Award Overview

Selected finalists will have the opportunity to showcase their startups, gain new insights and expand their networks to achieve greater social impact in Hong Kong.

Impact Area

ASIA 2018-19 “Impact of Things” targets startups addressing any of the following 10 Impact Areas:

Restore Ladders – Alleviating poverty & improving livelihoods
Housing and space – Alternative housing, reimagining the use of public/private spaces
Inclusive society – Enhancing social inclusion, diversity and equality
Rethink Learning– Transforming education and innovating the way we learn
Health and Wellness – Medical, preventive care, healthy lifestyle, aging, end of life
Wisdom City – Sharing economy & community
Global Citizenship – Advocating a ‘WE mindset” to solve global issues
Sustainable Living – Promoting sustainable development, tackling climate change and environmental challenges
Shape Culture – Expanding the influence of art / media and nurturing creativity
Your Impact Area – Others

What We Offer

 

Grand Prize
$100,000HKD
Recognizing a startup in any category demonstrating excellent innovation in creating social impact with commercial potential and scalability.

Learning Innovation Award
by Peterson Group

HKD$20,000
Recognizing a startup in the ‘Rethink Learning’ category who show significant innovation and potential to transform education and learning.

Health Impact Award
by Johnson & Johnson

HKD$20,000
Recognizing a startup in the “Health & Wellness” category that seeks to provide better access to care in communities while promoting a culture of health and well-being.


Others:

– Live Demonstration to 4,000+ audience
– Pitch to industry experts, corporates and investors
– Startup exchange
– High-impact Mentorship
– Startup incubation and network support from regional partners
– Exclusive listing on AVPN Deal Share Platform
– Social startup tour in Hong Kong
…and more!

Entry Process

Application period

15 Oct – 7 Dec, 2018
Submit an application by identifying one of the the listed 10 Impact Areas that your social startup is addressing, and completing the application form by December 7th, 2018

Judging

Early Dec, 2018
Submissions will be reviewed by judging panels formed by ASIA and regional partners
Learn more

Finalist Announcement

Mid Dec, 2018
Finalists will be selected to attend the Grand Finals in Hong Kong

Grand Finals

23-24 Jan, 2019
22 Jan: Finalists will attend a day of mentorship, workshop and talks
23 Jan: Final Pitch & Showcase at JUMPSTARTER, Hong Kong Convention and Exhibition Centre
24 Jan: Award Ceremony at JUMPSTARTER, Hong Kong Convention and Exhibition Centre

Eligibility

  • Early to growth stage startups
  • Less than 5 years of operation with existing prototype / product or service
  • All submissions and presentations for the Grand Final must be in English
  • Startup has raised less than USD$1m
  • Tackling urban social / environmental challenges in Asia
  • Envision regional collaborations and development

Judging Criteria

  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 (25%)
    – Realistically defined business model and funding strategy
    – Demonstrates potential for financial sustainability and profitability
  4. Feasibility and Scalability (25%)
    – 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

Judges

Coming Soon!

Submit Your Innovation