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Last Updated On: May 03, 2025 10:09 AM , Published On: Dec 02, 2024 11:47 AM
IOC and Alibaba.com have released the first phase of the Athlete365 Business Accelerator program. This program will help current and former professional athletes to turn their skills into business projects.
Many athletes from all around the world have applied to the Athlete365 Accelerator. They highlighted their qualifications and experience. 10% of candidates are Paralympians, while 41% of applicants register as female. Participants come from North America, Asia-Pacific, Europe, and Africa.
Athletes New Business Tool
The program provides participants with advice through a staged approach. It starts with online learning modules, virtual boot camps, and one-on-one mentoring sessions. Participants will learn about important topics like the foundations of e-commerce, international trade, and the AI tools from Alibaba.com.
The all-inclusive framework seeks to promote creativity by giving athletes the perfect tools. They need to expand their current businesses or realize their own company concepts.
Tony Parker Masterclass
On December 3, a masterclass with businessman and two-time Olympian Tony Parker will be broadcast. . This live class will mark the debate. This event will highlight Parker's journey from professional basketball to company leadership. They will provide details about the stamina and vision necessary for entrepreneurial success. It is open to all participants registered on Athlete365, as well as anyone else who may be interested.
The value of such programs is shown by research from Alibaba.com. This shows that 63% of retired athletes have trouble transitioning into new careers. Together with others, the Athlete365 Business Accelerator helps participants turn their athletic principles of excellence, determination, and teamwork into business success by helping them on their path to entrepreneurship.
Statements and Reviews on Athlete365
IOC Athletes’ Commission Chair Emma Terho said:
“This program gives athletes the tools they need to use their special entrepreneurial abilities to launch new careers. We are giving athletes great chances to reach international markets. They can launch profitable companies with partners like Alibaba.com.”
Kuo Zhang, Alibaba.com President, stated:
Entrepreneurs and successful sportsmen have qualities in common. Both have unparalleled perseverance and resolve, a drive for achievement, and a willingness to take chances. But, sportsmen find it hard to settle into new employment after their sporting achievements.
Managing Director of IOC, Anne-Sophie Voumard added:
Athletes are supported at every step of their journey by our Worldwide Olympic Partners. We are using the resources and experience of partners like Alibaba.com. This program gives athletes chances to develop skills after their athletic careers.