WITH global interest increasing in the Financial Technology (fintech) space, Cyberview is responding to the need for more fintech services by focusing on startups of this nature in its fourth Living Lab Accelerator Programme.

This latest installment of Cyberview’s Living Lab Accelerator Programme seeks to create new fintech startups from enterprises which are already at the tipping point of commercialising their innovations.

Fintech startups participating in the programme will also be able to work out of Cyberview’s collaborative space, CoInnov8.

CoInnov8 is spearheaded by Cyberview as part of the critical ecosystem that the tech hub enabler has put in place and is designed to provide a conducive environment for innovation to thrive.

It will provide a collaborative space for technopreneurs to converge and share ideas; a platform for startups to pilot and validate their innovations; and offers abundant collaborative partnership opportunities towards the commercialisation of these startups.

CoInnov8 was designed with technopreneurs in mind, functioning as a go-to place for ecosystem players to fine tune their ideas and acts as a launch pad for the evolution of innovation.

Part of the resources that startups would be provided with are access to coaching as well as end-to-end piloting and validation opportunities for their products and solutions. The collaborative space will also furnish startups with access to a network of industry players and regulatory bodies.

Cyberview is in collaboration with Finnext Capital in its latest accelerator programme to ensure that the participants are equipped with sufficient guidance and resources.

Finnext Capital is an innovation enabler consulting firm which provides professional advisory to both corporations and startups. It also develops an innovation ecosystem by investing in people and ideas through strategic partnerships, assists in capital funding, and connects startups to opportunities through its regional-wide network.

Jason Lee of Finnext Capital said that what differentiates Cyberview’s Living Lab Accelerator Programme is the built-in opportunities for startups to pilot and validate their innovations prior to the commercialisation stage, reaching beyond capital seeding and marketing.

“This is important to ignite innovation and development so that we can make way for the startups to be tech enablers themselves in Cyberjaya,” added Lee.

The five startups that have been shortlisted are fintech players Billplz, CurrenSeek, Otomate Me, and PrimeKeeper as well as IoT solutions-provider Future Integrated Networks.

Startups in this latest accelerator programme will not only be the first to work out of the CoInnov8 space, but would also have access to the recently established City Innovation Council (CIC).

The CIC is a body led by Cyberview and comprises Malaysia Digital Economy Corporation (MDEC), Malaysian Global Innovation & Creativity Centre (MaGIC), Malaysian Communications and Multimedia Commission (MCMC), Setia Haruman, and Sepang Municipal Council.

Cyberview managing director Faris Yahaya said that “the setting up of CIC is to guide the smooth implementation of Cyberjaya Smart City Projects, identify emerging challenges and strategic opportunities for the city, and put in place the drivers and enablers that will provide the opportunities for technology advancement in Cyberjaya.”

“Startups which are part of the fourth Cyberview Living Lab Accelerator Programme would be provided with the necessary exposure, guidance, and resources through our collaboration with Finnext Capital – which has the experience of working with the ecosystem, as well as through the platform we’ve created through the setup of the CIC.”

The total value of resources, facilities, and other assistance that Cyberview would be providing to each of the shortlisted startups in this accelerator programme is valued at approximately RM50,000.

Source : Digital News Asia | Nov 09, 2016

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