Fertility, AI and electric bike start-ups compete for a slice of US$5 million pie in Alibaba, HSBC-sponsored contest
- Thirty companies have been shortlisted out of more than 1,000 start-ups participating in the Jumpstarter 2023 Global Pitch Competition
- The finalists include EggLogics, which focuses on advanced IVF technology, and AI beauty technology provider Sorra, both from Hong Kong
In-vitro fertilisation (IVF), artificial-intelligence (AI)-supported skincare and electric bikes are among technologies being pursued by 30 start-ups that have been chosen as finalists in a contest in Hong Kong sponsored by the Alibaba Entrepreneurs Fund (AEF) and HSBC.
The companies were shortlisted out of more than 1,000 start-ups from 85 countries taking part in the Jumpstarter 2023 Global Pitch Competition. Seventeen of the 30 teams are based in Hong Kong, while the rest come from the United States, Britain, mainland China, Singapore, South Korea, Israel and Ghana.
Cash prizes for the top winner and other honourees will total HK$1 million (US$127,000), said Cindy Chow, executive director and CEO of the fund.
Alibaba owns the South China Morning Post.
The finalists include Hong Kong-based EggLogics, competing in the biotechnology and life sciences category. The start-up focuses on improving fertility treatments with cutting-edge IVF technology.