Young Creative Entrepreneur Award

 

Let your creative ideas grow from buds to blooms

The Young Creative Entrepreneur (YCE) Award is a business start-up competition established in 2014 with generous funding of Mr. Brandon T.C. Liu. It is organised annually under the professional development and training branch of kaitak, the Young Artists Agency (YAA). The award aims at encouraging students and recent graduates of the Academy of Visual Arts (AVA) to develop their creative ideas into executable plans and self-sustainable innovative businesses.

The YCE Award gives out two awards annually.

  •       Prototyping Award – HK$5,000; 
    • The winner(s) will receive a 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.).
    • This award is most suitable for students or graduates who have an initial creative concept or product and would like to test its practicality.
  • Business Start-up Award – max. HK$50,000;
    • The award grants 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 students or graduates who have a comprehensive creative business plan, but lack the initial seed funding.*The grant amount to be given out will be subject to the availability of funding and quality of applications received.

From 2015 onwards, previous winners of the YCE Award can submit a follow-up proposal to apply for an interest-free loan to expand their new business after its successful setup.

  • Business Development Loan – max. HK$100,000;
    • An interest-free loan of maximum HK$100,000 to help YCE winners to further develop their businesses.

 

| Schedule |

Tutorials

In the current edition of YCE Award, kaitak, Centre for Research and Development in Visual Arts will provide on-demand tutorials to AVA students and recent graduates to assist them to write up their business proposal prepare for the project pitching, as well as to review their proposal.

Please follow www.facebook.com/kaitak or stay tuned to kaitak.hkbu.edu.hk to learn more about the on-demand tutorials.

 

Important dates

  • Deadline for submission of proposals for the competition – 31 August 2017
  • Panel Shortlist – Early September 2017
  • Project Pitches – Late September 2017
  • Notification of results – Early October 2017
  • Award Presentation – Mid October 2017

 

Eligibility

Applications can be made on an individual or group basis. For individual applicant, he/she must be:

  • final year students of Associate Degree in Visual Arts, BA (Hons) in Visual Arts or Master in Visual Arts offered by AVA;
  • students from AVA’s Research Postgraduate (MPhil/PhD) programmes;
  • recent graduates of AVA

For group applications, the principal applicant must fulfil the above eligibility criteria for individual applicant, but there is no such limitation for other group members.

 

 

| Selection Criteria |

Marking scheme

  • Innovativeness (40%) (0 – 5 score)

Is the concept creative and original?

Does the project outcome provide a new experience to target viewers/users?

  • Feasibility (30%) (0 – 5 score)

Is the project realistic and well planned? Is the applicant capable of delivering the project?

  • Sustainability (20%) (0 – 5 score)

Is the project financially viable long-term?

Has the target market for the project been considered?

  • Formality (10%) (0 – 5 score)

Does the proposal contain all the required information?

Is the content presented clearly and convincingly?

| Rules and Regulations |

Proposal

  1. All proposals should be written in English.
  2. The length of proposal should not exceed 10 pages (including appendix).
  3. You can only submit your proposal once. Further details may be incorporated into your presentation but dramatic changes will undermine your credibility, thus severely limiting your chances of winning the competition.
  4. The deadline for proposal submission is on 31 August 2017, 23:59.

Presentation 

  1. The Judging Panel will shortlist 6–10 applicants for interview in late September 2017. (Exact date will be confirmed after the submission of proposals.)
  2. The contestant(s) will be assigned to a random time slot for presentation.
  3. Usually all members of each team are expected to be present at the presentation. Any absentee from each team may constitute disqualification unless having prior written approval from the YCE Award committee.
  4. Presentations should be in English only.
  5. The presentation consists of 15 minutes without interruption from the judges followed by a question-and-answer session for another 15 minutes.
  6. Any team requiring proprietary software or equipment to demonstrate its proposal is responsible for providing and arranging installation of the software or equipment concerned.

Confidentiality and Intellectual Property

  1. The proposal should be original and should not infringe any copyright owned by any third party.
  2. The authors of the business plan will retain all proprietary rights to the plan regarding its use at all times prior to and following the competition
  3. All contestants will be responsible for taking the proper steps to protect their intellectual property.

 

| Application |

Eligibility

Applications can be made on an individual or group basis. For individual applicant, he/she must be:

  • AVA students of Associate Degree in Visual Arts, BA (Hons) in Visual Arts or Master in Visual Arts;
  • students from AVA’s Research Postgraduate (MPhil/PhD) programme;
  • recent graduates of AVA.

For group applications, the principal applicant must fulfil the above eligibility criteria for individual applicant, but there is no such limitation for other group members.

Application

The deadline of proposal submission is on 31 August 2017, 23:59. Applicants are required to submit a completed application form, CV(s) and a business proposal to kaitak.hkbu.edu.hk. All business proposals should include the information listed in Appendix A.

Applicants will be informed in mid-August 2016 whether their proposals are shortlisted. Shortlisted applicants will need to attend a pitch, tentatively scheduled for early September to present their projects. Winners of the competition will be notified in mid-September 2016, and are expected to attend the awards presentation (to be confirmed). Any award will be payable through bank cheque to the principal applicant.

| Obligation |

Winners of the YCE Award – Business Start-up Grand Prize are obliged to submit a comprehensive report upon the completion of the project; while winners of the YCE Award – Prototyping Award are obliged to submit 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 organised by the Young Artist Agency.

 

| Appendix A |

This section outlines the information that should be included in the business proposal for YCE Award – Business Start-up Grand Prize. AVA students or recent graduates who would like to apply for the YCE Award – Prototyping Award, please include the information listed at Appendix B.

Required information in business proposals for applying Business Start-up Grand Prize

  1. Project title
  2. Executive summary
  3. Project objectives and description
  4. Anticipated outcome and benefits of the project to the applicant’s development
  5. Project timeline and execution plan
  6. Targets, market analysis and marketing plan
  7. Budget plan – project expenses and/or possible income and amount requested
  8. Expected long-term impact to the community
  9. Methods for measuring performance
  10. Description of applicant’s experience and knowledge in the field of the project and short backgrounds of the core members

DISCLAIMER

BY SUBMITTING YOUR APPLICATION, YOU, AS THE PRINCIPAL APPLICANT, ACKNOWLEDGE THAT YOUR 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 ACADEMY OF VISUAL ARTS SHALL NOT BARE ANY OBLIGATION TO ANY LEGAL COMPLAINT.

| Appendix B |

This section outlines the information that should be included in the proposal for YCE Award – Prototyping Award.

Required information in business proposals for applying Prototyping Award

  1. Title of the prototype
  2. Objective of the prototype
  3. Description of the prototype
  4. Blueprint of the prototype
  5. Prototype development timeline
  6. Future plan for the prototype

DISCLAIMER

BY SUBMITTING YOUR APPLICATION, YOU, AS THE PRINCIPAL APPLICANT, ACKNOWLEDGE THAT YOUR 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 ACADEMY OF VISUAL ARTS SHALL NOT BARE ANY OBLIGATION TO ANY LEGAL COMPLAINT.

 

| Apply Now |

Enquiry

Mr. Kevin LAW
Phone: 34118259
Email: kevinlaw@hkbu.edu.hk