HKMA Green Fintech Competition
Welcome to the official website of the Hong Kong Monetary Authority's (HKMA) Green Fintech Competition.
Background
The Green Fintech Competition is part of the HKMA’s efforts to enhance the resilience of the banking sector to climate risk. It aims to raise the Hong Kong banking sector’s awareness of market-ready green fintech solutions and promote the use of technology in green and sustainable banking.
Green fintech firms are invited to participate and showcase how their solutions can be applied to the banking sector to address one of the following themes:
#1 Net-zero Transition or Transition Planning
#2 Climate Risk Management
#3 Green and Sustainable Finance
#4 Sustainability or Climate-related Disclosure and Reporting
Eligibility
All firms in Hong Kong and around the world offering green fintech solutions are welcome to participate.
Interested firms will need to submit a market-ready solution for at least one of the above themes by 20 October 2023. You can choose to tackle the problem statements listed at this link or other problem statements which you think are relevant to the four themes.
Timeline
*Contestants will be duly informed of the actual dates through their registered email.
Key Activities | Timeline |
Complete the application | 6 Oct 2023 |
Notify phase-1 shortlisted applicants | Mid October 2023 |
Virtual pitching with judge panel (for shortlisted applicants only) | Late October 2023 |
Result announcement | Mid November 2023 |
Award presentation ceremony in the HKMA Green and Sustainable Banking Conference 2023 | 11 December 2023 |
Why participate?
Winners (1 winner from each theme, in total 4 firms) will have the opportunities to:
- showcase the solutions in the HKMA Green and Sustainable Banking Conference 2023 by making on-stage presentation and hosting exhibition booths
- enjoy free use of Cyberport's co-working space “Smart-Space”* for 3 months
- be offered a fast-track opportunity to the presentation stage of Cyberport Incubation Programme^
- establish business connections with 50+ financial institutions, 30+ venture capital firms and other government departments / business associations through InvestHK
- receive marketing exposures on the InvestHK’s FinTechHK Community Platform
Other finalists will have the opportunities to:
- showcase the solutions in the HKMA Green and Sustainable Banking Conference 2023 by hosting exhibition booths
- establish business connections with 50+ financial institutions, 30+ venture capital firms and other government departments / business associations through InvestHK
- receive marketing exposures on the InvestHK’s FinTechHK Community Platform
All shortlisted firms (in total around 40 firms) will have the opportunities to:
- display a video on the solution on the HKMA Green and Sustainable Banking Conference 2023 webpage to promote their brand
*Cyberport reserves the rights of final decision and interpretation.
^ Cyberport Incubation Programme will provide up to HKD$500,000 financial assistance to its successful applicants. For more details, please refer to the admission requirements of the programme.
Evaluation criteria
Aspect | Evaluation criteria | Weighting |
Company | How experienced and knowledgeable are the leaders and how stable has the leadership team been over the last two years? | 10% |
To what extent do the solution delivery teams have appropriate capacity, technical qualifications, knowledge, skills and experience? | 10% |
Solution | What is (are) the problem(s) the applicant would like to solve? How well does the solution solve the problem(s) and how comprehensive is the solution?* | 30% |
How easy is it to implement the solution on a large scale? | 20% |
How easy is it to replicate the solution in Hong Kong? | 10% |
How much transparency is there about the methodology and data sources used in the solution? | 15% |
Others | What is the unique value proposition of the solution? | 5% |
*The evaluation criteria are theme-specific, depending on how well the solutions can solve the problem statement(s).
Judging panel
We are honoured to have a judging panel comprising representatives from both the public and private sectors.
Submission of application
Application must be submitted through this platform.
New users | Existing users |
Please “Register ” and choose “I have an emerging tech solution” in the subsequent webpage to complete the whole registration process before submitting the application. |
Please “Log In ” and click “Enter HKMA Green Fintech Competition” in the upper tool bar for accessing the competition webpage and scroll down to the “Submission of application” section and click “New Entry” to complete your submission. |
Supporting organisations
Cyberport: Cyberport is Hong Kong’s digital technology flagship and incubator for entrepreneurship with over 1,900 members including over 800 onsite and close to 1,100 offsite start-ups and technology companies.
InvestHK: InvestHK is the Hong Kong Special Administrative Region Government Department responsible for foreign direct investment.
Enquiries
If you have any enquiries on the competition, please contact
[email protected]
You need to be logged in to enter this challenge, please either Register* or Log In** if you already have an account, then navigate back to this link
* For new users who wants to register an account and participate in this competition, please click “Register” and choose “I have an emerging tech solution” in the subsequent webpage and complete the whole registration process.
**For existing account user who wants to join this competition, please click “Log In” and complete your application submission.