Alibaba.com Launches “CoCreate Pitch” with $1 Million Prize

The competition is expected to become a stage to showcase the world's leading product ideas from small and medium-sized enterprises (SMEs) around the world. Opening up opportunities to access solid financial support, a diverse global supply chain and intensive mentoring programs.

The competition has an attractive prize structure: Two winners, each from one of the two CoCreate events (Las Vegas and London), will receive a prize of $200,000 (50% cash and 50% Alibaba.com shopping credit). Another 20 outstanding businesses will receive prizes of up to $40,000 in similar forms. All participants will have free access to Alibaba.com’s AI-powered sourcing tools and supplier network, helping to accelerate prototyping and cost-effective manufacturing.

“The CoCreate Pitch Competition has always been a highlight of CoCreate. It is the passion and entrepreneurial spirit that SMEs bring to their innovative product ideas that makes this stage come to life,” said Kuo Zhang, President of Alibaba.com.

Source: https://www.sggp.org.vn/alibabacom-khoi-dong-cuoc-cocreate-pitch-voi-giai-thuong-1-trieu-usd-post801656.html