Are you a relatively new entrepreneur (newpreneur)? Do you have a start-up story to tell that will blow people's mind because it's that amazing and important?

Then you should take a look at Alibaba's (microsite here) Newpreneur of the Year program which affords you a chance to take home a share of $100,000 in business grants.

It's simple: share your story in a short essay on why you should be the Newpreneur of the Year; join Alibaba for an inspiring discussion and dialogue among experts (e.g, Tom Peters) and peers and celebrate the excitement around entrepreneurship. Top Grant=$50,000, Second Grant=$25,000. Third Grant=$15,000 and two Fourth Grants=$5,000.

Alibaba (China-based) claims it is the world's largest online B2B marketplace.

Deadline for the contest: August 14, 2009.

Apply here.