Latest news with #BengkelInovasiGLC
The Star
3 days ago
- Business
- The Star
GLCs to co-create with startups under Cradle's BIG innovation initiative
PETALING JAYA: The Ministry of Finance (MOF), Ministry of Science, Technology and Innovation (MOSTI) and Cradle Fund Sdn Bhd have selected eight government-linked companies (GLCs) under the Bengkel Inovasi GLC (BIG) programme. The companies are Bank Islam Malaysia Bhd, CelcomDigi Bhd, Edotco Group Sdn Bhd, Malaysia Aviation Group Bhd, Sime Darby Property Bhd, S P Setia Bhd, Tenaga Nasional Bhd and Cenviro Sdn Bhd. In a release, Cradle stated the GLCs were selected for their innovative technology applications, particularly in digital and AI — showcasing clear potential to improve operational efficiency, support business growth and scale across their respective industries. They also demonstrated strong partnership models with local and global startups, reinforcing the collaborative spirit of BIG programme. "Over the next six months, the selected GLCs will collaborate with in-house innovation teams, startups and venture builders through either the Venture Client Track, the Venture Co-Creation Track, or a combination of both. Each will develop a proof-of-concept, culminating in a Demo Day that paves the way for real-world deployment and co-created ventures," the release noted. Startups interested in collaborating with GLCs are encouraged to submit their interest via BIG's website at
The Sun
3 days ago
- Business
- The Sun
Eight GLCs chosen for Bengkel Inovasi GLC programme with RM10.7 million grants
PUTRAJAYA: Eight government-linked companies (GLCs) have been chosen to participate in the Bengkel Inovasi GLC (BIG) programme, a joint initiative by the Ministry of Finance (MOF), the Ministry of Science, Technology and Innovation (MOSTI), and Cradle Fund Sdn Bhd. Each selected GLC will receive matching grants of up to RM2 million, totalling RM10.7 million in funding. The participating GLCs are Bank Islam, CelcomDigi, EDOTCO, Malaysia Aviation Group, Sime Darby Property, S P Setia, Tenaga Nasional Bhd, and Cenviro. According to Cradle, the selection was based on their use of innovative digital technology and artificial intelligence (AI) to improve operational efficiency and business growth. 'The selection of the GLCs is based on the use of innovative digital technology and artificial intelligence (AI) that have been highlighted and have high potential to enhance operational efficiency, support business growth and scaling in their respective industries,' said Cradle. MOSTI Minister Chang Lih Kang emphasised that BIG aligns with the government's efforts to bridge the gap between startups and corporations. 'MOSTI is proud to support this initiative through the National Technology and Innovation Sandbox (NTIS) and our deep tech network,' he said. Finance Minister II Datuk Seri Amir Hamzah added that the programme aims to foster corporate innovation and strengthen ties between GLCs and startups. 'If successful, the MOF hopes to expand this programme to the private sector in the future,' he said. Over the next six months, the selected GLCs will work with startups and business developers under two tracks: the Venture Client Track and Venture Co-Creation Track. They will develop proof-of-concept projects to be showcased in a Demo Day session. Startups interested in collaborating with the GLCs can register via the BIG website at - Bernama
