Organised by Cyberview Sdn Bhd, startups and companies from the Cyberview Living Lab® Accelerator (CLLA) programme garnered a total potential investments value of more than RM34 million during the CLLA Cohort 17 Demo Day held on 21 November at RekaScape.
Working in Artificial Intelligence and Health Tech, the startups created innovative products and solutions poised to challenge existing norms and address consumers’ needs. This year’s event started with presentations from CLLA’s Cohort 17, made up of Ever AI
Technologies, ProSales, Mesolitica, FAVORIOT, LekirTech, Beebag, HappyPreggie and Smartoptz Technologies; startups focusing on developing digital solutions across various sectors, including property, retail and healthcare, to service businesses and consumers.
Cyberview Chief Executive Officer – Kamarul Ariffin Abdul Samad shared that while undergoing the 5-month programme, these startups had a number of achievements, including forming 42 partnerships (with 42 more in the exploration stage), generating an average of more than 75% increase in cumulative revenue (since joining the CLLA programme) amounting to RM17.17 million and raised RM3.57 million in funds.
“Through the programme, they received a suite of benefits which included access to
facilities, business advisory and mentorship, networking, as well as market access opportunities. More than 60 mentoring hours consisting of practical support and guidance
from a diverse array of mentors, including seasoned venture capitalists, industry experts,
serial entrepreneurs, and founders, along with insights from leading technologists and
innovation strategists were conducted,” Kamarul Ariffin said.
Meanwhile, this Demo Day saw the return of several notable alumni pitching to raise funds for further growth and towards expansion plans. CLLA alumni comprising Qapital, Govicle,
Tracker Hero, Pandai and Moovby successfully raised potential investments of RM9 million at the event.
“But of course, all this wouldn’t have been possible without the support of our network of
investors and industry players, many of whom are here today. Thank you for partnering with us to grow and provide opportunities to the Cyberjaya startup ecosystem,” Kamarul Ariffin said.
The CLLA Demo Day event, powered by Growth Charger, was attended by 32 investors from various government agencies, angel investors, equity crowd funding partners, as well as international investors and venture capitalists virtually present from Indonesia, South Korea and Vietnam. This single-day event potentially raised investments totalling RM43.5 million for both Cohort 17 and alumni of the CLLA programme.
CLLA is also supported by various ecosystem partners, including Cradle Fund Sdn Bhd
(MYStartup), Malaysian Technology Development Corporation (MTDC), Malaysia Digital
Economy Corporation (MDEC), Malaysian Business Network Angel (MBAN), Malaysia Debt
Ventures (MDV), Malaysian Research Accelerator for Technology & Innovation (MRANTI), 25 Startups, Nexea, Leave a Nest (Japan & Malaysia), ATA Plus, PitchIN, 1337 Ventures and Business Startup Services Centre (BSSC), Vietnam.
“With a collaborative approach to innovation, Cyberjaya thrives on mutually beneficial
partnerships. We value our close relationships with various agencies and government-linked
companies (GLCs) in the ecosystem, the Ministry of Science, Technology and Innovation, the Ministry of Finance, investors, industry players and local stakeholders,” he said.
He added that Cyberview believes concerted efforts, such as through the CLLA, are key in
ensuring startups are provided with the right environment and support as well as given
necessary access to commercialise and scale beyond Malaysia.
With the conclusion of Cohort 17, applications for CLLA Cohort 18 are now open. Interested
startups can apply via the Cyberview website at www.cyberview.com.my. The closing date is 11 December 2023.