VR technology solution provider Inspace XR has taken out the first prize in the highly sort after inaugural Create@Alibaba Cloud startup contest in Australia and New Zealand.
The Create @ Alibaba Cloud Startup Contest is a pitching competition that is held around the world and the final of the first ANZ competition was recently staged in Sydney.
Organised by Alibaba Cloud, the cloud computing arm of China’s largest company Alibaba Group in partnership with Haymarket HQ , Australia’s first start-up hub supporting entrepreneurs to grow into Asia, the event was heavily contested.
VR Technology specialist takes out inaugural ANZ Alibaba competition Held at Haymarket HQ the inaugural event saw eight finalists from Sydney, Melbourne, Canberra and New Zealand pitch ideas ranging from a consumer cancer portal, marketing automation solutions, and a workplace safety solution using AR.
In a tight run competition Inspace XR was crowned the ANZ Division Champion after impressing the judges with its vision and VR technology solution, as well as market competitiveness.
Justin Liang, Inspace XR CEO and co-founder, said Inspace XR demonstrated value in enhancing and powering the real estate, design and engineering industries.
“At Inspace XR, our vision is to enable the building industry to create superior real estate for people through VR/AR technologies. We’re thankful to Alibaba Cloud and Haymarket HQ for backing that vision and are very proud to be representing Australia/New Zealand in the Shanghai Finals.”
Investors may be interested to know that VR technology solution provider Inspace XR has taken out the first prize in the highly sort after inaugural Create@Alibaba Cloud startup contest in Australia and New Zealand.
Inspace XR is about to being its Seed investment round.
As the ANZ Division Champion, Inspace XR will receive:
• US$ 50,000 credit for cloud product resources from Alibaba Cloud;
• Round-trip ticket to the 2017 CACSC Final in Shanghai, China;
• Access to Alibaba Group investment programmes and recommendations;
• Opportunities to receive training on scaling a business successfully before the World Championship Finals;
• Direct access to well-known investors in China; and
• Complimentary access to coworking space at Haymarket HQ
Second and Third places were awarded to Questagame and Pascal51, who each received US$10,000 Alibaba Cloud International Credits and co-working space at Haymarket HQ.
Create@Alibaba Cloud aims to champion startups in the region by leveraging Alibaba Cloud technologies and cloud resources, as well as the growing cross border start-up ecosystem,” says Raymond Ma, Alibaba Cloud ASEAN and ANZ head.
“It also offers candidates exposure to top investors and valuable insights in pursuing opportunities in China.
“The calibre of talent in Australia and New Zealand is both inspiring and impressive. It’s been a pleasure to expand the Create@Alibaba Cloud programme to the A/NZ region this year for the first time and we look forward to continuing our support of startups in this market,” he added.
Duco van Breemen, Haymarket HQ general manager, said it was exciting to have had some of ANZ’s best startups pitch and play a role in their expansion into Asia through the Create@Alibaba Cloud Startup Contest.
“Haymarket HQ’s mission is to support startups connecting to Asia, and initiatives like CACSC act as springboards into the region. We can’t wait to see what the future beholds for the winners.”
Inspace XR and Questagame will be invited to the Global Final to be held in Shanghai on October 13, where they will join other participants from around the world to pitch in front of prominent global investors, and expand their networks beyond A/NZ.
The Global Finals of the competition recently concluded and 27 pitches later and the results were:
- HistoWiz – A group of Harvard PhD’s applying Deep Learning to find a cure for cancer
- SIDA – A Silicon-Valley based AI startup solving for Lung Cancer
- Chinese Underwater Drone company.