KUALA LUMPUR, 20 JULY 2017 – The ASEAN Division of the Create@Alibaba Cloud Startup Contest, a competition aimed to encourage the growth of tech startups in the ASEAN region, was held in Malaysia today. A total of 15 tech entrepreneurs from across Asia presented their ideas during pitching sessions held at WORQ, a productivity community and large-scale co-working space located in Klang Valley.
CXS Analytics from Malaysia and Oceo Water from Singapore were announced as Champions of the ASEAN Division of the Create@Alibaba Cloud Startup Contest and awarded the equivalent of US$50,000 (RM214, 000) for first place and US$10,000 (RM43,000) for second place. They will also compete for the World Championship title in Shanghai, China together with champions from other 12 markets and regions in the global final which will be held in October this year.
“This is our third Create@Alibaba Cloud Startup Contest and we are proud of what it has become. It is now a platform for tech startups to showcase their ideas and receive support to turn their ideas into reality. Growing the tech entrepreneur community cannot be done alone. We are glad to forge a strong partnership with Malaysia Digital Economy Corporation (MDEC) and WORQ who share the same vision of creating an ecosystem for entrepreneurs” said Raymond Ma, Head of ANZ & ASEAN, Alibaba Cloud.
The contest is the latest in a series of collaboration initiatives between MDEC and Alibaba Cloud which supports the Electronic World Trade Platform (eWTP) program and demonstrates the opportunities made possible through the platform.
Earlier this year, Alibaba Cloud announced that it will establish a data center in Malaysia which is set to become the first global public cloud platform in the country. Through this, Alibaba Cloud will empower local entrepreneurs from different industries and sizes of business to migrate their IT infrastructure to a powerful, reliable and secure platform.
“Alibaba Cloud and MDEC’s partnership was established on one mutual interest and that is, our commitment towards developing the tech entrepreneur ecosystem. This synergy has connected the Malaysian tech entrepreneurs to bigger opportunities and the Create@Alibaba Cloud Startup Contest ASEAN Division is a perfect example of that. Through this contest, Malaysian entrepreneurs had the chance to present their ideas to industry experts and gain the experience,” said Dato’ Wan Peng, COO of MDEC.
During the event, MDEC also announced WORQ as a new Malaysia Digital Hub™. Introduced early this year, Malaysia Digital Hub™ is an initiative that helps tech and digital co-working spaces, their startups and communities, by providing support from the government and offering opportunities to connect to ASEAN and global digital ecosystem.
"WORQ is honoured to be one of the four Digital Hubs in Malaysia. We believe this will increase the vibrancy of our ecosystem even more. We want to help entrepreneurs and innovators sustain and grow their ventures by helping them help each other. By providing them with a vibrant and welcoming community where they can interact and thrive, their work can grow amidst a robust and supportive ecosystem. MDEC and Alibaba are in line with this vision and we are so pleased to be able to leverage them to help Malaysia's entrepreneurship community," said Stephanie Ping, CEO and Co-Founder of WORQ.
Malaysia Digital Hub™ offers startups the opportunity for global expansions, ready access to high-speed broadband and fibre optic connectivity, funding and facilitation opportunities, workforce-ready ecosystem, technologically focused and a holistic convenience and lifestyle experience. While it encourages the participation from all tech startups, Malaysia Digital Hub™ focuses on four categories - growing startups, global tech companies, accelerators and talent builders and investors.
Other digital hubs that have been approved by the government are APW, The Co. and Common Ground.
Malaysia Digital Economy Corporation or MDEC (formerly known as Multimedia Development Corporation Sdn. Bhd.) is the lead agency in driving the digital economy in Malaysia under the Ministry of Communications and Multimedia Malaysia. Since its inception 21 years ago, MDEC’s mission is to develop the nation’s digital economy. MDEC’s implementation efforts are centred on driving investments, building local tech champions, catalysing digital innovation ecosystems and propagating digital inclusivity.
MDEC is also responsible to ensure that Malaysia plays an integral part in developing and nurturing talent to drive digital innovation around the world, while attracting participation from global ICT companies to invest and develop cutting edge digital and creative solutions in the country.
To know more about MDEC’s efforts and initiatives in driving Digital economy, please visit www.mdec.my or follow us on:
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