[This is a sponsored article with MRANTI.]
Since 2014, the Malaysian Ministry of Science, Technology and Innovation (MOSTI) has been hosting the Malaysian Commercialization Year Summit (MCY Summit) every year.
It is designed as a platform to promote and accelerate research innovation and product commercialization in both domestic and international markets.
The eighth annual MCY Summit 2024 will be held at the Kuala Lumpur Convention Centre from 12-13 August 2024.
Spotlight on emerging innovations
The first day of the conference will focus on the future of Malaysia’s biotechnology, space technology and hydrogen economy.
Did you know: The hydrogen economy is an umbrella term for the role hydrogen plays alongside low-carbon electricity in reducing greenhouse gas emissions.
Image courtesy of MCY Summit
The MCY Summit 2024 will kick off with a panel discussion on “What will Malaysia look like as a global hub for biotech innovation and accessible healthcare?”
ALPS Global Holding’s cell therapy solutions developed through stem cell research demonstrate Malaysia’s biotech potential. These advances are positioning the country as a medical tourism hotspot, attracting both local and international customers.
But to make it happen on a larger scale, regulatory hurdles, funding, and talent development challenges must first be overcome, and the panelists will explore potential solutions.
Panelists included Dr Tham Seng Kong, CEO of ALPS Group, Professor Dato’ Dr A Rahman Jamal, Senior Principal Investigator at the University of the National University of Malaysia’s Institute of Medical Molecular Biology (UMBI), Dr Iffah Izzati Binti Zakaria, Senior Scientist at the Malaysian Genomic and Vaccine Institute (MGVI), and Dr Ami Fazlin Syed Mohamed, Director of the Institute of Medical Research (IMR).
We will discuss the importance of collaborative research and explain the support policies needed for further commercialization.
ALPS Global Holding Team / Image courtesy of ALPS Global Holding
Next, Ministers from MOSTI and the Ministry of Natural Resources and Environmental Sustainability (NRES) will discuss the adoption of hydrogen as a sustainable energy source in Malaysia.
The two ministries will share insights to support the energy transition with data on technology, innovation, policy, finance and investment. This dialogue is crucial as Malaysia aims to reduce carbon emissions by 45% by 2030 and achieve net zero by 2050. The two ministries will exchange views on the policy framework for the national energy transition and hydrogen economy roadmap.
Image courtesy of: IRENA
The MCY Summit 2024 will also explore the country’s engagement in space technology.
Did you know: Space tech includes everything from satellites and other equipment to the human aspects of space travel, including space flight, physics, chemistry and biology.
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Led by the Malaysian Space Agency (MYSA), the government estimates that the space sector could bring in RM10 billion to the economy by 2030.
“The initiative will stimulate the growth of 500 space-related technology start-ups, create around 5,000 jobs and spur innovation in the sector,” MOSTI’s Chan Lee Kang told the New Straits Times.
MYSA will be taking part in the panel discussion alongside Uzma Berhad (an energy solutions provider) and Access Partnership (a technology consulting company).
They stress the importance of a unified policy approach, public-private partnerships and international collaboration, which is essential to propel Malaysia’s space technology ambitions from policy formulation to successful on-orbit missions.
Malaysian Space Agency team / Image credit: Malaysian Space Agency
Other events to anticipate
In addition to the discussions on the event’s main stage, you can also check out the satellite talks at MCY Summit 2024 to deepen your knowledge on commercializing innovation.
Image courtesy of MCY Summit
These include shares from MyIPO to enhance your understanding of how Intellectual Property Rights (IP) can drive business growth in Malaysia’s entrepreneurial environment.
Cradle Fund will also be sharing the latest trends in technology funding and available grant and investment programs available to innovators and researchers.
Richard Carr is another keynote speaker to watch out for at MCY Summit 2024. He will elaborate on how entrepreneurs can leverage their personal brand to increase market visibility for their startup.
The MCY Summit 2024 will also host an awards ceremony to recognise promising Malaysian researchers and innovators.
The Summit exhibit also allows you to watch live demos and experience our award-winning solutions first-hand.
Image courtesy of MCY Summit
Overall, the event will be an opportunity for you to join over 80 companies and 10,000 attendees who are at the forefront of tech innovation in Malaysia. Entry is free, so fill in your details and let us know your interest here.
For more information on the Malaysian Commercialisation Year Summit 2024, click here. For more articles on Malaysian startups, click here.
Featured image credit: MCY Summit 2024
