Introduction
The “Food and Beverage Young Entrepreneurship Competition”, jointly organised by Centre for Innovation and Entrepreneurship (CIE) of The Hang Seng University of Hong Kong (HSUHK) and Institution of Dining Art Foundation Limited (IDAF), strives to support young entrepreneurs’ start-up projects in the Food and Beverage (F&B) industry. IDAF will provide the awardees with the awards and seed fund, industry expert mentoring and other supports.
Eligibility and Conditions
- The Competition is open to individuals or teams to participate. Students in tertiary institutions, members of Institute of Dining Professionals, non-members, F&B professionals or start-up entrepreneurs in this field are all welcome to join.
- The team leader (applicant), by 20 March 2024 (as of the deadline for proposal submission) must be aged between 21 and 40 and must possess a Hong Kong permanent identity card.
- Participant(s), if not the team leader, by 20 March 2024 (as of the deadline for proposal submission) must be aged between 18 and 40 and must possess a Hong Kong identity card.
- A team should consist of a maximum of 8 members including the team leader.
- The proposal must be related to the F&B industry.
- The Grand Winner must launch their F&B business in the specific unit location stated in the “Awards” session below, while the merit teams are expected to launch their F&B business within the territory of Hong Kong.
- All submissions must be the team’s original work. Plagiarism is NOT allowed. The submission must not contain any unauthorised use of copyrighted or proprietary materials of any person or entity or content violating the law of HKSAR.
- Businesses that are unlawful or illegal will not be supported.
Timeline
19 February 2024 – Call for entries open
20 March 2024 – Deadline for proposal submission
27 March 2024 – Announcement of shortlisted teams via email and phone
9 April 2024 – Presentation and interview of the shortlisted teams
17 April 2024 – Announcement of winning teams & award presentation ceremony
1 May 2024 – Lease starts
Proposal Submission Requirements
- Participants must complete this application form. One application form is needed for each individual or group.
- Participants are required to submit a business plan in the form of pitch deck within 15 pages, including any cover page, appendices, diagrams and tables.
- The pitch deck should be submitted in PDF format.
- The business plan can be written in either English or Traditional Chinese.
- Additional materials such as a short video, may be submitted together with the main business plan if appropriate.
- All proposal submission must be uploaded on Google Drive on or before the deadline (20 March 2024 by 23:59). Participants are required to provide the relevant Google Link via the application form.
- Both team name and proposal naming must be identical and in the form of: standard prefix (IDAFxHSU) with the full name of the applicant, e.g. IDAFxHSU-Jenny Wong.
- Each participant shall join ONE team only.
- Late submission will not be accepted.
Submission requirements of additional materials:
Short video:
- Video length: Up to 5 minutes long*
- Language: English or Chinese
- File format: MP4
- File size: Less than 200MB
- Resolution: Not higher than 720p
* The video content beyond 5 minutes will not be considered as a part of the presentation.
