The recruitment of the JUMPSTARTER Global Entrepreneurship Competition begins.
The economy is getting cold, the demographic dividend is gradually disappearing, the market environment is changing drastically, and financing is getting harder and harder. This is an indisputable fact. Taking the field of artificial intelligence as an example, according to statistics from Whale’s quasi-dong, as of mid-August, there were 174 publicly disclosed investment and financing events in 2019, less than 30% in 2018.
When hot money is gone, it is good to return capital to rationality, but the road to entrepreneurship seems to be long and long. In addition to the tougher investment and financing environment, entrepreneurs also need to face increasingly critical users, increasingly fragmented information channels, and those who can finally complete this marathon must cross a higher threshold. For institutions, funds are inevitably concentrated in the head, and funds backed by industry can also play a greater advantage at this time.
Recently, the recruitment is about to begin – the Alibaba Entrepreneur Fund/HSBC JUMPSTARTER Global Entrepreneurship Competition is a great opportunity. Alibaba Entrepreneur Fund/HSBC JUMPSTARTER is a non-profit project founded by Alibaba Entrepreneur Fund. It discovers and screens high-quality entrepreneurial teams and companies through competitions, and provides financial and industrial resources support.
Maybe some people are not familiar with Alibaba Entrepreneur Fund, which was founded by Alibaba Group in 2015. It was established to help entrepreneurs in Hong Kong and Taiwan to help their cause and promote local development of. The management scale of the fund in Hong Kong is one billion Hong Kong dollars, and the management scale in Taiwan is NT$10 billion. The profits generated by the investment will be re-invested in the fund to ensure the continued operation of the fund by means of circular investment.
Alibaba Entrepreneur Fund/HSBC JUMPSTARTER Discover and showcase potential start-ups in the form of contests and provide opportunities to build productive networks. In addition, Alibaba Entrepreneur Fund/HSBC JUMPSTARTER is also a good platform for entrepreneurs, business representatives, investors and other practitioners to build and promoteHong Kong’s entrepreneurial ecology has made Hong Kong a leading innovation and technology hub.
Alibaba Entrepreneur Fund/HSBC JUMPSTARTER is one of the largest entrepreneurial events in Hong Kong. The first 2020 competition will be held in 8 cities around the world, and the final of the Global Entrepreneurship Competition will be held in Hong Kong. The top five JUMPSTARTER teams will win up to $5 million in investment and $100,000 in cash prizes, as well as opportunities to meet top investors, including travel sponsorship to go to Hong Kong for the finals.
Of course, mining excellent entrepreneurial projects and helping investment and financing are just one of the goals of the competition. For Alibaba Entrepreneur Fund, in addition to investment and financing, it can help entrepreneurs to expand their business in Ali’s huge e-commerce ecosystem and other platforms such as cloud computing and logistics platforms. In addition, if new products, services, technologies or information technology applications developed by start-ups are synergistic with participants in the Alibaba ecosystem or ecosystem, it is also a hope for the competition.
For entrepreneurs, in addition to receiving financial funds, the competition can also obtain corporate strategy guidance and technical advice. In the course of the competition, there are opportunities to meet more outstanding peers.
Based on this, Alibaba Entrepreneur Fund/HSBC JUMPSTARTER welcomes global start-ups to participate in the competition. If your company meets the following requirements, it will qualify:
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The establishment time is no more than 5 years
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There has been no more than $20 million in fundraising
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The financing round is between the seed round and the C round
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Having innovative and creative products and services
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The future is interested in developing business in Hong Kong
If the company meets the above criteria, don’t hesitate to sign up via www.jumpstarter.hk/sc/ Let’s go.
The financial technology projects that apply to participate in the JUMPSTARTER Global Entrepreneurship Competition will also be registered at the FintechHK Global Competition.
The competition will be held in Beijing and Shanghai. The registration deadline for Beijing Field is October 22nd, the preliminary event day is November 19-20, and the registration deadline for Shanghai Field is October 28th. The day is November 26-27.
JUMPSTARTER Global Entrepreneurship Competition will be held in Shenzhen, Kuala Lumpur, London, San Francisco Bay Area, Toronto, Hong Kong, Beijing, Shanghai A total of 8 cities will be screened in turn, and the final will be held in Hong Kong on February 11-12, 2020.