Selangor Maritime Gateway (SMG) together with Malaysian Global Innovation & Creative Centre (MaGIC) has launched the Innovation Challenge: Upcycling River Waste to Wealth initiative.
Both organisations through the initiative are calling on Malaysia’s startups, social enterprises and social innovators to develop technology to convert river waste into functional sustainable product with commercial value.
“We are looking for a new waste-to-product technology that can transform Selangor’s River waste into value streams thus creating a circular economy of what we currently register as trash,” said Syaiful Azmen Nordin, Managing Director of Landasan Lumayan Sdn Bhd (LLSB).
“This challenge has 2 goals. To develop a technology solution that can sort ad convert organic waste or solid waste into new resource and using the technology to create new functional product that has commercial value while being environmentally friendly and sustainable,” he added.
Top applicants with the most tenable solutions may receive cash prizes from a RM50,000 seed fund pool to refine their technology and qualify to accelerate their impact-driven solutions through MaGIC’s new Social Impact Challenge Accelerator (SICA) three-month capacity building programme.
Additionally, the best performing team may then earn exclusive access to customised post to accelerator support, including up to RM100,000 in grant or in kind-support from SMG, plus network access, exclusive attachments and mentorships with relevant government and non-government organisations.
The teams will also have the opportunity to tap into the Government’s procurement via Program Perolehan Impak Sosial Kerajaan (PPISK).
“We are glad to bring onboard SMG in featuring a problem statement that seeks to nurture technology-driven solutions that protect our rivers from pollution and bring great benefits to the communities around Sg Klang. Hence, we invite all impact-driven business enterprises to submit commercially driven solutions in addressing the problem statement by SMG,” said Amiruddin Abdul Shukor, acting CEO of MaGIC.
Learn more about this challenge and apply to participate at: https://www.selangormaritimegateway.com/innovation-challenge-2/