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Award

Award Categories and Prizes

Categories Award Prizes
Innovative Enterprise
Innovative Enterprise Award – Gold
(1 winner)
  • HK$300,000 worth of advertisement on HKET* and a trophy
  • A free exchange tour at Greater Bay Area#
Innovative Enterprise Award – Silver
(1 winner)
  • HK$120,000 worth of advertisement on HKET* and a trophy
  • A free exchange tour at Greater Bay Area#
Innovative Enterprise Award – Bronze
(1 winner)
  • HK$80,000 worth of advertisement on HKET* and a trophy
  • A free exchange tour at Greater Bay Area#
Innovative Startup Innovative Startup Award – Gold (1 winner)
  • A cash prize of HK$300,000 and a trophy
  • A free exchange tour at Greater Bay Area#
Innovative Startup Award – Silver (1 winner)
  • A cash prize of HK$120,000 and a trophy
  • A free exchange tour at Greater Bay Area#
Innovative Startup Award – Bronze (1 winner)
  • A cash prize of HK$80,000 and a trophy
  • A free exchange tour at Greater Bay Area#

Each eligible applicant company will be entitled to:
(1) 3-month free subscription to hket.com governed by the terms and conditions set by HKET.
(2) Free attendance to a networking session on 10 August 2018 jointly organised by Inno Space of Hong Kong Productivity Council and MIT Hong Kong Innovation Node. Details will be shared with the applicants in late July/ early August 2018 via email.

*The advertisement refers to designated HKET promotion platforms including printed and online (https://www.hket.com) platforms, iMoney printed and online (https://imoney.hket.com) platforms, and e-zone printed and online (https://ezone.ulifestyle.com.hk) platforms. The advertisement and HKET platforms are governed by the terms and conditions set by HKET.
# Each winner can nominate a maximum of 2 representatives to join the exchange tour at the Greater Bay Area arranged by HKET. The winner is responsible for ensuring that its representative(s) has/have all relevant and valid travel documents and is responsible for the application of any relevant travel visas and its related costs (where applicable) to participate in the exchange tour. The prize is non-transferable and cannot be converted or exchanged for cash. The Secretariat has absolute discretion to accept or reject the participation of the representative(s). This prize is governed by the terms and conditions set by HKET.

Eligibility

Innovative Enterprise

  • Companies registered in Hong Kong* before 31 July 2013, which have been established for more than 5 years with solid business operation.
  • All types of businesses are eligible including technology companies; companies from emerging industries; companies with evidence of successful business transformation via technology and innovation; and companies that have invented new products, services or business models.
  • Companies registered with HKSAR Government and hold all valid permits and licenses required or necessary for their business and operation.
  • Companies that have attained a minimum turnover of HK$10 million in the latest financial year.

Innovative Startup

  • Companies registered in Hong Kong* on or after 31 July 2013, which have been set up for 5 years or less with solid  business operations.
  • All types of businesses are eligible including technology companies; companies from emerging industries; companies with evidence of successful business transformation via technology and innovation; and companies that have invented new products, services or business models.
  • Companies registered with HKSAR Government and hold all valid permits and licenses required or necessary for their business and operations.
  • The representative must be a company founder that currently holds an active managerial and/or operational role in the company.
*Determined by the date of incorporation on Certificate of Incorporation (applicable to incorporated limited company only) or Certified Extract of Information on the Business Register (applicable to non-incorporated limited companies only).

Application Method

  • Companies must submit an online application via the award website successfully on or before 6pm, 31 July 2018.
  • The following items are required in the submission:
    • Duplicate copies of Hong Kong company registration, and all valid permits and licenses required for their business and activities, e.g. Business Registration Certificate
    • Duplicate copies of the Certificate of Incorporation and Business Registration Certificate (applicable to limited company only), duplicate copies of the Certificate Extract of Information on the Business Register, or any other documents issued by HKSAR Government as proof of the business enterprise's date of inception
    • Founder information for "Innovative Startup"
    • Details about the innovative product/service, business model or process
    • Details about the innovative practice, proprietary technology or application of the kind of technology that boosts efficiency, reduces cost, or significantly contributes to income
    • Duplicate copies of the latest tax return(s) and tax bills, and audited accounts (if statutory audit is required) or financial statements of the previous year

Judging Criteria

Innovative Enterprise Innovative Startup
Degree of innovation
Innovation in product, service, business model or process
30% 40%
Application of technology
Use of technology or application in product,
service, business model or process, with clear evidence of improved efficiency,
reduced cost, or significant contribution to income
25% 30%
Market positioning and competitive edge
Market positioning and competitiveness of products
or services in the market
25% 15%
Commercial viability
Financial viability, sustainability and scalability of the business
20% 15%