KUALA LUMPUR: Alibaba's digital technology and intelligence backbone, Alibaba Cloud announced its 2022 edition of Create@Alibaba Cloud Global Startup Contest (CACSC) in Malaysia.
Partnering with HandsProfit, the local operator of Alibaba Cloud Innovation Centre 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.
The contest first made its local debut in 2019, it is dubbed as "the Olympics" of technology venture capital in dozens of countries.
"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 Alibaba Cloud Intelligence Malaysia's general manager Kun Huang, adding that the initiative will continue to propel the growth of tech start-ups in the country.
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.
Malaysia Digital Economy Corporation (MDEC) CEO, Mahadhir Aziz said that the vision and mission of CACSC is in line with Malaysia Digital 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 said.
Participants will also get access to the Alibaba Cloud ecosystem to gain valuable insight, experience and resources to expand their businesses including mentorship programmes and workshops with experts from various industries as part of its role in creating a sustainable pool of digital talent.
2022 Create@Alibaba Cloud is now open for registration at https://www.createstartupcontest.com.
