Seven start-ups from the 18th Cohort of the Cyberview Living Lab® Accelerator (CLLA) programme recently registered interests of more than RM36 million and over 30 partnership interests from investors, funding agencies as well as corporate and industry partners during the recent Demo Day event held on 15th May 2024 at Rekascape organised by Cyberview Sdn Bhd.

The seven Cohort 18 start-ups are MengajiOnline.com, NexoPrima, MindnRobotics, SOLVNEX, Smartpeep, Bual Design, and BriqBloq. The current cohort focuses on offering digital and data-centric solutions for smart and green living, leveraging technologies such as artificial intelligence (AI), industrial Internet of Things (IoT), and robotics.

Cyberview Chief Executive Officer Kamarul Arifin Abdul Samad said: "Our CLLA programme is a well-established platform to uplift homegrown start-ups and companies to develop and commercialise their innovative ideas. With the recently announced KL20 Action Paper looking to further encourage start-up growth, we look forward to working with the government and relevant stakeholders, to establish a larger collaborative ecosystem to help our Malaysian innovators expand regionally and globally."

Kamarul also quoted Minister of Digital Gobind Singh Deo, who said 23% of Malaysia's economy was driven by digital. Start-ups and the tech sector will play a significant role in the MADANI Economy Framework, announced in 2023 with the provision of RM1 billion of funds to support local start-ups.

Cyberview had also recently worked with HFU Capital for the organisation of the Hunt for Unicorns International Venture Capital and Investment Forum - Cyberjaya Edition, together with Cradle Fund Sdn Bhd as the ecosystem partner,   where both Malaysian and China companies pitched for possible funding from Venture Capital, Angel investors and Private Equity firms from China, Taiwan, Hong Kong, Singapore, Indonesia, Cambodia, and Malaysia.   Cyberjaya companies i.e. Tigasfera Sdn Bhd and Alphaswift Industries Sdn Bhd, were among the top five startups who received investments valued at RM40,000 each. Both companies were part of the Cyberview Living Lab initiative.

"We look forward to having more events like these, as collaborations such as these are exactly what is needed to close the loop on efforts made to create a thriving start-up and VC  ecosystem in Cyberjaya," he said.

The Cyberview Living Lab Accelerator is hosted annually alongside ecosystem partners such as Cradle Fund Sdn Bhd, Malaysia Digital Economy Corporation (MDEC), Malaysia Debt Ventures Bhd (MDV), the Malaysian Technology Development Corporation (MTDC), 25 Startups, Leave A Nest, ATA Plus, PitchIN, 1337 Ventures, Nexea and the Malaysian Research Accelerator for Technology and Innovation (MRANTI).

Since its inception in 2013, the CLLA programme has helped start-ups raise over RM252 million in total investments and more than RM775 million in cumulative revenue. These start-ups have collectively impacted the economy by creating more than 1,400 jobs. 

Start-ups and companies participating in the CLLA enjoy incentives of over RM100,000 per start-up throughout the programme, including rent-free workspace at Colnnov8as well as  business advisory, and mentoring sessions to develop viable business models, and expand market reach.

With the conclusion of Cohort 18, Cyberview is looking out for start-ups with innovative products and solutions, in the areas of Smart Mobility, Smart Healthcare and Digital Creative to join the next cohort.  Interested start-ups can send in their applications at www.cyberview.com.my.

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