Principal Patent Attorney of Real & Complex IP Services Limited has shared many tips and key considerations of IP filling which is very inspiring for our startups.

     

     

     

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    Startup’s Guide: Accounting 101 & Financial Planning 
    ( 26 May and 23 Jun 2022)

    To strengthen start-ups' knowledge of Financial Management, two online workshops, Accounting 101 and Financial Planning were held on 26 May and 23 June respectively. Mr Alex So, Founder and Group Managing Partner of Fastlane Group, was invited to share the basic knowledge of accounting and financial planning, as well as tips for managing your financials.

     

     

     

     

     

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    PolyU Lean Launchpad Programme 
    (12 Feb - 28 Apr 2022)

    A training programme on in-depth market validation and customer discovery process were offered to 12 awarded teams. The teams were required to interview potential customers to collect feedbacks and report to their mentors bi-weekly. The mentors provided guidance and invaluable advice to the teams.

     

     

     

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    HKSTP iDM2 Training 
    (12 Feb - 31 Mar 2022)

    An intensive training in market analysis, market positioning, meeting accreditation criteria and IP application were provided to awarded teams. It helped them achieve commercial viability.

     

     

     

  • Contact Us

    Knowledge Transfer and Entrepreneurship Office , PolyU
    3400 2625