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AEF HSBC Jumpstarter 2022 Competition Offers US$4 Million Prize

The AEF HSBC Jumpstarter 2022 competition offers an investment prize of up to US$4 million.

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The AEF HSBC Jumpstarter 2022 competition offers an investment prize of up to US$4 million.

Jakarta, TechnoBusiness ID Alibaba Entrepreneurs Fund (AEF), an annual startup competition in Southeast Asia, including Indonesia, was again held under the name AEF HSBC Jumpstarter 2022 Global Pitch Competition.

Also Read: Standard Chartered Invests US$500 Million in Atome Financial

At the initial stage, the competition, which is open from today until November 28, will select 100 participants to then follow the pitching phase in December.

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A total of 10 selected participants will advance to the final round in March next year to compete for a total investment of US$4 million and other awards.

Also Read: Shoplinks Bags US$900,000 from Cocoon Capital and IWEF

Hong Kong Cyberport Management Company Limited and Hong Kong Science and Technology Parks Corporation as one of the organizers will also disburse the investment.

Last year, in Jumpstarter 2021, startup Indonesia Outpos won an award in the retail category and ranked in the top 10 out of 2,000 participating participants from around the world.

This year, the top 10 finalists of the AEF HSBC Jumpstarter 2022 have the opportunity to participate in exchanges and market research activities in Hong Kong and the Greater Bay Area of ​​China.

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Also Read: Legit Group Bags US$3 Million in Seed Funding from East Ventures

Meanwhile, the best 100 participants are entitled to take part in the Alibaba Netpreneur Training Program, a training program organized by Alibaba.

“We hope that AEF HSBC Jumpstarter 2022 can connect startups and facilitate them in understanding market trends further,” said Cindy Chow, Executive Director of Alibaba Hong Kong Entrepreneurs Fund.

Head of Business Banking and Commercial Banking HSBC Hong Kong Christina Ong also stated that HSBC is committed to always supporting startups and small businesses from various sectors.

Also Read: Priyanka Chadha Becomes SVP and Global Head of HR WadzPay

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AEF HSBC Jumpstarter 2022 offers a platform for startups to seize market opportunities in the dynamic Hong Kong City and unleash their potential over time.

Since its founding, AEF has invested approximately US$80 million into 55 startups, attracting a co-investment fund of approximately US$2 billion to support the startups.

—Anwar Ibrahim, TechnoBusiness ID Photo: AEF HSBC Jumpstarter 2022

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