Format & Rules

Global Track 

Team Eligibility (Global Track teams)

• Full-time undergraduates from ANY foreign university, discipline, and year 
• Students must register in a team of 2 to 4 members with at least 1 full-time business undergraduate. 
• Cross-disciplinary and cross-university collaboration are encouraged but not required.
• A Global Track team may include student(s) from ANY university in Hong Kong, provided that there is at least 1 student from ANY foreign university in the team. 

General Rules and Requirements: 

• All submissions should be uploaded on a designated Google Form (Link will be provided at a later stage after registration) on or before the announced deadline by the Team Captain. 
• Late submission of any required materials will be assumed by HKFBS as withdrawal from the competition.
• No re-submission or modification of any submitted materials will be allowed.
• Global Track teams will be responsible for covering their own travel expenses for attending the Grand Opening Ceremony, Semi-Final, and Final presentations in Hong Kong, and subsidy will not be provided by HKFBS.
• Failure to comply with any of the competition rules may result in disqualification. 
• HKFBS reserves the final right of decision in case of any disputes regarding the competition.

First Round: 

• Bonus points will be awarded to local track teams in the first round with at least 2 representatives participating in the Grand Opening Ceremony.
• Local entries and global entries will be assessed separately in the first round; 8 local teams and 2 global teams will be selected to compete together in the semi-final round.
• All teams should submit a 5-page Executive Summary according to the theme.
• Specifications of the Executive Summary: 
  • The 5-page Executive Summary should include the Introduction, Problem Statement, Business model, Revenue model, etc.
  • The length of the Executive Summary should NOT EXCEED 5 A4-sized pages. 
  • Cover page is required, and should ONLY contain the team number and topic of the proposal. 
  • Names of the team members and universities should NOT appear in the Executive Summary.
  • Cover page, table of content, appendix, and references will not be marked.
  • The font Times New Romand in the size of 12pt with 1.5 line spacing and 1-inch page margin must be applied.
  • The Executive Summary should be submitted in pdf format and names with your team number (E.g. Team_22999.pdf) (The team number will be provided after registration)

Semi-Final:

• 8 Local Track teams and 2 Global Track teams will be selected as Semi-Finalists to compete together
• The 10 finalist teams will be randomly divided into 5 divisions with 2 teams each. 
• All semi-finalists will be required to submit a 15-page written proposal with full details of their business idea, including but not limited to financial analyses and projections, marketing plans, implementation timeline, etc. 
• The Semi-Final presentation will be in the format of a 10-minute uninterrupted presentation, followed by 3-minute Q&A by the opponent team in the same division and 5-minute Q&A by the Evaluation Committee.
• The time limit for the Q&A session will only be applied to the presenting teams’ responses and does NOT include time used by the Evaluation Committee and opponent team in raising questions.
• Qualified Global Track teams may choose to attend the semi-final round presentation in person or virtually via ZOOM. Please be assured that the mode of presentation chosen will NOT impact the results.

Grand Final:

• 5 semi-finalist teams will be selected as Finalists.
• All finalist teams will be required to submit a 20-page written proposal.
• The final presentation will be in the format of a 15-minute uninterrupted presentation, followed by a 10-minute Q&A session by the Evaluation Committee.
• The time limit for the Q&A session will only be applied to the presenting teams’ responses and does NOT include time used by the Evaluation Committee in raising questions.
• Qualified Global Track teams may choose to attend the semi-final round presentation in person or virtually via ZOOM. Please be assured that the mode of presentation chosen will NOT impact the results.
• Non-finalist Global Track teams are welcomed but not required to attend the Grand Final in person. 
• Certificates of Participation will be delivered to the Team Captain after the Grand Final.