Seven local startups selected to join Cyberview Living Lab® Accelerator Programme's 18th Cohort
Article reposted from Digital News Asia. View the original article here
Seven local startups selected to join Cyberview Living Lab® Accelerator Programme's 18th Cohort
Cyberview’s Living Lab Accelerator (CLLA) Programme has selected seven local startups that are looking to accelerate their business development and growth to commercialise innovations for smart cities. This includes technologies such as artificial intelligence (AI), Industrial Internet of Things (IIoT) and robotics as well as digital and data-centric solutions for smart and green living, among others.
The selected startups are MengajiOnline, NexoPrima, MindnRobotics, Solvnex, SmartPeep, Bual Design, and BriqBloq.
According to Cyberview, these companies are undergoing a five-month programme designed to support their research and development, with a focus on achieving Product-Market-Fit, to ensure meeting market demands. They will also have the opportunity to network and connect with relevant industry experts domestically and internationally, supported by Cyberview.
Shafinaz Salim (pix), Head of the Technology Hub Development Division at Cyberview, said,
"In line with the Madani Economy Framework, Cyberview supports the government’s commitment to startups through the Cyberview Living Lab Accelerator programme. As one of Malaysia's longest-running accelerator programs, we have seen many alumni making significant contributions to Cyberjaya's tech ecosystem and the country’s digital economy."
She added, "We are always on the lookout for solutions employing the latest technology, such as generative AI and robotics. We will continue to support these companies, not only for testing their solutions in Cyberjaya but also in expanding into new markets."
Startups under the 2024 cohort will enjoy incentives over US$21,000 (RM100,000) per startup throughout the programme, including rent-free workspace at Colnnov8 - Cyberview’s soft landing zone, business advisory, and mentoring to develop viable business models and gain market access. At the end of the five-month period, the startups will pitch and showcase their solutions at a Demo Day to potential investors, partners, and the media.
The CLLA programme has nurtured over 98 startups, attracted investments exceeding US$53.7 million (RM255 million) and generated over US$167 million (RM792 million) revenue over the past decade. Additionally, the programme has created more than 1,400 jobs.
Successful alumni include TheLorry, MoneyMatch, Medkad, MHub, Supagene, Monsta, BillPlz, and Trackerhero.
The CLLA program offers a platform for funding, partnerships, market validation, market access, and commercialisation, whether harnessing the power of technologies or creating solutions to address pressing challenges.
