YBrs. TS. Mahadhir Aziz, Chief Executive Officer of Malaysia Digital Economy Corporation (MDEC), officiated the launch of Alibaba Group’s 2022 Create Alibaba Cloud Global Startup Contest on 15 August 2022 at Asia Pacific University.
Partnering with HandsProfit, the local operator of Alibaba Cloud Innovation Center Kuala Lumpur (ACICKL) in Malaysia, this contest acts 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.
As one of the largest entrepreneurship contests of Alibaba Group, Create@ Alibaba Cloud Startup Contest (CACSC) made its local debut back in 2019. Globally, dubbed “the Olympics” of technology venture capital, CACSC covers dozens of countries and just under 100 cities worldwide. Throughout the years, the contest in Malaysia has benefitted an excess of 200 participants in a bid to further their digitalization journey along with the requisite industry exposure.
“Being a global ecosystem builder, we are excited to nurture bright, up-and-coming local talents through this contest and connect them with key business leaders and venture capitalists,” said Kun Huang, General Manager of Alibaba Cloud Intelligence in Malaysia. “With this initiative, we will continue to propel the growth of tech start-ups in Malaysia to the next level.”
Mahadhir Aziz, CEO of Malaysia Digital Economy Corporation (MDEC), said that the vision and mission of CACSC is in line with Malaysia Digital, the national strategic initiative to accelerate Malaysia’s digital economy and enable local start-ups to become global champions.
“Start-ups have the potential of shaping the future landscape of the digital economy. Driving the growth and development of digital start-ups is to cultivate a digital economy ecosystem that is progressive and sustainable. The CACSC is aligned with the efforts of MDEC and – by extension – the Malaysian government to foster a thriving digital start-up ecosystem and in creating a progressive, inclusive, and sustainable digital economy,” he added.
This year’s CACSC will be focusing on five core pillars namely digital tech, food and beverage tech, agro tech, blockchain and industrial revolution 4.0. In alignment with Alibaba Cloud’s long term commitment to creating a sustainable ecosystem for start-up businesses, the contest provides participants access to ready-funders and investors for their projects, Alibaba’s wide range of business ecosystems and resources, as well as benefit from the best digital business practices of Alibaba Group.