One of the biggest startup competitions by Alibaba is back; funding and China market support for winners

Applications close on 5th September 2021

Carl Adrian

30 Aug, 2021

One of the biggest startup competitions by Alibaba is back; funding and China market support for winners | BEAMSTART News

- From our Sponsors -

One of the largest entrepreneurship competitions in the world is back, and it promises tremendous benefits and support for participating startups.

Also known as Create@Alibaba Cloud Global Startup Contest 2021 (CACSC), the contest is now accepting applicants from startup companies seeking to raise funds or enter China.

Key Highlights

  • CACSC aims to provide technology, talent, and growth acceleration for participating startup companies, and is now accepting applications until 5th September 2021
  • Field of interests include 5G, artificial intelligence, cloud computing, Internet of Things, AR/VR, drones, smart community, smart logistics, connected vehicles, smart medical care, smart city, smart energy, smart grid, etc.
  • Winners will receive $3,000 to $20,000 worth of Alibaba Cloud coupons for 1 year, training, and opportunities to access Alibaba's resources.

Program Opportunities

  • Support by Alibaba to enter China.
  • Access to Alibaba’s Wide Range of business ecosystem and resources
  • Access to RMB 5 million equipment subsidies
  • Access to RMB 6 million 3 years R&D sunsidies
  • Access to RMB 15. million workplace rental subsidies
  • Access to RMB 10 million Angel Dream Fund
  • Access to RMB 20 million concessional equity guidance funds

Entry Requirements

  • Declarants should have a bachelor's degree or above, with a certain level of management experience or self-employment experience, proven by outstanding achievements; they should have a legal company registered for their project.
  • The project should exhibit core technical strength and continuous innovation; it should have intellectual property patents, model products, or established products.
  • The project should have good future development prospects in the industry and the market; it should be in line with the future direction of the industry.

Application Process

  • Interested applicants can submit their proposals via the following link.
  • The internal country judge will select the Top 50 from all applications to advance to the Semi-Final stage.
  • Top 20 participants will be shortlisted for the ASEAN Final during the Live Stream of the Semi Finals.
  • ASEAN Final will be live streaming on the 22nd of September, and will shortlist the top 3 companies for the Global Grand Final.
  • The Winner will be announced at the Global Grand Final, on September 28th.

- From our Sponsors -

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