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BRIEF
The halal and Islamic products industry have emerged as a new and powerful sector in the domestic and global markets with market value exceeding RM 7.6 trillion a year. It is an industry that supports Malaysia's economic growth as well as being one of the major industries that generate state revenues. Through the development of Islamic-inspired innovations, Malaysia has the potential to become one of the global leaders in Islamic products and services.
The Islamic Innovation Challenge 2019 is a national initiative to drive Malaysia's aspirations for the halal and Islamic products market as well as to encourage SMEs to be innovative. We would like to invite Malaysian SMEs who have high-tech businesses or ideas to join and compete with other innovative minds in Malaysia on Islamic innovation for a chance to win IIC 2019 and getting an investment opportunity by PlaTCOM Ventures. Your innovation must be able to improve and boost the industry in these areas:
HALAL PRODUCT & SERVICES
EQUIPMENT & INFRASTRUCTURE
TECHNOLOGY & ICT
Join the Challenge in 3 easy steps
GRANT
Up to
RM 3,000,000
Total investment pledged by PlaTCOM Ventures for the winning companies.
ORGANISERS
CO-ORGANISERS
JAKIM performs three (3) main functions as below:
TIMELINE
Call for application open
st
MAY
Submission Deadline
JUNE
Internal Assesment
JULY
Steering Committee Judging Session
AUG
Awards Ceremony
SUBMISSION CRITERIA
Need more information? The FAQs below will sort them out for you.
QUESTION 1
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 70% 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
Follow these steps:
QUESTION 3
QUESTION 4
QUESTION 5
QUESTION 6
QUESTION 7
QUESTION 8
QUESTION 9
QUESTION 10
QUESTION 11
Each applicant/ SME can apply up to RM 1.2 million.
ENQUIRIES
PLATCOM VENTURES
3501, Level 3, Quill Building 3, Jalan Teknorat 5,
63000 Cyberjaya, Selangor, Malaysia.
T: +60 (0)3 8319 3116