Are you a member?

ISLAMIC
INNOVATION
CHALLENGE 2017

BRIEF

We would like to invite Malaysian SMEs who have high tech businesses or ideas that could impact the related industry to join and compete with the most high tech and innovative minds in Malaysia on Islamic innovation for a chance to win the Islamic Innovation Challenge 2017. Your innovation can improve and boost the Industry in these Areas.

HALAL PRODUCT & SERVICES

Health & Beauty

Flavour & Ingredients

Food source & processing

Pharmaceutical

Travel and Tour products & services

Other consumables

EQUIPMENT & INFRASTRUCTURE

Machinery, devices, tools, etc

Facilities

Apparels

TECHNOLOGY & ICT

Software system & Apps

Personal devices


Join the Challenge in 3 easy steps

REGISTER TO APPLY
Begin your first step by completing your Profile to register as a potential applicant from 7th August 2017 onwards. You can do this by clicking on “Register ” and create your profile. Subsequently, you will use your email and password for log-in.
DOWNLOAD APPLICATION DOCUMENTS
Download your application form and the budget spreadsheet. Upload your completed application form, budget sheet and supporting documents as mentioned in the guidelines.

At any point, you can download the Application Guidelines for more details.
COMPLETE AND SUBMIT YOUR APPLICATION
The completed form needs to be signed by the relevant signatories (refer to the Form) and submit online. This can be done by clicking on “Submit Now”. Please ensure the Form is completed as comprehensively as possible and that the relevant supporting documents are uploaded along with the completed and signed Form to ease the assessment process.

GRANT

Up to

RM 5,000,000


Total investment pledged by PlaTCOM Ventures for the winning companies.

ORGANISERS

AGENSI INOVASI MALAYSIA
Agensi Inovasi Malaysia (AIM) is a statutory body created to jump start wealth creation through knowledge, technology and innovation to stimulate and develop the innovation eco-system in Malaysia. We lay down the foundation of innovation that inspires and produces a new generation of innovative entrepreneurs.
PLATCOM VENTURES
PlaTCOM Ventures Sdn Bhd is the national technology commercialisation platform of Malaysia and a wholly-owned subsidiary company of Agensi Inovasi Malaysia (AIM) formed in collaboration with SME Corporation Malaysia under one of its six High Impact Programmes (HIPs) in the SME Master Plan 2012-2020.
HIGH IMPACT PROGRAMME 2
High Impact Programme 2 (HIP2) addresses innovation gaps through a holistic and 'market-driven' approach. It introduces the Concept-to-Commercialisation Gap Fund (CCGF) aimed at assisting Malaysian SMEs to accelerate the development and commercialisation of innovative products/solutions/services.

CO-ORGANISERS

JAKIM
Agensi Inovasi Malaysia (AIM) is a statutory body created to jump start wealth creation through knowledge, technology and innovation to stimulate and develop the innovation eco-system in Malaysia. We lay down the foundation of innovation that inspires and produces a new generation of innovative entrepreneurs.

JAKIM performs three (3) main functions as below:

FUNCTION 1: LEGISLATION AND STANDARDISATION OF ISLAMIC LAW
FUNCTION 2: ISLAMIC ADMINISTRATION COORDINATION
FUNCTION 3: ADJUSTMENT AND THE DEVELOPMENT OF ISLAMIC EDUCATION
Halal Industry Development Corporation (HDC)
Halal is not merely a way of life - it is a global industry. With a stake in commercial sectors worldwide, Halal Development has become a significant contributor to all facets of economic growth.
Established on 18 September 2006, Halal Industry Development Corporation coordinates the overall development of the Halal industry in Malaysia. Focusing on development of Halal standards, audit and certification, plus capacity building for Halal products and services, HDC promotes participation and facilitates growth of Malaysian companies in the global Halal market.
Intent on building a global Halal community, HDC brings the Malaysian Halal industry in unison toward a common goal. By nurturing growth and participation of local businesses into the global Halal market, HDC sets the bar for Halal best practices in Malaysia to enrich the development of Halal standards globally.
Through unsurpassed knowledge and experience, HDC is the gateway towards a better understanding of Halal for all.

TIMELINE

7
th
AUG

Call for application open

30

th

SEPT

Submission Deadline

End of

OCT

Winners Announced

NOV

Awards Ceremony


SUBMISSION CRITERIA

  • MALAYSIAN PRINCIPAL APLLICANT

    • Malaysian majority-owned (minimum of 51% equity) Small and Medium Enterprise (SME) based on SME Corp’s definition (please refer to the Application Guidelines)
    • A minimum paid-up capital in cash of RM 10,000.
    • The challenge allocates a matching grant where up to 60% of the total project will be funded by the Programme. Applicants must demonstrate matching fund up to make up the rest of the project cost.

Need more information? The FAQs below will sort them out for you.

QUESTION 1

  • Who can apply for the Islamic Innovation Challenge?

    Malaysian majority-owned (minimum of 51% equity) Small and Medium Enterprise (SME) based on SME Corp’s definition (please refer to the Application Guidelines), and a minimum paid-up capital in cash of RM 10,000. The challenge allocates a matching grant where up to 60% of the total project will be funded by the Programme. Applicants must demonstrate matching fund up to make up the rest of the project cost.

QUESTION 2

QUESTION 3

QUESTION 4

QUESTION 5

  • What are the supporting documents required?
    The compulsory documents are:

    • Company registration (SSM Form 9, 24, 44, 49 and Company M&A) 
    • Gantt chart 
    • Detailed financial projection for five years and assumptions pertaining to the project

QUESTION 6

QUESTION 7

QUESTION 8

  • How do I know the result of my application?
    The organiser will announce the outcome of the evaluation process via e-mail. PlaTCOM will be in touch with the shortlisted applicants for the next phase of the challenge.

QUESTION 9

  • What is the benefit of joining this challenge?
    Winners of this challenge will be identified as Malaysia’s Islamic Innovation where end-to-end facilitation support will be provided to support the development and commercialisation of the technology for the halal industry. Grant money will be awarded to the winners as one of the components for this facilitation. The winners will be admitted to the High Impact Programme 2 under the SME Masterplan 2012-2020 of SME Corp.

QUESTION 10

QUESTION 11

ENQUIRIES

NAME
EMAIL
PHONE
COMPANY
ENQUIRIES / COMMENT

PLATCOM VENTURES

3501, Level 3, Quill Building 3, Jalan Teknorat 5,

63000 Cyberjaya, Selangor, Malaysia.

T: +60 (0)3 8319 3116

E: lofty@platcomventures.com

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