by SYAHMIE FAYYADH JAAFAR / pic by TMR FILE
SUNWAY iLabs and the Japanese External Trade Organisation Kuala Lumpur (Jetro KL) have selected five startups to go through a Digital Transformation Acceleration Programme.
They each have a chance to receive a full grant from Sunway to fund a pilot project.
The programme will give all five entrepreneurs the opportunity to pitch their ideas to a larger network of local and regional venture capital funds, investors, industry experts, and corporations to secure funding or partnership opportunities.
They will be able to test their solutions at Sunway City’s Sunway iLabs facilities, while also networking and gaining traction within the area’s broader ecosystem of startups and multinational enterprises.
This cohort’s startups span five verticals, namely fintech; business software as a service (SaaS); digital health; carbon neutral; and agri-food tech.
The startups are Bee Informatica Ltd Inc is a microfinancing startup that utilises psychometric assessments with a focus on women business owners in Malaysia, while Samaira Co Ltd is a Japanese cartoon and animation platform with anti-piracy and content protection utilising blockchain technology.
Scala Inc develops an agricultural production database to provide real time farm process monitoring for farm managers and Suncreer Inc develops, manufactures, and distributes smart Nexus®care, a privacy-conscious artificial intelligence monitoring system that helps older individuals avoid bone fractures.
Lastly, TBM Co Ltd is a startup that manufactures and distributes LIMEX, a limestone-based plastic and paper alternative.
Sunway iLabs Ventures Head Dr Melissa Foo said the company saw tremendous potential in the shortlisted startups.
“Not only are they leveraging technology to provide innovative solutions in their respective industries, they are also empowering communities, improving lives and reducing negative impact to the environment. We look forward to working with them,” she said in a statement yesterday.
Jetro KL director Yuhei Enguchi said the accelerator programme has resulted in numerous success stories, ranging from networking and pilot initiatives inside the Sunway ecosystem to establishing a presence in Malaysia.
Meanwhile, Sunway Group Chief Innovation Officer and Sunway iLabs Director Matt Van Leeuwen said they want the entrepreneurs to use this opportunity to do extensive market research, test their solutions, and find product or market fit in this diverse region.
“We are confident that the Sunway ecosystem has the right ingredients for the startups to do just that and propel their growth across Malaysia and Southeast Asia,” he added.
During the six-month programme, the chosen startups will have the opportunity to meet potential business partners, participate in workshops, network with Sunway’s 13 business divisions, and make use of the Sunway City Kuala Lumpur ecosystem.
Additionally, Jetro KL will assist them in establishing connections with government organisations, providing incentive information, and obtaining support services, among others.
The programme aims to accelerate Japan’s digital transformation and open innovation in Southeast Asia.