Malaysia Digital Economy Corporation brings BetaPitch startup competition
MDEC, Malaysia-based digital agency under the Ministry of Communications and Multimedia Malaysia confirmed to bring the global pitch competition BetaPitch to Kuala Lumpur on November 7, 2018. MDEC works alongside betahaus, a Berlin-based co-working space and will kick off with hosting Launchpad to Europe workshop.
MDEC mentioned its plan to further the Asian startup ecosystem through the startup competition that is taking place in 12 countries, including in its first Southeast Asia country Malaysia.
“MDEC has decided to host the first BetaPitch competition with betahaus in Southeast Asia. We believe the partnership with betahaus will help smoothen the way for Southeast Asian startups to enter the German and European markets and allow them to leverage upon betahaus’s network and expertise,” said Norhizam Abdul Kadir, Vice President of Growth Ecosystem Development at MDEC.
The startups who join the competition will stand a chance to have a trip to Berlin on November 15, 2018 to attend the Investor Day, and to pitch and compete against the global startup finalists from each local competition. There will be sessions like business matching, investor speed dating, and networking sessions.
The prize money at stake is EUR5,000 (US$5,600), followed by a trip to the Silicon Valley, a free co-working space at Berlin-based co-working hub betahaus for a month, and assistance for market access through betahaus’ European network.
“We’ve watched the startup ecosystem in Malaysia over the last 2 years, and the region is an attractive first point of entry for startups looking to enter SEA. With the help of startup support programs like the ones MDEC is organising, it should be simpler than ever for our German community to expand into the region and vice versa,” said Maximilian von der Ahé, Founder of betahaus.
Earlier this year, MDEC had signed two memorandums of understanding (MoUs) with betahaus and Startup AsiaBerlin (SUAB) in Germany, with the purpose of accelerating the cross-market penetration by businesses and entrepreneurs between the two countries.
The BetaPitch Competition in Kuala Lumpur is now open for registration.