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Leaders in Innovation Accelerator Malaysia 2018 to produce Malaysia’s next Tech Unicorn

An announcement
made by Bernama
highlighted the Leaders in Innovation Accelerator (LIA) Malaysia 2018 programme
which empowers home-grown talents to secure investment and accelerate their
international business growth.

The Leaders in Innovation Accelerator (LIA)
Malaysia 2018 is an intensive 16-week programme of practical entrepreneurship
skills and expert business mentoring.

Applications are now open for the programme
which is directed at innovations developed in publicly-funded universities and
research institutes that combine socio-economic impact and international
growth-market potential.

The goal of the programme is to
empower home-grown talents to secure investment and accelerate international
business growth by matching Malaysian
researchers, academics, independent technology entrepreneurs and early-stage
technology start-ups with expert business mentors based in the UK.

The LIA Malaysia programme will be executed
in collaboration with the Malaysian Industry-Government Group for High
Technology
(MIGHT). It is an exciting follow-up to the Leaders in
Innovation Fellowships (LIF) programme, which is a Royal Academy of Engineering
initiative supported by the UK Government’s Newton Fund.

LIA Malaysia is the first in-country
Accelerator programme to result from the highly successful LIF Programme, which
is an intensive residential programme of expert coaching and entrepreneurship
training for innovation fellows from the 14 Newton Fund partner countries.

Oxentia Development
Director Dr Tim Hart said, “It is a testament to both the huge potential of
Malaysian entrepreneurs and the excellent working relationships with MIGHT that
Malaysia will be home to the first LIF programme spin-out accelerator.”

He added, “This is a pioneering programme.
We know first-hand from the success of the LIF programme that the Malaysian
research base has huge untapped innovation potential. LIA Malaysia will bring
together the best and brightest Malaysian innovators and empower them to expand
their product reach to a global market.”

Head of International Activities at the
Royal Academy of Engineering Shane McHugh explained, “In our work in Malaysia
under the Newton Ungku-Omar Fund LIF programme, we have helped some fantastic
research entrepreneurs take the first steps in commercialising their great
ideas for solving local challenges.”

He added, “We are delighted that under the
Newton Ungku-Omar Fund, Oxentia and MIGHT will collaborate to take some of the
most exciting innovations we have come across, and turn them into sustainable
businesses which can create jobs and boost economic growth and social
development.”

MIGHT President and CEO Datuk Dr Mohd
Yusoff Sulaiman said, “MIGHT looks forward to working with our partners the
Royal Academy of Engineering, Oxentia and the Newton -Ungku Omar Fund to
further strengthen collaboration between the UK and Malaysia in the areas of
science, technology and innovation.”

He added, “The Malaysian LIA clearly
demonstrates the commitment from both countries to support sustainable
development by up-skilling our technology and innovation research base.”

Newton Fund Strategic Manager, in Malaysia,
Izza Ismail is enthusiastic about the programme’s potential to create
real-world research impact.

She said, “Build, explore, learn, create,
influence. The Newton-Ungku Omar Fund fully embraces the LIA Malaysia virtues
within our programmes to help develop and support research and innovation
collaborations between the UK and Malaysia.”

She added, “We have been funding quality
research projects since 2015 and have grown to realise the importance of
research translation and commercialisation. This is one of our key programmes
and we look forward to helping empower Malaysian entrepreneurs bring their
brilliant ideas to fruition”.

Applications close on 16 July 2018. Thirty
of the most promising teams will initially be shortlisted to join a three-day
boot-camp in Kuala Lumpur. Fifteen teams will then be selected for the
one-on-one 16-week mentored acceleration programme.

At the end of the programme participants will
pitch to international investors and potentially secure funding for what could
be South East Asia’s next Tech Unicorn.

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

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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.

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