Photo - Albert Chai Country Manager for Cisco in Malaysia.
Malaysian startups in the Internet of Things (IoT) sector being invited to the return of the Innovation Grand challenge from The Internet of Things World Forum (IoTWF) Committee, said networking solutions firm Cisco.
Cisco Malaysia country manager Albert Chai said that similar to last year, the company's Internet of Things Innovation Grand Challenge is aimed at startup businesses as these could feed the evolution of the IoT industry especially in the areas of applications, analytics, management and connectivity.
Chai said that this year, the City of Dubai is to host the third annual IoTWF (December 6-8, 2015), which will included the second edition of the Innovation Grand Challenge.
This global competition is to promote and accelerate the adoption of breakthrough technologies and products created by startups that will contribute to the growth and evolution of IoT in applications, analytics, management, security and connectivity, he said.
Last year, the 2014 IoT Innovation Grand Challenge brought in nearly 1,000 submissions from over 100 countries and awarded Berlin-based Relayr the grand prize. ASEAN submissions in 2014 numbered to 53, with four teams representing Malaysia. Primary industries addressed by entries included smart cities, education and healthcare.
Chai said that companies can submit applications starting from Monday, June 22 and these will be accepted through Friday, September 4th 2015 [see Cisco website]. Winners will be announced at the 2015 IoTWF. Judges will award US$250,000 in prizes to help winners further develop their startups. In addition, Cisco will provide winners with executive and expert mentoring and training.
"Cisco is encouraged by the level of participation seen from Malaysian startups at the 2014 IoT Innovation Grand Challenge and we hope to see more Malaysian interest for the challenge this year," he added.
"Malaysia is starting to enjoy a thriving startup landscape with strong government support through initiatives spearheaded by organisations such as the Multimedia Development Corporation (MDeC) and the Malaysian Global Innovation and Creativity Centre (MaGIC)," said Chai.
"No doubt as the local startup scene evolves, we shall start seeing greater innovations that will support IoT locally. Cisco is committed to supporting the growth of IoT technologies from these entrepreneurs while also being the driver of a more connected and secure Malaysia," he said.
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