Alibaba Cloud announced the top 3 winners in Malaysia for its 2022 Create@ Alibaba Cloud Global Startup Contest (CACSC) at Asia Pacific University of Technology and Innovation (APU). Among the top 20 talented finalists, the local startup enterprise – Parkit won the championship of the contest, followed by CheckinMe as first runner-up and IWG eSport Sdn Bhd as third place.
Dubbed “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-organising partner, this year’s CACSC has risen to a new height attracting 141 entries around the regions, including Malaysia, Cambodia, and Pakistan.
The competition underwent a stringent two months and three rounds of judging sessions, and it witnessed many outstanding contestants from various industries – retail, logistics, agriculture, internet, and 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.
