Friday, July 21, 2017 — Kuala Lumpur, Malaysia, June 1st 2017 - Seedstars World, the global seed-stage startup competition for emerging markets and fast-growing startup scenes brought its Malaysia round to a successful close during Seedstars Kuala Lumpur. The event took place on Thursday the 20th of July in the Khazanah Innovation Centre, and the 8 selected startups were invited to present their ideas in front of the local jury panel.
The local winner, PolicyStreet, with its focus on curating easily understandable insurance policies for groups, was selected as the most promising tech startup in Malaysia. PolicyStreet will be participating at the Seedstars Summit, taking place in Switzerland in April 2018, a week long boot camp program with the opportunity to meet the other 75 local winners from around the world, as well as international investors and mentors. The final day of the Summit will be dedicated to pitching in front of audience of more than 1’000 attendees to compete for up to 1 million USD in equity investments.
UMAI with its restaurant operations software came in second, and CheQQme, with a creative gamified offering of converting online customers into offline store traffic, grabbed the last spot in the top 3. The other startups invited to pitch were Bawa Cane, Moneymatch, Moovby, Pasartap, and VieXas.
The 8 startups pitched in front of a prestigious jury made up of Hassan Alsagoff from Mountain Partners Malaysia, Mohd Ridzwan Nordin from Khazanah, Joseph de Leon from Gravitas Prime, Juliana Jan from Cradle, Rebecca Kux from 500 Startups, and Rosie Keller from Seedstars.
Seedstars co-organized the event with Khazanah, and further support in engaging the local ecosystem was provided by Cradle, MDEC, MaGIC, the Fintech Association of Malaysia, Grab and the Vulcan Post. The event attracted interest from over 80 startups who applied, and over 200 attendees on event day.
Continuing on its world tour of startup scenes in emerging markets, Seedstars World’s next stop is Seoul to select the most promising tech startup in Korea. Seedstars World is looking for innovative startups that solve regional issues and/or develop profitable products for the global market.