HLX becomes Malaysia’s first innovation exchange

KUALA LUMPUR: Hong Leong Group on Thursday announced the launch of its innovation exchange, the HLX, which aspires to grow the Malaysian tech start-up ecosystem with Malaysian Digital Economy Corporation (MDEC) as one of its strategic partners here at Menara HLA.

TheHLXwillbeaone-stopfacility which converges the corporate and start-up communities under one roof to accelerate innovation and boost the Malaysian startup ecosystem. This 250,000sq ft exchange located in the heart of Kuala Lumpur will feature a startup zone with co-working spaces, various event facilities including an auditorium, onsite Makers Lab, restaurants, and a gym.

This innovation incubator will be the focal point for collaborators vital to the growth of the ecosystem such as Venture Capitalists (VCs), mentoring and technology partners, tech start-ups/scaleups, andcorporations.HLXispositioned to focus on the innovation of high technology with an initial focus on Artificial Intelligence (AI)/High Performance Computing (HPC), fintech, and manufacturing tech.

“With HLX, we are bringing together the corporates and startups in a unique two-way exchange to give further impetus Malaysia's economy.

“On one hand, the start-ups will gainaccesstoacompleteinnovation ecosystem that will accelerate their transformation, enable innovation and help them scale-up on the value chain, while the corporates will get to engage with start-ups in a more meaningful and sustainable manner,” said Mohd Reezan Mohd Fadzil, General Manager of HLX.