Five Startups Pitch At Cyberview Living Lab Accelerator Demo Day
By Digital News Asia, Kiran Kaur Sidhu, October 18, 2018
Attracted interest for investment amounting to US$2.7 million
EPC Blockchain seeks to monetize carbon credits, Beebotic develops food delivery robots
Cyberview Living Lab Accelerator 2018 Demo Day saw five startups present their solutions. They are (from left) CheQQme, Touchless, MedKad, BeeBotic, EPC Blockchain
CYBERVIEW Sdn Bhd, the company leading Cyberjaya into becoming a tech hub, organized its Cyberview Living Lab Accelerator (CLLA) Demo Day 2018.
This year marked the program’s 11th cohort with five startups namely Beebotic, Cheqqme, EPC Blockchain, MedKad, and Touchless.
“We have the aspiration to make Cyberjaya into a global tech hub in five to ten years. In the past three years, there has been a lot of progress with the mushrooming of startups and growth of multinational companies,” said Siti Shafinaz Mohd Salim, the acting head of technology hub development at Cyberview.
The demo day attracted interest for investment amounting to US$2.7 million (RM11.2 million) from investors and venture capitalists. Under the guidance of Cyberview and the program manager, Finnext Capital, the startups participated in a five-month-long process of mentorship before the demo day.
First to pitch their solution was EPC Blockchain which aims to monetize carbon credits from energy projects to benefit small project developers.
The chief technology officer, Tan Lim Soon Fu explained how the platform works. “Using distributed ledgers to track energy generated and saved and the carbon emission, we can aggregate carbon credits from companies, help them monetize on that and do the settlement.” EPC Blockchain has also completed its integration of three projects with Hicom, Cyberview, and UEM Sunrise together under the purview of Finnext Capital.
Next to pitch was Touchless, a smart parking system using IoT, AI and Big Data technologies for easier and faster parking access. According to Mohammed Aljlal: “One-third of all parking operation hours are spent manually handling multiple parking systems. This results in higher initial and maintenance costs for owners.” The solution uses license plate recognition technology to allow quicker entry into parking lots and integration with e-wallet providers for easy payment by end-users.
As for MedKad, it is a startup offering cost-effective solutions for companies to manage staff medical benefits. MedKad is the second startup founded by Ezuan Yaacob after selling his first startup, Job4Locum, to a Japanese company. With a background in the health-tech industry, Ezuan shared, “The idea for MedKad was triggered by seeing clinic owners facing payment problems from their panel providers. Also, employers have limited choice in terms of monitoring at reasonable prices.”
The fourth startup, Cheqqme, is a gamified marketing platform aimed at converting a company’s online users to walk-in users at stores. “Our mobile app activates user’s interest in certain campaigns but the user must finish the campaign in the physical shop itself,” says CEO and founder Wei Chee Lee, who has more than a decade of experience in digital marketing.
The final startup to present its solution was Beebotic, a food delivery robot. While its current focus is sushi restaurants which include Sushi Zanmai, the CEO Ahmad Ahsan said it can be deployed in other restaurants too. The company is raising funds to build an IoT-enabled robot that can be deployed anywhere in the world while being serviced and maintained remotely.
"We mostly work with new restaurants and interior designers to incorporate our robots since it requires its own track," he said, explaining that this way Beebotic's robots do not intervene with humans on the floor.
"Our robots are designed to work 24 hours, addressing the hiring crisis of restaurants needing waiters for three separate shifts," Ahmad said, while also claiming that the robots can provide lifetime value with each robot built to last ten years.