An entrepreneurship training, conducted by Prof. Dominic Chan from The Chinese University of Hong Kong, was held on 13th December with the sponsorship of FinTecubator to ignite the entrepreneurship spirit within Hang Seng Bank.
Supporting intrapreneurs and sourcing them with external resources are always one of the vital missions of FinTecubator. Thus, FinTecubator, in cooperation with The Asia-Pacific Institute of Business of the Chinese University of Hong Kong, organized a workshop to spark the spirit of innovation as well as equipping the intrapreneurs with the practical skills that help to validate their idea and turn it into business reality.
The one-day training was held from 9:30 am to 5:00 pm on 13th December at Hang Seng Mong Kok office with 25 people attended, consisting of the staffs from Hang Seng internal start-up office, management trainees and the members of the five start-ups.
We were honored to have Prof. Dominic Chan to be the speaker of the entrepreneurship training. Prof. Dominic Chan, who has a profound and rich experience on company founding and consulting, shared his entrepreneurship mindset as well as some business theories through an interactive approach with lectures and group discussions. The programme was tailored for Hang Seng Internal Start-ups which gave all the participants a basic concept of what is lying ahead of their start-up journey, what challenges they are expected to face and how to tackle problems.
What they gained：
Participants first went through a brief introduction of the differences between Entrepreneurship and Intrapreneurship. By understanding the pros of building an internal start-up, they were encouraged to create an enthusiastic working environment that could boost innovation and make full use of the benefits that Hang Seng Internal Start-up Programme offers.
Creativity and Innovation Through group discussions and exercises, participants had a better understanding of what is creativity and how to think creatively.
They were given a task to cut a paper into a circle that could hold 5 people inside. Such practice simply demonstrated how analytical thinking and creativity could lead to optimal results. It reminded them the importance of ‘think out of the box’ and how innovation could drive their start-ups forward.
Developing Business Idea
To further support the intrapreneurs in building their business，they were given a lecture on designing the value proposition and business model canvas, which provided them a clear vision on how to concretize their innovative idea as well as positioning their brand. Through this section, they had a comprehensive understanding of their business model and had, as well, learned how to present their business plan with a business template.
Problem Solving Skills
Due to high possibility that intrapreneurs will encounter various kinds of difficulties and problems alongside their start-up journey, they were given the lecture on how to structure their problems properly by building their own mind map. They were taught to use some practical skills, such as MECE, a consultant way of thinking, to restructure the problem by breaking down it into logical pieces of analysis. By acquiring such practical skill, they learned to solve the problem in a structured and in-depth way, which would smooth their start-up journey.