Rosewood Foundation Entrepreneurship Award 2025

Launched by The Hong Kong Federation of Youth Groups (HKFYG) and Rosewood Foundation in 2023, the “Rosewood Foundation Entrepreneurship Award”（瑰麗慈善基金創業家大獎）aims to support young entrepreneurs in combining their passion for ‘doing good’ with business, and to unlock their creativity and talents by connecting them with resources and support mechanisms.

This year, the “Rosewood Foundation Entrepreneurship Award 2025” is seeking young entrepreneurs with innovative solutions in driving sustainable development in the hospitality industry. If you have a solution and are seeking funding to expand your business, apply now!

About the Award

The Rosewood Foundation Entrepreneurship Award will provide scale-up funding of up to HK$100,000, along with mentorship and business collaboration opportunities:

• 20 finalist companies will receive opportunities to expand their networks and participate in networking events.
• 10 companies shortlisted to participate in the Pitch Day will receive mentorship sessions and networking opportunities provided by The Hong Kong Federation of Youth Groups and Rosewood Foundation.
• 5 companies will be selected to receive scale-up funding of up to HK$100,000 to expand their businesses and explore opportunities for collaborating with hospitality businesses.

You will have access to: 

1. Start-up Mixer & Industry Networking Event

2. One-on-One Mentorship Sessions

3. Networking Opportunities

Application Requirements – 4 Themes

Applicants must be working on 1 of the following themes:

1. Smart Technology to Enhance Hospitality Operation and Guest experience
Integration of advanced technological solutions to streamline operations, improve guest experiences and promote sustainability.

2. Wellness and Sustainable Lifestyle Solutions
Incorporation of wellness practices, mindfulness and sustainable living principles into the hospitality experience.

3. Culinary Innovations
Promotion of novel culinary experiences, innovative F&B products, farm-to-table dining concepts and sustainable F&B practices that highlight local and cultural authenticity.

4. Green Building and Design
Development of tools and materials for innovative green building and architectural designs.

Eligibility

1. Applicants must be Hong Kong permanent residents aged between 18 and 35;
2. Applicants must not have been bankrupt or involved in bankruptcy proceedings;
3. Applicants must be seeking support for scale-up funding to either:
   1. Expand their existing business; or
   2. Expand into a new area of business that has already been tested or certified;
4. The company must be registered in Hong Kong and have been in operation for at least 2 years but not more than 5 years;
5. Businesses must not be unlawful, illegal or involved in tobacco, advocacy of gambling, obscenity, etc.;
6. The nature of business must be related to the hospitality industry, including:
   1. Travel & Tourism;
   2. Food & Beverage;
   3. Lodging; or
   4. Outdoor & Recreation;

7. Applicants must provide relevant business registration documents, including a copy of the Business Registration Certificate, a copy of the Certificate of Incorporation, financial and audit reports and a copy of the Incorporation Form (Company Limited by Shares); and
8. If the company to be funded is a joint venture or operating as a limited company, all partners or shareholders must also be joint applicants and meet the above qualifications.

Application Method

The programme only accepts online applications. Please submit the online form, business plan and required documents by the deadline (5:00pm on 29 November 2024). Late and incomplete submissions will not be accepted.

Details of Award and Application Requirement: HERE

Enquiry: rosewoodaward@hkfyg.org.hk