Insight

HKUST-Sino Million-Dollar Entrepreneurship Competition Finals Set for October 12

From generative AI to green energy, 15 finalist teams will take the stage after a record 390 teams entered this year's competition.

Updated

October 2, 2026 9:13 AM

Entrance Piazza, Hong Kong University of Science and Technology. PHOTO: HKUST

The HKUST-Sino Million Dollar Entrepreneurship Competition 2026 will hold its finals on October 12, following a record 390 teams from 24 countries and regions taking part in this year's competition.

Jointly organised by the Hong Kong University of Science and Technology (HKUST) and Sino Group, the competition aims to give young entrepreneurs a platform to develop and present their ideas. Sino Group Deputy Chief Executive Officer Wong Wing-lung said the Group has partnered with HKUST for many years to support young talent and the development of innovation and technology in Hong Kong.

He said the competition gives young entrepreneurs a platform to showcase their creativity, exchange ideas and put their concepts into practice.

The international participation is reflected in the universities and regions represented this year. Participants include students from the University of Oxford in the UK, the University of Pennsylvania in the US and the National University of Singapore. Teams have also joined from Australia and South Africa.

After multiple rounds of assessment, 15 teams have advanced to the finals. Their projects cover health technology, generative AI, smart buildings, and green energy management. At the finals, the teams will present their solutions to a judging panel comprising venture capital investors, industry leaders and academic experts. They will compete for more than HK$1 million in prizes and awards.

The 2026 competition has also expanded the areas it recognises. Three new awards have been introduced this year: the Transformative AI Award, the NextGen Biotech Award and the Societal Influential Award. The competition will also continue to offer the Sustainability Impact Award. Together, the awards focus on areas ranging from emerging technologies to social and sustainability challenges.

The organisers are also adding new activities to help teams develop their ideas further. This year's programme includes pitching skills training, AI workshops, investor matching sessions and mentorship opportunities. The AI workshops will cover areas including generative AI and AI agents, while representatives from venture capital firms such as Gobi Partners and InnoAngel Fund have been invited to share insights on fundraising, product positioning and market expansion.

These activities are intended to help young entrepreneurs strengthen their business plans and presentation skills. They also give teams opportunities to explore technology commercialisation and potential market applications.

The competition will also launch the InnoBay 1M PLUS Program during the Grand Final. The programme will focus initially on Smart City Development and aims to connect HKUST start-ups and competition alumni with industry partners. It will also support potential proof-of-concept opportunities and help promising innovations move towards commercial adoption.

The Grand Final will also include an audience voting segment. Members of the public will be able to vote for the team they believe has the greatest potential and impact, with those who correctly vote for an eventual winning team entering a lucky draw.

For Wong, the competition is part of a broader effort to develop Hong Kong's innovation and technology talent. He noted that Hong Kong's first Five-Year Plan and latest Policy Address both highlight innovation, technology and talent development.

Prof. Tim Cheng Kwang-Ting, HKUST's Vice-President for Research and Development, said the competition has also served as a platform for aspiring entrepreneurs to connect with investors, understand market needs, test their ideas and gain practical entrepreneurial experience. He added that the competition has strengthened its training, mentorship and networking activities this year.

The Group believes that closer cooperation between industry, academia and research institutions can help turn innovative ideas into practical applications. Through the competition and its wider support programmes, young entrepreneurs are given opportunities to develop their ideas, connect with potential partners and explore how they can be taken from early concepts towards real-world applications.

Keep Reading

Startups

How XVision AI Is Building Smarter, Safer Roads

The Australian startup uses edge AI to detect near misses, analyse traffic risks and help road infrastructure respond in real time.

Updated

September 3, 2026 4:08 PM

XVision’s roadside device uses computer vision to help intersections respond to traffic in real time. IMAGE: XVISION AI

According to Australian government figures, 1,326 people died on Australian roads in the 12 months to July 2026, up 0.9% from the previous 12-month period. The latest available national data also shows that road crashes led to around 36,000 hospitalised injuries. Yet many near misses are never reported.

Consider a driver turning across a pedestrian crossing without noticing someone still on the road. They miss each other by a few seconds. No one is injured, and the incident is soon forgotten. For transport authorities, however, that near miss could be an early warning of a dangerous intersection.  

Australian intelligent transport startup XVision AI wants to help road authorities capture these warning signs and respond earlier. “We’re trying to create the intelligence layer for roads and infrastructure,” founder Simon Maselli says. His goal is to build smart road infrastructure that can see what is happening, understand the risks and take action when necessary.

Founded in 2023, XVision AI develops AI-powered traffic management systems for governments, transport agencies and infrastructure operators. Its technology monitors how vehicles, cyclists and pedestrians move through intersections, roads and work zones. It can count and classify road users, measure traffic speeds and queues and identify potentially dangerous interactions in real time.

Maselli came to road technology through engineering, industrial systems and testing. He previously worked on complex projects for companies including BHP Group, a major Australian multinational mining and metals corporation. He also spent time at Keppel FELS in Singapore, where he was involved in certification, approvals and scientific testing for ships.

The idea for XVision came after Maselli started his own testing company about ten years ago. One customer relied on an infrastructure system assembled from components made by several vendors. When the original provider failed to service it properly, the customer asked Maselli’s company to reproduce it.

His team succeeded, but the replacement inherited the same fundamental problem: it was large, complicated and made up of too many separate components. Maselli saw a similar pattern in road infrastructure, where one product might handle detection, another communication and additional equipment that allows for the connections between them.  

“I thought there had to be a smarter way to put all those parts into one small device,” Maselli recalls. The solution also had to be easy to install without extensive roadworks, expensive components or several suppliers. That thinking eventually led to EagleEye, XVision AI’s flagship road intelligence system.  

EagleEye uses two camera lenses to create a three-dimensional view of the road. Unlike an ordinary camera that only records footage, the device uses edge AI to process what it sees locally. It detects road users, follows their trajectories and analyses how they interact.

Maselli describes its functions in three stages: perception, thinking and communication. The system first identifies vehicles, pedestrians and cyclists. It then examines their speed, direction and behaviour. Finally, it can communicate with roadside infrastructure such as traffic controllers and digital signs, as well as vehicles equipped with vehicle-to-everything technology, commonly known as V2X.

For example, if a vehicle approaches a conflict area — the part of an intersection where different paths cross — at a dangerous speed, EagleEye could keep other approaches on red until it passes. If pedestrians have not finished crossing, the system could hold conflicting traffic for longer. Connected vehicles could also receive warnings about hazards or people their drivers cannot yet see.  

These applications reflect Maselli’s vision for more proactive road safety. Authorities often rely on crash reports to identify dangerous locations, meaning someone may need to be injured before a problem receives attention. Short traffic surveys offer useful information, but they can miss changing road conditions and near misses that occur outside the survey period.

XVision AI aims to give traffic engineers a continuous view of movement, congestion and risk. Near-miss data could help them identify recurring conflicts, adjust signal timing or investigate an intersection before a serious collision occurs. Maselli puts the motivation simply: “One death on the road is too many.”

The company is also addressing the fragmented nature of traffic infrastructure. A single intersection may use road loops, radar, cameras, thermal sensors and analytics software from different suppliers. Bringing these systems takes time and can make upgrades expensive. Maselli estimates that a typical road upgrade in Australia can cost around AUD1.4 million and take 18 months.

EagleEye combines several of these functions inside one unit mounted on an existing pole and connects to the traffic controller. Maselli says installation only take a couple of hours, reducing the need for disruptive civil works. Although EagleEye may cost more than an individual conventional sensor, XVision argues that it can lower the overall cost by replacing several separate systems.

The software behind the hardware may be the company’s strongest commercial advantage. Customers begin with basic traffic analytics and data collection, then activate more applications on the same device. XVision has developed around ten modules, including adaptive signal control and traffic enforcement functions.

Its strongest commercial advantage is, however, the software behind the hardware. Customers begin with basic analytics and data-collection functions, then activate additional applications on the same device. XVision has developed around ten modules, including functions for adaptive signal control and traffic enforcement.

“The important thing to remember is that the hardware is only part of the business,” Maselli says. “Our core business is selling software modules.”

He calls the model “software-defined infrastructure”. Conventional road equipment is usually installed for a fixed purpose and may remain unchanged for years. XVision’s devices can receive new functions through software updates, allowing road authorities to expand their systems without repeatedly replacing roadside hardware.

The wider XVision AI platform includes two other devices. “Scout” is a smaller, solar-compatible sensor designed for quick deployment along roads and corridors. It cannot directly control traffic equipment like EagleEye, but it can collect traffic data and support wireless V2X communication. “Outpost”, on the other hand, places similar technology on a portable trailer, making it suitable for roadworks, temporary traffic studies and work zones. XVision Command brings information from these sites into one platform for monitoring, analysis and reporting.

By June 2026, Maselli said XVision had secured around 190 paid deployments across five Australian states and territories, along with six international pilots. The company has also tested its technology in Vietnam and Thailand.

Nevertheless, expanding into more markets will require more than accurate AI. Traffic enforcement and control systems must meet technical standards that differ between countries and sometimes between states. Some XVision modules, including speed enforcement, red-light enforcement and seatbelt detection, still require regulatory approval before customers can activate them.  

Certification is costly and time-consuming, but it could strengthen XVision’s position once the necessary approvals are in place. Maselli describes the enforcement applications as the company’s “highest-value modules”. He estimates that certification could add AUD25 million in lifetime value across its existing deployments without installing new devices, though this remains the company’s own projection.

“Once we’re certified, we’re no longer competing in that highly competitive segment,” Maselli says. “We move into blue-ocean territory.” In practical terms, approval would allow XVision to compete in a more specialised market with fewer certified rivals.

As with any surveillance technology, privacy presents another challenge. Roadside cameras can make members of the public uncomfortable, even when they are being used for traffic analysis rather than surveillance. To address this, XVision works with customers to display signs explaining why the equipment is present. Its system also blurs video and displays it at low resolution by default, while access to identifiable, high-resolution footage requires additional authorisation.

Maselli views Australia as a proving ground for a much larger market. He sees opportunities in India, Vietnam and Thailand, where governments are investing in traffic technology. The U.S. is another target because of its larger infrastructure budgets and growing demand for connected road systems.

XVision AI still has to navigate government procurement, regulatory approval and competition from established traffic-equipment suppliers. Supporting physical devices across several countries will also be harder than expanding a cloud-based software platform.

Its advantage lies in how the technology was developed. XVision grew from years of solving practical infrastructure problems, including the fragmented system that first convinced Maselli there had to be a simpler approach. If the company succeeds, near misses that once disappeared without a trace could become the evidence road authorities need to prevent the next crash.