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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.
By Digital News Asia May 4, 2021
KIIC winners to receive US$72K grant, potential follow-on investment by Khazanah
Seeks tech and non-tech solutions for affordable healthcare, ageing community support
THE KHAZANAH Impact Innovation Challenge (KIIC) is calling for impactful business proposals and game-changing models to participate in the growth and scaling-up of affordable services that support the Malaysian ageing community to “age in place”.
The business competition, themed “Enhancing Ageing Services for Malaysian”, seeks 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.
Malaysia consolidates two tech-related government agencies TPM, MaGIC
The KL Tower is seen, with a background of the cityscape in Kuala Lumpur, Malaysia.
April 21, 2021
Two of the government agencies under Malaysia’s Ministry of Science, Technology and Innovation (MOSTI) will be restructured through a consolidation process that will create a new technology commercialisation agency.
This new mandate, which was approved by the Cabinet on Wednesday, will act as a technology commercialisation accelerator, the ministry said in a statement.
The synergy will bring together Technology Park Malaysia (TPM) and the Malaysian Global Innovation and Creativity Centre (MaGIC).
TPM is the only 4th generation technology park in Malaysia with physical incubators and tech infrastructure, while MaGIC has played an important role in cultivating technology startups and innovation ecosystem with a wide range of interventions ranging from regulatory facilitation, market access support as well as ca
Mosti consolidates TPM, MaGIC
PETALING JAYA:
The Science, Technology and Innovation Ministry (Mosti) is consolidating its two agencies Technology Park Malaysia (TPM) and the Malaysian Global Innovation and Creativity Centre (MaGIC) to create a new technology commercialisation agency to accelerate Malaysia journey towards an innovation-driven economy.
The restructuring exercise, which was approved by the Cabinet today, will combine TPM’s capabilities as a physical incubator and tech infrastructure with MaGIC’s role in cultivating tech startups and innovation along with its regulatory facilitation, market access support and capacity-building capabilities.
With the initiative, the ministry aims to be better equipped to address issues such as low commercialisation rates, low gross domestic expenditures on R&D, low R&D spend by the private sector, and overlapping of roles between government agencies.