Mosti announces seven local startups as winners of MYHackathon 2024 Cohort 1 

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  • Programme received over 500 comments throughout Malaysia
  • Winners may get offers away to US$ 58, 000 &amp, 12 weeks of coaching

The winners of MYHackathon 2024 Cohort 1 (From left: TERRAAGRA, ParlimenAI and S1ASIAPAC, MOSTI secretary general, Dr. Hj. Aminuddin Hassim, V-Cred, minister of Science, Technology and Innovation, Chang Lih Kang, MOSTI deputy secretary general (Technology Development) Dr. Mohd Nor Azman Hassan, Team MVP, Norman Matthieu Vanhaecke, group CEO of Cradle, NGU Gen, Prigo X)

The Ministry of Science, Technology and Innovation ( Mosti ) and its agency, Cradle Fund Sdn. Bhd., have announced the seven finalists of the MYHackathon 2024 Cohort 1 program. The announcement was made during the AICB Center of Excellence’s final meeting in Kuala Lumpur.

The event was officiated by Chang Lih Kang, minister of science, technology, and innovation, who stated that the winners of Cohort 1 will receive conditional grants of up to US$ 58, 000 ( RM250, 000 ) to develop their pilot projects, along with one-to-one project implementation mentorship for the next 12 months. Additionally, all winners will work with the owners of the particular problem statements to improve their plan for implementing the solution.

In his opening target, Chang remarked that the MYHACKathon serves as an outlet for developing creative solutions for issues that the government and relevant organizations face. I am impressed by the caliber of the options that the members have provided. These concepts are not only practical but also creative, and they are in line with Malaysia’s dedication to developing Asia’s leading market and the Madani financial perspective.

” This is in range with efforts to strengthen skills development and strengthen the science, technology, creativity, and business ecosystem in the country”, he added.

The MYHACKathon 2024 initiative supports Malaysia Madani’s aspirations, which place focuses on the importance of development and regeneration in the pursuit of people-centred growth. I think some of these options have the potential to be made more widely and broadly in the future,” Chang said.

The MYHACKathon 2024 Cohort 1 highlighted seven issue statements submitted by several ministries and state agencies under the style” Hackathon Nasional untuk Malaysia MADANI.” It was launched on September 23, 2024. More than 500 registered organizations and businesses from Malaysia, including Sabah and Sarawak, submitted entries for the program. Before 23 finalists were chosen for the” Last Demo” display session, all participants went through a two-week shoe camp and one-on-one tutoring sessions from mentors.

Mosti announces seven local startups as winners of MYHackathon 2024 Cohort 1 According to Norman Matthieu Vanhaecke ( pic ), group CEO of Cradle,” The MYHackathon program provides an opportunity for tech talents in Malaysia to find solutions to various national challenges through creative and innovative approaches, aligning with the main goal of the programme to drive transformation and adapt digitisation in Government services in Malaysia,”

Cradle, who serves as the MYHackathon 2024 programme’s implementing company, believes that initiatives like this can advance the country’s technology ecosystem’s agenda for improved digital infrastructure and governance systems that prioritize the needs of the people.

According to Cradle, since its launch in 2020, the MYHackathon project, held every two centuries, has nurtured fresh skills among Malaysians and has become a system to develop assistance, innovation, and critical thinking among participants.

The Artemis Robot from A2Tech Sdn Bhd, which develops mechanical engineering products with artificial knowledge integration for first reconnaissance activities in search and rescue operations, and the Anti Drone Detection System from FlyBots Technology, which develops solutions for controlling drone intrusions intended for contraband or illegal surveillance in areas with limited access are two examples of successful solutions developed under this program.

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Cyberview ignites creative innovation with CIRc8

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  • evidence a letter of intent with TODAK Holdings and an MOU with Animonsta Studios &amp.
  • Aims to foster&nbsp, stronger engagement to benefit the online innovative business

L-R: Ahmad Faizul Ramli, chief operating officer, Cyberview Sdn Bhd; Mohd Hisyamuddin Awang Abu Bakar, head of Special Investment, Real Estate & Services Section, Government Investment Companies Division (GIC), Ministry of Finance; Kamarul Ariffin Abdul Samad, CEO, Cyberview Sdn Bhd; Teo Nie Ching, deputy minister of Communication; Khairul Azlan Zainal Ariffin, CEO, TODAK Holdings Sdn Bhd; Anas Abdul Aziz, chief content officer, showrunner & audio director, Animonsta Studios Sdn Bhd; Dr. Tan Awang Besar, rector, Akademi Seni Budaya Dan Warisan Kebangsaan

The Cyberjaya Digital Creative Circuit ( CIRc8 ) 2024, a synthesis of digital creativity and technological innovation, has been announced by Cyberview Sdn Bhd. More than just an occasion, CIRc8 serves as a platform where suggestions meet imagination, all within the fluid ecosystem of Cyberjaya.

As the technology hub designer, Cyberview emphasises that it is in a special place, very unlike other designers. A key goal of the business is to create a tech ecosystem that benefits all-size technology firms, enabling the Cyberjaya group to prosper as a whole.

Cyberjaya has recently seen an influx of data center investments, which has helped and established the very core of the modern business in the metropolis. As the desired technology investment location for Malaysia, Cyberjaya has seen an influx of data center investments. As the industry expands and makes use of cutting-edge technologies like conceptual AI, Cyberjaya’s online creative players gain advantage.

Kamarul Ariffin Abdul Samad, CEO of Cyberview, said,” Although we welcome high-value technology Investment, we are cognisant of the important role local technology firms play in building Malaysia’s modern economy in the long run. We are particularly pleased of our local software companies, particularly those in the creative market”.

He added,” We see the demand for digital innovative products and services is on the increase, both locally and internationally, therefore opening access to new markets and new parts for products and services”. Kamarul also emphasized that Cyberview’s assistance for this business is a long-term commitment, as demonstrated by the establishment of the modern innovative tech cluster within the Cyberjaya masterplan, which was launched in 2019.

Cyberjaya is home to some of Malaysia’s popular online artistic talents, with video studios like Monsta Studios, WAU Animation, and Durioo gaining international reputation. I’m convinced that there will soon be a domestic fairy called Cyberjaya. Therefore, he emphasized that Cyberview is doing everything we can to help businesses through numerous business help programs like the one we introduced today.

CIRc8 2024 was launched by Teo Nie Ching, assistant secretary of Communications, who likewise witnessed two report markets. The first was a Memorandum of Understanding between TODAK Holdings Sdn Bhd and Cyberview Sdn Bhd, and the next was a Letter of Intent between the two.

Both exchanges demonstrate the strengthening of the relationship between the parties involved, aiming to foster a more effective and important collaboration for the online creative sector.

With an estimated crowd of more than 1, 500 people, consisting of key players from the animation and e-sports industry, talent, and the community, visitors were entertained for two days with a mini game arcade, an immersive virtual art exhibition by Akademi Seni Budaya dan Warisan Kebangsaan ( ASWARA ), and meet-the-fans sessions with popular local animation characters.

Other hobbies included industry changes and a panel discussion titled” The Future of Digital Creativity – Navigating Innovation and Human Touch.” The board featured Shafinaz Salim, head of Technology Hub Development at Cyberview, Nicholas Sagau, chief operating officer of RevMedia Group and vice president of the Malaysia Digital Association, and Dr. Jazmi Jamal, chairman of Future Creative School at ASWARA.

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Singapore’s Ignition AI Accelerator partners Pfizer to advance biopharma sector with AI

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  • Aims to improve AI capabilities, grow software across industries
  • Partnership aims to speed up medicine finding & industry solutions faster

Singapore’s Ignition AI Accelerator partners Pfizer to advance biopharma sector with AI

Fire AI Accelerator, a collaborative effort between NVIDIA, Tribe, and Digital Industry Singapore ( DISG) has announced a collaboration with international biotech head Pfizer in Emerging Markets Asia.

In a statement, the Singapore-backed Fire AI Accelerator explained that its goal is to advance AI skills and develop software across industries, driving global business development. The association with Pfizer aims to utilize its extensive community in Southeast Asia, including media, state, universities, accelerators, technical skill, and investors, to expand drug discovery and research processes, bringing innovative treatments to promote more quickly.

The Singapore government has been actively advancing border technologies like AI to support its medical technology and medical ecosystems and improve care quality. In addition to fostering private-public sector partnerships, it has invested over US$ 19 billion ( RM81 billion ) in science and technology research under its Research, Innovation and Enterprise 2025 plan. Through its engagement with DISG, Ignition AI Accelerator aims to attract major international AI companies to Singapore, building a thriving ecosystem for border systems. The throttle also empowers businesses to expand regionally, scaling their companies and accelerating their go-to-market techniques.

The partnership with Pfizer positions Fire AI Accelerator at the vanguard of AI creativity, providing local ecology partners and medical startups with the size and experience of industry giants. Through these collaborations, especially in the healthcare industry, Ignition AI Accelerator is better equipped to drive the development of pioneering therapies, patient treatment, and precision treatments worldwide.

” We are excited to collaborate with Pfizer, one of the leading players in the biopharmaceutical industry,” said Ng Yi Ming, CEO of Tribe. ” Our goal is to empower pharmaceutical giants with the latest advancements in AI to drive innovation in drug discovery and development. This partnership underscores our commitment to accelerating breakthroughs that can significantly impact lives globally. “

Pfizer is at the forefront of leveraging AI to transform drug discovery and development. By integrating into the Ignition AI network, Pfizer aims to create faster, more effective communication with stakeholders, enable a more efficient patient recruitment system, and improve manufacturing yields and cycle times.

” AI is reshaping pharmaceutical research, and our partnership with the Ignition AI Accelerator by Nvidia and Tribe is a significant step towards harnessing these technologies to enhance our communications with patients and healthcare professionals,” said Bei Goh, Regional Client Partner lead, Emerging Asia at Pfizer. ” With access to a thriving startup ecosystem, we are eager to catalyse groundbreaking biomedical startups and accelerate innovations in stakeholder engagement within the industry. “

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13 businesses selected for Tegas Fundraising Accelerator batch 3

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  • The throttle helps startups develop pitches, bring capital
  • aims to place native startups at the top 20 in the global business ecosystem by 2030.

Participants engaged attentively during a session on the first day of the TEGAS Fundraising Accelerator.

Through its TEGAS Digital Village ( TDV), Tabung Ekonomi Gagasan Anak Sarawak ( TEGAS ) has made the selection of 13 businesses for the third cohort of the TEGAS Fundraising Accelerator ( TFA ) program. The TFA is designed to promote the growth of local businesses and social organizations, aligning with Sarawak’s Post-COVID-19 Development Strategy and the Sarawak Digital Economy Blueprint 2030.

In a statement, the agency confirmed that the selected organizations for the program include NR&amp, Sons Holdings, Best Academy, Evolving Brilliance Technologies, Ensera, Harapan Anak Urang Sarawak, Fit Two Shape, OINC, Spearcompute, Miaw Destiny Solution Management, Noms Fochun Founders, Ark Hill, Zinsolar Engineering, and HY Energy Services.

TEGAS is responsible for the four-day TDV Kuching program, which is co-hosted by PitchPlatforms Sdn Bhd ( pitchIN ) and MyStartup. While MyStartup, a national initiative created by the Ministry of Science, Technology, and Innovation ( MOSTI ) and Cradle Fund Sdn Bhd, aims to boost the competitiveness of local startups with the goal of achieving a top 20 position in the Global Startup Ecosystem by 2030, PitchIN is Malaysia’s Digital Fundraising and Investment Hub.

13 businesses selected for Tegas Fundraising Accelerator batch 3The TEGAS Fundraising Accelerator was created to assist business owners with little or no experience in obtaining additional funding. Through this ongoing initiative to nurture startup growth in Sarawak, founders will be equipped with essential techniques and insights needed to successfully raise capital”, said Len Talif Salleh ( pic ), Deputy Minister of Urban Planning, Land Administration, and Environment, who is also Chairman of TEGAS.

” This program offers an in-depth investigation into the subtleties of funding, ensuring businesses are better prepared for buyer engagement”, he added.

Xelia Tong, Chief Operating Officer of pitchIN, is one of the instructors for the project, alongside other significant early-stage owners, funding organizations, and venture capitalists. These experts may offer valuable insights into the fundraising process and give participants a thorough understanding of buyer expectations and tactics to secure financing.

The accelerator aims to help startups improve their pitches, navigate challenging investment environments, and maximize their potential to get additional funding.

” Since partnering with TEGAS in 2019, we’ve seen remarkable growth in the local habitat, especially in nurturing Sarawak companies. We’re confident that this program will help local entrepreneurs expand their fundraising capabilities and help them grow and contribute to the state’s expanding firm landscape as we approach the second year of operation of the Sarawak fundraising accelerator,” said Tong.

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Nexlaw.AI, Thomas Philip partner to launch legal AI trial copilot system in Malaysia

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  • Thomas Philip did liquidity Nexlaw’s tools throughout various stages of litigation
  • Deployment of solutions may permit firm to&nbsp, simplify, enhance&nbsp, test prep processes

Nexlaw.AI, Thomas Philip partner to launch legal AI trial copilot system in Malaysia

Nextlaw. AI, the company of constitutional AI systems, and Thomas Philip Advocates &amp, Solicitors, a debate quality law firm, have announced a partnership to build a pioneering trial preparation solution for disputes and litigation. The events stated in a statement that this collaboration makes use of cutting-edge AWS Cloud system and NVIDIA GPU systems to revolutionize trial preparation, giving law firms a major competitive advantage in courtrooms.

Through this agreement, Thomas Philip Advocates &amp, Solicitors may employ Nextlaw’s Legal AI tools, especially the Constitutional AI Trial Copilot, to strengthen its constitutional teams at different stages of dispute, including case strategy, document review, witness preparation, and courtroom presentation. This integration strengthens the agency’s position as a pioneer in legal-tech innovation and highlights the potential of AI to deliver better legal services and top-notch client outcomes.

” We are thrilled to mate with Thomas Philip, a strong synonymous with quality in the legal industry”, said Francis Lui, founder and CEO of Nextlaw. By incorporating our privacy-first developed AI technologies into their dispute process, we hope to provide their authorized groups with unmatched insights and capabilities, leading to the achievement of outstanding results for their clients and shaping the future of legal services.

Mathew Thomas Philip, managing partner of Thomas Philip, added,” This association with Nextlaw scars a major step for our company and the Malay legal environment. By harnessing the power of AI, AWS Cloud, and NVIDIA GPU technology, we are committed to enhancing our legal services, providing even greater value to our clients, and driving innovation in the legal industry”.

The deployment of the Nextlaw. Thomas Philip Advocates & Solicitors will benefit from the AI Trial Preparation Solution to transform the way its trial preparation process works, gain a significant edge in the courtroom, and deliver notable results for its clients.

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The Deep Tech goldmine: Challenges and opportunities in Malaysia’s growing ecosystem

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  • Strength of the transistor habitat provides a good foundation for the development of new capabilities
  • It is crucial to encourage designers to rise as owners in order to foster innovation.

Ir. Dr Bernard Lim, vice chairman of MBAN Penang believes that Malaysia’s existing semiconductor ecosystem offers a strategic advantage for deep tech startups, particularly those focused on hardware.

As technology evolves, Malaysia is positioning itself at the vanguard of profound software, a business promising long-term growth and innovation. But, startups and investors alike continue to face a significant problem as they try to commercialize deep systems. Ir. speaking at the monthly MBAN Forum next year. Dr Bernard Lim, vice president of MBAN Penang, highlighted the potential of serious technology, while also managing expectations for buyers.

Malaysian Business Angels Network is abbreviated as MBAN.

Understanding strong technical

Deep software, or heavy technology, is different from standard technology startups models where innovation revolves around business models and consumer-facing applications. Strong technology on the other hand, focuses on medical advances and engineering-driven options. Startups in this space work on disruptive technologies such as artificial intelligence ( AI), blockchain, biotechnology, and advanced computing, which require long research and development ( R&amp, D) cycles before delivering commercial returns.

” The gestation period is longer”, Lim emphasised. It’s not just about coming up with an idea and putting it into action. In heavy software, you need major R&amp, D, testing, prototyping, and constant elegance before even thinking about marketplace entry”.

Long birth period, large investment challenges

Deep tech’s lengthy gestational cycle and difficulty provide unique challenges. Companies in this industry usually need a few years to introduce their products. Unlike technology companies, which can run fast, deep technology solutions involve equipment development, extensive research, and stringent regulatory compliance, particularly in sectors such as healthcare and biotechnology.

Buyers, especially those expecting quick results, need to change their perspective when dealing with deep-tech companies. As Lim noted,” Do n’t expect a three-year return. You may wait five to eight times, and in health industries, it might take even more”.

This prolonged timeline, coupled with higher cash requirements, creates major barriers to entry. Investors must be persistent and have a thorough understanding of the complex industrial processes involved.

Malaysia’s place in the semiconductor business

Malaysia’s solid foundation in the silicon industry is one promising place. Since entering the world semiconductor industry in 1972, the state has grown to become the sixth-largest producer of electronics. Lim said that by 2030, the global semiconductor market could reach US$ 1 trillion globally ( RM4.21 trillion ).

Despite a momentary decline in the market following Covid-19, demand for electronic parts is expected to recover, driven by advances in high-performance technology, artificial intelligence, and consumer technology. Malaysia’s existing semiconductor ecosystem offers a strategic advantage for deep tech startups, particularly those focused on hardware.

Penang: The Silicon Valley of the East?

Penang is emerging as Malaysia’s hub for deep tech innovation. The state has for decades been at the forefront of Malaysia’s semiconductor sector, often referred to as the” Silicon Valley of the East.” With a rich pool of engineering talent and an established manufacturing infrastructure, Penang is well-positioned to lead the country’s deep tech charge said Lim.

However, challenges remain. As Lim noted, many engineers in Penang have traditionally worked in factories, focusing on production rather than entrepreneurship. ” Many engineers in Penang have spent years in factories, focusing on production, but what we need now is for them to take the leap into entrepreneurship, to lead their own startups and drive innovation in the ecosystem”. &nbsp, Encouraging these engineers to take this leap is crucial for the ecosystem’s growth, he asserts.

Collaboration and the development of the ecosystem

Another encouraging development is that Malaysia’s deep tech ecosystem is no longer limited to Penang. Selangor and Sarawak, along with projects like the Selangor IC Design Park and Sarawak’s growing interest in integrated circuit design, are also making progress. These initiatives aim to expand the nation’s capabilities in semiconductor and deep tech, encouraging cooperation among states.

Although the road to deep tech success may be difficult, Malaysia is well-positioned to capitalize on the upcoming wave of technological advancements with its expanding expertise in semiconductors and a push for innovation across multiple states. We hope to eventually imitate Silicon Valley and expand as quickly as possible. That’s our wish. And longer term, we aim to expand the deep tech ecosystem throughout Malaysia”, said Lim​.

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Joseph Schooling starts new career in venture capital after retiring from swimming

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SINGAPORE: Following his pension from swimming in April, Singapore’s first Olympic gold medallist Joseph Schooling has started a new job in venture capital. &nbsp,

Vertex Ventures Southeast Asia and India announced on Monday ( Sep 30 ) that Schooling has joined the company as an associate in its investment team in a LinkedIn post. &nbsp,

As he moves forward with this new endeavor, he will collaborate with our experienced purchase practitioners to gain more knowledge and insights into evaluating and investing in high-growth startups, the post read.

One of the six main funds in Vertex’s worldwide system of venture capital funds is Vertex Holdings, a wholly-owned company of Singapore’s Temasek Holdings, with the outlet investor being Vertex Holdings, a wholly-owned conglomerate of Vertex Holdings. The bank ‘s&nbsp, opportunities focuses on healthcare, banking, conservation among other things. &nbsp,

Schooling, who is also a part of the Texas Longhorns floating group, studied economic at the University of Texas from 2014 to 2018.

Schooling won gold in the 100-meter moth at the 2016 Rio Olympics, beating his former teammate Michael Phelps, in history.

He holds eight unique information, six for specific activities, and two for circuits.

In 2018, he launched his personal snorkeling school for children called Swim Schooling, which offers a 10-week project for kids.

Schooling announced his retirement from competitive swimming in April to concentrate on his swim class and other business endeavors. He stated in a report published by The Straits Times on April 2 that he would work with two lovers in the fields of “health and healthcare, technology and sustainability” and” the venture capital industry.”

CNA has reached out to Schooling for opinions. &nbsp,

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Entrepreneurs Summit V: Largest gathering of top Entrepreneurs, corporates, government & investors

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  • Over 1, 700 registrants expected at the conference
  • declared lineup of presentation speakers for the occasion

Entrepreneurs Summit V: Largest gathering of top Entrepreneurs, corporates, government & investors

The much-anticipated Entrepreneurs Summit V is set to take place on 24 October 2024 at the Asia School of Business, bringing along a mix of businesses, federal authorities, investors, and business leaders. Visitors may have the opportunity to learn from keynote speeches by famous speakers, a chance to meet and interact with top leaders from different industries, and a chance to network with and network with attendees.

With over 1, 700 registrants expected, the mountain promises to be a meeting of innovators from different fields, including businesses, corporates, state, and buyers. Individuals will have the unique chance to make important connections that may influence the business and company ecosystem’s future.

The portfolio of Entrepreneurs Summit V keynote speakers includes:

  • Vivy Yusof – Co-Founder, The bird Group
  • Big Bad Wolf and BookXcess Managing Director Andrew Yap
  • Thinesh Kumar Asogan – CEO of LaPasar
  • Dr Ingky – Founder of Ventamin
  • Thomas Yip – Founder of Radica Software
  • Vykintas Mineikis, Zalora Regional Senior Operations Director
  • Ben Lim– CEO/Founder of NEXEA Group

Vivy Yusof, Co-Founder of The goose Group, said:” This occurrence is an amazing opportunity to network with some of the brightest brains and officials shaping our business. The enthusiasm and creativity present here are really exciting, generating meaningful discussions and partnerships that have the potential to transform the world.

Enterprise Summit V represents a significant opportunity for the business ecosystem to work and innovate. I look forward to engaging with other businesses, exploring new opportunities, and fostering powerful alliances that drive significant change”, said Andrew Yap, Managing Director of Big Bad Wolf and BookXcess.

Attendees will have unique access to thought-provoking talks, panel discussions, and interactive sessions designed to promote cooperation and development within the enterprising habitat. With main partners such as Digital News Asia, the Asia School of Business ( ASB), and Unifi, alongside Cradle, the Malaysia Digital Economy Corporation ( MDEC ), and the Malaysian Technology Development Corporation ( MTDC ), the event is set to bring together corporate leaders, venture capitalists, government officials, and industry experts. This collecting will provide the innovative community with a crucial forum for productive exchanges and partnerships, fostering innovation and development.

Mohamad Yusman Ammeran, Vice President of Unifi Business, stated,” Unifi Business is proud to be a part of Entrepreneurs Summit V, where we can instantly link and join with companies to enable their business modifications.”

Entrepreneurs Summit V is the must-attend function of the year for people looking to expand their innovative journey, offering an opportunity to system, study, and grow. Protect your ticket right away to speak with powerful leaders immediately, research potential partnerships, and gain valuable insights that will help your startup grow in a powerful and welcoming environment. Do n’t miss your chance to be part of this transformative experience!

For more details, visit www. entrepreneurs-summit. org&nbsp,

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Aptos Foundation partners The Ignition AI Accelerator to drive advancement of AI startups in APAC

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  • Fixed to encourage APAC entrepreneurs to expand their horizons in artificial intelligence globally.
  • Aptos Foundation to provide solutions, support for AI companies in the throttle

Aptos Foundation partners The Ignition AI Accelerator to drive advancement of AI startups in APAC

Aptos Foundation has partnered with The Ignition AI Accelerator to promote the growth and development of AI startups in Asia, according to a joint initiative between NVIDIA, Tribe, and Digital Industry Singapore ( DISG). This expands the function of the Aptos Foundation to bring together its experience and Aptos-related technology to create artificial intelligence solutions that are anticipated to transform businesses and economies.

The Fire AI Accelerator is positioned to lead APAC’s second generation of high-potential AI innovators and founders who are pushing the boundaries of AI growth globally with the assistance of the Aptos Foundation’s funding and industry experience. Singapore is the most advanced nation in the world for AI, according to new IMF study, which reflects decades of aggressive investment in the country’s AI system and talent.

In the accelerator, the Aptos Foundation will offer resources and support to AI startups, opening doors to new technologies and allowing them to get international markets. It&nbsp, may utilize Microsoft’s OpenAI Service, which it hopes will remove barriers to implementation and create a clear way for the practical application of frontier technology. The business has important working ties with Overlai and Adot, two of AI’s top executives.

Ng Yi Ming, director, The Fire AI Accelerator, emphasised,” Onboarding Aptos Foundation as a professional companion marks a crucial milestone in Ignition AI Accelerator’s mission to power AI startups and generate synergies with world leaders in emerging technologies. We want to give AI businesses the tools they need to create applications that will determine the upcoming wave of technological advancements by utilizing resources and expertise. Collectively, we are committed to driving the development of the AI industry and nurturing a new era of AI companies”.

While the Aptos Foundation’s goal is to promote bitcoin accessibility and decentralization, the development of AI technologies is anticipated to put a new dimension to the world ecosystem, bringing emerging technologies to the masses.

We look forward to leading the charge in this revolutionary method of fostering innovation and entrepreneurship because AI has unmatched development potential. With this relationship, we aim to meet the international colleagues at The Fire AI Accelerator in catalysing the development of AI programs, ideas, products and services”, said Bashar Lazaar, mind of Grants &amp, Ecosystem of Aptos Foundation. Together, we will empower a new wave of AI tech founders and pioneers who will create the future in APAC with potential worldwide.

The Ignition AI Accelerator, launched in May 2024, is a global initiative based in Singapore that supports AI startups with business and technical acceleration, offering deep AI development expertise, cloud credits, and funding opportunities. Since its inception, it has collaborated with leading industry players to provide diverse emerging businesses with the necessary knowledge and expertise to grow their AI-focused businesses globally.

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