PETALING JAYA, Malaysia, Oct. 2, 2018 /PRNewswire/ -- How to thrive in the age of constant digital disruption? How can young startups forge their own path?
Answers to these questions and more were found at the much-anticipated Malaysia Rice Bowl Startup Awards 2018 that was held on 28th September at the Oasis Discovery Centre in Ara Damansara, Selangor.
Organised by the New Entrepreneurs Foundation Malaysia (myNEF) and now into its fourth year, the Malaysia Rice Bowl Startup Awards is the platform for recognising young startups disrupting old processes and industries.
A brainchild of myNEF, the awards recognise breakout startups in the country that harness digital technology, and celebrate rising tech entrepreneurs in various categories of excellence ranging from retail, media, digital, tech, products, services and innovative campaigns to women and social enterprises.
myNEF believes businesses can grow fast and be sustainable when they harness technology and knowledge.
It plays a significant role in bridging industry players and the government, working closely with various agencies and government-related organisations to support existing and upcoming entrepreneur development programmes.
The Malaysia Rice Bowl Startup Awards and ASEAN Rice Bowl Startup Awards are among myNEF's signature programmes.
The Rice Bowl Award (Rice Bowl) is beneficial to both the Malaysian startup and ASEAN startup ecosystems as it connects and empowers the ASEAN Economic Community to power up their local economies with startups and scaleups.
YB Tuan Gobind Singh Deo, Minister of Communications and Multimedia commented, "I am extremely happy to hear that Malaysian Startups are accelerating faster than ever, and we hope that they become a significant contributor to our nation's GDP and growth, and also become a significant type of business that employs and cultivate cutting edge talent and become a key source of employment."
Rice Bowl recognises innovation, excellence and best practice in startups and ecosystem players across ASEAN, as well as celebrates the ASEAN community's spirit of diversity in entrepreneurship to solve local rice bowl issues that are replicable across the region.
It also recognises the excitement, risk and hard work involved in developing a startup and the influence each person has on driving the success of their company.
myNEF believes that by celebrating startups, together they can solve the diverse local rice bowl issues faced by each country across Southeast Asia. This will ultimately benefit Malaysia and subsequently ASEAN as a region.
According to the Chief Executive Officer of myNEF, Lilyana Abdul Latiff, "With over 50 nominations for Founder of the Year, and over 70 nominations for Startup of the Year at this year's Rice Bowl Startup Awards - I think Malaysia's Tech Startup Ecosystem has matured rapidly in the past 3 years. It is a testament to the developmental investments and programmes by the Malaysian government, private sector support and independent initiatives. For a modest market size, we should be on track to produce Malaysian-based 'Unicorns' within the next few years."
The categories of the Malaysia Rice Bowl Startup Awards 2018 are Star Awards (Startup of the Year, Founder of the Year, Best Newcomer, People's Choice); and Industry Awards (Best Fintech, Best Health/Med Tech, Best Food & Agri Tech, Best e-Commerce, Best Logistics & Supply Chain, Best Business Automation Tool, Best Life Helper).
The other categories are Ecosystems Awards (Investor of the Year, Best Accelerator/Incubator Programme, Best Ecosystem Initiative, Best Co-working Space); and Cross Sector Awards (Best Digital Marketing, Best AI/Machine Learning, Best IoT).
National award winners will proceed to compete at the regional ASEAN Rice Bowl Startups Awards 2018 to be held in Bali, Indonesia, in December, which highlights model entrepreneurship and inspires a dynamic community of startup enthusiasts, serial entrepreneurs, policymakers and diverse mentors in tech innovation.
Regional winners at the four-day ASEAN finale will benefit from partnership opportunities, media exposure, regional and global networking as well as funding from investors.
The Rice Bowl Community consists of 3,372 alumni from 10 ASEAN countries and connects with the Global Startup Awards.
The Rice Bowl has a total of US$108.4 million pledged investments from 2015 to 2017 as well as over 17,000 social media followers and five million media reach.
For more information about Malaysia Rice Bowl Startup Awards 2018, visit http://ricebowlawards.com/
CATEGORY
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WINNER |
WINNER DESCRIPTION |
RICE BOWL JUNIOR
An app-developing competition that ran across the Southeast Asian countries for students below 18 years old.
The competition runs in parallel with a program called Technovation.
Technovation offers girls below 18 years old around the world the opportunity to learn the necessary skills to become tech entrepreneurs and leaders. |
ZERO BULLY BY IHU |
Zero Bully is an app that aims to educate the community, adults and children about bullying and in doing so, to reduce the case of bullying at school in particular.
The app provides informative links and assistance to the users. Users also able to write a report of an incident into a central database, and will be submitted as public (anonymous) or private
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Best Digital Marketing Solution
For the startup that was the best at developing tools that are used by organizations to improve digital marketing, customer experience and sales conversion.
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SushiVid |
SushiVid helps brands launch and manage influencer marketing campaigns at scale through their content management software |
Best AI / Machine Learning Startup (AI is Artificial Intelligence)
A startup that was the best at developing powerful application of deep tech / artificial intelligence / big data to reinvent how business and societies develop solutions to previously unsolvable problems.
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Hyperlab
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Hyperlab automates sales and support for visionary enterprises with their leading Conversational AI and RPA technology. |
Best IoT Startup (IoT stands for Internet of Things)
A startup that was the best at developing a product embedded with electronics, software, sensors, and internet connectivity enabling efficient data collection and exchange.
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Jom Parking
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JomParking is a quick and convenient way to pay for parking platform.
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Best Life Helper Startup
For the startup that was the best at developing tools that works virtually to "get things done" for people and consumers -- so they can get back valuable time to spend with family and friends, giving the healthy work-life balance that people aim for, and also celebrate digital innovations that improves the world around us.
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Vidi
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Vidi is a visual discovery platform that helps travellers see and book amazing experiences for their next holiday |
Best Business Automation Tool
For the startup that was the best at developing tools, software, or devices that help companies and organizations to cope with changing markets, ensure a competitive position and improve business performance and productivity.
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RunCloud
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RunCloud is a modern control panel to help web developer managing multiple cloud hosting and web deployments easily.
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Best Logistic & Supply Chain Startup
For the startup that was the best at disrupting traditional business models and impacting productivity and efficiency in logistics and supply-chain (via storing or movement of goods) by using online, communication or mobile technology.
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Zoom
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Zoom is a technology based on-demand delivery platform for e-commerce businesses that requires last mile fulfilment |
Best e-Commerce Startup
For a startup that was the best at developing innovative business solutions through online or mobile merchandising, sourcing, distribution, logistics, marketing and/or retail.
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Tripfez Travel Sdn Bhd
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Tripfez offer Muslim friendly travel solutions all over the globe.
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Best FoodTech / AgriTech Startup (Agritech is agriculture tech)
A startup that was the best at developing a product/service that uses technology to improve agriculture and food production, supply chain, distribution channels and consumption.
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STIXFRESH
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Stixfresh is a sticker that can prolongs the shelf life of fresh fruits which indirectly can reduce fruits wastage.
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Best HealthTech Startup
A startup that was the best at developing a product/service that uses technology to keep people (or animals) healthier and/or improve the ability to diagnose and treat illness.
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MEDKAD
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MEDKAD provide a Medical Benefits Automation Systems for companies to efficiently manage their staff medical benefits.
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Best Fintech Startup (Fintech is Finance Tech)
A startup that was the best at developing a product/service/technology in the delivery and/or infrastructure of financial services.
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CurrenSeek
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CurrenSeek is a platform connecting money services to travelers to make money changing & remittance convenient & secure
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Best Coworking Space
For the co-working space that deserves the recognition for its services, support and resources to fast-growth tech startups, and for creating a culture and environment that fosters innovation.
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PAPER and TOAST
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PAPER + TOAST is the first coworking space in Malaysia. Established in 2010, their aim is to serve as a one stop community platform for talents, entrepreneurs and startups to get together.
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Best Ecosystem Initiative
For the organisation (not including co-working spaces or accelerator programs) initiated by individuals, community building organisations, corporates and/or government that has proven to support entrepreneurs and tech startups.
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Malaysia Digital Economy Corporation (MDEC)
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Malaysia Digital Economy Corporation (MDEC) is the lead agency in driving the digital economy in Malaysia.
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Best Accelerator or Incubator Program
For a fixed-term, cohort-based, mentorship-driven program, this program helps and empowers entrepreneurs to foster the growth of their innovative companies by providing tools, resources, connections, knowledge and expertise.
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MaGIC Global Accelerator Program (GAP) |
MaGIC GAP is a programme to accelerate global startups to be investment-ready in 4 months and build a strong startup community in ASEAN.
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Investor of the Year
For an individual or company that has displayed the best investment acumen over the last year. This could be in the form of a successful exit, early investment of a notable startup, or realization of an earlier investment.
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Andrew Tan
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Andrew Tan is a serial entrepreneur and an all-rounder venture capitalist. He is now at helm of a venture capital firm and a private equity firm with a pool of funds totalling USD50 million.
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People Choice
A startup with a huge fan-base for their product or service. They got the most accumulated votes throughout the national public voting round.
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11tune
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11Tune is a total music solution platform that connects composers with users in just a few clicks.
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Best Newcomer
For the startup with up to 2 years of age (or from incorporation) that has shown the greatest development over the last year based on growth, innovation and impact with their product/service.
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Dropee
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Dropee is a B2B marketplace that brings together suppliers and retailers on a single platform.
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Founder of the Year
For the person who is an inspirational leader for thier startup. They are astute in business, has strong leadership skills, and a skilled promoter. They make running their business look easy, and their team, partners and customers are inspired by their vision.
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Lennise Ng
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Lennise is the Miss Chief (CEO) of Dropee She kickstarted her entrepreneurship journey during college years by starting her own talent management company.
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Startup Of The Year
For the startup that is above the rest of the competition, in terms of user or customer acquisition, or sales or profit projection and is likely to be bought by Facebook or Google or Ali Baba for millions. |
carsome
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Carsome, Southeast Asia's leading and fastest growing online used car platform.
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For media enquiries, kindly contact:
Safwan Zahari
+60.19.480.3132
safwan@mynef.com
About the New Entrepreneurs Foundation
New Entrepreneurs Foundation (myNEF) is a non for profit organization that focuses on creating and developing sustainable entrepreneurs via strategic developmental programs. We design and cater our programs with the entrepreneur in mind, ensuring them to achieve their business goal. For more information, visit www.myNEF.com | facebook.com/myNEF.Foundation
"We believe businesses can grow fast and be sustainable when they harness technology and knowledge"
About the Rice Bowl Startup Awards
Rice Bowl (the ASEAN Rice Bowl Startup Awards) seeks to connect and empower the ASEAN Economic Community to power up their local economies with startups and scaleups. Organised by the New Entrepreneurs Foundation (myNEF) since 2015, Rice Bowl has been the official Southeast Asian circuit of the Global Startup Awards since 2016 and is now in its fourth year. A showcase of Southeast Asia's best, Rice Bowl rewards innovation, excellence and best practice in startups and ecosystem players across ASEAN. Rice Bowl also celebrates the ASEAN community's spirit of diversity in entrepreneurship to solve local rice bowl issues that are replicable across the region. In addition, it recognises the excitement, risk and hard work involved in developing a startup and the influence each person has on driving their company's success. myNEF believes that by celebrating startups, together they can solve the diverse local country rice bowl issues faced by each country across Southeast Asia. The Rice Bowl community comprises 3,372 alumni from 10 ASEAN countries and connects with the Global Startup Awards. Rice Bowl has a total of US$108.4 million pledged investments from 2015 to 2017 as well as over 17,000 social media followers and five million media reach. For more information, surf to http://ricebowlawards.com/
