The Malaysian Research Accelerator for Technology and Innovation (MRANTI) announced the launch of the Malaysia Technology Commercialisation Platform (MATCH), in a strategic move to provide stronger links for the technology innovation ecosystem.
MATCH is a technology innovation monetisation platform that connects and offers local technology providers and seekers win-win solution to accelerate the technology commercialisation in Malaysia.
MATCH is expected to enlist 50 innovation seekers and providers in the first 6 months with a 10% successful matching rate target
“Similar to an e-commerce site, MATCH in this case, is for anyone and everyone in the innovation ecosystem. By bridging all interested individuals and organisations, we hope to have a tighter, more transparent, cohesive and consistent view on the opportunities and gaps in commercialisation of local technologies,” said Dzuleira Abu Bakar, Chief Executive Officer of MRANTI.
Through MATCH, researchers, investors, individuals and experts at any stage of their technology development looking for an industry partner or funding, sandbox sites, or technical support and collaboration can search the directory for targeted prospects. In providing “match-making” services, the platform will also act as a vibrant marketplace where a list of projects based on the Technology Readiness Level and technology categories align with specific and profitable use cases.
In addition, the platform synergises with and complement various other initiatives and databases including the Malaysia Open Science Platform by Akademi Sains Malaysia as it extends the work of scientists and the academia beyond the confines of the laboratory or academia, into the market where innovative technology matches its specific and profitable use case. It is also designed to support forums on licensing, investment and more.
For decades now, the Gross Domestic Product of a nation has been the measure of success. However, the United Nations has stated that “innovation and creativity have become the true wealth of nations in the 21st century.”
“We need to foster more value through innovation in advancing the country’s economic and social development – more so, as Intellectual Property and innovation translates into tangible and intangible wealth,” Dzuleira explained.
MATCH was launched by the Prime Minister, Dato’ Seri Anwar Ibrahim and witnessed by MOSTI Minister, YB Chang Lih Kang during the Malaysia Commercialisation Year Summit 2023 (MCY Summit 2023). Meanwhile, ministries, government agencies, corporates, or businesses seeking to acquire new technology innovation or searching for solution partners can connect through the platform.
MRANTI’s partnership with AstraZeneca and EAHSN a boost for healthcare innovators
Additionally, MRANTI exchanged two separate Memorandum of Understanding (MoU) at the MCY Summit 2023 with pharmaceutical giant AstraZeneca and the Eastern Academic Health Science Network (EAHSN) – a United Kingdom (UK) government linked company funded by the National Healthcare Service (NHS) and the Office for Life Sciences.
These initiatives bring together academia, citizens, health services and industry to realise the value of healthtech innovations more quickly. Amongst others, AstraZeneca will consider viable local innovators to be included in its exclusive A.Catalyst network. This is an interconnected and dynamic global network of more than 20 AstraZeneca health innovation hubs, made up of physical locations and virtual partnerships.
MRANTI, appointed as the exclusive partner for the A.Catalyst programme in Malaysia, will funnel Malaysian innovators to a global network of healthcare players, providing them access to conduct clinical or real-world evidence and evaluation through AstraZeneca networks worldwide, and EAHSN’s reach in the United Kingdom. This includes research and development activities, market access, strategic partnerships and joint ventures and other business growth activities.
MRANTI meanwhile, will lend its experience in running Sandbox and capability programmes, to allow innovators, researchers, start-ups and high-tech entrepreneurs to develop and test their products, services, business models and delivery mechanisms in a safe, live environment.
Technology seekers and providers can register on MATCH for free. Details at MRANTI’s IP services or email: [email protected].
