Alibaba.com launches national contest to help “Newpreneurs™” get started;
$100,000 up for grabs in business grants
Also according to the 2009 Alibaba.com Newpreneur Survey, more than four in ten (44 percent) of Americans who considered starting a business said not knowing “how to handle the logistics, such as where to make or get my products” was one of the top two reasons why they didn’t start their business. That’s greater than those who say that they were afraid of failure (37 percent). The survey also includes specific data points for
“The renewed confidence in entrepreneurs is evident across the country and proves that the American dream is still alive and well,” said David Wei, chief executive officer, Alibaba.com. “As the data shows, Americans strongly believe the down economy provides an opportunity for a new class of what we call ‘Newpreneurs’ – people who are using the recession as a catalyst to start a business or develop an idea. Alibaba.com can help Americans turn their dream into a reality by connecting them with business partners and helping them succeed in global trade.”
To help support Newpreneurs, Alibaba.com today launched its national “Newpreneur of the Year” contest, which will award a total of $100,000 to small business owners who see the recession as an opportunity to start a new venture. The contest, presented in partnership with Inc, is hosted at www.inc.com/alibaba where entries can be submitted until August 14, 2009.
A select panel of judges will review the online submissions and invite 30 semi-finalists to present their idea at regional events in October that will be held in six cities; New York City, Miami, Dallas, Chicago, Seattle and Los Angeles. After the regional judging, 12 finalists will be profiled on www.inc.com/alibaba for public voting. Then the top five finalists will be invited to the finale event in
“For three decades, Inc. has celebrated entrepreneurs as the most vibrant business segment of the economy. Their ability to find opportunities to start and grow companies, even in challenging economic times, is truly unique,” said John M. Teabeau, publisher, Inc. magazine. “Partnering with Alibaba.com for the Newpreneur of the Year contest is another example of our support for this important community. We’re aiming to inspire and educate business leaders while helping to get a few companies to the next level.”
Alibaba.com Limited (HKSE: 1688) (HK.1688) is the global leader in business-to-business (B2B) e-commerce and the flagship company of Alibaba Group. Founded in 1999, Alibaba.com makes it easy for millions of buyers and suppliers around the world to do business online through three marketplaces: a global trade marketplace (www.alibaba.com) for importers and exporters, a Chinese marketplace (www.alibaba.com.cn) for domestic trade in China, and, through an associated company, a Japanese marketplace (www.alibaba.co.jp) facilitating trade to and from Japan. Together, its marketplaces form a community of 40 million registered users from more than 240 countries and regions. Headquartered in
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Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. magazine (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today's innovative company builders. With a total paid circulation of 724,110, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.
Ruder Finn West for Alibaba.com
 The Alibaba.com survey was conducted among 3,813 representative Americans ages 18 and older by