U*Star Award

U*STAR Award
Category
Accelerator Funds and Space
Date and Time
21 February 2020

***Effective 2019-2020 Spring, the administration of the U*STAR Award has been transferred from the Technology Transfer Center (TTC) to Entrepreneurship Center (EC), and therefore, all inquiries and applications of U*STAR Award shall be directed to EC.***

Supported by the Knowledge Transfer Fund from the University Grant Committee (UGC) of the HKSAR Government, the U*STAR Award encourages technology transfer with new business creation based on the University technologies and research output.

 

1. Objectives


Administered by the HKUST Entrepreneurship Center (EC), the HKUST Dream Builder Funds includes the Alumni Endowment Fund Start-up Grants (AEF), Entrepreneurship Acceleration Fund (EAF), U*STAR Award and Yeung Wing Yee Entrepreneurs Fund (YWYEF), which are all aimed at supporting startup ideas, projects and business initiated and/or owned by HKUST members (students, alumni, faculty):

1.1 To support, in the form of funding/ award/ resources/ services, etc., for startups of all different entrepreneurial stages in order to facilitate their ideation, development and acceleration;

1.2 To promote and engage HKUST members in cross-disciplinary collaboration to transform innovative ideas into concrete and value-added solutions for society; and

1.3 To foster an entrepreneurial culture among the HKUST community, cultivating and enhancing HKUST members’ entrepreneurial spirit, mindset, skills and potentials for the pursuit of entrepreneurial dreams.

 

2. U*STAR Award Amount and Scope of Activities Covered


2.1 Maximum Award Amount Per Project: Up to HK $40,000

2.2 Scope of Activities Covered:

  • Business Registration
  • Product/ Service Development
  • Prototyping, including justifiable equipment/ materials
  • Marketing, promotional materials
  • Cloud rental for trials
  • Further development of existing projects

 

3. Eligibility


3.1 Applicants can apply for the Award on an individual or team basis. Each application should name one Principal Applicant (Person-in-Charge) who must be a current student of HKUST. In accordance with the spirit of the U*STARAward to encourage entrepreneurial technology transfer with new business creation based on the University technologies and research outputs, priority will be given to teams with a mixed background of different majors / departments / schools of HKUST and teams using HKUST-owned technologies or inventions.

3.4 Proposed projects and business plans must be based on University technologies and/or research output; the business model should demonstrate potential for industrial or commercial applications and leads to commercialization opportunities. Projects that solely focus on research are not eligible.

4. Startup Support for Award Recipients and Project Duration


All award recipients are entitled to the following startup support:

  • Accelerator Space and Facilities: access to hot desk in co-working space, meeting rooms, mail box, storage locker, etc. at theBASE
  • Mentoring by entrepreneurs and experts in mentorHUB@HKUST
  • Advising by staff from Entrepreneurship Center and the Technology Transfer Center
  • Referrals and/or nominations to internal and external opportunities (e.g. competitions, activities, funding sources, etc.
  • Nomination to other sources of funds such as the Technology tart-up Support Scheme for Universities ("TSSSU") program at HKUST.

Project typically lasts for 6 months after the project commencement date.

5. Application, Terms and Conditions, Selection and Disbursement Details


5.1 Online Application

5.2 Before application, please read the Application Notes for all the terms and conditions, selection criteria, vetting procedures and disbursement conditions.

5.3 Checklist of supporting documents to be uploaded to online application:

 

6. Enquiries


The Secretariat of HKUST Dream Builder Funds
HKUST Entrepreneurship Center

Tel: (852) 2358 7901
Email: ecfund@ust.hk

 

Personal Data (Privacy) Collection Statement:
  • The personal data provided by you will be used by staff in HKUST Entrepreneurship Center (EC) for purposes related to the processing of administrative, research and statistical purposes.
  • The personal data (including name, address, email and contact number) provided by you will be used by HKUST EC staff for delivering information including any events and functions to be held, and other affairs and activities related to EC. This personal data will not be transferred to other external parties for purposes as stated above, except commissioned research consultants and agencies for marketing activities as stated above.
  • Under the provision of the Personal Data (Privacy) Ordinance, you have rights to request access to, and to request the correction of, your personal data. For such requests, please submit written requests to ecenter@ust.hk.