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New business models emerge in the COVID-19 era.

Virtual worlds are no longer found in fictions or sci-fi movies. Whether they are in form of metaverse, immersive virtual reality, augmented reality or NFT art, the virtual and physical worlds are now merging to become one.

The effects on the pandemic are spurring a search by enterprises for ways to connect social or environmental impact with larger audiences and virtual economies. Chinachem Group, like many other forward-looking companies, is keen to explore ways to integrate virtual world concepts in its businesses and projects.

Nina Park, one of Chinachem Group’s project focusing on sustainability, is currently undergoing revitalisation and will be re-open to public in fall 2023. Located in Tsuen Wan, Nina Park is a new member of the Nina hub, comprised of Nina Hotel Tsuen Wan West and Nina Mall. The park contains one of the largest collections of wood fossils in Asia. Local and international visitors are invited to go on a voyage of time, learn about wood fossils formation while understanding the fragility of the environment and the importance of its protection.

The Challenge

Chinachem Group seeks to envision the future of our built environment, as well as reactivate existing ones through physical and digital integrations. Now, think about –

“How to use cutting-edge technologies such as web 3.0 (e.g. metaverse, blockchain) to promote an open space, such as the upcoming Nina Park, in the digital world?

With use of such information technologies, how to bring people from the virtual expanse to physical world so as to foster a community connecting like-minded people?”

We invite brilliant students like YOU to share your inspirational ideas to –

  • revolutionize physical and virtual environments to build the society and cities of the future
  • forge social connection between people regardless of whatever physical barriers there may be
  • come up with a financially viable and self-sustainable business case

Take up the challenge and submit your proposal today!

Inspirations

Chinachem Inspiration

 

Here are some questions to help kick-start your thinking process:
  1. Who are the users of Nina Park?
  2. How does Nina Park benefit the community?
  3. What are the cutting-edge technologies?
  4. With cutting-edge technologies, how to promote Nina Park to people around the world?
  5. How to raise people’s awareness in environmental protection?
  6. How does the solution align with Chinachem Group’s Triple Bottom Line “People, Prosperity and Planet”?
  7. Nina Park is a new member of the Nina hub, comprised of Nina Hotel Tsuen Wan West and Nina Mall. How does Nina Park synergise with the other two?

Expectations

You are tasked to use Nina Park as a case study. Apply cutting-edge technology and make it a viable business case.

The proposal should consist of around 10 pages PowerPoint presentation in PDF format, covering:

  • Executive summary
  • Innovative ideas and proposed solutions to tackle the challenge
  • Social impacts and Benefits
  • Business model demonstrating the financially viable and self-sustainable solution
  • Team profile
  • Any relevant information

Evaluation Criteria

  1. Creativeness and Innovativeness – How original and “wow” is the idea?
  2. Feasibility – How to bring the solution to life? Is the solution financially viable and self-sustainable?
  3. Impact – How does the solution create social impacts?
  4. Presentation (only applied to shortlisted submissions) – How do you convince the panel judges that the idea is creative, innovative, feasible and impactful?
Chinachem
Chinachem

Prizes

Champion


HKD30,000 for the team
+
Potential publication of award-winning submission on Chinachem Group website and e-Magazine
+
Potential meetup with Nina Park team to discuss the solution implementation
+
Interview invitation for potential internship
+
HKGCC Student Associate Membership (1 year)


 

1st Runner-up



HKD20,000 for the team
+
Interview invitation for potential internship
+
HKGCC Student Associate Membership (1 year)


 

2nd Runner-up



HKD 10,000 for the team
+
Interview invitation for potential internship
+
HKGCC Student Associate Membership (1 year)
 

 

About Chinachem Group

Since 1960, Chinachem Group has been a leading property developer in Hong Kong, with a portfolio covering residential, commercial, retail and industrial buildings for sale and investment, in addition to operating hotels and property management services. The Group actively seeks to make a positive contribution to society through its adherence to the “Triple Bottom Line”, a commitment that its activities will benefit People, bring Prosperity to the community and preserve the Planet. Please visit chinachemgroup.com.

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