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Malaysia Pushing I&T Development in Agriculture

IT Development in Malaysia Agriculture

Agriculture in Malaysia provides many opportunities for innovation seeing as Malaysia ranked number 40th in food security according to the Global Food Index 2018 report.

To help spur innovation in this area, a bootcamp, Demo Bay, was held recenty.

The event saw 13 start-ups from the programme pitched their ideas to a panel of judges from the industry. The aim was to tackle problems in the agritech and food tech space in Malaysia.

The bootcamp organised its demo day during the Global AgriTech Summit 2019 held in Bank Rakyat Convention Centre. The demo day marked the end of an intense 10-day bootcamp, during which each team underwent mentorship from the local technology accelerator, start-up founders and corporate partners regarding their customer, product and market development.

Agriculture is changing and the pace of change itself is quickening. Entrepreneurs in agritech have gained encouraging momentum in the past couple of years.

Drones, sensors, robots and a slew of new and advanced technologies are being deployed in agriculture. Moreover, many start-ups are looking to tackle the pressing issues by providing exciting and innovative solutions across the supply chain. Technological invention and innovation, therefore, become integral in keeping the agriculture sector attractive for younger generations as well.

And while agriculture in the past, has been underfunded, things are changing rapidly which also brought about change in how the industry is seen.

During the event, participants came up with innovative solutions to address this issue and at the demo day. Three start-ups emerged as winners.

The first start-up is developing a machine-learning-based farming assistant for young and tech-savvy farmers to increase their future yields. They aim to optimise agriculture yield by at least 20% through a precision farming device.

This device updates the current condition of the crops and its environment, collating info via artificial intelligence, and data visualisation to provide yield forecasts, plant health, recommended prescriptions, data sharing, insights, profit analysis, and yield analysis.

This device aims not to replace farmers, but to anticipate status based on conditions unobservable to the naked eye.

The second start-up the other hand is producing black soldier fly (BSF) larvae using organic waste and turning them into livestock, animal and pet feed. 60% of the world’s grain is fed to farm animals and Malaysia imports 60% of its chicken feed, which greatly affects our food security.

To combat this, the start-up proposes an alternative – providing black soldier fly as animal feed. Not only do they grow fast (they can be harvested in just 10-15 days), they are extremely nutritional, resilient, and are non-invasive species.

The third winner is making P2P investment into agro-food farming simple and transparent. Currently, Malaysia faces a lack of sufficient and reliable data to assess investment risk. This lack of a method to assess risk has made funders much more risk-averse.

By having industry experts such as researchers and farmers in this current batch, the gap between entrepreneurs and industry experts is being bridged.

It was impressive how teams used deep tech and fintech solutions to optimise the agriculture scene. Impactful innovation and optimum deployment of technology tool come with a clear problem statement.

Events and opportunities like this bootcamp show that solutions to the various industries, in this case, Agriculture, can be done through entrepreneurial talents in the form of tech start-ups.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.