- Midwest Composites may compete for the US$ 1 million royal prize.
- Company will angle in front of international investors, network with leading VCs
The Malaysia Finals of Startup World Cup 2024 coincided with Malaysia’s Merdeka and Malaysia Day celebrations, reflecting the country’s aspirations to become a leader in the global startup ecosystem by 2030, as outlined in the Malaysia Startup Ecosystem Roadmap ( SUPER ) 2021-2030.
A total of ten high-potential startups, selected from a dynamic pool, presented their enterprise solutions across sectors such as learning technology, healthcare, clean energy, agriculture, and online platforms. These winners, chosen for their impressive techniques and market-ready options, impressed a panel of judges, including business leaders and owners from MDEC, The Hive Southeast Asia, Iris Capital Partners, Artem Ventures, Ignite Asia, MRANTI, and Sunway iLabs.
” Growth Charger is pleased to announce that Midwest Composites has won the Startup World Cup ( Malaysia ) 2024. Their success is a bible to the company ecosystem’s ability and creativity in Malaysia. As they head to Silicon Valley this October, we believe they will make a strong impact on the global stage and compete for a US$ 1 million ( RM4.35 , million ) investment.  , We are glad to Pegasus Tech Ventures,  ,  , administrator of Startup World Cup 2024, and our colleagues for making this trip possible”, said Iskandar Shafi’i, producer and co-founder of Development Charger.
Sethu Raaj, CEO of Midwest Composites, said,” We are glad to have been selected as Malaysia’s official to the Startup World Cup in San Francisco. We look forward to demonstrating to the earth that Malay startups are world-class and have inventions that are comparable to those in any world ecosystem.
However, Norman Matthieu Vanhaecke, Group CEO of Cradle, said,” We are glad to help the skill and creativity demonstrated by our local companies at the Malaysia Finals of this year’s Startup World Cup. We at Cradle continue to look into ways and opportunities to display some of our top Malaysian businesses on the global stage, such as this Startup World Cup. These initiatives reflect our commitment to fostering and enabling these initiatives to realize their full potential both locally and globally, helping the nation achieve its goal of being one of the top 20 global company communities. Midwest Composites receives our sincere congratulations and wishes them the best of luck as they prepare to compete in San Francisco’s royal finals.
The event was supported by numerous key ecosystem players, including Cyberview and MDEC as strategic partners, WORQ and CloudMile as ecosystem partners, and supporting partners such as Invest Selangor, The Hive Southeast Asia, Gobi Partners, Iris Capital Partners, Curine Ventures, Kumpulan Modal Perdana ( KMP), Artem Ventures, Sunway iLabs, Ficus Capital, Ignite Asia, Indelible Ventures, TRIVE, Antler, International Medical University ( IMU), Endeavor, JomHack, NTT Group, NTT Startup Challenge, and Nestspace.
Shafinaz Salim, brain of Cyberview’s Tech Hub Development Division, said,” The Startup World Cup Championship is a testament to the amazing talent and vision of companies who are shaping Malaysia’s potential. We are thrilled to see Midwest Composites, a startup from our current Cyberview Living Lab® Accelerator ( CLLA ) cohort, emerge as the champion. We would also like to thank Vidanex and Faradays Energy, even from our present group, along with two of our students, Pandai and MengajiOnline, for making the list of winners. This success highlights their extraordinary skill and entrepreneurial spirit, underscoring the importance of supporting and nurturing them in their potential as Malaysia’s “next rainbows”
To promote a vibrant startup habitat in Malaysia,” CloudMile and Growth Charger work together.” With the goal of promoting the Malaysia business field, we provide the resources and tools they need to succeed. Madani Malaysia”! said Lester Leong, Country Manager of CloudMile Malaysia.
The Startup World Cup is a worldwide competition that connects company communities all over the world. The Malaysia Finals of the Startup World Cup 2024 represent a significant phase in Malaysia’s quest to become a global technology superstar because local championships are held abroad.  , Growth Charger, a company pedal and embryo, hosted the Malaysia Finals, with Cradle Fund Sdn Bhd as the Title Partner. The Asia School of Business ( ASB ) hosted the competition.
For more details about the Startup World Cup Malaysia Finals 2024, please visit: https ://www.growthcharger.com/startup-world-cup-malaysia-growth-charger-…