Generocity hosts The Hong Kong Prize competition annually to seek innovative ideas on setting up an Official Development Assistance (ODA) programme in Hong Kong. It seeks to bring together both local and international thinkers who seek to advance Hong Kong as an influential global city.
On Sunday, a highly contentious movie about Hong Kong’s future won top honors at its film awards ceremony despite drawing criticism from Beijing over its depiction of it as an ever-expanding “freakshow.” Ten Years, which comprises short vignettes highlighting residents’ worst fears about China’s growing clout in Hong Kong, won the Golden Horse Award for Best Picture.
This year’s tournament boasts an unprecedented prize pool of US$2 Million with the winner receiving $360,000 and the runner-up being given $260,000 – making this event both Asia’s highest ATP World Tour event and one of the most lucrative worldwide.
If there are no winners in the first prize category, any amounts that would have been paid out as prizes go into a jackpot fund which is added back into 1st division prize money for subsequent draws until there is one or more winners of 1st prize. This process continues until someone takes home 1st prize.
Fred Kavli, an influential US philanthropist of Norwegian heritage who passed away in 2000, created the Kavli Foundation and contributed over US$200 million towards 17 research institutes worldwide – including one that will open later this fall here in Hong Kong. Additionally, each year they award five HK$5 million scholarships to budding scientists.
As well as the main prize, there are also three runner-up prizes. These are: Young Leaders Programme for those under 35; Outstanding Youth of the Year award; and Social Innovation in Asia Award given out for innovations that have made a substantial contribution to society.
Winners must present both an award notification letter and Hong Kong identity document for identification verification when collecting their prize; those failing to do so will be disqualified, with no transferability allowed for this prize.
Hong Kong is widely considered to be one of the best places in which to live, with citizens among its most affluent. Average household income per person in Hong Kong stands at an impressive HK$57,000 per year and common occupations include sales, administration, finance and technical services – contributing significantly to an impressive GDP per capita figure that surpasses even that of America, Japan and Germany combined.
Hong Kong stands out as an exceptional city not only because of its wealth, but because of its commitment to sustainable development. Hong Kong’s environmental policy emphasizes greening the economy, encouraging renewable energy use and improving public health; furthermore its social services are among the world’s most generous with many NGOs supported both by local residents and governments alike; some even earning international renown.
