Cyberview Living Lab Accelerator demand-led cohort registers strong investment interests following demo day
By Digital News Asia December 29, 2021
- Startups leveraged AI, HealthTech to develop innovative products & solutions
- Cohort collectively garnered potential investment value of more than US$3.3 mil
The Cyberview Living Lab Accelerator (CLLA) 2021 Demo Day saw five bright homegrown startups pitch their innovative digital solutions to investors and venture capitalists (VC), in a virtual session held by Cyberview Sdn Bhd (Cyberview). The venture capitals who attended the session were CRADLE, Penjana Capital, Malaysia Business Angel Network, Nexea, Vynn Capital, The Hive Southeast Asia and RHL Ventures.
According to Cyberview, these startups leveraged technologies like Artificial Intelligence (AI) and HealthTech among others to develop innovative products and solutions to meet consumer demands for more digital solutions and services, whilst contributing to the growth of Malaysia’s digital economy.
The participating startups are Klean, Supagene, HIVE, Guardians AI (BeacoHealth) and Dwebly. To elevate user experience, HIVE introduces Malaysia’s first car detailing ecosystem app that offers customers convenience and rewards, whilst Dwebly offers an all-in-one business platform to help entrepreneurs grow their businesses online from the ground up.
Klean develops an AI driven recycling platform that promotes recycling through incentivisation whilst SupaGene offers a DNA test kit that helps users learn and achieve their wellness objectives. Additionally, Guardians AI brings smart healthcare gadgets that can enhance the safety and living quality of the elderly in care centres.
Najib Ibrahim (pic left), managing director of Cyberview said the company is committed to helping local innovators build and commercialise their businesses while actively latching on the tech ecosystem in Cyberjaya.
“This cohort was chosen primarily for their ability to tap into opportunities that are beyond conventional spaces, hence addressing gaps in the marketplace.
“We are also looking into ensuring that the startups are provided with the means to scale quickly in which access to funding is vital. Therefore, earlier this month, we signed a Memorandum of Understanding with Malaysia Debt Ventures Berhad to open up access to funding for businesses to accelerate within the Cyberjaya tech ecosystem,” Najib said
“This is part of our effort in constantly perfecting Cyberjaya’s offerings, which we believe must rise in tandem with the increasing demands of the tech industries," he added.
Immediately following the Demo Day, this cohort has collectively garnered potential investment value of more than US$3.3 million (RM14 million).
Najib further expressed his confidence that this cohort will find commercial success looking at the encouraging outcome of the Demo Day.
“Our latest cohort’s focus on Smart Healthcare, Smart Mobility, and AI stems from the tremendous potential that these areas and technologies bring to Malaysia’s digital economy. It is our hope that they can capture the immense value from these technologies, as they move into commercialisation,” Najib said.
The CLLA programme provides a launchpad for startups and innovators to accelerate their business development and growth in Cyberjaya. The entire city of Cyberjaya serves as a sandbox for these companies to conduct proof-of-concept testing of their products and solutions.
The startups will also 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 startups can enjoy value added services worth over US$23,900 (RM100,000) on top of it.
[RM1 = US$0.239]
Since its inception in 2013, Cyberview has nurtured 85 startups to advance their innovations through 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 startups generate more than RM276 million in total revenue with more than 709 jobs created to date.
Among successful recent graduates are MHub, MedKad, Roomah, Pandai, Synapse Innovation, LinkUp Smart Solutions and Move Robotic.
About the Cyberview Living Lab Accelerator (CLLA) Programme Cohort 16 Start-Ups
1. Klean offers Artificial Intelligence (AI) driven vending machines that encourage recycling by incentivising reward points that can be turned into e-credit. Website: https://www.klean.asia
2. Supagene is a HealthTech startup that offers a convenient and dependable home-based DNA testing and personalised wellness solution for consumers who want to discover the best approaches to achieve their wellness objectives. Website: https://www.supagene.asia
3. HIVE is Malaysia's first automobile application that connects the dots for motorists from the moment they book their reservation for a car wash to sending their car in for detailing. Website: https://www.hiveapp.asia
4. Guardians AI (BeacoHealth) is a smart healthcare business that delivers intelligent gadgets capable of enhancing the quality and safety of care for the elderly through automation and AI-powered technologies, relieving caregivers of repetitive tasks and freeing up their time for more compassionate care. Website: https://www.guardiansai.com
5. Dwebly offers an all-in-one business platform that creates technological solutions to help SMEs grow their business online. Website: https://www.dwebly.com
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