CYBERJAYA: The Cyberview Living Lab Accelerator (CLLA) 2021 Demo Day saw five homegrown startups pitch their innovative digital solutions to investors and venture capitalists (VC), in an online session held by Cyberview Sdn Bhd (Cyberview).
These solutions support the digitisation and transformation of sectors including educational technology (EduTech), property technology (PropTech) and industrial sectors, amidst changing business environment and consumer demands due to the on-going pandemic.
The participating start-ups are Roomah, Pandai, LinkUp Smart Solutions, Synapse Innovation, and Move Robotic.
The CLLA programme provides a launchpad for startups and innovators to accelerate their business development and growth in Cyberjaya. The city of Cyberjaya serves as a sandbox for these companies to conduct proof-of-concept testing of their products and solutions.
Cyberview’s head of technology hub development division, Shafinaz Salim, said, “I’m pleased to share that the CLLA have successfully garnered investments of over RM158 million cumulatively from renowned venture capitalists and investors. We are optimistic that this value will accelerate with the graduation of the 15th cohort. Their achievements thus far, have truly made us very proud. Despite the pandemic, they were optimistic and determined in developing and deploying their solutions.”
THE COHORT
To elevate homeowners’ living experience in the new normal, LinkUp Smart Solutions applies Internet of Things (IoT) and automation technologies to offer seamless interconnectivity in the home.
On the other hand, Roomah features a property management platform that flips vacant hotel rooms into medium-term rentals that cater to nomadic living trends among younger people.
Pandai on the other hand offers a curriculum-based learning application for home-bound school students while Synapse Innovation provides predictive analytics solutions powered by Machine Learning and Cloud technologies to boost industrial efficiencies.
Move Robotic provides autonomous robot services to empower companies that are considering remote capabilities for business sustainability in the new normal.
“The proliferation of consumer choice and demand in this new normal have driven local innovators to develop digital solutions to meet these expectations. We are thrilled to be able to support these start-ups as they take their business ideas to the next level through the Cyberview Living Lab Accelerator (CLLA) programme in Cyberjaya,” said Cyberview’s managing director, Najib Ibrahim.
The start-ups will have opportunities to network and connect with relevant industry experts during the five-month process of mentorship, strategy formulation, and consultancy, guided by Cyberview.
While they are based at a smart city collaborative space provided by Cyberview known as CoInnov8, the start-ups can enjoy value added services worth over RM100,000 on top of it.
“EduTech, PropTech, and other tech-based solutions developed by the latest cohort have growing potentials in the current business environment. The worldwide market for Robotic Process Automation (RPA) services will grow to US$12 billion in 2023, while PropTech is revolutionising the multi-trillion-dollar global real estate market and is expected to grow further in the new normal. The start-ups are on the right direction with their business ideas, and we are confident that it will peak the interests of investors and VCs,” added Najib.
Since its inception in 2013, Cyberview has nurtured 85 start-ups to advance their innovations under the CLLA Programme, including those that had pitched in this Demo Day.
Apart from the RM158 million in investments, the programme has also managed to help start-ups generate more than RM241 million in total revenue with more than 550 jobs created to date.
Among the successful graduates are NEXPlatform, ERTH, Moovby and Govicle. – The New Straits Times