The EIT Jumpstarter has named the seven highest-promising start-ups in the field of health, food, raw materials, energy, urban mobility, manufacturing and New European Bauhaus.

Rising start-ups triumph at the EIT Jumpstarter Grand Final

Meet the finalists and witness the event that can be the first step for future members of the Forbes Global 2000 list

2021’s most promising young teams will pitch their ideas in seven categories during our online event. These are the top 6 start-ups in each category and they will compete for the first prize of EUR 10.000. But this is not purely about money: the innovators reveal their ideas to the whole EIT Community and the investor guest.

EIT Jumpstarter Grand Final

Share
Guest speakers shared their thoughts on the opportunities and challenges of expanding into Hong Kong and the Greater Bay Area. From November 11 to 15, Alibaba Hong Kong Entrepreneurs Fund and 36Kr Global jointly hosted a series of webinars as part of JUMPSTARTER 2022. Twenty successful entrepreneurs and industry experts of various fields shared their insights on solving common business challenges, as well as their motivations for setting up businesses in Hong Kong and the Greater Bay Area. The event’s guest speakers also delved into other topics, including analysis of the business climate and development opportunities of emerging industries in the Greater Bay Area. These talks were aimed at providing valuable knowledge to companies currently considering global expansion, especially those planning to operate in the Greater Bay Area. All sessions are now available on the official JUMPSTARTER website. If you missed these webinars, you can check them out here . Read on for recaps of each discussion. November 1, Shenzhen Edition: Leveraging Hong Kong’s world-class financial system to expand internationally
Hong Kong is a favored market for startups that are exploring overseas expansion. Its financial, industrial, cultural, and commercial networks are outstanding, and the city holds the attention of international investors. Hong Kong’s investment landscape encapsulates a mix of Asian and international investors. Some form collaborations that may have otherwise been impossible. Few cities offer the same level of diversity. Compared to other mature economies around the world, Hong Kong maintains a low tax rate. Plus, the city has signed agreements with other jurisdictions around the world to eliminate double taxation and develop exemptions from overseas income tax, making conditions favorable to entrepreneurs and startups that are exploring the possibility of establishing a presence in overseas markets. Hong Kong has an international logistics and offshore settlement center, and is well-connected with global commerce networks. Additionally, the Greater Bay Area presents many opportunities in terms of capital, talent, and market conditions. All of these qualities, which are unique to Hong Kong and the Greater Bay Area, can support startups in their quest to form a global presence. November 3, Shanghai Edition: The benefits and trials of scaling your business overseas
Business expansion is of prime importance for entrepreneurs. When a startup has a competitive advantage, it should expand to a new market or create new products to maximize the total value of its life cycle. So, how do startups enter new environments and develop operations in unfamiliar markets? Some startups link up with local partners to commercialize their solutions and facilitate direct entry into the market. This is a way to validate a firm’s key technology and product application in the new market. Additionally, collaborations across borders reflect a globalized mindset. The internet gives businesses access to a global customer base, creating renewed fervor for international expansions. With that said, startups do face many challenges when developing operations overseas. Oftentimes, establishing a presence in a new market requires standardizing and refining products, which involves hiring a local team. Adapting to the local systems and standards is also a key consideration. Startups need to be mindful of the different regulations and certifications in other countries and regions. Balancing the rate of expansion against cash flow is another challenge that startups encounter. Entering a new market is costly and bears the risk of cash burns. Yet, on the flipside, holding back means a business may lag behind competition. Startups must have the confidence to make quick, substantiated decisions to take advantage of opportunities when they arise. November 5, Guangzhou Edition: Key opportunities in Hong Kong
The business world changes daily, with trends and opportunities showing up in emerging industries. What are some of these sectors in Hong Kong that entrepreneurs should focus on? Hong Kong is undoubtedly a noteworthy market for fintech. The city has strong financial infrastructure, with major financial institutions and pioneers embracing and developing innovative financial solutions. Hong Kong itself offers a large customer pool for fintech companies and is a location with many business opportunities. Climate change is a common challenge for humankind. As extreme weather becomes more frequent, human survival and development is being threatened. In response, sustainable technologies and business practices are evolving, driving change in consumers’ lifestyles. Efforts such as reducing carbon emissions and transparency around product traceability are increasingly common in Hong Kong. Startups need to pay more attention to the  environmental, social, and governance demands in the city to foster sustainable development. Also, new applications for 5G in art and interactive entertainment have been developed in recent years. Art and technology complement each other. Visual art, music, installation art, are being reinvented as new mediums by introducing augmented reality, virtual reality, artificial intelligence, blockchain, and other technologies. The Hong Kong Arts Development Council has set up a series of funding initiatives for digital art projects to encourage development at the intersection of art and technology. The healthcare industry has a profound impact on society, and healthtech startups continue to introduce new solutions into this traditional space. In the wake of the pandemic, Hong Kong citizens are actively embracing new technologies and applications such as remote consultations and virtual nursing. In addition, many have also become more receptive to clinical trials. This means more patients are willing to try innovative therapies, shortening the time to commercialization for biotechnology developers. These new conditions are advancing the state of health care. This webinar series was a highlight of JUMPSTARTER 2022. The Alibaba Hong Kong Entrepreneurs Fund launched the JUMPSTARTER 2022 Global Pitch Competition, sponsored by HSBC. Startups that have been operating for no more than five years, in between their seed stage and Series C, and are interested in expanding into Hong Kong and the Greater Bay Area are welcome to participate. Applications will close on November 28, 2021. A panel of judges will evaluate the submissions and create a shortlist for the top 100 startups, which will then compete to be featured among ten finalists in December. At the beginning of 2022, the finalists will compete for an investment of up to USD 4 million (subject to compliance and completion of due diligence processes) and other awards. JUMPSTARTER 2022 is open for registration. Interested parties can check out the official JUMPSTARTER page for more information. About the Alibaba Hong Kong Entrepreneurs Fund
Alibaba Hong Kong Entrepreneurs Fund is a not-for-profit initiative launched by Alibaba Group in 2015. To vitalize the development of innovation and technology, AEF’s mission is to help Hong Kong entrepreneurs and young people realize their dreams and visions for a Hong Kong that is vibrant and engaged regionally and globally. As part of its investment program, AEF provides Hong Kong-based entrepreneurs with investment capital and strategic guidance to help them grow their businesses and penetrate the mainland Chinese and global markets by utilizing Alibaba’s ecosystem. For more information, please visit ent-fund.org . About JUMPSTARTER
JUMPSTARTER is a nonprofit initiative created by Alibaba Hong Kong Entrepreneurs Fund that provides a platform for all entrepreneurs and young people to jump-start their dreams in Hong Kong. It is a first-of-its-kind startup event focused exclusively on showcasing quality startups and providing high-impact networking opportunities. Its goal is to build, empower, and boost Hong Kong’s startup ecosystem and entrepreneurship by bringing entrepreneurs, corporations, investors, and the public together, helping to transform Hong Kong into a leading hub for global innovation and technology. For more information, please visit jumpstarter.hk . This was published in partnership with the Alibaba Entrepreneurs Fund. Share

JUMPSTARTER 2022 webinar series recap: Think beyond borders, unlock new opportunities

Share
JUMPSTARTER 2022 brings together entrepreneurs, investors, and experts to share insights and advice for startups looking to expand into Hong Kong and the Greater Bay Area. JUMPSTARTER 2022 is now open for applications until November 28, 2021. The top 100 start-ups will be selected to enter the pitching stage in December. From there, ten startups will participate in the finals in early 2022, competing for investments from a pool of up to USD 4 million and other awards. Meanwhile, these 100 start-ups twill also take part in the Alibaba Netpreneur Training Program. The capacity has increased from last year’s 20 to provide network development and resource support for more startups. Click here to learn more. To accompany the main event, the Alibaba Hong Kong Entrepreneurs Fund has partnered with 36Kr Global to organize a short series of webinars. This is set to be one of the highlights of JUMPSTARTER 2022. The guest speakers are successful entrepreneurs and industry experts of various fields. They will be sharing their experience on how to solve common business challenges as well as their motivations for setting up businesses in Hong Kong and the Greater Bay Area. Other topics include analysis of the business climate and development opportunities of emerging industries in the Greater Bay Area. These talks will provide valuable experience and insights for companies currently considering global expansion, especially for those planning to operate in the Greater Bay area. The webinars will be livestreamed by 36Kr. Click here or scan the QR code to tune in. The webinar topics, speaker lineup and schedule can be viewed below. Themes and speakers
Troubleshooting the challenges faced by startups when expanding into international markets
For many startups, the development of new markets is one of the crucial ways to grow. Yet this journey has many challenges—identifying the right opportunities, localizing successfully, recruiting talent, supply chain management, seeking new funding, and more. These obstacles are insurmountable if one tries to tackle them alone. In this session, experienced entrepreneurs and ecosystem builders will share how they weathered these storms and indicate the support mechanisms that are available in the Greater Bay Area. Selecting Hong Kong as a stepping stone to global markets
Hong Kong is well known as one of the world’s financial centers, attracting international financial institutions and capital. How does this position benefit companies that are expanding into Hong Kong? How will the developed financial systems, simple tax system, and inclusive and open ecology help enterprises take the first step to globalization? Senior investors and top representatives of financial service institutions will discuss their unique experiences and observations on this topic. Hong Kong’s future opportunities
Startups that expand into Hong Kong not only leverage the city’s existing advantages, but also take part in building the city’s future. In Hong Kong, a flourishing financial system has already created unique conditions for the development of fintech. Healthcare and carbon neutralization look to become mainstay industries, and the application of technology in art has also attracted considerable attention. Representatives from Hong Kong’s government agencies and various industries will share the opportunities that they are paying attention to in the city. Webinar schedule
The webinar series will be conducted in four editions, placing the speakers in dialogue with each other to present fresh insights and observations about the startup scene in Hong Kong. Each edition is designed to cater to entrepreneurs from a specific region or location, and will cover all three themes. Different speakers will be featured in every edition based on their expertise and experience. Shenzhen edition | Hear from VCs & Financial Leaders: How Do You leverage Hong Kong for Your Global Expansion? November 1, 2:00 p.m. (GMT +8)
Guangzhou edition | Hear from Industry Experts: What Key Opportunities Should You Look At? November 2, 2:00 p.m. (GMT +8)
Shanghai edition | Startup Experience: What Are the Benefits and Trials of Scaling Your Business? November 3, 2:00 p.m. (GMT +8)
Southeast Asia edition | Think Beyond Borders, Unlock Your New Growth Opportunities
November 3, 7:00 p.m. (GMT +8)
 
Join us for the JUMPSTARTER 2022 webinars from November 1 to 3, 2021! Click here or scan the QR code to tune in. About Alibaba Hong Kong Entrepreneurs Fund
Alibaba Hong Kong Entrepreneurs Fund is a not-for-profit initiative launched by Alibaba Group in 2015. To vitalize the development of innovation and technology, AEF’s mission is to help Hong Kong entrepreneurs and young people realize their dreams and visions for a Hong Kong that is vibrant and engaged regionally and globally. As part of its investment program, AEF provides Hong Kong-based entrepreneurs with investment capital and strategic guidance to help them grow their businesses and penetrate the mainland Chinese and global markets by utilizing Alibaba’s ecosystem. For more information, please visit ent-fund.org . About JUMPSTARTER
JUMPSTARTER is a nonprofit initiative created by Alibaba Hong Kong Entrepreneurs Fund that provides a platform for all entrepreneurs and young people to jump-start their dreams in Hong Kong. It is a first-of-its-kind startup event focused exclusively on showcasing quality startups and providing high-impact networking opportunities. Its goal is to build, empower, and boost Hong Kong’s startup ecosystem and entrepreneurship by bringing entrepreneurs, corporations, investors, and the public together, helping to transform Hong Kong into a leading hub for global innovation and technology. For more information, please visit jumpstarter.hk . This was published in partnership with Alibaba Entrepreneurs Fund. Share

Alibaba Entrepreneurs Fund / HSBC JUMPSTARTER 2022 webinars to be held November 1 to 3

Intellasia East Asia News
18-Oct-2021 Intellasia |  BangkokPost |  5:02 AM
Alibaba Hong Kong Entrepreneurs Fund (AEF) and banking giant HSBC have invited startups to participate in an annual competition with prizes worth up to $4million. The contest, Alibaba Entrepreneurs Fund/HSBC Jumpstarter 2022 Global Pitch Competition (Jumpstarter 2022), encourages startups worldwide to submit their ideas on how to transform sectors such as fintech, deep tech, healthcare, art tech and sustainability in Hong Kong and other cities in China’s Greater Bay Area (GBA). Cindy Chow, executive director of AEF, said the organisation aims to foster an environment that can connect entrepreneurs, helping them to learn more about the latest market trends. “Noticing the rapid development of the startup ecosystem and market, Jumpstarter 2022 focuses on five sectors. AEF believes Jumpstarter 2022 can encourage and support startups to develop, injecting new impetus into Hong Kong and other cities in the GBA,” she said. The judging panel will pick the top 100 entrants to enter the pitching phase in December. The top 10 participate in the finals early next year, competing for a total of up to $4 million in investment and other awards. Hong Kong Cyberport Management Co and Hong Kong Science and Technology Parks Corporation, co-organisers of the event, will participate in a joint investment to provide further support to fuel the growth of startups. There are also opportunities to participate in exchange programmes or market research activities managed by AEF in Hong Kong or the GBA. The aim is to provide these top entrants with a better understanding of the market environment in the GBA, identify opportunities for future growth and expand their business network. The top 100 entrants of Jumpstarter 2022 also take part in the Alibaba Netpreneur Training programme. The quota increased from 20 last year to provide network and resource support, apart from capital, for the startups. Christina Ong, HSBC’s head of business and commercial banking in Hong Kong, said the competition offers a platform for entrepreneurs to capture market opportunities in the up-and-coming regional economic powerhouse. “The Greater Bay Area offers the combined strengths of an international capital market for fundraising, research capabilities, manufacturing facilities and an enormous consumer market for startups to grow and thrive,” Ms Ong said. Another highlight this year includes four online sessions in early November targeting startups from cities in mainland China, the GBA and Southeast Asia. Jumpstarter 2022 is open to startups operating less than five years that intend to expand into Hong Kong or other cities in the GBA. The competition is accepting applications until November 28, 2021 at www.jumpstarter.hk/tc.

Alibaba, HSBC offer startup contest

Virtutech

Seed VC

Jumpstarter offers a new way for developers to work code with flow. Users can spin up servers and install frameworks in a fraction of a second. Instantly fork projects and play around with entire projects in the same way with source code on GitHub, and deploy between development and live hosting.

Predict your next investment

Jumpstarter

See what CB Insights has to offer

Stage

Total Raised

Last Raised

About Jumpstarter

Jumpstarter Headquarter Location

Latest Jumpstarter News

Predict your next investment

Jumpstarter Web Traffic

Jumpstarter Rank

CB Insights uses Cookies