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Funding Arrangement

Climate Action Start-Up Award

Winning teams in the Idea Stage League will be awarded a seed fund of HK$120,000 each to prototype or implement the climate change solutions. Awardees have to be registered and application for Business Registration and launch their project within three months of receiving the award. The project duration covered by the funding should be between six and twelve months. Funding recipients are required to submit reports and other documents requested by the Organiser during/after the funded project period. The fund may be used for programme set-up, implementation, operation, promotion and other relevant project expenditure subject to the approval of the Organiser. The seed fund would be awarded to winners in two phases:

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    First Instalment

    HK$100,000 will be issued after the teams submit their funding budget plans, documents outlining and setting project milestones, and a signed Funding Agreement.
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    Final Instalment

    HK$20,000 will be issued after the Final Report and the Company Factsheet are received and approved by the Organiser. If necessary, the Organiser may request awardees to submit additional documents for review.

Climate Action Acceleration Award

Winning teams in the Scale-Up Stage League will be awarded an acceleration fund of HK$180,000 each to accelerate the growth of their start-ups and facilitate project implementation on combating climate change. The funding recipients are required to implement their projects within three months of receiving the award. The project duration covered by the funding should be between twelve and eighteen months. Funding recipients are required to submit reports to the Organiser during the funding period. The fund may be used for programme set up, implementation, operation, promotion and other relevant project expenditure subject to the approval of the Organiser. The acceleration fund would be awarded to the winners in two phases:

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    First Instalment

    HK$120,000 will be issued after the teams submitted their funding budget plan, documents outlining and setting project milestones, and a signed Funding Agreement.
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    Final Instalment

    HK$60,000 will be issued after the Final Report and Company Factsheet are received and approved by the Organiser. If necessary, the Organiser may request awardees to submit additional documents for review.