This fully physical hackathon will be open to Malaysian residents where participants who are interested in joining should form a three-member team and choose one problem statement to solve.
HLB said that participants are expected to create unique and personalised customer experiences that exploit the full potential of what the metaverse has to offer to drive increased customer engagement and stickiness.
The top forty teams who make it to the semi-finals will have the chance to work with and be mentored by senior executives from HLB, Malaysia Digital Economy Corporation (MDEC), Malaysian Research Accelerator for Technology & Innovation (MRANTI), Malaysian Business Angel Network (MBAN), CRADLE, JomHack Malaysia and potentially other key players in Malaysia’s Metaverse space as well.
Selected finalists will have the opportunity to present their prototype to a panel of Hong Leong Bank senior executives as well as judges from the digital and fintech industries.
From a total of 10 finalist teams, the winner will receive RM10,000 cash along with a trophy and a winner’s certificate, followed by RM5,000 and RM2,500 for the first and second runners-up, respectively. There will also be a RM500 consolation prize given to the remaining seven teams.
Finally, there is also RM500 in the form of special awards for ten special categories of winners.
The bank added that promising individuals or teams may be offered career opportunities at HLB or be invited to co-develop their prototype into a minimum marketable product (MMP).