FintechHK Global Competition: Alibaba launches global Fintech investment fund

August 14, 2019 | Accelerator

Written by FinTech Alliance

FintechHK Global Competition: Alibaba launches global Fintech investment fund

Alibaba Entrepreneurs Fund has partnered with InvestHK to launch the FintechHK Global Competition.

InvestHK is a government-led organisation which aims to strengthen Hong Kong’s status as the leading international business location in Asia.

Alibaba Entrepreneurs Fund is a not-for-profit initiative by Chinese tech behemoth Alibaba Group, which aims to provide entrepreneurs and young people with investment capital, strategic guidance and internship opportunities.

The investment programme aims to provide entrepreneurs from Hong Kong with the capital and advice necessary to grow and scale internationally, with Alibaba’s vast global network a key benefit.

The FintechHK competition offers entrepreneurs and startups the chance to “pitch your business idea to investors, corporate leaders, business partners and engage new connections”. To qualify, a startup must be less than five years old and have not raised more than $20mn (£16.6mn) in funding, at a maximum of Series C stage. Hong Kong must be part of the company’s plan for future growth.

Semi finals will take place worldwide across Toronto, San Francisco, London, Hong Kong and more. Winners stand to gain up to $500,000 (£414,000) in investment from the Alibaba Entrepreneurs Fund among others, as well as $20,000 (£16,574) in cash.

The competition has been launched under the Jumpstarter Global Pitch Competition, with entrants automatically put in the running for both prizes. Jumpstarter is a non-profit initiative launched by the Alibaba Group, with HSBC announced as the title sponsor for the 2020 iteration.

Read more here.

 

 

 

More in Accelerator

Nucoro partners with Bahrain FinTech Bay
Accelerator
May 20, 2020

Nucoro partners with Bahrain FinTech Bay

FinTech Alliance company Nucoro has partnered with Bahrain FinTech Bay. In Brief: Bahra...

Theta accepted into NatWest accelerator
Accelerator
March 11, 2020

Theta accepted into NatWest accelerator

FinTech Alliance company Theta has been accepted into the NatWest Entrepreneur FinTech Accelerator.....

DirectID Selected To Join Prestigious FinTech Programme

Posted By The Community

Accelerator
March 02, 2020

DirectID Selected To Join Prestigious FinTech Programme

DirectID has been received into the prestigious Plug and Play accelerator programme, designed to hel...

Written By: DirectID

Accelerator
June 04, 2019

The Launch of Accelerate and Mastercard's Fintech Journey

Mastercard speaks at Money20/20 Europe about the changing fintech landscape, the launch of Accelerat...

There are no Events in this category