Chance to Get US $4 Million Investment at the 2023 JUMPSTARTER Event in Hong Kong

The Alibaba Entrepreneurs Fund announced the 2022 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.

Competition TimeLine:

• Global Callout: Mid Sep - Nov 28, 2021
• Announcement of Top 100: Dec 1, 2021
• Top 100 Semi Pitch Online Pitch to Judge Panel: Dec 8 - 14,2021
• Due Diligence: Dec 2021 - Jan 2022
• Announcement of Top 10: Jan 12, 2022
• Final Pitch Top 10: Mar 2022

• Pitch to win up to US$4 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.

JUMPSTARTER 2022 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.

Required Documents:

The pitch deck should consist of the following: 

• A PowerPoint presentation of up to 15 slides in PDF format, including but not limited to:

1. Founder Background and Story.
2. Team Profile.
3. Value Proposition and Product/Services Description.
4. Market Size and Target Segment Analysis.
5. Business Model (Pricing, Cost and Unit Economics/ Acquisition, Distribution and Supply Chain/ Entry Barrier and Competitive Analysis/ Scalability, Growth and Risk Factors/ Historical Milestone, Operation & Financial Traction and Future Development Plan)
6. Fundraising History and Plan.
7. Hong Kong Nexus (Team Background and Current Operation, Future Plan)

• Optional: A 2 to 3-min Video Presentation/Corporate Video.

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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