Chance to Get US $1Million Investment at the 2021 JUMPSTARTER Event in Hong Kong

Date limite : 19 oct. 2020

Organisation à but non lucratif: JUMPSTARTER

Toutes spécialités

Niveau d'études: Formation Professionnelle

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Chance to Get US $1Million Investment at the 2021 JUMPSTARTER Event in Hong Kong

The Alibaba Entrepreneurs Fund announced the 2021 JUMPSTARTER Global Pitch Competition. JUMPSTARTER is a not-for-profit initiative curated by Alibaba Entrepreneurs Fund that provides a platform for all entrepreneurs and young people to jump start their dreams in Hong Kong. It is also a first-of-its-kind startup event focused exclusively on showcasing quality startups and providing high-impact networking opportunities. Their goal is to build, empower and boost Hong Kong’s startup ecosystem and entrepreneurship by bringing entrepreneurs, corporates, investors, and the public together, helping to transform Hong Kong into a leading hub for global innovation and technology.

Benefits:

  • Pitch to win up to US$1 million in investment; 
  • Gain international exposure; 
  • Network with top corporates and investors; 
  • Connect with Alibaba Digital Economy; 
  • Mentorship; 
  • Sponsored travel to Kong Kong for final pitch; 
  • Free exhibition opportunities.

Eligibility:

JUMPSTARTER 2021 is open to startups from all around the world that full the following requirements:

  • Operating for less than 5 years; 
  • Raised less than US$20 million in funding to date; 
  • Currently between the Seed and Series C stages of funding; 
  • Desire to make Hong Kong part of their future plans; 
  • Possess an innovative product or service.

Selection Criteria:

  • Innovation and Industry Disruption (20%)
  1. Evidence of innovative advances in product, service, application, adoption, etc.
  2. Potential to disrupt the relevant industry.
  3. Value proposition.
  • Market Potential and Business Model & Sustainability (20%) 
  1. The ability of the idea to generate revenue 
  2. Competitiveness, barriers to entry, first-mover advantages, etc.
  3. Unit economics and scalability.
  • Traction and Further Development Plan (20%)
  1. Operation and financial metrics, milestones, and achievements since inception.
  2. Forecast and product roadmap.
  • Team Background and Strength (15%)
  1. Capabilities and expertise to execute the business plan.
  2. Passion, ambition, vision, culture.
  • Hong Kong Nexus (Founder Background + HK / GBA Plan) (15%)
  1. Background of founders 
  2. Plans to utilize Hong Kong to expand the business.
  3. Evidence of existing or future operation plans in Hong Kong/GBA.
  • Social Impact (10%)
  1. Contribution to the general wellbeing of the wider society.
  • BONUS POINT: 10% (Max.) 
  1. Will be added to the total score if the applicant has taken any initiatives to support his local community to combat COVID-19.

About JUMPSTARTER:

JUMPSTARTER is a not-for-profit initiative curated by Alibaba Entrepreneurs Fund that provides a platform for all entrepreneurs and young people to jump start their dreams in Hong Kong. It is also a first-of-its-kind startup event focused exclusively on showcasing quality startups and providing high-impact networking opportunities.

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