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Eligibility

Early-growth stage:

  • Less than 5 years of operation with existing prototype / product or service
  • Startup has raised less than USD$1m
  • Tackling urban social / environmental challenges in Asia
  • Envision regional collaborations and development
  • All submissions and presentations for the Grand Final must be in English or Chinese
  • Able to attend ASIA Impact Week and Grand Finals in Hong Kong

Idea stage:

  • An original and well thought-out idea that aims to tackle urban social and environmental challenges in Asia
  • Submitting individual or teams must be from Hong Kong
  • Show related experience or knowledge on targeted social issue. Startups with pilot experiences must be less than 2 years old
  • All submissions and presentations for the Grand Final must be in English or Chinese
  • Able to attend ASIA Impact Week and Grand Finals in Hong Kong

Judging Process


Regional Judging
Early-mid Nov, 2019
Top 22 (Early-growth stage) & top 10 (Idea stage) finalists are selected by ASIA regional partners


Second Judging
Late Nov, 2019
Top 11 (Early-growth stage) & top 3 (Idea stage) finalists are selected by ASIA judging panel consisting of industry experts across Asia

People’s Choice Award Voting 
Mid Nov, 2019 – Feb, 2020
Online voting to select favorite social innovation idea or startup by the general public and fans


Grand Finals Judging
11-12 Feb, 2020
Winners of the Grand Prize, Health Impact Award and Grand Idea Award are selected by the ASIA Grand Finals judging panel. Winner of the People’s Choice Award as voted online by the general public will be announced


Judging Criteria

Early-growth stage:

  1. Innovation (25%)
    – Creativity and innovation in utilizing human and capital resources to address a social need
    – Clear market differentiation from competitors and unique market position
  2. Social Impact (25%)
    – Clear definition, understanding and solution for social challenge
    – Full integration of social impact into business model – impact scales as business scales
    – Long term vision for social change – does not simply satisfy an immediate social need
  3. Commercial Potential (20%)
    – Realistically defined business model and funding strategy
    – Demonstrates potential for financial sustainability and profitability
  4. Feasibility and Scalability (20%)
    – Feasibility in executing the product / service and getting it out to the market
    – Scalability across different demographic, geographic and market settings
    – Potential for cross-sector partnerships
    – Proprietary position that offers high potential for substantial growth and impact
  5. Team strength (10%)
    – Team demonstrates knowledge and understanding of the target community
    – Team has the capabilities, expertise to execute the business plan
    – Team’s ambition, drive, passion, vision and culture

Idea stage:

  1. Innovation (40%)
    – Creativity and innovation in utilizing human and capital resources to address a social need
    – Clear and unique market position
  2. Social Impact (35%)
    – Clear definition, understanding and solution for social challenge
    – Full integration of social impact into business model – impact scales as business scales
    – Long term vision for social change – does not simply satisfy an immediate social need
  3. Market potential & business model (25%)
    – Clear outline of business model demonstrating potential of sustainability and profitability
    – Defines the market size and potential; assess competitive landscape and regulatory framework
    – Demonstrates potential for cross-sector partnerships

Judges

Coming Soon!

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