- Opportunities for pilot projects will be provided for the five most promising thoughts.
- attempts to discover creative solutions that address issues in the sector.
leng The Malaysia (Innov Centre4IR tion ESG Ch Innovation llen Challenge ( e) as bee lau Innovation Challenge ) has been ched, accor d ng to t h launched, according to the Malaysia Centre4IR.
This initiative, in collaboration with Bursa Malaysia, is powered by the World Economic Forum’s ( The Forum ) UpLink platform, which invites startups and entrepreneurs from Malaysia and around the world to submit their cutting-edge digital solutions to enhance the efforts of five Malaysian Public Listed Companies ( PLCs ), namely CJ Century Logistics Holdings Bhd, Globetronics Technology Bhd, Malayan Banking Bhd, REDtone Digital Bhd, and Sunway Innovation Labs ( representing Sunway Group ).
( An expression of interest was made following the five PLCs ‘ interest following an ESG Tech Based Innovation Workshop held in Bursa Malaysia. )
Empowering entrepreneurs, driving shift
This Innovation Challenge seeks to join beautiful thoughts and promising startups with Malaysian PLCs in various sectors such as agriculture, construction, economic services, logistics and production. The issue seeks to find creative solutions that address business issues, which might boost Malaysia’s economy and the environment, and could also boost competition.
Strategic engagement
Partnering with Bursa Malaysia, one of Southeast Asia’s largest bourses, and driven by UpLink, The Forum’s available technology system, this problem leverages the strengths and networks of these renowned organisations.
The association with UpLink will help the problem have a global reach and draw high-quality submissions from all over the world. The Innovation Challenge promotes the development and implementation of systems that advance ESG principles while also providing a significant opportunity for PLCs to investigate business venture capital practices in line with Pillars 2, 4, and 5 of Bursa Malaysia’s Public Listed Companies Transformation Programme. This initiative helps PLCs become more responsible in addition to supporting businesses and entrepreneurs.
Five arches, which include:
- Creating Purpose and Performance-Driven PLCs,
- Being Responsible, Socially Accountable and Ethical PLCs,
- Increasing investor ties and customer management,
- Being Online Enabled, and,
- Contributing towards Nation Building
Focus places
The Innovation Challenge places an emphasis on net-zero solutions and operation technology:
CJ Century Logistics Holdings Bhd
- Data set for shipping fleet management
- predicted model for conservation planning and information analysis
Globetronics Technology Bhd
- Performance progress in manufacturing
- AI-assisted online manufacturing helpers
Malayan Banking Bhd
- Building environment endurance: Options in climate mitigation and adaptation
- Waste to wealth: assisting SMEs in cutting back on their ongoing waste costs
REDtone Digital Bhd
- Making use of the Internet of Things ( IoT ) for smarter farms in Malaysia
- Unlocking AI’s potential for Malaysian agriculture
Sunway Group is represented by Sunway Innovation Labs.
- Preventative health and well-being
- Circular economy
Application and selection process
Applications are now open via UpLink and will close on 31 Aug. A panel of industry experts and representatives from MYCentre4IR, Bursa Malaysia, and the World Economic Forum will evaluate the submissions. On November 7, the Innovation Challenge will culminate with a Demo Day at Bursa Malaysia, where five of the most promising ideas will be given funding opportunities for pilot projects and access to a network of business leaders and investors.
For more information about the Malaysia Centre4IR ESG Innovation Challenge and how to participate, please visit the challenge page here or contact]email , protected].