[This is a sponsored article with MRANTI.]
Since 2014, the Ministry of Science, Technology, and Innovation (MOSTI) has hosted its annual Malaysia Commercialisation Year Summit (MCY Summit).
It’s designed as a platform to boost and accelerate the commercialisation of research innovations and products in both local and international markets.
Now in its eighth edition, MCY Summit 2024 will be held at Kuala Lumpur Convention Centre between August 12-13, 2024.
Spotlighting emerging innovations
The first day of the conference will spotlight Malaysia’s future in biotech, spacetech, and the hydrogen economy.
Did you know: The hydrogen economy is an umbrella term for the roles hydrogen can play alongside low-carbon electricity to reduce emissions of greenhouse gases.
MCY Summit 2024 will kick off with a panel asking: What will Malaysia look like as the global hub for biotech innovation and accessible healthcare?
ALPS Global Holding‘s cellular therapy solutions, developed through stem cell research, showcase Malaysia’s biotech potential. These advancements position Malaysia as a medical tourism hotspot, attracting both local and international clients.
However, to get there on a larger scale, challenges in regulatory hurdles, funding, and talent development must first be overcome, and the panellists will explore potential solutions.
The panellists will feature ALPS’ Group CEO Dr Tham Seng Kong, Professor Dato’ Dr A Rahman Jamal, a Senior Principal Research Fellow at Universiti Kebangsaan Malaysia Medical Molecular Biology Institute (UMBI), Dr Iffah Izzati Binti Zakaria, a Senior Scientist at Malaysia Genome and Vaccine Institute (MGVI), as well as Dr. Ami Fazlin Syed Mohamed, Director at the Institute for Medical Research (IMR).
They will discuss the importance of collaborative research and cover the supportive policies required for further commercialisation.
Next, ministers from MOSTI and the Ministry of Natural Resources and Environmental Sustainability (NRES) will discuss integrating hydrogen as a sustainable energy source in Malaysia.
They will share insights on supporting energy transitions with data on technology, innovation, policy, finance, and investment. With Malaysia aiming to cut carbon emissions by 45% by 2030 and reach net zero by 2050, these dialogues are vital. The ministries will exchange ideas on policy frameworks for the National Energy Transition and Hydrogen Economy Roadmap.
MCY Summit 2024 will also explore the country’s involvement in spacetech.
Did you know: Spacetech encompasses everything from satellites and other instruments to the human aspects of space travel, such as astronautics, physics, chemistry, and biology.
Feedough
Led by the Malaysian Space Agency (MYSA), the government projects the space sector could add RM10 billion to the economy by 2030.
“This endeavour is set to catalyse the growth of 500 space-related technology startup companies, creating around 5,000 job opportunities and fostering innovation within the sector,” MOSTI’s Chang Lih Kang told New Straits Times.
MYSA will be joined by Uzma Berhad (an energy solutions provider) and Access Partnership (a technology consultancy firm) in a panel discussion.
They will emphasise the importance of a cohesive policy approach, public-private partnerships, and international cooperation. This collaboration is crucial to propel Malaysia’s space technology ambitions from policy formulation to successful orbital missions.
Other happenings to anticipate
Besides the main stage discussions featured at the event, you can also check out MCY Summit 2024’s satellite talks to build your knowledge in commercialising innovations.
They include sharings from MyIPO, which will grow your understanding of how intellectual property (IP) rights can drive business growth in Malaysia’s entrepreneurial landscape.
You’ll also get to hear from Cradle Fund on some current trends in technology funding, as well as available grants and investment programmes offered to innovators and researchers.
Richard Ker will be another keynote speaker to watch out for at MCY Summit 2024. He’ll delve into how entrepreneurs can leverage their personal brand to enhance their startup’s market visibility.
MCY Summit 2024 will also be hosting an award ceremony to recognise promising researchers and innovators in Malaysia.
You’ll even get to watch live demos and interact with these winning solutions at the summit’s exhibitions.
Overall, this event is an opportunity to join over 80 companies and 10,000 participants in spearheading Malaysia’s technology innovation. Admission is free, so register your interest here with your details.
- Learn more about the Malaysia Commercialisation Year Summit 2024 here.
- Read other articles on Malaysian startups here.
Featured Image Credit: MCY Summit 2024
