Accelerating Smart City Innovations
Writer: Tara Yean
For every problem, there is a solution. For every task, someone will eventually create an app to make things easier. Under the 4th Cyberview Living Lab Accelerator Programme (organised with Finnext Capital), there lies proof that when people are given the right platform and support, innovation takes flight.
During Demo Day, five fintech and IoT startups share the limelight by participating in the accelerator programme and demonstrated the workings of their innovations. It also allowed the startups to pitch their business models and propel their ideas towards commercialisation.
“By working out of our collaborative workspace (CoInnov8), these startups were given access to a whole host of resources that they would need. This is a large part of what Cyberview is doing to drive Cyberjaya’s positioning as a Living Lab for tech and smart city solutions,” states Dato’ Faris Yahaya, managing director of Cyberview Sdn Bhd.
The selected startups were provided with resources, facilities and other assistance valued at RM50,000 for each of them to be investment-ready. These resources include high quality mentorship in marketing, legal, IT and fundraising as well as leveraging on a network of investors, mentors and entrepreneurs.
“These startups all aim to disrupt conventional approaches to how things are done and they recognise certain gaps in the market. Their ideas orbit around solutions that feed into a smart city’s needs. Therefore, the Cyberview Living Lab Accelerator is a perfect platform for them to grow their ideas into game-changing enterprises,” adds Wilson Beh of Finnext Capital Sdn Bhd.
The five startups participating in the 4th Cyberview Living Lab Accelerator Programme are fintech players Billplz, CurrenSeek, Otomate Me and PrimeKeeper as well as IoT solutions provider TrackerHero.
This report is originally written by Tara Yean for the April issue of Business Today magazine. Business Today is a sister publication of PC.com magazine, the print version of liveatpc.com.