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MRANTI Innovation Challenge

The Malaysian Research Accelerator for Technology and Innovation (MRANTI) is looking for innovations to improve and implement smart solutions that can convert the Technology Park Malaysia (TPM) into a future-ready and sustainable technology park in driving technology commercialisation in Malaysia. The theme for this Challenge is Smart Facilities. TPM spans across more than 600 acres of land in Bukit Jalil area and is looking for sustainable solutions on:

  • How could they provide a safer environment to the tenants and visitors across the large TPM area?
  • How might they provide an aesthetically pleasant and clean environment?
  • How can they have more green and sustainable technologies for public facilities to drive traffic to TPM?

The MRANTI Innovation Challenge is accepting submissions between 16 November 2021, 12:00 pm Malaysian time (GMT+8), and 23 December 2021, 3:00 pm Malaysian time (GMT+8). To apply please complete the application form. Prior to accessing the form, you will be required to register with MaGIC. There is no cost to participate in the MRANTI Innovation Challenge. 

Please review the Terms & Conditions before submitting your solution to the challenge; you will be required to declare that you have read and understood the document. 

About the challenge

Applicants are required to submit their full application form via MaGIC's Central website. 

Once submissions are closed, the co-organisers, together with a panel of subject experts will evaluate all applications to shortlist the top ten entries who will advance to the MRANTI Innovation Challenge Pitch Day. Submissions are selected based on:

  • quality of application; 
  • relevance of the innovation (product or service); 
  • significance of the innovation (product or services); 
  • feasibility and scalability of the business model; 
  • commitment and expertise of execution team; and 
  • previous track record combined with future vision 

Upon successful selection for the MRANTI Innovation Challenge Pitch Day, you will be required to provide:

  • A detailed pitch deck, outlining your solution and anticipated outcomes/results, how the solution relates to the problem statements, business model, financials (historic and projected), and credentials of the management team. 

Prize

Overall there will be 3 winners for the MRANTI Innovation Challenge and each winner is entitled to:

  • RM 5,000 cash prize
  • in-kind benefits such as but are not limited to:
    • 3 months rental in TPM worth RM10,000
    • 6 months of rental subsidise rate 50% worth RM10,000
    • contract for services worth RM 5,000
  • Other intangible benefits such as but are not limited to:
    • Access to other startups or companies within MaGIC & TPM networks
    • Potential opportunities for market validation initiatives with TPM partners

Criteria / Eligibility

You are eligible if you:

  • Are an aspiring entrepreneur with ideas or prototypes that are relevant to the theme of the challenge to be validated & developed;
  • Are a startup or a registered business entity in Malaysia with potential solutions that are relevant to the theme of the challenge;

If you are a startup or a registered business entity: 

  • Have been in operation and has a track record, either financially or commercially, for a minimum of 12 months; 
  • Have business operations within Malaysia, or have the intention and commitment to do so; 
  • Have a revenue-generating business model with a minimum viable product or market-tested prototype ready to be launched or available to be customised for the challenge;
  • Have a scalable growth strategy; 
  • Have a strong execution team.

Timeline

  • Date Start: 2021 Nov 16
  • Date End: 2021 Dec 23

MaGIC SI Team
https://www.mymagic.my/

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Prizes for MRANTI Innovation Challenge Winners