Sunway City, 10 April 2018 – Fenox Venture Capital today held the first ever Startup World Cup Malaysia in partnership with MDEC, Malaysia Digital Hub, and Sunway iLabs to connect Malaysian startups to the vast opportunities and resources available in Silicon Valley.
This year, Startup World Cup Malaysia 2018 pitted 10 final startups in a pitch competition, including food delivery startup Dahmakan, and Neuroware on blockchain infrastructure. Startup World Cup Malaysia 2018 is part of the Startup World Cup 2018, a global conference and pitch competition that brings together top startups, venture capitalists, entrepreneurs and global tech CEOs. The Startup World Cup Malaysia pitch competition aims to bridge our local startup ecosystems worldwide, while also encouraging the most talented entrepreneurs to battle to be the champion of the Startup World Cup. The Startup World Cup Grand Finale will be held in US’s Silicon Valley.
The Malaysian winner will be provided free flight and event tickets to attend a host of workshops, a networking party, and the Grand Finale event on 11 May 2018 where startups from around the world will pitch their ideas to a panel of prominent judges for a chance to take home the trophy and USD 1,000,000 investment prize.
Startup World Cup partners some of the world’s largest conference and tech events to host regional startup competitions leading up to the Grand Finale. Including the Malaysian installation, this year, there were a total 30 regional events across North America, South America, Europe, Africa, Asia, and Australia leading up to the Grand Finale.
Speakers at the Startup World Cup 2018 Grand Finale include eminent figures in the entrepreneurship community such as;
Netflix Co-Founder, Marc Randolf;
Tesla Former CIO, Jay Viyayan;
Siri Co-Founder, Adam Cheyer;
CISCO Former CEO and JCO Ventures Founder and CEO, John Chambers;
Khosla Ventures Founder, Vinod Khosla; and
SV Angel Founder, Ron Conway
Among the panel of judges at the Grand Finale are;
Y Combinator Partner, Geoff Ralston;
Founder Institute’s Founder, Adeo Ressi;
Plug and Play Managing Partner, Alireza Masrour; and
Index Ventures’s Principal, Nina Achadjian
Judges for Startup World Cup Malaysia 2018 are;
Sun Sea Capital’s Venture Principal, Chua Seng Teong;
Leonie Hill Capital’s Head of Investments – Technology Media and Telecom Sector, Thoo Wee Meng;
Malaysia Digital Economy Corporation (MDEC)’s Head of Funding Ecosystem, Balasubramaniam A;
Jirnexu Founder and Director, Hann Liew; Captii Ventures’ Chief Executive Officer, SaiKit Ng;
Director of Sunway iLabs, Matt van Leeuwen; and
SEA Regional Manager of Fenox Venture Capital; Retno Dewati
In his opening speech, Malaysia Digital Economy (MDEC) Vice President of Growth Ecosystem Development, Norhizam Kadir, said, “We are most pleased to have Fenox VC as MDEC’s partner to bolster the startup ecosystem that we are building here in Malaysia. The Startup World Cup Malaysia will be a catalyst to increase the number of enduring, high-growth startups that will succeed on a regional and global scale in tandem with our ambition to develop a world-class digital economy by 2020.”
“On the startup side, the Malaysian tech startup ecosystem is growing and vibrant, with a stream of incentives released under Budget 2018. The Malaysia Tech Entrepreneur Programme (M-TEP) has attracted interest from several entrepreneurs from all across the world and shows that our initiatives have global appeal. It is encouraging to know we have received applications from entrepreneurs from more than 10 countries, including Germany, India, Australia, Singapore, UK and US.”
Speaking of MDEC’s Digital Hub initiatives, Norhizam said: “The Digital Hub programme has been seen as a master cog, an initiative that also has a global aspect, as it is open to both local and foreign startups and entrepreneurs. With strong partnerships from industry – the MDEC-initiated Digital Hub programme will be able to speed up startup growth as an important aspect of Malaysia’s Digital Economy.”
Director of Sunway iLabs, Matt van Leeuwen said, “Sunway iLabs is delighted to be working closely with MDEC and Fenox Venture Capital as the Malaysian Digital Hub partner of this first of its kind initiative in Malaysia. We see connecting Malaysian startups to the vast resources of Silicon Valley and other global markets as one of the key goals of Sunway iLabs as we believe it will bring substantial value to entrepreneurs. Combining the talent pool of digital savvy students in Sunway University with startups, venture capitalists and other ecosystem players in Sunway City will also contribute to achieving our vision to become a leading innovation hub in ASEAN.”
Retno Dewati, SEA Regional Manager of Fenox Venture Capital shared that Fenox sees Malaysia as a burgeoning startup capital with the potential to produce world-class startups.
“Malaysia has been rapidly gaining attention as one of the most exciting startup hubs in Southeast Asia (SEA) with a robust startup ecosystem. There is a diversity of ideas and talents that would benefit from a connection to Silicon Valley. One of SEA’s unicorns, Grab, started out in Malaysia. We are pleased to partner with MDEC and Sunway iLabs, two prominent players in the startup ecosystem to accelerate the growth of Malaysian startups and connect them to the global ecosystem,” she said.
For more information on the Startup World Cup, please check out the Startup World Cup website at www.startupworldcup.io.