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Saturday, June 8, 2024

Plug and Play Hosts Inaugural Malaysia Expo Day in Kuala Lumpur


Plug and Play held the inaugural Expo Day for its newly launched Malaysia Accelerator program which seeks to accelerate the growth of the innovation ecosystem in the country by working with leading corporations and startups across the globe. The event featured pitches from 10 startups that were selected to be part of the first batch of its Malaysia-based accelerator program.

At the event, Khazanah Nasional (“Khazanah”) shared about the Future Malaysia Programme and its commitment to accelerating innovation within the country. Together with other Malaysian conglomerates such as CelcomDigi, Sime Darby Plantation, and EDOTCO Group, Plug and Play aims to scale the startups’ solutions and drive substantial socio-economic impact within Malaysia. The Malaysia Accelerator program focuses on pivotal founding themes such as Digital Society & Technology Hub, Sustainability & Climate Resilience, and Food Security & Agriculture.

Khazanah Managing Director Dato’ Amirul Feisal Wan Zahir said, “Khazanah, through our Advancing Malaysia strategy, is committed to nation-building and economic empowerment, in support of the government’s aspiration of bolstering the nation’s resilience, advancing economic transformation and improving socioeconomic outcomes. The Future Malaysia Programme, an initiative under Dana Impak, is a representation of that commitment specifically for local entrepreneurs, startups, and businesses to spur innovation and economic growth, by driving strategic collaborations within Malaysia’s startup and corporate venture ecosystem.”

“It is encouraging and exciting to be part of something that is driven by innovation, especially creating new synergies between startups and corporates. We are committed to collaborating with other companies and exploring new solutions in areas such as artificial intelligence/machine learning, IR4.0, Web 3.0, digital SME solutions, electrification, etc. This is further made possible through CelcomDigi’s Innovation Centre, which is dedicated to exploring and developing innovative technologies while creating a vibrant ecosystem where startups can thrive and make a meaningful impact,” shared T. Kugan, Chief Innovation Officer, CelcomDigi.

“Sime Darby Plantation takes pride in contributing to the development of Malaysia’s innovation ecosystem. Transformative solutions to navigate the contemporary challenges confronting our world can come from anyone, anywhere. It is therefore important that we support opportunities and platforms for these ideas to shine, whilst fostering an environment that nurtures ingenuity.

As a company that is committed to revolutionize century-old ways of working in oil palm plantations, we understand too well the importance of collaborating with innovative technology partners. Reducing the reliance on manual labor through mechanization, automation, and digitalization is a transformative shift that requires more than just a change in mindset. It demands an overhaul of our operational approach, including the development and application of bespoke machines and technological solutions that suit our specific needs.

The Malaysia Accelerator Program is exciting for us because it presents the potential for synergies that can help us explore these solutions and elevate our internal capabilities. We are looking forward to the prospect of working with participating start-ups in this program and reinforcing our commitment to shaping a better future for our industry.” said Dr Shariman Alwani, Chief Strategy and Innovation Officer, Sime Darby Plantation.

Kevin Chong, Director of Digital & Analytics at EDOTCO Group mentioned, “At EDOTCO Group, we are immensely proud to collaborate with Plug and Play Malaysia. This partnership offers us a unique opportunity to tap into a wealth of innovative ideas and technologies presented by global startups. By engaging in this vibrant ecosystem, we gain access to cutting-edge solutions that enhance our capabilities. Through our participation in this initiative, we benefit directly from the dynamic and creative energies of these emerging start-ups. We are excited to leverage these new relationships to further our vision of a connected, technologically empowered, and environmentally conscious Malaysia.”

“The inaugural Plug and Play Malaysia Accelerator Expo Day has been a tremendous success, and we look forward to the potential outcomes for the startups that have successfully completed our program,” said Jupe Tan, Managing Partner at Plug and Play APAC. “As we expand our activities in Malaysia, we are excited to continue our partnerships with the leading Malaysian conglomerates to contribute to the robust innovation ecosystem in the country.”

In addition to startup pitches, the Expo Day featured a keynote address by Fairul Azida Shahabudin, Deputy Undersecretary, Technology Transfer and Commercialisation of R&D Division, Ministry of Science, Technology, and Innovation. Fairul Azida Shahabudin shared valuable insights into the current state of Malaysia’s innovation ecosystem, policies that have created a positive impact on startups, as well as the government’s vision for the future.

The Plug and Play Malaysia Expo served as a platform for knowledge exchange, collaboration, and networking among key stakeholders in the innovation landscape. Plug and Play looks forward to continued collaboration with its strategic partners and the vibrant Malaysian startup community to drive innovation and contribute to the growth of the country’s thriving ecosystem.

Find out more about the Plug and Play Malaysia Accelerator Program: Click Here

The 10 startups from the inaugural Malaysia Accelerator program include:

Alphaswift provides customized drones (UAV) and robotics design and development for industrial clients.

Bizbaz are catalysts of transformation, merging cutting-edge AI, data analytics, and behavioral science to redefine industries. Pioneers in innovation, they empower businesses and individuals with profound insights, enabling these parties to make informed decisions that drive positive change.

CropX, an innovative ag-analytics company, is leading farmers around the globe into the era of connected soil. Its user-friendly, cloud-based soil sensor platform delivers the soil intelligence farmers need to dramatically increase crop yield and reduce water, fertilization, and energy costs.

Dagangan is the trusted rural commerce platform revolutionizing access to affordable daily necessities for rural communities in Indonesia. With a mission to tap into the $131B untapped potential, Dagangan proudly serves 87% of Indonesia’s population.

Hillridge has built a platform to help farmers buy targeted, affordable insurance against climate extremes such as droughts, typhoons, heat stress, and too much rain.

LOHUM powers next-gen li-ion battery mobility & energy solutions; gives batteries multiple lives through reuse technology, and makes battery materials last forever through lithium ion battery recycling.

SEADLING utilizes innovative bio-manufacturing technology to transform sustainably farmed seaweed into the highest quality, nutrition-rich products.

SenseGrass is a Soil Intelligence Platform that helps companies and farmers to reduce the excessive nitrogen and fertilizers from the soil, using a patented NPK sensor and optimizing the crop data through Artificial Intelligence Agronomist to grow better with low fertilizer intake to make future of food.

Tanalink is a Malaysian Agritech firm with a mission to equip tropical plantations with innovative solutions that improve operational efficiency, minimize losses, and increase sustainability and yields.

Transitry leverages AI, satellite data, and smart devices to offer nature-based solutions for reversing climate change.


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