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FAQs | Open Stream

Or can I join as an individual and find team members with others?

  • Applications will only be accepted for full teams (teams of 3 to 4). At this moment, we are not accepting individual student applications. 

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 What if I am a high school or a graduate school student? 

  • Students should be at least 18+ years old with an on-going undergraduate or above degree. 

  • Graduate school students are highly recommended to join as well, especially if you have a startup idea or project that hasn’t developed into a company yet. For legally registered companies, please apply via the Startup Stream.

  • We do not allow high school student applications for this competition

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  • Throughout the program, you’ll be able to network and build business relationships with our management team. 

  • On the TechFest finale day, you will be able to network with other startups and tech partners in the startup ecosystem. 

  • The multiple site visits and mentorship opportunities given to the competition finalists will allow your team to understand more about the New World ecosystem. 

  • Your idea should be based on the chosen problem statement and the site visits. You should craft an innovative idea to solve the said problems. 

  • You can use the design thinking framework to ideate and to narrow down to a few ideas for pitching.

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And do I get a chance to present? 

  • For the first round: We would require you to submit a pitch deck in a 10-page pdf, targeted to the problem statements (no appendix) and a 2-3 min video pitch in an elevator pitch style

  • New World Innovation Challenge 2021 Finale day: If you are chosen as one of the finalists, you will be pitching for 5 minutes on our mainstage. There will also be a Q&A session for our judges to clarify and understand your idea better. We encourage all team members to speak up and present their pitch as one of the judging criteria will be team spirit. 

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  • The judges would be the management from our Ecosystem Tech Partners and the New World Group.

  • The judges from the first round might differ from those at the final rounds. 

Do the schools need to be here in Hong Kong? 

  • Student teams do not have to come from the same university. 

  • Participating schools do not need to be based in Hong Kong but at least 1 team member should be present for the site visit, first round pitch and the New World Innovation Challenge 2021 Finale Day.

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  • We suggest that your team stay for the entirety of the competition as you will be able to network with other startup teams during the competition. 

  • Qualifying teams that are physically absent when the semi finalists and finalists are announced will be automatically disqualified. 

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  • There is no entry or participation fee for the entirety of the New World Innovation Challenge 2021 competition.

  • We would recommend you to structure your pitch in the following manner: 

    • Problem Statement 

    • Proposed Solution/Idea

    • Business Model 

  • Pitch deck should be 10 pages in length, with no appendix.  

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