Photo - Seedstars Kuala Lumpur winner is TapWay.
Malaysian startup TapWay has been voted the 'Best Startup of Malaysia' during the Malaysian regional leg of the Seedstars World 2014 competition for emerging markets and will now go to pitch at the World Final Event to be held at Speedsters' HQ, in Geneva, Switzerland.
During the award ceremony, TapWay's chief executive officer Lim Chee How said the customer analytics service shop owners secured the top position: "Seedstars World [SSW] is an amazing opportunity for us since we are looking to scale across Asia and globally. We guarantee we will take it to the next level in Geneva [in February]!"
Second and third place winners were Saora, a water cleaning tool powered by solar panels, and iKargo, a bidding platform for cargo providers.
SSW chief executive officer, Alisee de Tonnac, said: "Seedstars World will hold its worldwide competition every year and we are expecting to grow exponentially to all the corners of the world and put all the fast growing startup scenes on the map! Indeed, our goal is to create the network for quality entrepreneurs around the world and help entrepreneurs, accelerators/incubators, co-working spaces and investors to interact with one another."
Founded by Alisee de Tonnac and Pierre-Alain Masson, the competition, supported by the venture builder Seedstars SA, which held its first edition in 2013 across 20 cities, has to more than 30 countries this year.
Regional winners are invited to Geneva to pitch for an equity investment of up to US$500,000. The regional events feature up to 20 startups, which must prove their worth in six minutes of pitching time and withstand the questions from a local jury of experts and a Seedstars World representative.
MDeC supporting entrepreneurs
Mohd Shahriman Nazree Dato Hashim, manager of SEED Innovation Capital at national ICT agency Multimedia Development Corporation [MDeC], said "they are delighted Seedstars World came to Kuala Lumpur as we are currently laying out many programs to support entrepreneurs in Malaysia. We are convinced TapWay will be a tough competitor in Switzerland."
After the Singapore stop on 12 September 2014, SSW will continue to Jakarta, Shanghai, Sydney, Mexico City, Bogotá, Lima, Santiago, Buenos Aires and Sao Paulo.
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