Kickstarter and Alibaba.com Join Forces to Empower Innovators
Kickstarter Partners with Alibaba.com for CoCreate Pitch
This exciting new collaboration brings together Kickstarter, the world's leading crowdfunding platform, with Alibaba.com, a major player in global B2B e-commerce. The partnership aims to enhance product-based entrepreneurship through the CoCreate Pitch competition, which features a prize pool of $1 million. This initiative is designed to help innovators turn their ideas into reality and access markets worldwide.
CoCreate Pitch: A Global Initiative
The CoCreate Pitch competition is more than just a crowdfunding event; it's an opportunity for entrepreneurs to showcase their innovative ideas on an international stage. By leveraging resources from both Kickstarter’s extensive backer community of over 23 million and Alibaba.com’s vast network of business buyers, participants will have the chance to engage and attract funding for their projects from around the globe.
Empowering Entrepreneurs
The partnership emphasizes the shared vision of both companies: to empower entrepreneurs. Kickstarter has funded over $8.5 billion in creative projects since its inception, while Alibaba.com connects 50 million global business buyers with suppliers across more than 200 countries. Together, they are set to revolutionize how startups go from concept to market.
Exciting Opportunities for Finalists
Finalists in the CoCreate Pitch will have unique opportunities to present their products live at two major events. The chosen semi-finalists will be awarded significant cash prizes and credits for sourcing products through Alibaba.com. This initiative not only provides funding but also crucial access to resources necessary for launching innovative ideas.
Competition Details and Entry
Entrepreneurs interested in competing can submit their applications until the deadlines for both the Las Vegas and London events. All submissions will be evaluated based on criteria such as innovation, feasibility, and market potential. They will be assessed by a panel of expert judges, ensuring a competitive and beneficial environment for all entrants.
Insights from Alibaba.com Leadership
Kuo Zhang, President of Alibaba.com, shared insights on their commitment to supporting entrepreneurs. The partnership with Kickstarter aligns with Alibaba.com’s mission to make business operations easier worldwide. By creating a streamlined process that encompasses funding and access to infrastructure, they aim to nurture a new generation of global entrepreneurs.
Kickstarter's Role in the Competition
Kickstarter is deeply involved in the CoCreate Pitch initiative. With CEO Everette Taylor serving as a judge, the platform will also host discussions on alternative funding models. Winning entrants who launch their crowdfunding campaigns on Kickstarter may receive additional promotional support, further elevating their projects and enabling their growth in the marketplace.
Expectations for Future Collaborations
As the CoCreate Pitch evolves, both Alibaba.com and Kickstarter are looking forward to future opportunities to engage with entrepreneurs. This partnership opens doors for continued collaboration, driving innovation forward in the startup ecosystem.
Frequently Asked Questions
What is the CoCreate Pitch competition?
The CoCreate Pitch is a global competition designed to empower entrepreneurs by providing them with resources and funds to develop their product ideas.
How can entrepreneurs enter the CoCreate Pitch?
Entrepreneurs can enter by submitting a short video on social media or filling out an entry form through the competition's website.
What prizes are available for finalists?
Finalists will have a chance to win a portion of a $1 million prize pool, with opportunities for cash awards and sourcing credits.
Who is involved in the judging process?
The judging panel includes industry leaders and experts, including key figures from both Kickstarter and Alibaba.com.
How can this partnership benefit entrepreneurs?
This partnership combines crowdfunding with a vast e-commerce network, providing entrepreneurs with essential tools, resources, and exposure to grow their businesses successfully.
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