2022-23 CARS is proudly supported by HKSTP IDEATION, which is one-year startup support programme for entrepreneurs to learn the fundamental skills they need to kickstart the business.
Through the supports from HKSTP, participants are able to learn such as how to write a persuasive business plan and raise venture capital, gain a fundamental understanding of business management and the entrepreneurial ecosystem of Hong Kong, etc.
Selected teams are required to achieve a designated target at three different stage, and will receive an amount of rewards from HKSTP (up to HK$100,000)
– 1st milestone: formulating a development plan and market identification
– 2nd milestone: attaining the expected goal(s) and customer validation
– 3rd milestone: realizing the plans with a prototype; approval of admission to other HKSTP incubation programmes
Note: Scale-Up Stage teams whose start-ups incorporated for more than two years are not eligible for HKSTP IDEATION.
Note: For teams not eligible / not being selected, CARS will also evaluate their suitability for admission into other HKSTP incubation programmes after their completion of CARS.