By Digital News Asia September 2, 2022
- Received more than 150 applicants for its SEADragon Series
- Top 20 M’sian tech scaleups who will make final pitch at the event
Pikom’s Venture Investment Chapter has released the top 20 Malaysian tech scaleups companies set to present their final pitch next month at the World Congress on Innovation and Technology 2022 (WCIT 2022) Malaysia in Penang.
In a statement Pikom said the SEADragon Series which it organised has received over 150 applicants from the tech startups and scaleups space, looking for investments, growth, and global market expansion.
Pikom chairman Sean Seah, who also chairs the Venture Investment Chapter said Pikom, along with SEATech Ventures Corp, GreenPro Capital Corp, Malaysia Digital Economy Corporation (MDEC) and a number of local startup and scaleup ecosystem partners have carefully assessed each participant.
“What we hope to achieve is to prepare and bring these top 20 Malaysian tech companies to Penang and they get to pitch to the tech VCs and investors at a global platform such as WCIT 2022,” he said.
Currently, all 20 companies are undergoing mentoring sessions to prepare themselves to impress investors. These startups include AngkasaX Innovation, Best2Bid Technology Sdn Bhd, Cortex Robotics Sdn Bhd and Cult Creative.
Other companies who will be participating are Emerging Payment Sdn Bhd, IHeal Medical Group, iMotobike, JOCOM, Kabel, Magnus Games Studio, MDT Innovations Sdn Bhd and OrangeFIN Asia, among others, Pikom said.
CS Chin, chief executive officer of SEATech Ventures Corp, said the company is proud of the startups that have made it this far.
“They are bright, with very innovative ideas and we are working hard to prepare them to hit the global market, face tough global investors and build their confidence,” he added.
MDEC, as the strategic partner of SEADragon, said it believes that the digital economy ecosystem which consists of a strong digital infrastructure, robust policy, and regulatory frameworks, skilled and knowledgeable digital talents, and strategic collaborations, make Malaysia a viable location for global unicorns to land and expand regionally.