YOUNG CREATIVE ENTREPRENEUR (YCE) AWARD 2024
To encourage students and recent graduates of the Academy of Visual Arts (AVA) to turn their innovative ideas into feasible business ventures, the Young Creative Entrepreneur (YCE) Award, funded by Mr. Brandon T.C. Liu, JP and organised by the AVA, was established in 2014. This annual business start-up competition provides participants with an opportunity to obtain funding or loan, to build their own prototypes and kick-start their businesses.
YOUNG CREATIVE ENTREPRENEUR (YCE) AWARD 2024 PRIZES ELIGIBILITY APPLICATION DEADLINE FOR APPLICATION APPENDICES FINAL COMPETITION (Project Pitches) IMPORTANT DATES OBLIGATION DISCLAIMER
To encourage students and recent graduates of the Academy of Visual Arts (AVA) to turn their innovative ideas into feasible business ventures, the Young Creative Entrepreneur (YCE) Award, funded by Mr. Brandon T.C. Liu, JP and organised by the AVA, was established in 2014. This annual business start-up competition provides participants with an opportunity to obtain funding or loan, to build their own prototypes and kick-start their businesses.
1. Prototyping Award – HK$ 5,000;
- Cash prize of HK$5,000 to support a pilot run of a concept or the production of a prototype (e.g. a book, a mobile app, a sample product, etc.).
- Suitable for applicants who have an initial creative concept or product and would like to test its practicality.
2. Business Start-up Award – Up to HK$ 50,000*
- Cash prize of up to HK$50,000*to the winner(s) to implement an original, innovative and well-thought-out creative business concept.
- This award is intended for applicants who have a comprehensive creative business plan but lack the initial seed funding.
3. Business Development Loan – Up to HK$ 100,000*
- After initial implementation of a project, previous winners of the YCE Award may submit a follow-up proposal to apply for an interest-free loan of up to HK$100,000 to further develop their businesses after the successful setup.
*Subject to judging panel’s final decision.
- Applications can be made on an individual or group basis.
- All applicants must be HKBU students or recent graduates (within 4 years of graduation), with individual applicants or principal applicants of group applications having completed at least one AVA course.
- The submitted proposals should be original and should not infringe any copyright owned by any third parties.
- Complete the Online Application Form, with the following documents ready, if applicable:
1. Business Proposal (written in English, in PDF format: no more than 10 A4 pages), should include information listed in APPENDICES.
File Name: Principal Applicant’s Name_BusinessProposal.pdf (e.g.ChanTaiMan_BusinessProposal.pdf
2. CV(s) of all team member(s)
File Name: Applicant’s Name_CV (e.g. ChanTaiMan_CV)
3. (For individual applicant or principal applicants of group applications) Scanned copy of transcript or grade record, which indicate the completed AVA course(s)
File Name: Principal Applicant’s Name_AVAtranscript (e.g. ChanTaiMan_AVAtranscript)
4. (For group applications) Team List
Please download the template HERE
21 Jun 2024 (Fri), 23:59
Appendix A
Required information on business proposals for applying the Business Start-up Award (Up to HK$ 50,000):
- Project title
- Executive summary
- Project objectives and description
- Anticipated outcome and benefits of the project to the applicant’s development
- Project timeline and execution plan
- Targets, market analysis and marketing plan
- Budget plan – project expenses and/or possible income and amount requested
- Expected long-term impact to the community
- Methods for measuring performance
- Description of applicant’s experience and knowledge in the field of the project and short backgrounds of the core members
Appendix B
Required information on business proposals for applying the Prototyping Award (up to HK$ 5,000):
- Title of the prototype
- Objective of the prototype
- Description of the prototype
- Blueprint of the prototype
- Prototype development timeline
- Future plan for the prototype
- Eligible teams will be invited to attend the Final Competition (Project Pitches). All presentation should be in English.
- All shortlisted team member(s) are expected to be present at both the Pitching Workshop on 15 Jul 2024 (Mon) and the Final Competition on 23 Jul 2024 (Tue), unless prior written approval is obtained from the YCE Award Judging Panel.
- Finalists will be given 15 minutes to pitch their business ideas to the YCE Award Judging Panel, followed by a 15-minute Q&A session. (i.e. 30 minutes in total)
- The judging criteria will include innovativeness, formality, feasibility, impact for social good, and sustainability.
Winners of the Business Start-up Award (Up to HK$50,000) are obliged to submit a comprehensive report upon the completion of the project (i.e., within 1 year, up to 2 years); winners of the Prototyping Award (HK$5,000) are obliged to submit a report on the development and result of the prototype. All winners are expected to share their experience with AVA students and graduates at seminars to be organized by the AVA.
By submitting your application, you, as the principal applicant, acknowledge that project and/or proposal is originally developed by yourself and your collaborators as named in the application, and that it does not infringe on any copyright and/or intellectual property rights of other third parties. Should there be any copyright dispute regarding your project and/or proposal in the past, present or future, it is your sole responsibility and the AVA shall not bare any obligation to any legal complaint.