JUMPSTARTER Global Pitch Competition 2023 (Up to $5,000,000 investment)
Deadline: 14th of May, 2023
For the JUMPSTARTER World Pitch Competition 2023, applications are now being accepted. JUMPSTARTER is a non-profit project run by Alibaba Entrepreneurs Fund that offers young people and entrepreneurs in Hong Kong a platform to pursue their goals.
Moreover, it is a first-of-its-kind startup event that is only dedicated to exhibiting excellent firms and offering fruitful networking possibilities. By bringing together business owners, corporations, investors, and the general public, they want to strengthen the startup ecosystem and entrepreneurship in Hong Kong and contribute to the city’s development as a major center for global innovation and technology.
Benefits:
- Pitch to top investors & corporates
- Win a share of up to US$5 million investment and HK$1 million cash
- Gain global recognition & media exposure
- Connect with Alibaba ecosystem
- Free exhibition opportunity
- Sponsored travel to HK for the Grand Finale
Eligibility:
- Applicant must be the Founder or Co-founder of the startup.
- Startup is ideation-stage or early-stage or growth-stage. The business has been operational
for less than 5 years. - Startup must have raised less than US$20 million in funding to date.
- Startup must possess an innovative business idea or product or service and demonstrate
how your innovation and technology has impacted your business, your industry and the
people. - Startup must desire to make Hong Kong and/or other cities in the GBA be part of your future
plans.
Judging Criteria:
Innovation and Industry Disruption – 20%
Evidence of innovative advances in product, service, application, adoption etc
Potential to disrupt the relevant industry
Value proposition
Market Potential, Business Model & Scalability – 20%
Ability of the idea to generate revenue
Competitiveness, barriers to entry, first mover advantages etc
Unit economics and scalability
Traction and Further Development Plan – 20%
Operation and financial metrics, milestones and achievements since inception
Forecast and product roadmap
Team Background and Strength – 15%
Capabilities and expertise to execute the business plan
Passion, ambition, vision, culture
Hong Kong or Greater Bay Area Nexus (Founder Background + HK / GBA Plan) – 15%
Background of founders
Plans to utilize Hong Kong or GBA to expand your business
Evidence of existing or future operation plans in Hong Kong or GBA
Impact – 10%
Creating a long-term positive impact on your industry, local/global
communities and the world
Being socially responsible, or sustainable by fulfilling at least one of the UN
Sustainable Development Goals (SDGs)
