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HKUST-Xinhe Entrepreneurship Challenge 2023: Award-winning Team Boosting Sustainable Development Impact

The results of this year's "UST - Sino Group Million Dollar Entrepreneurship Competition 2023" have been announced. The not only powder team has won the Gold Award and the Sustainable Impact Award with its sustainable food waste recovery and transformation approach. The team plans to collaborate with restaurants, brands, institutions, and hotels to collect ugly fruits and transform them into dried fruits or powders for sale. By transforming ugly food into new products and partnering with international schools, they aim to promote sustainable development to the next generation. Their products are 90% lighter than those in the market, reducing carbon emissions during transportation. They have already sold over 2700 products, reducing over 1,200 kg of CO2 emissions. The not only powder team has received a prize for the Sustainable Impact Award.

In addition, the champion, Allegrow, has utilized its artificial cell cultivation technology for application in immunotherapy, reducing production costs by 48%. This technology can also save up to 33% of production time. Allegrow is currently testing the new technology in collaboration with biotech companies and contracted research institutions, with the aim of launching products in 2024.

The third-place winner, Fleming Medlab, has developed a wearable mechanical lower limb device for stroke rehabilitation patients. The device is equipped with motion sensors and muscle-electricity detection capabilities, which can analyze the user's walking intentions and provide assistance to complete walking actions. In addition to stimulating and training muscles, this device can also help promote the reorganization of the brain's motor cortex, assisting patients in regaining control of limb movements and restoring normal life. Fleming Medlab plans to conduct clinical trials with local medical institutions and sell the device to local rehabilitation centers and clinics.

Professor Zheng Guangting, Vice President (Research and Development) of UST, expressed the hope that the newly added Sustainable Impact Award would inspire participating teams' awareness of green initiatives and create innovative projects that contribute to promoting sustainable development in Hong Kong. Professor Yang Mengzhang, Co-Director of Innovation at Sino Group and Visiting Professor of Comprehensive Systems and Design at UST, praised the participating teams for combining technology and innovative thinking with sustainability elements in his opening remarks.

This year's "UST - Sino Group Million Dollar Entrepreneurship Competition 2023" attracted 234 participating teams, the highest number in its history. The teams showcased their entrepreneurial projects and introduced the significance and practices of sustainable development. The competition provided a platform for young entrepreneurs to showcase their innovation and entrepreneurial capabilities while promoting sustainable development in Hong Kong.

In summary, this year's "UST - Sino Group Million Dollar Entrepreneurship Competition 2023" focused on sustainable development and recognized companies such as not only powder, Allegrow, and Fleming Medlab for their innovative ideas and infusion of sustainability elements in the field of entrepreneurship. These three teams offer innovative solutions in the areas of food waste recovery and transformation, artificial cell cultivation, and stroke rehabilitation technology. Their projects contribute to reducing carbon emissions and healthcare costs while promoting sustainable development and improving societal well-being. The UST - Sino Group Million Dollar Entrepreneurship Competition provides valuable opportunities and resources for young entrepreneurs to make innovative contributions in the field of sustainable development.

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