Cyberview accelerator plan focuses on fintech, robotics
KUCHING: Cyberview Sdn Bhd, the company leading Cyberjaya’s transformation into a Global Technology Hub, has shortlisted five startups to participate in the latest installment of the Cyberview Living Lab Accelerator ( CLLA) Programme.
The five startups have been working out of CoInnov8, Cyberview’s collaborative smart city space for a little over a month now and will be plugging in four more months of intensive work under the programme.
“The latest installment of our accelerator programme is testament to the success of the past installments. For example, the Demo Day which was held in October of last year saw satisfactory response from ecosystem partners, venture capitalists, and corporate partners towards the last cohort of the programme.
“In fact, the amount of funds raised by the previous cohort comes up to RM12.28 million,” said managing director Mohd Najib Ibrahim.
The Demo Day is held at the tailend of every CLLA Programme in order to provide the opportunity for startups to demonstrate their ideas and innovations as well as
The latest installment of our accelerator programme is testament to the success of the past installments. For example, the Demo Day which was held in October of last year saw satisfactory response from ecosystem partners, venture capitalists, and corporate partners towards the last cohort of the programme. Mohd Najib Ibrahim, CLLA managing director
pitch their business models to the ecosystem players. This is aimed at further propelling their businesses towards commercialisation.
According to Najib Ibrahim, Cyberview has been focusing on the areas of Fintech and the Internet of Things ( IoT) for the past two installments of the programme, but have decided to also open up to startups in the area of Robotics this time around.
This is in tandem with the market’s increased appetite and attention towards these three areas, especially with Robotics being one of the focal points for innovation leaders making strides to build out the vision of Industry 4.0.
“Fintech has seen tremendous growth in the past few years, with global Fintech investments hitting new record levels every year. In the middle of this is blockchain, which is expected to be the future of financial infrastructure.
“For IoT, the Malaysian market itself holds so much potential – according to the Malaysia National IoT Strategic Roadmap, the initial economic potential for the country in this particular area will be RM9.5 billion GNI creation by 2020 and is expected to experience exponential growth to reach RM42.5 billion in 2025.
“We have also decided to include Robotics this year as it is one of the most important areas in emerging technology with research stating that the global industrial robotics space is expected to reach USD40 billion by 2020.
“This solidifies even further how we need to move in line with global and regional trends,” added Najib.
“Hence, we are very excited with the recent announcement by our Prime Minister of reviving Malaysia’s Multimedia Super Corridor ( MSC) plan.
“Tun Mahathir had a solid vision for Cyberjaya 21 years ago, and with the city planned for a full MSC status now, we believe this would enhance our current and future initiatives even more with the ultimate aim of transforming Cyberjaya into a Global Technology Hub.”
Finnext Capital is the programme manager, working with Cyberview for the second time to ensure that the startups are equipped with sufficient guidance and resources throughout the fivemonth period.
Finnext Capital is an innovation enabler consulting firm which provides professional advisory to both corporations and startups.
The five startups participating in the latest installment of the CLLA Programme are Fintech players EPC Blockchain, MEDKAD, and CheQQme; IoT solutions provider Touchless; and Ideasparq Robotics, an automation company which provides robotics solutions.