Step | Remarks | |||
1 | Team leader should submit the APPLICATION FORM (Current Students / Alumni) of MetroChallenge Lab with project details and budget plan. | Applications are assessed monthly. Early application is recommended. Cut off date of each month:
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2 | Email confirmation will be sent after initial verification. | |||
3 | Assigned entrepreneurship coach will contact you to comment on your project scope and budget allocation. | |||
4 | Finalized project scope and budget allocation should be sent to saomc@hkmu.edu.hk for final approval. | |||
5 | The project team can process their minimum viable product (MVP) according to approved project scope and budget up to 21 May 2023 (Sunday) Extended to 28 May 2023 (Sunday). | |||
6 | The project team should submit:A report endorsed by the assigned entrepreneurship coach with concrete proof (e.g. pictures/video) of MVP completed (report template will be provided); |
Criteria | Percentage |
1. Team Capability: Team cooperation, relevant knowledge and skills, passion in entrepreneurship | 20% |
2. Potential Social or Community Impact: create positive social change addressing identified priority social or community needs | 20% |
3. Business planning: the ability to understand contextual background such as market demand, product positioning, competitive analysis, sales and marketing channel, budget and risk control, contingency plan | 20% |
4. Implementation Feasibility and Business Sustainability: the ability to self-sustain in order to achieve potential scaling up of business | 20% |
5. Presentation Quality: The ability to present ideas clearly | 20% |
Total | 100% |
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