The Alibaba Entrepreneurs Fund/HSBC Jumpstarter 2020 competition said this week it’s moving its startup pitching grand finale online in light of recent developments in the coronavirus outbreak.
Originally scheduled as part of a broader startup event at the Hong Kong Convention and Exhibition Centre, Jumpstarter will instead hold its Global Pitch Competition via livestreaming on Feb. 11 and 12.
The competition’s 40 finalists – shortlisted from over 2,000 applicants in the retail, fintech, smart cities and deep technology categories – will log in from all corners of the globe to present their ideas to a judging panel of industry leaders, making Jumpstarter 2020 the world’s largest online pitch contest for startups. The top five teams will be awarded up to $5 million in investment commitments, as well as a total cash prize of $100,000.
Since launching in 2017 with a focus on Hong Kong startups, Jumpstarter has grown into a platform that supports young entrepreneurs around the world. In the lead-up to the grand finale, the non-profit initiative held pitch events in Hong Kong, Shenzhen, Shanghai, Beijing, Kuala Lumpur, London, the San Francisco Bay Area and Toronto, attracting a talent pool from 65 countries and regions.
Also presenting at the Global Pitch Competition will be the final four teams of IdeaPop!, a startup experience program aimed at university students in Hong Kong. The winning team will be announced on Feb. 12 and offered exclusive training and mentorship opportunities from Alibaba.
The two-day event will be broadcast live and will be available free to all users who register online. Members of the public will also have a chance to vote for their favorite startups through the Jumpstarter website.
Offline activities, including keynote speeches, knowledge sharing, masterclasses and live demonstrations, will take place as part of Jumpstarter’s Global Startup Conference scheduled for a later date.