The GXA goals, according to iLabs, include providing a platform for Chinese tech companies to showcase their modern solutions, promoting collaboration between Chinese and Malay enterprises, and advancing the creation of wise, sustainable cities in Malaysia and the ASEAN region.
Five Chinese businesses were chosen for the two-month GXA.
- PEEL Lab: Offers business and brand design and production services and transforms agro waste into plant-based leather.
- InfoRich concentrates on sharing portable battery across borders. Through its ChargeSpot community, which offers power rentals and promotion chances, and forges strategic partnerships with micro-mobility solutions, it aims to improve urban communication.
- Integri-Culture: Produces scalable, sustainable meal protein using a low-cost, creative, flexible process that ensures efficiency and environmental responsibility.
- Offers genetic solutions to advances in agriculture, food production, detail fermentation, waste control, and carbon reuse.
- IDDK: Using spaceflight for creative research and development, particularly for the life science industry, by providing cheap access to space tests.
Through our engagement with Sunway iLabs, we have opened the door for Chinese startups to expand their presence in Malaysia. We are eagerly anticipating the progress the latest batch will generate through our program, said Hiroyuki Nitta, Deputy Managing Director, Jetro , Kuala Lumpur, citing the success of the past group of companies launching their businesses in Malaysia.
The startups benefited from Sunway Group’s extensive networks and support, Jetro Kuala Lumpur, and knowledge partners, such as the Malaysia Investment Development Authority ( MIDA ), throughout the intensive two-month program. On a number of issues, including the Malay business environment, business needs, cultural differences between the two nations, Malaysia’s corporate move to net low, and potential business and investment opportunities, coaching and guidance were provided.
The program’s important accomplishments were highlighted by Matt van Leeuwen, CEO and director of Sunway iLabs, as well as Sunway Group’s chief innovation officer. More than 50 company discussions have been held, with a focus on forging strategic collaborations between Chinese companies and Indonesian corporations, traders, and startups. The GXA program fosters valuable research collaborations that promote sustainability in Malaysia and technology localization, as well as facilitating valuable business connections and enabling university researchers to learn about the most recent technologies from Japan.
” It was a top-notch program that far beyond my expectations, giving me many opportunities to speak with important participants in Malaysia, including a variety of Malay corporations,” said the author. I’ve been surprised by Malaysian businesses ‘ commitment to green transformation since I’ve moved here, said Hideaki Itami, chairman of PtBio Inc., one of the Chinese companies that took part in the GXA program.