Alibaba’s Jumpstarter event to showcase 100 global startups in Hong Kong

Sainul Abudheen
Alibaba’s Jumpstarter event to showcase 100 global startups in Hong Kong

Jumpstarter aims to identify promising entrepreneurs and provides them with capital, operational support and networking resources to grow their business

Jumpstarter, a not-for-profit initiative by Alibaba Hong Kong Entrepreneurs Fund, has announced the launch of its second-year startup event in January 2019.

Startups from anywhere in the world are eligible to apply for this year’s iteration, as part of Jumpstarter’s aim in bringing global entrepreneurs, corporates, investors and the public together to help transform Hong Kong into a leading hub of global innovation and technology.

Launched in 2017, Jumpstarter aims to identify promising entrepreneurs and provides them with capital, operational support and networking resources to grow their business. For the first time, the event is open to global participants. Hundred startups from overseas will be selected and offered the chance to come to Hong Kong to meet with renowned Hong Kong-headquartered international corporates and investors for idea exchanges and collaboration opportunities.

“With Hong Kong rapidly becoming a high-ranking city on the global stage for startups to scale and further develop, there is an increasing need for platforms like Jumpstarter to support this fast-growing community, acting as the bridge between entrepreneurs, corporates, investors and the public,” said Cindy Chow, Executive Director of Alibaba Hong Kong Entrepreneurs Fund.

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Jumpstarter 2019 is a two-day conference from January 23 to 24, 2019 highlighted with keynotes and talks, master classes and workshops, one-to-one matching and mentoring, networking, on-stage demo pitching and startup pavilion. Hundred startups will be selected for the ‘Hong Kong’ and ‘global’ tracks respectively, and for each track, 36 shortlisted startups will have a chance to showcase their products and services at the Jumpstarter Launchpad competition in Hong Kong.

Jumpstarter Launchpad is open to any startups from around the world which is between seed capital and Series C capital stage. Applicant firms must have been operating for less than five years old, have raised less than US$30 million in funding and possess a ground-breaking and innovative product or service for which they believe Hong Kong could serve as a key base for further development. A core or substantial part of the applicant’s operations must come from at least one of four growth areas: smart city, retail, advanced technology and financial services.

The application deadline for Jumpstarter Launchpad is November 19.

Representatives from established companies are onsite to share their experience and insights on corporate innovation, as well as to participate in 1:1 meetings, mentoring and networking with startups. The 21 participating companies include 3 Hong Kong, Alibaba Cloud, CK Hutchison Holdings Limited, CLP Holdings Limited, Credit Suisse, DBS Bank, Deloitte, HKEX, Hongkong Land, HSBC, Kerry Logistics, KPMG, Lenovo Capital and Incubator Group, Link REIT, Mizuho, MTR Corporation, NEC Hong Kong, Sino Group, SUNeVision, Swire Properties and YATA.

 

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