MARK ROZARIO CEO OF AGENSI INOVASI MALAYSIA
Agensi Inovasi Malaysia (AIM) added 58 new Innovation Business Opportunities, with an estimated Year Three revenue-making potential of RM1.911 billion, to its existing pool of 142 IBOs.
AIM has translated technical researcher talk into opportunity-focused, business-friendly language.
Each IBO not only homes in on the innovation and technology solutions, it also presents the project business idea, business model, market and competitor analyses, business requirements and most importantly, the financial projections so that entrepreneurs can clearly see revenue.
Among the notable IBOs, on offer to the public via open and transparent bidding process, is GridMarkets, a private marketplace for institutions to sell their excess CPU computing capacity to other institutions with high computational needs in areas such as media and entertainment, engineering, biotech/pharmacy and financial services.
In a similar vein, a Malaysian company has identified an opportunity to capture wasted kinetic energy from moving vehicles on our roads and converting it into electrical energy.
Those interested to take up these 58 innovative business opportunities would need to participate in the transparent, competitive bidding via the official AIM website, www.innovation.my.
The other 142 IBOs, as well as technology profiles of Malaysian IPs are available on the ‘Khazanah Hak Intelek Malaysia’ portal www.khim.my.
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