Alibaba Entrepreneurs Fund/HSBC JUMPSTARTER 2022 Global Pitch Competition Launches


Alibaba Hong Kong Entrepreneurs Fund (“AEF”) today announced that HSBC will be the title sponsor of the startup event JUMPSTARTER, which will be named Alibaba Entrepreneurs Fund/HSBC JUMPSTARTER 2022 Global Pitch Competition (“JUMPSTARTER 2022”). AEF and HSBC will be working closely together to promote the event to startups worldwide, and encourage interaction and experience sharing among entrepreneurs.

JUMPSTARTER 2022 is now open for applications until November 28, 2021. The top 100 entrants will be selected by the judging panel and enter the pitching phase in December. The top 10 will participate in the finals early next year, competing for a total of up to USD4 million investment* and other various awards. Hong Kong Cyberport Management Company Limited (“Cyberport”) and Hong Kong Science and Technology Parks Corporation (“HKSTP”), co-organizers of the event, will take part in a joint investment to provide further support to fuel the growth of startups.

The top 10 finalists of JUMPSTARTER 2022 will have the opportunities to participate in exchange programs and/or market research activities managed by AEF in Hong Kong and other cities in the Greater Bay Area (“GBA”). In addition, JUMPSTARTER 2022 will arrange industry experts to share their experience, helping startups to understand more about the market environment in the GBA and expand their business network, so as to identify opportunities for future growth.

Meanwhile, the top 100 of JUMPSTARTER 2022 will take part in the Alibaba Netpreneur Training Program. The quota is increased from the top 20 last year to the top 100 this year, as a way to provide network and resource support, apart from capital, for the startups.

Cindy Chow, Executive Director of Alibaba Hong Kong Entrepreneurs Fund, said, “Since onset of the pandemic, like other startups, Alibaba Hong Kong Entrepreneurs Fund has never slowed down its pace and continued to respond to market change in a swift and active manner. Noticing the rapid development of the startup ecosystem and market, JUMPSTARTER 2022 caters to the current trend and focuses on five sectors including Fintech, Deep Tech, Healthcare, Art Tech and Sustainability. It hopes to act as a bridge to connect the startups, facilitating them to learn more about the latest trends in the market. AEF believes that JUMPSTARTER 2022 can encourage and support the startups to further develop, injecting new impetus into Hong Kong and other cities in the GBA.”

Christina Ong, Head of Business Banking, Commercial Banking, Hong Kong, HSBC, said: “HSBC is committed to supporting start-ups and small businesses across all sectors along their growth journey. As an up-and-coming 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 start-ups to grow and thrive. JUMPSTARTER 2022 offers an excellent platform for entrepreneurial talents to capture the ample market opportunities in this vibrant city cluster, and unleash their potential over time.”

Peter Yan, Chief Executive Officer, Cyberport, said: “Complementing the National 14th Five-Year Plan, Hong Kong is deepening and expanding its connection with the GBA to allow more room to develop technology and innovation. As the digital technology flagship of Hong Kong, Cyberport has been actively supporting startups to expand their business and tap into the GBA. We encourage more startups to seize the opportunity and compete for the support offered by JUMPSTARTER 2022. With an increasing number of startup projects supported by capital from Mainland China and successful landings in the GBA, we believe we can achieve greater synergy to facilitate the development of the GBA as an international technology and innovation hub.”

Albert Wong, Chief Executive Officer, HKSTP, said: “HKSTP has always been dedicated to building a vibrant and competitive I&T ecosystem in Hong Kong and GBA by helping startups scale and access a host of resources including industry expertise, partner and investor networks, and R&D support. We are delighted to continue our partnership with Alibaba Hong Kong Entrepreneurs Fund to support promising startups and inspire more young talent to begin their entrepreneurial journey through JUMPSTARTER 2022. Together, we will capture new opportunities emerging from GBA to accelerate the development of I&T for a brighter future.”

JUMPSTARTER 2022 is open to startups that have been operating for less than five years and plan to expand into Hong Kong or other cities in the GBA (see below appendix for more requirements).

Another highlight this year is the four online sharing sessions in early November that will target startups from cities in Mainland China, Guangdong-Hong Kong-Macao Greater Bay Area and Southeast Asia. Successful startups and experts from a variety of industries will be invited to share their experiences during their entrepreneurial period, such as how to solve problems, the reasons for choosing Hong Kong or other cities in the GBA to develop business, analyze the business environment in the region, and the development opportunities of multiple emerging industries.

“Developments in the GBA offer unlimited opportunities, the economic scale is comparable to that of metropolitan areas such as New YorkSan Francisco and Tokyo, bringing huge development potential for startups. We have noticed the rising demand from startups to explore business and financing opportunities in the GBA. With the help of our partners, we hope to deliver more abundant online and offline resources and sharing activities, which support them to further explore the business environment for startups in these cities. Looking forward, AEF will continue to focus on achieving goals for participants, and encourage more institutions with the same vision to join us in nurturing startups,” Chow added.

Since its establishment, Alibaba Hong Kong Entrepreneurs Fund has invested approximately USD80 million into 55 startups^, attracting co-investment funding of about USD2 billion to support these startups. Its investment portfolio covers a wide range of areas, including green technology, educational technology, fintech, medical and healthcare, logistics and e-commerce.


Geek+ Opens a Global Research and Development Center at Hong Kong Science Park


Geek+, a global technology leader specializing in smart logistics, is proud to announce the opening of the Global Research & Development (R&D) Center at Hong Kong Science Park. The center represents the company’s dedication to developing artificial intelligence and robotics (AIR) technologies for the international logistics market as well as Hong Kong’s vibrant industry.

Since its founding in 2015, Geek+ has continued to nurture and invest in the company’s R&D capabilities. Today, half of Geek+ 1,500 employees are invested in R&D and the company holds over 300 patents. The center can be seen as the next step to further enhance the company’s innovative strength, provide new job opportunities, and attract the next generation of AIR talent.

Lit Fung, VP and Managing Director of APAC, UK, and the Americas, says: “Geek+ chose the Science Park as the location for its new R&D center as it is the beating heart of Hong Kong’s innovation and technology ecosystem, a city whose strategic location at the heart of Asia and status as a trading hub and high-skilled talent pool, is of great importance to the company’s R&D efforts. We feel certain that the center will help accelerate the digital transformation of Hong Kong’s dynamic logistics industry and pave the way for international markets.”

Albert Wong, CEO at HKSTP, says: “We are excited to have another unicorn join the Science Park’s vibrant ecosystem. The presence of Geek+ is a strong testimony to Hong Kong’s competitive edge in AIR. Hong Kong has all the key attributes to lead AIR development through its top globally ranked universities and direct access to the GBA. The center will create new opportunities to fuel the next generation of technology talent and help businesses in Hong Kong, empowering the next wave of economic growth.”

The center will introduce a variety of smart automation solutions for affordable, efficient, and safe logistics processes in warehousing and manufacturing. The Goods-to-person picking system uses autonomous mobile robots to organize inventory based on real-time demand and move shelves and pallets of ordered goods to picking stations, where employees will finalize the process guided by a user-friendly interface. Compared to warehouses reliant on manual operations, it improves picking accuracy and efficiency by 300%.

Building upon its well-established Goods-to-Person picking system, Geek+ now boasts a wide range of robotics solutions. Its deep product line includes the award-winning RoboShuttle™ for high-density tote/carton-picking, smart sorting robots that can adapt to various parcel sorting scenarios, and moving robots that apply SLAM navigation to follow virtual lines in complex environments, and more.

Geek+ applies advanced robotics and AI technologies to develop flexible, reliable, and highly efficient solutions for warehouses, factories, and supply chain management. With the Global Research & Development Center, Geek+ will strengthen its role as an AMR leader and continue to develop solutions that help customers across industries transform in the intelligent era.