Technology – Page 20

MDEC’s FOX programme hits the spot for Respond.io and Juwai-IQI Holdings as they scale globally

On: September 6, 2024

Standfirst: MDEC’s FOX initiative builds adaptable firms with strong elements

Gerardo Salandra of Respond.io (2nd from left) speaking on a Gen AI panel at the recent Endeavor Future Forum 2.0

Gerardo Salandra and Georg Chmiel have many similarities, most notably their involvement in the Malaysian Digital Economy Corporation’s ( MDEC ) Founders Centre of Excellence ( FOX ), a multifaceted initiative designed to promote the development of high-potential Malaysian tech companies.

The national strategic initiative of Malaysia Digital ( MD), which aims to promote and grow domestic tech companies to become unicorns by 2025, is a part of the FOX program. The Squirrel program assists these organizations by fostering a robust support system and providing targeted resources, as well as strengthening their business basics and proper capabilities.

Both Georg and Gerardo are Malaysian-born foreigners who are launching international firms in a quick manner. Despite being offered relocations by other nations, they decided to stay because they believed Malaysia offers everything they need to develop their startups, even before the Squirrel program was introduced in March 2023.

Gerardo, from El Salvador, started his Business-to-Business Software as a Service ( B2B SaaS ) company in Hong Kong and then, deciding that being in Hong Kong was not going to help him achieve his dream of building a global company, picked Malaysia as his base.

I met some MDEC people at a conference and learned about their amazing service, the Malaysian Tech Entrepreneurs Pass ( MTEP), which allowed me to obtain a five-year work visa for myself. I mean, five times? Nothing gives you a five-year immigration. That is enough time for me to develop a business”, he said. &nbsp, &nbsp, &nbsp,

In contrast to Gerardo, Georg was now well-versed in Malaysia when he assumed the position of Group Managing Director of iProperty in the middle of 2010. Georg is now aiming to build his subsequent home tech success as co-founder and executive president of Juwai IQI Holdings after successfully witnessing the price of iProperty to Australia’s REA Group, where he previously served as CFO.

Georg has seen a lot of government programs designed to promote business growth, but also he is impressed by the FOX program despite having over 25 years of experience in actual estate across Australia, Asia, and now Malaysia. ” To placed it clearly, this is like joining a top concierge service. Simply ask a topic and you get pointed in the right direction”, he says.

Juwai IQI's senior leadership team together with MDEC representatives at the recent launch of Juwai IQI’s global headquarters

Besides the concierge-like services that he feels is a striking feature of MDEC’s FOX program, Georg, who does a good bit of exploring, has noticed anything interesting about the effects of the programme.

When I say we were chosen to be a part of the program and explain how it works, he says, “people see us diversely.” The development of the FOX program, which aims to aid in the growth of its businesses, demonstrates Malaysia’s desire to contribute more to the world’s modern economy. ” This opportunities Malaysia as an impressive state, in the eye of outside shareholders. And that gains us”, he explains. &nbsp,

That perception shift that Respond .’s testimonials demonstrate. Malaysia’s reputation is improved by Juwai IQI and Juwai IQ. However, MDEC’s work via the FOX program has assisted high-growth businesses to expand into global companies, and possibly unicorns. More businesses outside Malaysia may acquire Malaysia as their base to expand into global businesses as a result of the businesses ‘ decision to stay there after they achieve great success.

If the passionate comments from Georg and Gerardo is any indication, the FOX project, in this early stage, seems to be pressing all the right keys for its businesses.

It appears that the program thoroughly selects the businesses it needs to be assisting most. It continues to expand its reach, overcoming first failures with a lot of messages and information until it managed to grab Gerardo’s attention and convince him to sign up for the program.

Gerardo reflects,” As a leader, I understand the need for regular self-improvement and development. But as a business leader, the emails, messages, names, and discussions never seem to stop. When I return to the office after this meeting, I’ll be greeted with a stack of things demanding my interest. But, when is there time to focus on specific growth”?

With some very proper partnerships with international outfits, MDEC appears to have captured the attention of founders and their top leadership teams, making this a fact that the Squirrel program has integrated. &nbsp,

One of these engagements, with Ernst &amp, Young Malaysia ( EY Malaysia ), even changed Gerardo’s perception of consultants. You have a tendency to think that professionals are pricey and unable to deal with business challenges, so I would never have paid for them.

However, Gerardo and his management staff have come to appreciate the value of consultants because of his work with EY and the EY 7 Motorists of Growth Framework dynamic research conducted. ” And today, we do pay for consultants” .&nbsp, &nbsp,

Being connected to members who have effectively built B2B SaaS businesses like his was an even greater benefit of Gerardo’s subjection to his FOX program. This face it, not many people in Malaysia or the surrounding area may pertain to the difficulty of expanding a B2B company like me. Who may I call to make a enable request?

Gerardo has greatly benefitted from MDEC’s tie-up with Initiative via the Malay office in this regard. He was connected to the C-suite executive of a B2B SaaS business with a European address thanks to the Squirrel program. In order to pursue his goal of entering the Middle East market himself, he also had the opportunity to speak with the leader of a significant Middle Eastern company. Gerardo himself is currently pursuing joining Endeavor Malaysia despite having meetings that are ongoing and how valuable they were.

The Squirrel program strengthens Malaysia’s position to expand internationally and lead technical innovation by fostering strategic partnerships and constant outreach.

For more information on MDEC and its schemes, choose visit www. mdec.com. my

MDEC’s FOX programme hits the spot for Rocketbots and Juwai-IQI Holdings as they scale globally

By: Mary Blight

On: September 5, 2024

In: Technology

Initiative aims to help firms expand growth, grow into global businesses
Helps high-potential businesses and boosts Malaysia’s world ramping and development

Gerardo Salandra of Respond.io (2nd from left) speaking on a Gen AI panel at the recent Endeavor Future Forum 2.0

Gerardo Salandra and Georg Chimel have a lot in common, most notably their participation in the Malaysia Digital Economy Corporation’s ( MDEC ) Founders Centre of Excellence ( FOX ), a multifaceted program designed to promote the development of high-potential Malaysian based tech companies. &nbsp,

Both of them are foreigners who are rapidly expanding world businesses from Malaysia. Both have received offers from different nations to move ahead from Malaysia, but both turned them down because they believe they have all the necessary infrastructure in place in Malaysia to support their businesses. And this was yet before FOX, launched in March 2023, came into the image. &nbsp,

Salandra, from El Salvador, started his Business-to-Business Software as a Service ( B2B SaaS ) company in Hong Kong and then, deciding that being in Hong Kong was not going to help him achieve his dream of building a global company, picked Malaysia as his base. &nbsp,

” I now had a few employees here, but I finally met some MDEC employees at a meeting and learned about the incredible service they offered to members called the Malaysian Tech Entrepreneurs Pass ( MTEP), through which I received a five-year work visa. I mean, five times? Nothing gives you a five-year card. That is enough time for me to create a business”, he said. &nbsp, &nbsp, &nbsp, &nbsp,

Contrary to Salandra, Chimel was now well-versed in Malaysia when he assumed the position of iProperty’s team managing director in the middle of 2010. After successfully completing the sale of iProperty to Australia’s REA Group, where he previously held the position of chief financial officer ( CFO ), Chimel now intends to establish his second property technology success as co-founder and executive chairman of Juwei IQI Holdings. &nbsp,

With over 25 years of real estate expertise in Australia, Asia, and presently Malaysia, Chimel has seen a lot of government initiatives that aim to promote business growth, but FOX still impressed him. ” To set it clearly, this is like joining a top concierge service. Simply ask a problem and you get pointed in the right direction”, he says. &nbsp,

Juwai IQI's senior leadership team proudly accepted the award for Malaysia's Largest Proptech company at the glamorous Malaysia Digital Expo 2023 Awards Night from Minister of Communications Fahmi Fadzil

Besides the concierge-like services that he feels is a striking feature of FOX, Chimel, who does a good bit of exploring, has noticed anything exciting about the effects of Wolf. &nbsp,

When I say we were chosen to be a part of the program and explain how it works, he says, “people see us diversely.” Rabbit was established with the intention of assisting in the development of its businesses, which speaks to Malaysia’s desire to contribute more to the global digital economy. ” This opportunities Malaysia as an impressive state, in the eye of outside shareholders. And that rewards us”, he explains. &nbsp, &nbsp,

That change in perception even gives the country a social improve, acknowledges MDEC’s FOX programme hits the spot for Rocketbots and Juwai-IQI Holdings as they scale globally ( pic ), head of Digital Exports, MDEC. We are hoping to galvanise more businesses outside the country by using our efforts to help our FOX businesses become international businesses and finally to encourage unicorns to stay in Malaysia after they become extremely successful.

If the passionate comments from Chimel and Salandra is any indication, FOX, in this early period, seems to be pressing all the right buttons for its companies. &nbsp,

It appears that the program thoroughly selects the businesses it needs to be assisting most. It continues to expand its mentoring work, overcoming initial disappointments with a lot of emails and messages until it succeeded in capturing Salandra’s focus and persuading him to sign up for the program.

Salandra reflects,” As a leader, I understand the need for regular self-improvement and development. But as a business leader, the emails, messages, names, and discussions never seem to stop. When I return to the office after this meeting, I’ll be greeted with a stack of things demanding my interest. But, when is there time to focus on specific growth”?

With some very proper partnerships with international players, MDEC appears to have captured the attention of owners and their senior management teams, a reality that MDEC has embedded into FOX. &nbsp, &nbsp,

One of these engagements, with Ernst &amp, Young Malaysia ( EY Malaysia ), even changed Salandra’s perception about consultants. You might think professionals are pricey and unable to handle business problems, but I would never have paid for them.

However, Salandra and his management staff have come to understand the value of consultants because of his encounter with EY and a competitive evaluation it conducted using the EY 7 Drivers of Development Framework. ” And today, we do pay for consultants” .&nbsp, &nbsp, &nbsp,

Being connected to members who have effectively built B2B SaaS businesses like Salandra’s was an even greater benefit of his FOX coverage. Let’s face it, not many people in Malaysia or the surrounding area are able to handle the difficulty of expanding a B2B company nationally. Who can I pick up the phone to ask for help” ?&nbsp,

This is where Salandra has benefited greatly from MDEC tying up with Mission via the Malaysian business. He was able to communicate with the C-suite administrative of a B2B SaaS business with a German address owing to FOX. In order to pursue his goal of entering the Middle East market himself, he also had the opportunity to speak with the leader of a significant Middle Eastern company. Salandra himself is currently in the process of joining Endeavor Malaysia despite both ongoing conversations ( which are ongoing ) and the incredible value he received. &nbsp,

FOX strengthens Malaysia’s position to grow worldwide and become a leader in modern innovation by fostering strategic partnerships and relentless outreach.

Terahertz chips are key to the future of 6G – Asia Times

By: Bolen C

On: September 4, 2024

In: Asia, Technology

Envision a future where online relationships are not only lightning-fast but even wonderfully credible, even in crowded places.

This perception is fast approaching truth, thanks to new study on thz communications technologies. These advancements are expected to change cellular communication, especially as 6G becomes the next wave of sites.

I’m an expert who specializes in studying photonics, the production and detection of light and various electromagnetic waves. My coworkers and I have created a silicon geometrical beamformer device for this study.

The silicon’s geometric and beamformer terms, respectively, refer to the physical characteristics that help the device convert thz waves into directed beams.

For 6G, which telecommunication companies intend to introduce around 2030, optoelectronic frequencies are important. Current mobile networks ‘ radio frequency band is becoming more and more congested.

The somewhat vacant part of the electromagnetic spectrum between radiation and infrared can be used as a solution by terahertz waves. These higher wavelengths are capable of storing a lot of information, making them ideal for the data-intensive uses of the future.

beams shoot out from a chip with angled circuits — Ultrafast thz columns are spread around an experimental device represented in this instance. Image: Wenhao Wang, Guillaume Ducournau, and Ranjan Singh via The Talk

Our device divides a thz signal from a single source into 54 smaller signs, which are then guided through 184 little streams with 134 sharp goes. Each beam may transmit and receive data at speeds of 40 to 72 gigabits per second, many times stronger than yesterday’s 5G network.

We created a particular micro honeycomb pattern to create roads for the photonic waves using artificial intelligence. The range of channels produces powerful, focused beams that span the chip’s whole 360 degrees.

This enables a telephone or other mobile device to obtain the high-speed signal anywhere near a Wi-Fi modem or other communication device using the chip. We created four production beams from a streaming HD video’s input signal, which was then used to demonstrate the device.

Beamformers in cellular network

In 4G and 5G networks, lower-frequency signs have a shorter range than lower-frequency ones. Transverse high-frequency signals are perfectly directed by transistor beamformers to assure they reach their intended destination without loss or degradation.

Beamformers are crucial to the upcoming cellular communication technology. Unlike conventional antennas that broadcast indicators blindly, beamformers focus signals in certain directions, boosting both performance and reliability. Our technology makes sure those beams have protection in all directions.

This focused strategy not only extends the transmitter variety but also improves its excellent, yet over long lengths. As the earth adds billions of connected devices, beamformers are likely to be essential for managing steady connections by reducing intervention.

A potential with thz beamforming

Terahertz beamforming cards have a significant impact on daily living. For instance, these chips may help immersive virtual and augmented reality experiences without any slowdown or allow for a 4K ultrahigh definition movie to be downloaded in as few seconds as it did with today’s Wi-Fi, as opposed to 11 minutes.

Beyond amusement, they could create real-time lenticular communication a fact, where people appear as vivid holograms. Smart cities could use this technology to effortlessly organize emergency responses and transportation systems, and hospitals could benefit from distant surgeries where doctors may use mechanical devices from afar to manage their care.

By overcoming the difficulties of high-frequency message transmission, the optoelectronic beamforming device represents a major step forward on the path to faster, more reliable wireless connection.

Ranjan Singh is professor of electronic executive, University of Notre Dame

This content was republished from The Conversation under a Creative Commons license. Read the original post.

Bateriku.com closes US.4 mil Series B round to enhance roadside assistance and accelerate environmental goals

Bateriku.com closes US$7.4 mil Series B round to enhance roadside assistance and accelerate environmental goals

By: Mary Blight

On: September 4, 2024

In: Technology

Money will go towards advancing software, enhancing Vehicle Equity Experience
Plans to expand in SEA, with Indonesia &amp, Singapore as the 1st global markets

Bateriku.com founder and CEO, Azarol Faizi (2nd from left), with Jamaludin Bujang, managing partner, Gobi Partners Malaysia (2nd from right) and Thomas Tsao, founder and chairperson, Gobi Partners

Bateriku ( M ) Sdn Bhd ( Bateriku.com ), Malaysia’s leading connected roadside assistance solution provider, has raised US$ 7.4 million ( RM34.7 million ) in its Series B funding round. This landmark investment attracted strategic backing from Kumpulan Wang Persaraan Diperbadankan ( KWAP ), Gobi Partners, VentureTech SBI Capital LP, and VentureTech Sdn Bhd, solidifying Bateriku.com’s position as an industry trailblazer.

Building on the success of its Series A funding, led by Malaysia Technology Development Corporation ( MTDC ) in 2022, Bateriku.com is poised to take bold steps forward. The Selangor-based software company will use these resources over the next 18 weeks to improve its systems and enhance the Vehicle Ownership Experience (VOE). The company aims to seamlessly integrate the automotive verticals of Battery, Breakdown,” Bengkel” ( car workshops and auto parts shops ), and Bazaar ( auto parts marketplace ) into one cohesive ecosystem.

Bateriku.com founder and CEO, Azarol Faizi, said:” Securing this financing in our tenth month is an glory, and it reflects the unwavering faith our owners place in our perception. This investment does help us advance our efforts to transform roadside assistance and alter the mechanical ecosystem.

” Our trip began as a traditional battery store, but our goal has always been to create an integrated ecosystem that is suitable for the needs of every vehicle owner. By harnessing technology, we’ve scaled our job tech and innovation systems to provide unparalleled customer experiences”, he added.

In position with its social duty, Bateriku.com launched Akademi Bateriku in 2022. This reputable institution offers mentoring and mentoring programs to electrical specialists in its ecosystem, which is approved by the Department of Skills Malaysia under the Ministry of Human Resources. The startup claims that to date, nearly 2, 000 Malaysians, including Bateriku.com’s internal ecosystem members ( BHero gig mobile technicians and BPreneur entrepreneurs ), workshop owners ( such as Petronas AutoExpert ), individual mechanics, and the general public, have attended these classes.

The company added that its channel includes its first international hub in South Jakarta, Indonesia, and nearly 200 Pitstop locations spread out across Malaysia. Additionally, its robust ecosystem comprises over 1, 000 trained gig technicians ( BHero ), 78 entrepreneurs ( BPreneur ), and close to 3, 000 workshop and auto parts partners ( BBuddy ), all coordinated through a 24/7/365 Contact Centre, which seamlessly connects customers to the nearest service providers.

According to Bateriku.com, while the power company remains at the heart of its procedures, environmental conservation is a key concern. The company’s” Get Recon But The World” program focuses on reconditioning and reuse batteries, ensuring they are reused, repaired, or appropriately recycled. Non-reconditionable batteries are processed by qualified smelters with the approval of the Department of Environment, in line with its nationwide assurance and after-sales programs.

Azarol stated,” To give some view, about 500, 000 vehicle batteries are replaced every month in Malaysia, which indicates almost 10, 000 tonnes of used batteries are being disposed of each month”.

Every month, Bateriku.com collects about 1, 000 used car batteries from our clients all over the country.” Bateriku.com is responsible for making sure our customers are informed about the effects of proper used battery leisure on the environment, especially through our” Go Recon Keep the World” initiative,” he continued.

Gobi Partners co-founder and chairman, Thomas Tsao, said,” Bateriku.com’s ‘ Go Recon But The World ‘ program aligns completely with our goal to invest in projects that not only deliver strong earnings but also make a positive impact on the environment. Their method of recycling and reconditioning batteries provides a new standard for the automotive industry.

With Indonesia and Singapore as the first international markets targeted for expansion and replication of its innovative business model, this new funding will help propel Bateriku.com’s growth throughout Malaysia and throughout Southeast Asia.

WOU empowers students with unlimited access to 80 curated Gen AI courses across all its academic programmes

By: Mary Blight

On: September 3, 2024

In: Technology

Coursera and Gen AI training curriculum created in collaboration.
aims to give adult learners AI expertise for a rapidly changing world environment.

WOU empowers students with unlimited access to 80 curated Gen AI courses across all its academic programmes

By providing unrestricted access to 80 curated Generative Artificial Intelligence ( Gen AI ) courses, Wawasan Open University ( WOU) has made a decisive step in educating its students on the essential skills needed for the digital economy. In a statement, the school said these courses, applicable to both new and current students, course a wide range of AI-related issues, from basic concepts to advanced applications in Business, Digital Transformation, and Science, Technology, Engineering, and Mathematics (STEM) fields.

Through this program, WOU aims to provide adult learners with the Artificial expertise they need to succeed in a world where artificial intelligence is transforming the way that business is run in an extraordinary way. This initiative embodies its commitment to offering versatile, high-quality education to ensure that its students are future-ready to succeed in a quickly evolving business environment as well as being prepared for the workforce of today.

WOU empowers students with unlimited access to 80 curated Gen AI courses across all its academic programmes According to Professor Dr. Dr. Lily ( pic ), chief executive and vice-chancellor of WOU,” Today, AI stands at the forefront of technological innovation, driving unprecedented levels of investment and transforming industries across the globe. In 2023 alone, generative AI attracted globally over US$ 21.8 billion ( RM95.3 billion ) in funding, reflecting its critical role in shaping the future of work. This explosive growth is not just a fad, but it represents a fundamental change in how businesses operate, develop, and thrive on a global scale.

She added that in Malaysia, the AI market is also poised for promising growth, with an anticipated annual growth rate of 31 % from 2024 to 2032 and a forecasted market value of US$ 3.23 billion ( RM14 billion ) in key areas such as machine learning, data mining, and analysis. In response to this, WOU is introducing a complete spectrum of Gen AI programs to help solve the anticipated rise in demand for an AI-skilled labor on the home front.

In addition, Chan said,” Our AI program effort also aligns with the president’s MyDigital Blueprint to improve the AI ecology and to cultivate AI startups as part of its plan to become a modern economy leader in the region.”

” All of our students will have access to the 80 Gen AI programs as a pleasant advantage.” This means that any student who enrolls in a diploma, graduate, or graduate program with WOU will immediately be able to take any of the AI learning opportunities we have available. Students will be able to log in to our instinctive Flex Learn online portal at any time to take any AI courses from the sixty that best fit their individual career paths and learning needs, she added.

Students can enroll in AI programs that cover four distinct categories:
Foundation in Gen AI: Ideal for beginners, these programs offer a good introduction to key AI principles and basic programs.
AI for Business: Tailored for business professionals and businesses, these programs observe how AI may enhance business strategies and drive technology.
AI in STEM: Aimed at those in science, technology, engineering and algebra, these programs focus on using AI to improve research and development.
AI in Digital Transformation: These courses provide useful insights into how Artificial drives modern transformation across different industries, helping learners utilize AI properly.

Each of the Gen AI programs offers a unique opportunity to advance their AI expertise and knowledge. For example,” Introduction to Generative AI” allows students to gain a solid foundation in AI principles while engaging with tools like GitHub Copilot and DALL-E. For those focusing on marketing,” Integrating GenAI into Data-Driven Marketing Strategies” reveals how AI enhances marketing through improved insights, personalisation, and campaign effectiveness. Also, the” ChatGPT Advanced Data Analysis” program enables students to improve their productivity by automating data analysis and material creation, even without due programming knowledge. More supporting learners is the course” Introduction to AI and Machine Learning on Google Cloud,” which teaches students how to develop AI and machine learning projects that are specifically designed for their career objectives. The research paper” Generative AI: Business Transformation and Career Growth” examines the profound effects of AI on different career paths and business, revealing how AI can reshape business methods and create new opportunities for professional development.

The education for the Gen AI training at WOU was created in collaboration with Coursera, a leading provider of online learning, on a global scale. This association ensures that the school’s courses are at the vanguard of AI training, adhering to the highest international requirements. With access to some of the most cutting-edge AI courses available today, Cousera’s considerable expertise and resources match WOU’s commitment to providing world-class training.

WOU’s September intake enrollment is now open. When new students sign up for any WOU diploma or degree program for this intake, they can take advantage of this offer. With plans to incorporate accredited AI courses into the core curriculum of its major degree programmes by 2025, WOU will continue to lead the charge in AI education, making sure its students are future-ready in an increasingly AI-driven world.

For more information or inquiry on WOU’s GEN AI unlimited offering, visit www. wou. edu. my

Seda Innovation Challenges 2024: Pioneering sustainable energy solutions

By: Mary Blight

On: September 2, 2024

In: Technology

Challenge winners will reveal a prize pool of US$ 3, 400&nbsp,
aims to promote cutting-edge technology that uses solar energy for the transition to a global scale.

SEDA Innovation Challenge 2024 has reached its final step, with five tasks set to thrive. The winners will be announced at the Awards Ceremony held on October 1st, 2024, at the 2024 IEEE R10 Humanitarian Technology Conference ( HTC ) in accordance with the final project documentation due by September 2024.

The challenge is a collaboration between the Sustainable Energy Development Authority ( Seda ) Malaysia, the Institute of Electrical and Electronics Engineers ( IEEE ) Kuala Lumpur Subsection, Universiti Teknologi Malaysia, UCSI University, and Leave a Nest ( M ) Sdn Bhd. It aims to find and market cutting-edge technologies that make use of solar energy to support a global energy change.

The top five winners are:

With their initiative titled” Energy Control Cost Optimization System,” Amsolar Ecos.
Unique Edge Technology- UTM is proud of their initiative” MERCAT – Microgrid.”
Vem X with their task: Virtual Energy Manager: Real-Time Monitoring and Predictive Insights for Enhanced Energy Reliability
UCPVC with their initiative, SolCurve: Seamless Remote PV Monitoring System
Sunshine with their job, FarmE

This initiative, held in conjunction with the 6th International Sustainable Energy Summit ( ISES ) 2024, focuses on integrating sustainability into the core of innovation, emphasising reducing environmental impact, improving efficiency, and promoting responsible resource management. It provides a cooperative program for multidisciplinary approaches to address pressing issues facing the green energy sector, enabling innovators to provide flexible, actionable solutions with the potential for widespread adoption.

The Kuala Lumpur Convention Center hosted the 6th International Sustainable Energy Summit ( ISES ) 2024 ) from 20 to 21 August 2024. The news of the Seda Innovation Challenge’s winners comes as a backdrop for this mountain, which also emphasizes the value of green energy options in shaping a cleaner, more resilient future.

Hamzah Hussin, organising head of the 6th ISES 2024 and CEO of Seda Malaysia, stated,” The Seda Innovation Challenge 2024 is a important stride in our work to speed the world energy transition through technology and assistance. Individuals are pushing the boundaries of renewable energy technology by showing extraordinary creativity and commitment to sustainability. We anticipate that the ideas presented here will motivate others and open the door for potential improvements that are robust and cleaner.

Prof. Dr Ahmad Fauzi Ismail, vice-chancellor of Universiti Teknologi Malaysia, added,” Universiti Teknologi Malaysia is committed to advancing green energy solutions through creativity and collaboration. Our goal is to promote research and development in renewable energy technologies through our involvement in the Seda Innovation Challenge 2024. We think that corporate alliances and inter-disciplinary methods are necessary to address the complex issues posed by sustainable development. We are glad to help activities that contribute to a cleaner and more resilient coming by supporting this competition and provide entrepreneurs with an excellent platform to showcase their innovative ideas.

Technology would be the key to accelerating the energy transition, according to Lee Chean Chung, a part of the Authority Seda Malaysia who presented the document to the winners. He added,” Work to embrace conservation are at the base of your improvements, with a focus on minimising ecological impact, enhancing performance, and promoting responsible source management”.

Individuals in this year’s problem are competing in three important categories, each targeting a specific aspect of renewable energy technology: &nbsp,

document. Artificial Intelligence Insights: Aiming to increase energy efficiency through integrated data evaluation for improved decision-making. &nbsp,

iii. Blockchain and the Internet of Things ( IoT ): By monitoring energy systems to improve reliability and efficiency through continuous data flow. &nbsp,

iv. Attempting to optimize renewable energy locations using environmental impact and resource efficiency, the Smart Geographical Information System ( GIS ) and the Digital Twin.

The winners of the Seda Innovation Challenge 2024 will share a prize pool of US$ 3, 400 ( RM15, 000 ), distributed across the following categories: i. Innovation Award: Recognition of the most innovative systems in renewable energy. iii. Impact Award: Awarded for the job that has the most important positive effects on the environment and society. iv. Women’s Choice Award: Acknowledging the most popular task as voted by ISES visitors.

The Seda Innovation Challenge 2024 highlights the crucial role that sustainable energy solutions play in creating a cleaner and more resilient coming and highlights the extraordinary qualities of entrepreneurs.

For information on the Seda Innovation Challenge, please visit https ://www .seda.gov.my/seda-innovation-challenge/

VentureTech announces collaboration with Tokyo Stock Exchange to drive IPO of Asian companies

By: Mary Blight

On: September 2, 2024

In: Technology

Aligns with TSE Asia Startup Hub to attract Asian companies for Japan IPOs
Hub provides business development, fundraising & IPO preparation support

VentureTech announces collaboration with Tokyo Stock Exchange to drive IPO of Asian companies

VentureTECH Sdn. Bhd. has announced a strategic collaboration with Tokyo Stock Exchange, Inc. (TSE) to support the listing of multinational companies on the TSE. This partnership marks a significant step towards strengthening cross-border financial ecosystems and enhancing Asian participation in Japan’s capital markets.

According to the firm, this collaboration aligns with the establishment of the TSE Asia Startup Hub, an initiative by the Tokyo Stock Exchange to attract promising Asian companies for initial public offerings (IPOs) in Japan. This hub provides extensive support in business development, fundraising, and IPO preparations, with the goal of increasing the number of cross-border listings on the TSE, it said.

Through this partnership, VentureTECH will actively provide support in response to requests from the TSE Asia Startup Hub. By fostering stronger relationships between Asian and Japanese companies, this collaboration also aims to enhance Japan’s role as a globally competitive financial centre.

The TSE Asia Startup Hub was created to recruit and nurture high-potential companies from across Asia, focusing on supporting their journey from growth stage to IPO. The TSE offers guidance to companies interested in expanding their business presence in Japan, and provides tailored assistance such as business matching, visibility enhancement, and facilitating connections with Japanese venture capital and corporate investors.

Ahmad Redzuan Sidek, CEO of VentureTECH said, “We are excited to collaborate with the Tokyo Stock Exchange, one of the most prestigious financial bourses in the world. This partnership not only opens new horizons for our local companies but also reinforces our commitment to driving the growth of high-potential Malaysian businesses.”

“By providing access to Japan’s dynamic capital markets, we are enabling our local companies to scale faster, attract strategic investment, and elevate their market presence on a global stage. Moreover, this collaboration is a testament to VentureTECH’s vision of empowering Bumiputera entrepreneurs and high-growth industries in Malaysia, facilitating their expansion into international markets. We look forward to working closely with the TSE Asia Startup Hub to promote innovation and sustainable economic growth, while further strengthening the ties between Malaysia and Japan.” he added.

The TSE Asia Startup Hub will begin recruiting eligible companies in Q3 2024, with a focus on businesses that exhibit strong connections with Japan or possess significant potential for growth. VentureTECH is committed to providing hands-on support to these companies, from their business development phases through to successful IPOs.

Eddie Chau joins Vizzio Technologies’ Board of Directors

By: Mary Blight

On: September 2, 2024

In: Technology

Founded 6 startups, exited tw2o, and mentored numerous startups in S’pore
Brings 3 decades of entrepreneurship, tech & community leadership to Vizzio

Eddie Chau joins Vizzio Technologies' Board of Directors

Vizzio Technologies has announced the appointment of Eddie Chau (pic), a well-known figure in Singapore’s technology sector, to its Board of Directors.

According to the company, Chau, with over three decades of notable achievements in entrepreneurship, technology, and community leadership, brings a wealth of expertise to Vizzio. As chairman of the Singapore Standard Council’s Coordinating Committee for Cyber Security, Chau has played a pivotal role in shaping Singapore’s cybersecurity landscape.

Chau’s career includes founding six startups, successfully exiting two, and serving as a mentor to numerous startups in Singapore. His commitment to community service is evident through his involvement with various non-profit organisations, including Mount Alvernia Hospital, raiSE, and One Faber Group.

Recognised as the “IT Leader of the Year 2018” by the Singapore Computer Society and inducted into its “Hall of Fame 2022,” Chau’s accolades highlight his exceptional leadership in technology.

At Vizzio Technologies, Chau’s strategic insights and extensive network will be instrumental as the company continues to drive innovation and growth in the technology sector. His experience with successful ventures such as e-Cop, Brandtology, and V-Key underscores his ability to identify and capitalise on emerging opportunities.

The company extends a warm welcome to Chau and looks forward to achieving new milestones with his expertise guiding its future endeavours.

Cradle, Invest India form alliance to strengthen startup ecosystems in both nations

By: Mary Blight

On: August 30, 2024

In: Technology

Partnership aims to boost tech startup collaboration in both nations
Matchmaking programmes aim to generate US$23 mill in investments, contracts

The exchange ceremony was represented by Norman Matthieu Vanhaecke, Group CEO of Cradle (2nd from left),, and Shri Sanjiv, joint secretary, Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Government of India (2nd from right) , witnessed by Tengku Zafrul Tengku Abdul Aziz, Malaysia’s minister of Investment, Trade and Industry (middle)

Cradle Fund Sdn. Bhd. (Cradle), the focal point agency for Malaysia’s startup ecosystem, and Invest India, an investment promotion and facilitation agency under the Government of India, have exchanged a Letter of Cooperation (LOC) to establish the India-Malaysia Startup Alliance (IMSA) through Startup India. This strategic partnership aims to foster greater engagement and collaboration among technology-based startups in both nations.

Startup India, a flagship initiative of Invest India, intends to catalyse startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India. The initiative, established under the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Government of India, plays a crucial role in facilitating foreign investment into its country and promoting its economic growth.

Commenting on the LOC between the two agencies, Chang Lih Kang, minister of Science, Technology, and Innovation (MOSTI), said, “India and Malaysia have benefitted from the long-standing relationship built on mutual respect and shared prosperity. This alliance between Cradle and Invest India is a natural extension of our strong economic and commercial ties.

“As Malaysia ranks among India’s top trading partners, this partnership will encourage local startups to venture into India’s 1.4 billion-strong market and will also provide pathways for quality Indian startups to penetrate the ASEAN market through Malaysia. This is aligned with the Malaysia Startup Ecosystem Roadmap (SUPER) 2021-2030, and its aspiration to place Malaysia among the top 20 global startup ecosystems by 2030,” he added.

Norman Matthieu Vanhaecke, Group CEO of Cradle, emphasised that, “This alliance between Cradle and Invest India, a first for both countries, not only strengthens our mutual commitment but also fosters a closer, more impactful, and sustainable cross-border tech entrepreneurial synergy, driving transformative growth in India and Malaysia’s startup ecosystem,” he said.

The LOC exchange ceremony was held in New Delhi on 21 August 2024, in conjunction with Malaysia’s official visit to India, led by Prime Minister Anwar Ibrahim. This alliance is envisioned as the primary bilateral framework for startup and innovation engagement between the two countries.

The exchange ceremony was represented by Norman of Cradle and Shri Sanjiv, joint secretary, Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Government of India, witnessed by Tengku Zafrul Tengku Abdul Aziz, Malaysia’s minister of Investment, Trade, and Industry (MITI).

Over the next year, IMSA will focus on enhancing mutual awareness of the development of startup ecosystems in Malaysia and India, emphasising government interventions, industry collaboration, and university engagement.

Key initiatives under IMSA will include virtual capacity-building sessions, knowledge-sharing events, and the facilitation of startup matchmaking programmes. These efforts will culminate in the participation of Malaysian and Indian delegations, as well as other startup ecosystem players, at major events such as the Startup Mahakumbh 2025 and the ASEAN-India Startup Festival 2025, to be held in Kuala Lumpur as part of the country’s ASEAN Chairmanship.

The matchmaking programmes are targeted to catalyse investment and commercial contract value close to US$23 million (RM100 million) from potential venture capitalists and corporates between ASEAN and India. Additionally, these programmes will connect startups with relevant stakeholders to explore opportunities for market expansion, research and development, and deeper industry collaboration.

Boeing relaunches its Malaysian manufacturing site as Boeing Composites Malaysia

By: Mary Blight

On: August 29, 2024

In: Technology

Site is Boeing’s second absolutely owned manufacturing facility in Southeast Asia.

Boeing relaunches its Malaysian manufacturing site as Boeing Composites Malaysia

Boeing, a worldwide manufacturer of aircraft, has been operating in Malaysia for 77 years, expanding its presence there beyond its business office and sales and service team. It has both a manufacturing center in Kedah and a worldwide support service in Cyberjaya.

That production facility, Aerospace Composites Malaysia, first a joint venture with Indonesian companion, Hexcel Corporation, which Boing completely acquired in Dec 2023, was relaunched today as Boeing Composites Malaysia.

The service, which is Boeing’s primary absolutely owned manufacturing facility in Southeast Asia, offers hybrid products and subassemblies for all Boeing commercial aircraft models, including the 737 MAX and 787 Dreamliner. The page employs an all-Malaysian labor of about 1, 000 people. &nbsp,

” Malaysia needs both speed and scale to accelerate manufacturing practices and proactively develop the country’s aerospace industry” ,&nbsp, said Hairil Yahri Yaacob, Secretary General of Malaysia’s Ministry of Investment, Trade and Industry ( MITI).

” MITI, through MIDA and NAICO Malaysia, is committed in creating an environment that supports quick business development, especially in high-value areas like aircraft. We are thankful for Boeing’s devotion to Malaysia”.

Joining Hairil at the restart was United States Ambassador to Malaysia, Edgard D. Kagan, Boeing people, representatives from the Malaysian authorities and Boeing’s companions in Malaysia.

” I’m convinced that Boeing has found Malaysia more than able to support the intelligence needed to produce high-quality parts for your global consumers,” Hairil continued.

” Our superior service and talented team in Kedah play a vital role in Malaysia’s growing aircraft business”, said Penny Burtt, leader, Boeing Southeast Asia. We are “ecstatic to work with the Malaysian Investment Development Authority” and applaud Boeing Composites Malaysia’s outstanding safety and quality record.

Sikh Shamsul Majid, CEO of MIDA, said,” This is a strong testament to our skilled workforce and our strategic position in the aerospace industry. The global aerospace supply chain is fully supported by Boeing Composites Malaysia.

Boeing’s 77-years partnership with Malaysia which dates to 1947 when Malayan Airways Limited acquired its first Douglas DC-3, supports the development of aerospace and defense capabilities through safety training, sustainability workshops, supply chain development, university collaborations and community impact initiatives.

Together with the relaunch, Boeing also announced a US$ 10, 180 ( RM44, 000 ) higher education grant to the Institut Kemahiran Belia Negara ( National Youth Skills Institute ) in Jitra, Kedah to train 30 students in machining technology and fabrication, while guiding them toward employment possibilities in the aerospace industry.

Technology (Page 20)

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