University Malaya Launched its Annual UM Deep Tech Accelerator!

University Malaya via the Universiti Malaya Centre of Innovation and Enterprise (UMCIE) launched its UM Deep Tech (UMDT) Startup Accelerator Program 3.0 on July 5th, 2023. This event is an inspiring and informative session that shed light on the groundbreaking technologies and innovations developed by university startups and their impact on shaping the future of our economy.

The ceremony was held at the Auditorium, Level 1, Research Management & Innovation Complex, UM from 11.00 am to 1.00 pm.  Attendees had a chance to engage with renowned speakers, gain valuable insights, network with like-minded individuals, and explore collaboration opportunities in the deep tech ecosystem. The fusion of academia and entrepreneurship was celebrated, highlighting the critical role of university startups in building a prosperous future.

UMCIE partnered with Yayasan Bank Rakyat to kick off UMDT 3.0. This accelerator is also supported by Origgin, Youth Ventures Asia, ReSkills, and AWS who recognize the significance of innovation and entrepreneurship within the academic ecosystem. The program launch was officiated by the Chairman of Yayasan Bank Rakyat, Datuk Philip Benedict Lasimbang, who expressed his honor in partnering with one of the top universities globally, Universiti Malaya.

During the event, Prof. Dr. Ivy Chung, Director of UM Centre of Innovation and Enterprise (UMCIE), provided insights and remarks on the successes of the first and second cohorts of the accelerator, highlighting the positive outcomes achieved by previous participants.

The session continues with a forum session titled "Powering Future Economy Growth With University Deep Tech Startups"  moderated by Ahmad Zakir Ja’afar, Senior Innovation Catalyst, TNB Commercialisation & Entrepreneur In Residence at UM. Distinguished panelists including Clarence Tan from Origgin Ventures Pte Ltd, Madhu Nambiar, co-founder and CEO of Uniresearch&Innovation Sdn Bhd (UMDT 1.0), Assoc. Prof. Ir. Ts. Dr. Lai Khin Wee, the founder and CTO of Biosight Sdn Bhd (UMDT 1.0), and Dr. Afnizanfaizal Abdullah, General Manager of the Ecosystem Development Division at MRANTI, have shared their expertise and insights on the potential of deep tech startups in driving future economic growth.

Each startup participating in the accelerator program will receive a grant of RM50,000, distributed by Origgin Ventures, and will have the opportunity to secure further investment of up to RM300,000.

This Launching Ceremony marks an important milestone in the deep tech startup ecosystem, bringing together key stakeholders to foster collaboration, innovation, and entrepreneurship. Don't miss out on this unique opportunity to witness the future of technology unfold.

For more information, please contact UMCIE at umcie@um.edu.my or call 03-7967 7351.

About UMCIE: The Universiti Malaya Centre of Innovation and Enterprise (UMCIE) is dedicated to nurturing and supporting innovation and entrepreneurship within the Universiti Malaya community. UMCIE serves as a catalyst in fostering collaboration between academia, industry, and the government to drive economic growth and societal impact through innovative solutions.

About Yayasan Bank Rakyat: Yayasan Bank Rakyat is a foundation established to provide educational and welfare assistance to Bank Rakyat's members and their families. The foundation plays an active role in promoting and supporting educational initiatives and programs that contribute to the development of individuals and society.

About Origgin: Origgin is a leading venture capital firm that focuses on early-stage investments in Southeast Asia. With a strong track record of supporting startups and a deep network of industry connections, Origgin aims to catalyze growth and create value for entrepreneurs.

About Youth Ventures Asia: Youth Ventures Asia is a platform that empowers young entrepreneurs and innovators in Asia by providing them with the necessary resources, networks, and mentorship to succeed. The organization aims to foster a vibrant startup ecosystem that drives sustainable economic growth in the region.

About ReSkills: ReSkills is a training and skills development organization committed to bridging the gap between education and employment. By equipping individuals with in-demand skills and knowledge, ReSkills helps them thrive in a rapidly evolving job market.

About AWS: Amazon Web Services (AWS) is a secure cloud services platform that offers a wide range of infrastructure services, data storage, and computing power. AWS provides startups with scalable and cost-effective solutions to build, deploy, and manage their applications, enabling them to focus on innovation and growth.