The HSBC Young Entrepreneurship Award

A team of Electrical Engineering Year 2 students won the Silver Award of the HSBC Young Entrepreneurship Awards 2007-08. It is the first time that engineering students won this award since it was first launched in Hong Kong in 2000. The award aims to help encourage innovation, stimulate creativity and promote entrepreneurship amongst students in Hong Kong. The competition was highly competitive. A total of 337 teams had participated in the competition this year.

In October 2007, our EE2 students Lee Lap Cho Eldon, Leung Chung Ming Philip, and Wong Tsz Chung Peter formed a team called U-Grass and wrote a business plan to develop a roof-top greening entrepreneur business. They started writing their business idea in Oct 2007. After competing with other 337 teams in round one, 52 entrants with creative business ideas were selected to submit a full business plan in round two. In this round, 6 qualified teams were shortlisted for panel interview in February 2008. The team then qualified for the Eco-Business Innovation Award and was selected to enter into the Hong Kong Final Context. In the Hong Kong Final Contest held on 3 April 08, the team presented their business plan at the HSBC Headquarters and won the Silver Award. The team received a HSBC self-development fund of HK$25000, a trophy for each member and one-week entrepreneurial study tour.

“I m pleased to see that our students are rewarded and won in this highly competitive award.” The team advisor Dr. Wilton Fok was impressed by the student performance. “This Award demonstrated the versatility of our engineering students. The team not only applied their engineering and technical knowledge, but also proactively self-studied the concept of business and financial analysis and produced an excellent business plan. I was very impressed by their initiative and capabilities.”

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The team shared the success and joy with their supporting teachers. From left: Prof. K.T. Chau, Dr. Y.S. Hung, Mr. Philip Leung, Mr. Eldon Lee, Mr. Peter Wong and Dr. Wilton Fok

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Mr. Philip Leung presented their business plan to the judging panel. The judging panel include: Dr. K.S. Lo, Chairman and Managing Director of the Great Eagle Holdings Ltd; Mr. Vincent Cheng, Chairman of HSBC Corp. Ltd.; Mr. Victor Li, Managing Director and Deputy Chairman, Cheung Kong (Holding) Ltd. and Mr. Andrew Brandler, Deputy Chairman, HK General Chamber of Commerce.

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Mr. Eldon Lee explained how their business can save energy and safe the environment.

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Mr. Peter Wong introduced the project implementation plan and financial analysis. The event were recorded by the press and electronic media.