KUALA LUMPUR: The Khazanah Impact Innovation Challenge (KIIC) is calling for impactful business proposals from the public with game-changing models to participate in the growth and scaling-up of affordable services that support the Malaysian ageing community to ‘age in place’.
In a statement, Khazanah said the competition, themed ‘Enhancing Ageing Services for Malaysians’, sought to address current gaps in the industry and prepares the country as it heads towards Ageing Nation status by 2045, in which 15% of the Malaysian population will be aged 65 years old and above.
KIIC is an initiative by Khazanah Nasional Bhd and an expansion of Khazanah’s strategic investments mandate, including identifying new sectors to spur economic growth and boost the country’s competitiveness to deliver long-term sustainable wealth for Malaysians.