In Malaysia, the top three winners of the 2022 Create@ Alibaba Cloud Global Startup Contest (CACSC) were revealed by Alibaba Cloud, the Alibaba Group’s division for digital technology and intelligence, at the Asia Pacific University of Technology and Innovation (APU). Among the top 20 brilliant competitors, Parkit, a new local startup company, won first prize, followed by CheckinMe in second place and IWG eSport Sdn Bhd in third.
Dubbed as “the Olympics” of technology venture capital, CACSC is one of the world’s biggest entrepreneurship contests which covers dozens of countries and just under one hundred cities worldwide. Partnered with HandsProfit, the local operator of Alibaba Cloud Innovation Center in Malaysia and My Lives Global Capital Sdn Bhd as co-organizing partner, this year’s CACSC has risen to a new heigh with attracting 141 entries around the regions, including Malaysia, Cambodia, Vietnam, Singapore and Pakistan.
The competition underwent a stringent two months and three rounds of judging sessions, and it witnessed many outstanding contestants from various industries – retails, logistics, agriculture, internet, F&B, bringing brilliant business concepts with investment ready proposals.
“In alignment with Alibaba Cloud’s long term commitment to nurture bright, up-and-coming talents, we are looking forward to more and more unicorns in Malaysia and together witness a booming era of entrepreneurial innovation in the near future,” said Kun Huang, General Manager of Malaysia, Alibaba Cloud Intelligence. “I would like to congratulate all the contestants. Starting your own business is never easy and keeping the momentum going requires a lot of energy, effort and skills, and all these have already made you a success story.”
Acting as a platform to drive digital transformation and tech innovation and for tech start-ups to unleash their potential via a network of investor ecosystems, the CACSC allows the top 3 Malaysia winners to further shine and rise in a global front. The winners will represent Malaysia and have their entries entered in the world Grand Final of Create@ Alibaba Cloud Global Startup Contest in China.