MDEC and the Open Data Institute (ODI) Back Data Driven Startups
The Malaysian Digital Economy Corporation (MDEC) has been one of the main driving forces behind the digital transformation of Malaysia. The company has been actively involved in pushing the country’s digital services including animation and digital skills to the world stage. In addition, MDEC has also been actively involved with cultivation of talent relevant to the growing digital economy.
“Malaysia, and more generally ASEAN is a fertile ground for data-enabled innovation, and we are delighted to contribute to the strong data literacy, growing tech community, and entrepreneurial mindset in the region. The idea that data could enable innovation if it were more widely shared was a new concept, and we are delighted that startups on the programme are taking steps to place BDA at the heart of their business.”
– Orsola de Marco, Head of Startups at the Open Data Institute
One of their many efforts is a joint effort with the Open Data Institute (ODI) in which startups are put through a series of bootcamps to cultivate network, business and data skills. The ASEAN Data Startup Accelerator (ADSA) is a six-month programme is conducted in the ASEAN Data Analtyics Exchange (ADAX). During the programme, participants will be part of a community of startups. As part of this community they have access to peer learning and support, a global network of mentors, previous ODI startups and a diverse startup training curriculum. These startups will also be able to take advantage of hands-on support in the area of business development and relationship building with MDEC and ODI.
ADSA has just seen the graduation of its first 19 data driven start ups on 10 April 2018. These startups have emerged from the over 110 applications from regional and international startups in two cohorts in 2017. Working their way through the 20 shortlisted startups; 10 of which are Malaysian. Several of these shortlisted startups have already been identified by large institutions including Allianz Malaysia Berhad, Axiata Business Services Sdn Bhd, and Nanotechnology & Catalysis Research Centre (NANOCAT), University Malaya.
The startups which have successfully completed the programme are include Ankring, Bildeco, Cityplan, CropBase, Edukasyon, Floodsensed, Groundwork, ImpacThor, Katsana, Lorax AI, Missionready, POD, Rentguard, Tunemap, Urbanetic, VNiaga, Vase.AI, WRZIT, and YConnecta.
“I am excited that more startups are now looking at Data Technologies as a way to move their businesses forward. A lot has been invested in Malaysia and the ASEAN region in opening data at a government level, but not many startups are utilizing the data made available. We believe that this platform will be a great launch pad to promote data literacy and also nurture relevant skills on Big Data Analytics and Artificial Intelligence that is crucial to local and regional digital economy growth.”
– Dato Ng Wan Peng, Chief Operating Officer of MDEC
Also published on Medium.