Any cash award and equity investment for the top three (3) placed teams (Champion, 1st Runner-up, 2nd Runner-up) are conditional on the team incorporating a Malaysian private limited company (Sdn. Bhd.) with at least one (1) Malaysian director. Incorporation is a condition precedent to receiving any cash award or investment.
If a qualifying team is not incorporated at the time of award, it must register a Malaysian Sdn. Bhd. within 90 calendar days of award notification and complete standard onboarding for any equity investment within a further 60 days.
Equity terms (instrument, valuation, governance) will be set out in a separate investment agreement consistent with prevailing market terms for seed-stage capital in Malaysia. Failure to complete equity onboarding within the stated window forfeits the equity component only; it does not affect the cash award.