The Scholarship is set up for holders of the Hong Kong Diploma of Secondary Education (HKDSE), newly-enrolled in all full-time Higher Diploma programmes of the Hong Kong Institute of Vocational Education (IVE).

The scholarship is a progressing scholarship scheme to support VTC financially needy students of Diploma of Foundation Studies who possess positive attitude and value, leadership qualities and commitment to the community to articulate to Higher Diploma programmes. The scholarship ranges from HKD 10,000 to HKD 35,000.

This scholarship enables needy students to participate in study visits and overseas exchange programmes to broaden their exposure and horizons and enhance their holistic development. Each student receives up to HKD 10,000.

The scheme, introduced by the Government of the HKSAR, aims at subsidising financially needy students in undertaking outbound exchange activities, so as to nurture students with international outlook, good communication skills and ability to thrive in a multi-cultural environment. The subsidy schemes are applicable to local students enrolled in full-time higher diploma programmes. Mean-tested subsidy amount various according to the destination and duration of the exchange activity.

This scheme aims to award outstanding students based on their academic achievements, leadership abilities, personal qualities, participation in extracurricular activities and contribution to the community. Every year, nine students from different disciplines receive this award of HKD 10,000 each.

Awards categories include Outstanding Performance Scholarship, Talent Development Scholarship, Reaching Out Award, Best Progress Award and Endeavour Merit Award. In 2020/21, around 1,800 VTC students were awarded the scholarships ranging from HK$10,000 to HK$40,000.

The CYMA Charity Fund Scholarship aims to give recognition and encouragement to financially needy students who have made significant improvements in their studies, to better support their whole person development through extra-curricular activities. Each year, 100 VTC students receive the HKD 5,000 scholarship.

The best Progress Award aims to encourage and recognize students with significant progress and improvement in their studies. In 2020/21, around 30 VTC students were awarded the HK$10,000 scholarship.

Funded by generous donations from industrialists and employers. The scheme awards VTC students who achieved outstanding performance during their industrial attachments. Over 400 students received this scholarship (worth HK$5,000 each) every year.

The Talent Development Scholarship aims to give recognition to students who have demonstrated achievements or talent in non-academic areas and provide support for these students to further develop their talent and potential. Talent areas include sports and games, music and performing arts, culture, arts and design, and innovation, science and technology. In 2020/21, around 350 VTC students are awarded the scholarship, worth HK$10,000 each.