Alibaba has kicked off Jumpstarter 2017, a competition between startups with a significant investment in their business as a prize. Each of the top three contenders will receive a prize of $1 million USD, provided by the Alibaba Hong Kong Entrepreneurs Fund.
Winners will also gain access to industry specialists and business resources from organizers including Alibaba, Hong Kong Cyberport, and the Hong Kong Science and Technology Parks Corporation.
The competition, which kicked off today in Hong Kong, covers ten technology areas including fintech, big data, e-commerce, AI, and robotics. To be eligible, a startup must have substantial operations in Hong Kong, be less than 5 years old and have raised less than $10 million USD in funding.
In May, competitors will be divided into eight semi-final groups and take the…