都大研究发展及顾问有限公司

Application Guidelines (Key points)

(English version only)

1. About the HKMU Startup Fund

Established by Hong Kong Metropolitan University (HKMU) via its wholly owned subsidiary, HKMU Research Development and Consultancy Limited (HKMURDC), the HKMU Startup Fund (hereafter the Startup Fund) aims to inspire and nurture its students, staff and alumni to start their own companies, turn their creative ideas into commercial products / solutions and spur them to a path to successful business, as well as to transfer HKMU's research outputs to practical applications that will benefit society and strengthen links with the business and industrial sectors.

2. Eligibility

The applicant must be a limited liability company incorporated under the HKSAR Companies Ordinance for not more than five years as of the date of application. The management team of the applicant must consist of a Person-in-Charge (PIC) who is associated with HKMU in the following capacity at the time of application:

full-time or part-time HKMU student*,
full-time or part-time HKMU academic staff, or
HKMU alumna/alumnus who has graduated normally within five years as of the date of application.

* In order to be eligible to apply for the Startup Fund as a PIC, student applicants are normally expected to have completed a minimum of 15 credits for their study programmes.

3. Funding Arrangements

Each selected startup company will receive an aggregate amount of funding from the Startup Fund of up to HK$1 million.

4. Application Procedures

Applicants should apply for the Startup Fund via HKMURDC and submit a completed application form together with the supporting documents.

5. Evaluation and Selection

Shortlisted applicants will be invited to a series of interview(s) by the Selection Committee, which will evaluate the proposals using the following criteria:

- Innovation and creativity,
- Business model and commercial viability,
- Team composition and strengths,
- Stage of development (e.g. research and development, prototyping, and commercialisation stage),
- Potential impact on industry and society, and
- Presentation and interview performance.

6. Review and Support

Each invested startup company shall provide HKMURDC with its quarterly reports and an annual report on the progress of its business together with its audited financial statements. HKMURDC will hold regular meetings with each invested startup company to assess the progress and provide essential guidance and support to the startup company.

7. Right of HKMURDC

HKMURDC reserves the right to make a final decision on the implementation of the Startup Fund. For any deviation from the application guidelines, approval must be obtained from the Board of Directors of HKMURDC.

Please download the full Application Guidelines by clicking the below button and read it carefully before submitting your application.