IDEATION



What is IDEATION?

Turn your brilliant ideas into reality and launch successful ventures with IDEATION, up to one-year startup support programme for tech-focused entrepreneurs.

Through the programme, learn the fundamental skills you need to kickstart your business. We provide all-round support from designing your business model to finding investment. We guide you every step of the way, to fine-tune your ideas for technical development.

What will IDEATION give you?

Seed Funding

  • HK$100,000 financial grant

Coaching

Training

  • Topics include: Hong Kong’s startup ecosystem, Business modelling, Pitching and investment etc.

Centre Facilities

  • Co-working space access*

Potential to bridging programmes

  • Prepare for HKSTP incubation programmes admission

*subject to availability

Is IDEATION right for you?

We’re looking to cultivate the next generation of entrepreneurs. You are welcome to join IDEATION if you:

  • Have an innovative idea supported by R&D and business planning AND
  • Are a HKID holder aged 18 and above, OR
  • Have a limited company incorporated in Hong Kong for less than 2 years by the application start date, OR
  • Have a team (must incorporate a limited company in Hong Kong before the programme starts)

How do you apply for IDEATION?

  • Submit your proposal for the assessment on Evaluation Criteria, with reference to the template provided below.
  • Complete the online application with supporting documents.
  • Evaluation Criteria
    • Team competency
    • Business development potential
    • Innovativeness
    • Research & Development

Application Timeline

May 2021 (Cohort 21-07)

  • Application Period:3 May 2021 noon to 31 May 2021 noon
  • Admission Panel Meeting (shortlisted applicants only): Late June/early July 2021
  • Result Announcement: July 2021

September 2021 (Cohort 21-08)

  • Application Period: 1 September 2021 noon to 30 September 2021 noon
  • Admission Panel Meeting (shortlisted applicants only): Late October/early November 2021
  • Result Announcement: November 2021

January 2022 (Cohort 22-09)

  • Application Period: 3 January 2022 noon to 28 January 2022 noon
  • Admission Panel Meeting (shortlisted applicants only): Late February/early March 2022
  • Result Announcement: March 2022

*Detailed programme schedule will be shared with applicants.

    

 

FAQ

Applications

No, you don’t have to. As long as you’re aged 18 or above and interested in pursuing a career in the Innovation and Technology industry, you’re welcome to join the programme on a part-time basis! We want to help you turn your amazing ideas into reality!

Our programme is designed to nurture aspiring tech-focused entrepreneurs. There is no limit to admission numbers.

At the application stage, you may apply as a team applicant without a company. When your team application has been approved by the IDEATION admission panel, then you must incorporate a limited company in Hong Kong before starting the programme.

In general, it takes around 2 months after the application deadline to complete the process.

Application process

  1. Application submission made before the deadline
  2. Pre-screening by the admission panel
  3. Shortlisted applications will be invited to an Admission Panel Meeting
  4. Presentation in the Admission Panel Meeting (only for shortlisted applications)
  5. Due diligence meeting (only for panel selected applications)
  6. Result Announcement

 

Programme offers

We will assist in the formation of a development 1-year plan, the funding will be released in 3 tranches according to the progress of the plan.

IDEATION will give participants 10 training sessions with different themes, such as how to write a persuasive business plan and raise venture capital, so that participants gain a fundamental understanding of business management and the entrepreneurial ecosystem of Hong Kong.
Participants must complete all 10 designated courses during the one-year programme duration or they may not be able to obtain the full seed funding.

IDEATION participants can enjoy partners’ offerings to park companies, which offers essential services to boost your development in the entrepreneur journey.

Participants will have access to HKSTP startup community by meetups and networking opportunities too.

Potential IDEATION participants will be recommended to apply for HKSTP Incubation Programmes for further support on their entrepreneurial journey.
In addition to the online application, the admission panel will also evaluate a IDEATION company’s achievements during the programme to evaluate their suitability for admission into other incubation programmes.
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