Startups from Cyberview’s Living Lab Accelerator Programme
Showcase
Smart City Innovations During Demo Day
A
certification solution to prevent counterfeit products, a platform enabling
easier mortgage loan applications, a management system for co-working spaces, a
fitness device that helps users improve balance and core muscles, and a
platform that allows users the convenience of booking parking spots using their
smartphones. All of these solutions have one thing in common – plugging in for
five intensive months to the Cyberview Living Lab Accelerator (CLLA) Programme.
These five startups showcased their ideas and pitched their business
offerings to a group of ecosystem partners, venture capitalists, corporate
partners, and investors at the CLLA Demo Day. These startups, which consisted
of FinTech and IoT solutions providers demonstrated the workings of their ideas
and innovations as well as pitched their business models to propel their
offerings towards commercialisation.
“This latest cohort of the CLLA Programme is proof that there is a
myriad of ideas out there in the market at the tipping point of commercialisation,
which need the right push in the right direction in order to realise their
fullest potential. This is essentially the very reason why the CLLA Programme
was set up in the first place,” said Mohd Najib Ibrahim, Acting Managing
Director of Cyberview Sdn Bhd.
According to Mohd Najib, these startups which are presently working out
of Cyberview’s collaborative working space CoInnov8 have been given access to a
host of resources that they need to further advance their innovation in order
to make it market-ready.
“Our CLLA Programme is a large part of what Cyberview is doing in enhancing
the innovation ecosystem here in Cyberjaya. While there are many tech companies
here in the city, we recognise how the pace of technology is so swift that we
must also pay attention to all the latest innovations that are being churned
out. We are seizing opportunities with brilliant minds here today. They have
the ideas and solutions in elevating Cyberjaya into a smart city and we can
assist them in providing resources and facilities needed in their path towards
commercialisation,” added Mohd Najib.
The selected startups were provided with resources and facilities valued
at RM50,000 for each startup to be pilot and investment ready. These resources
and facilities included mentorship in areas such as marketing, legal, and IT as
well as leveraging a network of investors, entrepreneurs, and industry leaders.
“The unique proposition of the CLLA is that it supports startups with
solutions that feed into a smart city’s needs. There is always that question of
how we can improve Cyberjaya and meet the community’s demands, and it is clear
from the incredible progress that we are seeing from the participants this time
around that the CLLA is an ideal platform for them to grow their ideas into
game-changing enterprises while having the objective of making a positive impact on society,” said
Mahadhir Aziz, Head of Technology Hub Development Division, Cyberview Sdn Bhd.
Cyberview is collaborating with Finnext Capital to ensure that
participants are equipped with sufficient guidance and resources throughout the
duration of the accelerator programme. Finnext Capital is an innovation enabler
consulting firm which provides professional advisory to both corporations and
startups. It also develops an innovation ecosystem through strategic
partnerships, assists in capital funding, and connects startups to
opportunities through its regional-wide network. Finnext Capital has worked
with the previous cohort of the CLLA Programme.
A few of the startups from the previous cohort of CLLA Programme have
made progress in receiving funding and piloting their ideas. Alumni of the
programme, PrimeKeeper and TrackerHero have successfully raised a substantial
amount of funds for their respective businesses. As a result of the networking
and showcase sessions during Demo Day for the previous batch of startups of the
programme in March 2017, PrimeKeeper was introduced to the founders of D’Pulze
Mall and since then, has successfully brought 90 merchants operating in the
mall onboard their platform. The fintech startup is also collaborating with
merchants operating at the TSI Sports Arena.
Other programme alumni, TrackerHero and CurrenSeek have also piloted
their solutions in Cyberjaya since the showcase.
The current cohort are also making strides through their participation
in the recent 5-month accelerator programme. The five startups are fintech
players LuxTag and MHub; and IoT solutions providers Campfyre, TechCare
Innovation, and AppCable.
LuxTag has recently raised substantial funding from both the NEM
community fund and PlaTCOM Ventures, the national technology commercialisation
platform. LuxTag has also started exploring business opportunities with a
company in India. IoT solutions provider TechCare Innovation has increased
their revenue significantly and has officially expanded its offerings in China;
Appcable is preparing to raise funds for its parking mobile application via an
equity crowdfunding (ECF) platform; Campfyre has formed a partnership with the
co-working space alliance; and MHub has successfully expanded their user base - connecting with corporations like MRCB and
Setia Haruman for potential collaboration through the accelerator programme.
“We are glad to see progress among the startups when it comes to
commercialising their businesses. Ultimately, we want to facilitate the growth
of these startups, and we hope that these solutions will be deployed in other
parts of the country after being piloted here in Cyberjaya,” said Mohd Najib.
On top of Demo Day which saw the five participants of the CLLA Programme
showcase and pitch their ideas and business models; a session was also
dedicated to another set of startups for a pitch-off session, where startups
aimed to out-pitch one another in front of potential ecosystem partners, angel
investors, and venture capitalists.
Strategic partners of the day’s events which consisted of the Pitch Off
Session and the Cyberview Living Lab Accelerator Demo Day were the Malaysia
Digital Economy Corporation (MDEC), Malaysian Global Innovation and Creativity
Centre (MaGIC), Malaysian Business Angel Network (MBAN), and Setia Haruman.
About the
Cyberview Living Lab Accelerator Programme Startups
1 LuxTag is a Blockchain
startup built on NEM Blockchain technology and its solution is a
real-life-notarization certification solution to prevent counterfeit (proof of
authenticity), theft (proof of ownership), and to offer big-data to brands
which is implemented on the Blockchain following the life of the product.
MHub is a comprehensive
real-estate fintech platform for property developers, agents and bankers to
connect, communicate and collaborate towards faster, higher sales conversion.
To-date, it has processed more than RM100 million mortgage loan through its
platforms and is working with notable property developers.
Campfyre is an IoT startup
which helps co-working spaces to automate and manage their places for faster
growth, sales and simpler management.
TechCare Innovation is an award winning
company that develops smart portable fitness and rehabilitation devices to
empower people and improve their quality of life through exercise. Their
product FIBOD is a smart fitness balance device which allows users to improve
their balance, coordination, and core muscles by training with virtual reality
games and intelligent programmes.
AppCable is a mobile app
development company which owns JomParking, an app that allows users to pay
parking using their smartphones. At the moment the app is used by more than
49,000 people within DBKL, Majlis Perbandaran Jasin, Melaka and Majlis
Perbandaran Tawau, Sabah.
About Cyberview Sdn Bhd
Cyberview has been at the forefront of Malaysia’s development as a
technological hub since its inception in 1996. Starting out as the developer of
Cyberjaya, it has grown from strength to strength, until maturing into its
current role as an enabler of global tech hubs. For more information, please
visit http://www.cyberview.com.my/.
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