Thursday, 27 February 2020 03:12

Australia’s The Block Ledger a winner in Alibaba Entrepreneurs/HSBC ‘jumpstarter’ pitch competition Featured

By
Adam Wang, Founder The Block Ledger Adam Wang, Founder The Block Ledger

Australian startup The Block Ledger is one of the top five winners of the Alibaba Entrepreneurs Fund/HSBC JUMPSTARTER 2020 Global Pitch Competition, competing in the event against 40 finalists for the top five slots.

After an online roadshow running for nearly 400 minutes and a live Q&A with a panel of judges, Asia Regenerative Medicine, Ecoinno, Fano Labs, Snipfeed and The Block Ledger were named as the winners of the competition.

Adam Wang, founder of blockckchain vendor The Block Ledger - which was established in 2018 - said that entering the competition was a “unique opportunity” to grow the startup’s networks beyond Australia.

“One reason we decided to enter JUMPSTARTER was to meet international investors and grow our network. As one of the world’s top startup competitions, I encourage other Australian startups to take part as you never know the learnings and connections that will come through participation in the program,” Wang said.

Wang said The Block Ledger “strives to introduce trust to accounting through blockchain technology by creating a digital ledger”, and within a short two-year period, the company has already expanded into six countries, with engineers, accountants, and auditors.

“Despite the various challenges the world is facing, including COVID-19 and geopolitics, an entrepreneurial spirit is one that will never give up,” said Executive Vice Chairman of Alibaba Group and Director of Alibaba Entrepreneurs Fund Joe Tsai.

“We should all stay committed to the values we believe in as we continue towards our mission and vision. Entrepreneurs also need to hire good people and work with talent to achieve sustainable development, which is a crucial step for startups to achieve their dreams,” Tsai said.

Executive Director of the Alibaba Hong Kong Entrepreneurs Fund Cindy Chow said: “With the support of different partners, we are delighted that JUMPSTARTER 2020 was hosted online successfully”.

“The finalists came from over ten countries and regions, and they had outstanding performance, showcasing forward-looking ideas to address market needs. I hope that all participants in JUMPSTARTER 2020 can benefit from the process and gain useful experience that can help them achieve their entrepreneurial dreams.”

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Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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