PolyU Maker Fund Programme (the "Programme") aims to accelerate local hardware start-ups’ product development from ideas to production, leveraging the manufacturing capabilities of Shenzhen and other Greater Bay Area (GBA) cities.
Compared with software/app development, hardware development requires much more time and capital resources, specific knowledge and skills on electronic and mechanical engineering, and industrial design, etc. It also involves a long iterative process from idea to a marketable product. Hardware start-ups, usually with limited resources and few orders, have been facing tremendous difficulties.
In view of this, PolyU has tailor-made this Programme for Hong Kong young makers, by leveraging its own expertise and resources as well as partners’ network and through the support of the Youth Development Fund (YDF) (Funding Scheme for Youth Entrepreneurship in the Guangdong-Hong Kong-Macao Greater Bay Area) under the administration of Youth Development Commission of Home Affairs Bureau. (Please visit the website of 《青創同行We Venture》for more details).
Programme Design & Schedule
PolyU Maker Fund - Open to All
All Hong Kong youths (can be PolyU or non-PolyU members), with or without a concrete idea for a hardware/product, are welcome to apply for this Programme and join a Hardware Bootcamp (3 days) as an individual or in a group. An individual Applicant can choose to form a team with other Applicant(s) on the first day of Hardware Bootcamp, and all the teams will undergo the First Assessment at the end of the Bootcamp. The shortlisted teams will then go through the “Minimum Viable Product” (MVP) development and market validation training (3 weekends) before the Final Assessment. Twelve teams will be selected ultimately to enjoy a 24-month incubation and funding support.
PolyU Makerthon - Current PolyU Students Only
PolyU Makerthon is a 3-day ideation event exclusive to current PolyU students (full-time or part-time, include HKCC and SPEED) under Maker Fund Programme. The teams shortlisted in Makerthon will enjoy prototyping fund support, one on one mentorship and direct entry to MVP & Market Validation Training.
.....Online Briefing Session
.....Announcement of Eligible Applicants/Teams
.....Hardware Bootcamp & First Assessment (Announcement of Shortlisted Teams)
4-5, 11-12, 18-19 Sep .
.....MVP & Market Validation Training (3 weekends)
.....Demo Day & Final Assessment
.....Announcement of Result
Funding Support of HK$600,000
With the support of the Youth Development Fund (YDF) (Funding Scheme for Youth Entrepreneurship in the Guangdong-Hong Kong-Macao Greater Bay Area) under the administration of the Youth Development Commission of Home Affairs Bureau, each shortlisted hardware start-up team in the Final Assessment will be eligible for fund support of HK$600,000 in total in a period of two years, disbursed by instalments throughout the 24-month funding period.
All Hong Kong youths (can be PolyU or non-PolyU members), with or without a concrete idea for a hardware/product, are welcome to apply for this Programme. Applicants can join as an individual or in a group, and an individual Applicant can choose to form a team with other applicant(s) during the Hardware Bootcamp. The Applicant MUST fulfil the following criteria:
Basic requirements (as per YDF's requirements):
All teams in the First Assessment and Final Assessment can comprise single or multiple members, but the teams shortlisted for the funding support MUST fulfil the following requirements during the funding period:
Upon the Application Deadline.
Current PolyU staff is eligible to apply for the Programme as PA or team member, however if the PolyU staff's team is shortlisted to be supported by the Fund, he/she shall not join the Funded Start-up as partner or shareholder unless Government agreed in writing. If he/she wishes to be a PA or team member in the Funded Start-up while keeping his/her employment, he or she shouldl seek the University’s approval, subject to pertinent policies and regulations governing knowledge transfer and outside activities.
In the sole opinion of PolyU, key management position usually should be evidenced by 20% or more ownership, in the form of equity shares or share options in the Funded Start-up.
The Applicant shall complete an online form and submit on or before the Application Deadline stipulated below.
**Please note that after team formation (if necessary) during the first day of Hardware Bootcamp, all the teams will be required to submit the information and documents below through an online application system before the First Assessment: