Alibaba.com Announces 50 Small Businesses Receiving US$10,000 Grants to Catalyze Entrepreneur Economy

Rhea-AI Summary

Alibaba.com has launched its inaugural Grants Program, awarding $500,000 in grants, with 50 entrepreneurs each receiving $10,000. The program aims to support New Digital Entrepreneurs in various sectors, selected from over 12,000 applicants. Recipients are predominantly women and people of color, representing diverse backgrounds. The initiative seeks to tackle the financial challenges faced by small business owners and provides access to resources like the Alibaba.com Digitization Sprint. This program is a partnership with Hello Alice.

Positive

• Launch of the Alibaba.com Grants Program aimed at supporting 50 entrepreneurs.
• Total funding of $500,000 allocated for grants, with each recipient receiving $10,000.
• Over 12,000 applicants, showing strong interest and engagement in the program.
• Diverse representation among recipients, with about 80% being people of color and 78% women.
• Access to the Alibaba.com Digitization Sprint program, which provides valuable ecommerce resources.

Negative

• None.

50 U.S. entrepreneur recipients representing all US regions across a variety of industries - including beauty and self-care, consumer goods, food, technology and more - are receiving grants to support their success

NEW YORK--(BUSINESS WIRE)-- Alibaba.com, one of the world’s largest B2B ecommerce marketplaces and a business unit of Alibaba Group (NYSE: BABA, HKEX:9988), today announced the 50 entrepreneurs each receiving $10,000 grants from the first-ever Alibaba.com Grants Program. A total of $500,000 in grant support will fuel new participants in the Entrepreneur Economy. Recipients were selected from a pool of more than 12,000 applicants who submitted their product idea or go-to-market strategy for consideration by Alibaba.com’s panel of expert judges.

The Alibaba.com Grants Program, created in partnership with Hello Alice, the largest community of underrepresented entrepreneurs in the U.S., aims to support today’s Entrepreneur Economy by providing much-needed capital and resources to New Digital Entrepreneurs who are starting businesses online. 44% of these New Digital Entrepreneurs say they needed $5,000 or less in the first six months of launching their business and program applicants underscored this need in their applications, citing raising capital as their top business challenge of 2021. In addition to the opportunity for grants, the thousands of applicants all have access to the Alibaba.com Digitization Sprint for Retailers, gaining valuable insight into ecommerce basics like sourcing, digital advertising and supply chain management.

“Today’s New Digital Entrepreneurs are erasing the boundaries of what’s possible and changing the way we think, work and live,” said John Caplan, President of North America and Europe of Alibaba.com and judging panel member. “At Alibaba.com, it’s our mission to make it easy for businesses to do business anywhere, which is why it’s an honor to support this group of incredibly inspiring entrepreneurs with start-up capital to catalyze their businesses and grow on their own terms. We can’t wait to see what these entrepreneurs accomplish.”

The group of 50 grant recipients includes entrepreneurs from diverse backgrounds and walks of life.

“Starting a business is challenging no matter the circumstances,” said Elizabeth Gore, President and Co-founder of Hello Alice. “But we know certain socioeconomic factors can make the entrepreneurial journey even more difficult. That’s why we’re proud to share that almost 80% of the Alibaba.com Grants Program recipients are people of color and about 78% are women entrepreneurs. Importantly, almost 90% of recipients shared that the vast majority of their teams hail from historically underrepresented groups, including persons with disabilities, military veterans and LGBTQ+.”

The 50 Alibaba.com Grants Program recipients include entrepreneurs with business plans to help create a more healthy, sustainable, beautiful, knowledgeable or equitable world.

“I represent a sector of socially and economically disadvantaged entrepreneurs who are ditching disparities in the 9-to-5 workforce and pursuing entrepreneurship to create a better quality of life for themselves and their families,” said Tenita Strand, owner of Alabama-based Status Co, a leather accessories studio. “My trajectory also inspires others how to start a business on a shoestring budget and access resources to grow a reputable, stable company.”

“Being a part of the Entrepreneur Economy means that a person such as myself, who would have not been given this opportunity years ago, now has the ability to make a difference in this society and in this world,” said Sierra Williams, owner of SHE Support Heal Empower, a solopreneur focused on postpartum products for women of color. “It means that while there is an opportunity for me to grow, there is also the opportunity to lift others up with me so that more people can make an impact for our future and present generations.”

Following the close of the application period in late October, applications were evaluated by Alibaba.com’s expert judging panel from across the ecommerce ecosystem. Each judge brings a diversity of perspectives to the application review process and included:

• John Caplan, President of North America and Europe of Alibaba.com
• Elizabeth Gore, President and Co-founder of Hello Alice
• TJ Hyland, Director of Global Partnerships at Elevate Brands
• Ines Belakhdar, Founder and CEO of conscious fashion retailer Bynes NY
• Tatiana James, entrepreneur and ecommerce expert

Applications were reviewed based on the entrepreneur’s demonstration of the market opportunity, the business model/product innovation, and their plans for using the funds to grow their business.

Here are the 50 entrepreneur recipients of the Alibaba.com Grants Program:

Business	Entrepreneur	State
Adura	Jacqueline Amadi	TX
Baddie Labs Cosmetics	Keneshia Berkley	IL
Bao Box LLC	Si-Chi Hefel	WA
Be Happy Handcrafted	Bianka Hollind	WA
Brilliant You Denim	Terry L Davis	NC
Cecile Blancarte Corporation dba Blancarte	Cecile Blancarte	CA
CISE	Justine Loyo	CA
Cloth Cuties	Jamie Frank	TX
Copper and Brass Paper Goods	Ariel Young	GA
Copper Door Coffee Roasters	Hannah Ulbrich	CO
Curly Contessa	Kristin Farmer	AL
Curtis & Company Apparel	Angelica Curtis	CA
Element Mom	Sarah Li	CA
Eva Jane Beauty, LLC	Eva Jane Bunkley	GA
Fairy Circle Garden	Jeremy Jackson	TX
FEND Corp.	Sujene Kong	NY
First Sip Brew Box	Dennis Guy	PA
Gelateria Uli LLC	Uli Nasibova	CA
Global Sense	Elizabeth Strickland	TX
Hi Mat Company	Lynzi Clark	UT
Inside Out Bars, LLC DBA Inside Out Goodness	Seth Sundberg	CA
Joiful Bee LLC	Joi Wade	FL
Kaka'ako Kasuals	Kiakahi Wong	HI
kanti	Keamone Frederick	NY
LipRevolt, LLC	Courtney Stewart	GA
Miss Swiss LLC	Ashley Piszek	PA
Nick Ricardo Collection	Nick Yeast	CA
OmniVis Inc.	Katherine Clayton	CA
ParentCo	Jasmine Johnson	IN
Parents Are Human LLC	Joseph Lam	CA
Paris Fit LLC	Noel Davis	PA
Pawstries	Treasure Crocker	MI
Pink Scissors Stationery LLC dba Nailstry	Aurelia Edwards	FL
Play Out Apparel	Abby Sugar	NY
Rooted Fare	Ashley Xie	CA
Rugged Black Athleisure Activewear	Matt Addison	CO
Scarlett Collection	Morgan Kelley	GA
SHE Support Heal Empower	Sierra Williams	NJ
SortJoy	Alexa Cohn, Stefani Herr	CA
SprinJene	Pia Gschossmann	NY
Status Co. LLC	Tenita Strand	AL
STEM POWERED KITS	Zakiya Brown	GA
The Crease Beast LLC	Matt Jones	CA
The Lofty Collector Solutions LLC.	Ricardo Castro	CA
The Milk Mission LLC,	Gina VanCant	OH
The Refill Shoppe	Michelle Stevens	CA
The Solar Guru	Ali Turner	NE
Unique Threads	Sheriff Muse-Ariyoh	GA
Vecina Couture	Ada Rojas	IL
Wicks + Scents®	Shauna Cooper	SC

For more information on the Alibaba.com Grants Program and recipients, visit Alibabaus.co/grants_program.

About Alibaba.com

The first business unit of Alibaba Group, Alibaba.com is a leading platform for global B2B e-commerce that aims to make it easy to do business anywhere. Launched in 1999, Alibaba.com is engaged in services covering all aspects of commerce, including providing businesses with tools that help reach a global audience for their products and helping buyers discover products, find suppliers, and place orders online fast and efficiently. It serves millions of buyers and suppliers from over 200 countries and regions around the world.

About Alibaba Group

Alibaba Group's mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a company that lasts at least 102 years.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211214005187/en/

Media

Brion Tingler

+1 917 528 1992

brion.tingler@alibaba-inc.com

Alibaba.com Agency

M Booth

alibaba@mbooth.com

Source: Alibaba Group

FAQ

What is the Alibaba.com Grants Program?

The Alibaba.com Grants Program is an initiative that provides funding to support New Digital Entrepreneurs, helping them start and grow their online businesses.

How much funding is available through the Alibaba.com Grants Program?

A total of $500,000 is available in the Alibaba.com Grants Program, with 50 entrepreneurs receiving $10,000 each.

How many applicants applied for the Alibaba.com Grants Program?

There were over 12,000 applicants who submitted their ideas and strategies for the Alibaba.com Grants Program.

What percentage of grant recipients are women and people of color?

Approximately 78% of the grant recipients are women, and about 80% are people of color.

What kind of businesses do the grant recipients operate?

The grant recipients represent diverse industries including beauty, consumer goods, technology, and more, focusing on creating sustainable and equitable businesses.