Cyberview’s Accelerator Programme Nurtures 7 Startups for Smart Cities Innovation

Date:

Seven local startups have been selected to participate in Cyberview’s Living Lab Accelerator (CLLA) Programme, aiming to accelerate their growth and development to commercialize innovative solutions for smart cities. The chosen startups, including MengajiOnline, NexoPrima, MindnRobotics, Solvnex, SmartPeep, Bual Design, and BriqBloq, will focus on technologies like artificial intelligence (AI), Industrial Internet of Things (IIoT), and robotics.

The five-month programme is designed to help these startups achieve Product-Market-Fit, ensuring they meet market demands. Participants will receive support for research and development, networking opportunities with industry experts, and connections both domestically and internationally through Cyberview.

Shafinaz Salim, head of the Technology Hub Development Division at Cyberview, expressed the organization’s commitment to supporting startups through this program. She highlighted the importance of innovation in areas such as generative AI and robotics, emphasizing the goal of not only testing solutions in Cyberjaya but also expanding into new markets.

Participants in the 2024 cohort will benefit from incentives totaling over US$21,000 (RM100,000) per startup, including rent-free workspace at Colnnov8, business advisory, mentoring, and the opportunity to pitch their solutions at a Demo Day to potential investors and partners.

With a decade-long history of nurturing startups, the CLLA programme has facilitated over 98 startups, attracting investments exceeding US$53.7 million (RM255 million) and generating over US$167 million (RM792 million) in revenue. The program has also created more than 1,400 job opportunities.

Notable alumni of the programme include TheLorry, MoneyMatch, Medkad, MHub, Supagene, Monsta, BillPlz, and Trackerhero. By offering a platform for funding, partnerships, market validation, and commercialization, the CLLA program continues to support startups in harnessing technology and addressing significant challenges in the market.

See also  Microsoft Developing AI Chip for Chat GPT to Follow Apple's Model

Frequently Asked Questions (FAQs) Related to the Above News

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

Advait Gupta
Advait Gupta
Advait is our expert writer and manager for the Artificial Intelligence category. His passion for AI research and its advancements drives him to deliver in-depth articles that explore the frontiers of this rapidly evolving field. Advait's articles delve into the latest breakthroughs, trends, and ethical considerations, keeping readers at the forefront of AI knowledge.

Share post:

Subscribe

Popular

More like this
Related

Revolutionizing Liquid Formulations: ML Training Dataset Unveiled

Discover how researchers are revolutionizing liquid formulations with ML technology and an open dataset for faster, more sustainable product design.

Google’s AI Emissions Crisis: Can Technology Save the Planet by 2030?

Explore Google's AI emissions crisis and the potential of technology to save the planet by 2030 amid growing environmental concerns.

OpenAI’s Unsandboxed ChatGPT App Raises Privacy Concerns

OpenAI's ChatGPT app for macOS lacks sandboxing, raising privacy concerns due to stored chats in plain text. Protect your data by using trusted sources.

Disturbing Trend: AI Trains on Kids’ Photos Without Consent

Disturbing trend: AI giants training systems on kids' photos without consent raises privacy and safety concerns.