MALAYSIA’S TOP 16 START-UPS EYE
VENTURES VIA MAD TECHVENTURES
Kuala Lumpur, October 24 – Malaysia’s top 16 new start-ups are eyeing to secure the commercialization of their ideation and innovations with potential ventures and investors through MAD TechVentures, a premier launch pad for top start-ups.
The event held at Technology Park Malaysia, Bukit Jalil today saw the 16 start-ups, selected from more than 55 nominations, keenly contesting for a spot in the five categories: mobile and communications, creative contents, business applications and productivity, community & social network, and subscription & commerce marketplace.
“MAD TechVentures is the only launching platform for Malaysia’s tech start-ups. We are happy to see the participation of start-ups as well as corporate sponsors, investors, media and entrepreneurs giving support to this event,” said Andrew Wong, Chief Executive Officer of MAD Incubator.
“In Malaysia, launching a venture or a product takes a significant amount of money and resources which startups do not have such luxury. What MAD does is to bring the entire ecosystem – media, buyers, industry, investors, entrepreneurs and startups together and launch these ventures and products together. This will allow start-ups to build their visibility in market,” he added.
Speaking at the event, Encik Shahazman Abu Samah, Vice President, Park Management and Services of Technology Park Malaysia Corporation Sdn Bhd (TPM) said the event by MAD TechVentures was an excellent platform to support and assist new start-ups to promote their commercialization potential.
“The efforts by MAD TechVentures complement the role of TPM and we are happy to lend our support to the event. Such initiative bodes well to foster closer collaboration between the public and private sectors to boost the development, transformation and growth of technology and innovation sector to support the Government’s aspiration of building a strong k-economy,” said Shahzman.
The competing companies were required to showcase their products and new ventures to event attendees, as well as a panel of judges comprising of industry luminaries, who in turn evaluate each start-up’s presentation and overall value proposition, then determine the winning startups.
The winner of “Best of the Best” Award among the 16 competing start-ups will receive a trophy and certificate from MAD TechVentures and cash prize of RM1000 as well as marketing support for a year.
The winner in each of the five categories will receive a certificate from MAD TechVentures, while MAD Coach Academy will sponsor a two-month Entrepreneur Startup coaching program with a total of eight personalised one-on-one sessions. Exabytes sponsored email marketing system to the winners, whereas Mexcomm sponsored 1,000 SMS credits for each winner.
Following MAD TechVentures 2013, the organizer will still find ways to continually support all the winners, in terms of exhibition space, network/linkages, incubation services, etc.
Previous MAD TechVentures produced winners that went on to do well in their ventures; some obtaining grants and investment with most winners obtaining good market traction for their respective ventures. Companies such as Web bytes and Convep Sdn Bhd have gone on to do well in their respective businesses.
“MAD TechVentures is a great platform to showcase your ideas and receive instant feedback to further improve it. An award such as this is an integral part of the startup ecosystem and I hope to see more efforts in developing MAD TechVentures into a regional launch pad in the future,” added Wong.
About MAD TechVentures
MAD TechVentures is a launch pad for Malaysia’s Top Tech Startups. It is a platform for Tech Startups to launch their products / solutions in front of the influential investors, powerful media members, and impactful industry leaders. MAD TechVentures was started in year 2010 with the objective to identify the top tech startups and provide them with a platform to launch their products / solutions to gain more exposure and eventually MAD Incubator will nurture them through MAD Incubator’s incubation programs.
Finalists will be featured according to the categories the MAD TechVentures identified: Mobile & Communications, Creative Contents, Business Applications & Productivity, Community & Social Networks, and Subscriptions & Commerce Marketplace. Each finalist will need to launch and demonstrate its product / solution in order to (i) gain the attention from venture capitalists or angel investors, (ii) gain more publicity, (iii) awards from MAD TechVentures. This is a perfect opportunity for start-ups to showcase their potential in front of their peers and potential investors who can participate the MAD TechVentures by invitation only.
MAD TechVentures is not all about the financial rewards but the recognition that startups can get from publicity and awareness about their technology ventures. MAD Incubator hopes that MAD TechVentures will be the premier platform to cultivate new ideas, promote innovation, identify new promising startups, create new technopreneurs and subsequently create world-class startups.
For further information, please log on to :
MAD TECHVENTURES – Website :www.madtechventures.com
About MAD Incubator Sdn Bhd
MAD Incubator is Malaysia’s leading and largest private incubator. Formed in 2009, MAD Incubator is an MSC Status Accredited Incubator. MAD Incubator specializes in incubation programs from ideation to business venture and business acceleration. Its mission is to develop 1000 entrepreneurs in Malaysia achieving USD1mil by 2015 and have every entrepreneurs equipped with the tools, skills, knowledge and know-how to navigate their business challenges.
To-date, MAD has incubated more than 80 business ventures and is supporting more than 300 companies through its Business Incubation and Coaching Program. It wants to democratize entrepreneurship by making entrepreneur assistance and incubation affordable for all entrepreneurs through MAD’s high value quality programs, mentoring, coaching and handholding services, as well as business facilities, networking opportunities, training workshops, facilitation on funding access, etc.