AWARDS

HKUST-Sino One Million Dollar Entrepreneurship Competition 2023

 

Winners of the HKUST-Sino One-Million-Dollar Entrepreneurship Competition 2023 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 1

HKD400K

Gold Award 1

HKD200K

Silver Award 1

HKD100K

GF Innovation Award 1 

HKD100K

Elevator Pitch Award

HKD80K

Sustainability Impact Award (3 places)

HKD50K each

HKUST Student Team Award (3 places) 2

HKD25K each

 

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 only.  Top 3 UST student teams will get the award.

 

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. 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.
  5. 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.
  6. 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.

 

About GF Innovation Award

The GF Innovation Award is sponsored by GF Securities to recognise the importance of innovativeness displayed through novelty and edge of the solution. The winner of the award will be decided by the judging panel in the Final Round Competition.

GF Securities, founded in 1991, is one of the first comprehensive securities companies in China, and was listed on the main boards of Shenzhen Stock Exchange (Stock Code：000776.SZ) and Hong Kong Stock Exchange (Stock Code：1776.HK) in 2010 and 2015 respectively. The Company is a provider of comprehensive capital market services with industry-leading innovation capabilities focused on serving China’s quality enterprises and many investors with demand for financial products and services. The Company possesses licenses for a full range of services including investment banking, wealth management, transaction and institution and investment management to meet the diversified needs of enterprises, individual and institutional investors, financial institutions and government clients.      

With holding position of GF Futures, GF Xinde, GF Qianhe, GF Asset Management, GF Holdings (Hong Kong), Guangfa Financial Leasing and GF Fund Management and investment in E Fund (tied the largest shareholder), the Company has formed a group structure and continuously improved its customer service capability. As of December 31, 2021, the Company had 25 branches and 284 securities business departments, covering 31 provinces, cities, and autonomous regions throughout China.  

The Company has a complete business system, scientific and balanced business structure and industry-leading comprehensive financial services capability, with main operating indicators ranking among top ten securities firms in China for 28 consecutive years. As of December 31, 2021, the total assets of the Company in the consolidated statements were RMB535.855 billion. The operating income in 2021 was RMB34.25 billion, representing a year-on-year increase of 17.48%; the net profit attributable to owners of listed companies was RMB10.854 billion, representing a year-on-year increase of 8.13%.  

GF Holdings (Hong Kong) Corporation Limited was established in 2006 as a wholly-owned subsidiary of GF Securities Co., Ltd. in Hong Kong. The Company is headquartered in the Greater Bay Area, one of the most dynamic and promising regions in China, and its services cover the Asia-Pacific region, aiming to provide customers with more comprehensive, professional, and personalized financial services. The Company's professional subsidiaries in Hong Kong include GF Securities (Hong Kong) Brokerage Limited, GF Capital (Hong Kong) Limited, GF Global Capital Limited, GF Asset Management (Hong Kong) Limited and GF Investments (Hong Kong) Company Limited, employing nearly 350 staff members. The Company, through its subsidiaries which are duly licensed by the SFC for type 1, type 4, type 6 and type 9 regulated activities, provides comprehensive cross-border financial services including brokerage and wealth management, corporate finance, institutional client business, asset management, and investment management for global and local enterprises, institutions, retail, and high-net-worth clients.  

As a bridgehead for the parent company's internationalization strategy, GF Holdings (Hong Kong) is committed to fully tapping into and seizing opportunities in China to forge an international comprehensive platform that deeply rooted in the Greater Bay Area, connects with China and radiates throughout Asia, providing comprehensive capital market services to domestic and overseas clients with professionalism and efficiency.  

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