MakersLab

Scalable Products / Technologies

Create, experiment and give life to ideas in a boundless environment through new age technologies, tools & facilities, guided by industry players to create groundbreaking impact.

VentureX

VentureX is a soft-landing programme for innovative global companies to establish an innovative hub in Malaysia. VentureX provides assistance in company incorporation, local talent acquisition, and Malaysia’s market access.

Why Malaysia?

1st Science & Technology Park in Malaysia

Access innovation commercialisation via MRANTI Science Technology Park in the heart of Kuala Lumpur

2nd Most Developed Country in ASEAN

Malaysia ranked 27th globally by IMD World Competitiveness Ranking 2023

3rd Lowest Cost of Living in ASEAN, 48th Globally

Mercer’s 2022 Cost of Licing Ranking offering a cost-effective living environment while maintaining a competitive position on the global stage

Educated Workforce

Well-prepared and diverse, with a strong work ethic, multilingual proficiency, and a focus on technical skills

Diverse Community

Vibrant Multilingual and Multicultural ASEAN Community

1st Foreign Investment

Significantly outperforming the emerging markets and developing economies (EMDE) benchmark, according to The Miken Institute in the Global Opportunities Index 2022 report

20th in the World's Strong Starters Ranking

Based on the Global Startup Ecosystem Report 2023 published by Startup Genome

Potential Market of 666 Million Populations

Gateway into the ASEAN market

English is Commonly Used

To conduct business

Why VentureX Hub?
Receive hands-on assistance with company establishment paperwork, hiring of talent and local market access
Build a strong team for ASEAN operation, sales & marketing, R&D by employing strong local talents
Gain early and solid traction in Malaysia, as a gateway to ASEAN and the rest of Asia
Initiate strategic partnerships with local corporates / conglomerates
Provide kick-starter supports and incentives available ONLY to global startups
Receive hands-on assistance with company establishment paperwork, hiring of talent and local market access
Build a strong team for ASEAN operation, sales & marketing, R&D by employing strong local talents
Gain early and solid traction in Malaysia, as a gateway to ASEAN and the rest of Asia
Initiate strategic partnerships with local corporates / conglomerates
Provide kick-starter supports and incentives available ONLY to global startups

Eligibility

Ready to establish an innovation hub in ASEAN
Have NOT registered any business entity in Malaysia yet
Considering Malaysia as a potential hub
Possess innovations that benefit the benefit the people of ASEAN
High-Growth & Expansion stage
Proven traction and technology
  • > TRL 6 or Series A and above (Expansion ready)
  • > RM1 million annual revenue
Strong financial records and/or backing (funding)
Looking to hire a minimum of 3 Malaysian team members
  • Country Director/Manager
  • Junior/Executives
Minimum team size of 3-5 persons
Clear growth plan and commitment to expand into ASEAN
Priority is given to startups in the following verticals, but not limited to:
Energy/Smart Manufacturing
Smart Cities & Transportation
Healthcare
Enabling Technologies
AgriTech
Green Technology
Expose to opportunities in innovative startups while working on jobs of the future
Build professional growth and employability with global startups
Leverage on reliable advice and mentorships on career prospects
Nurture professional connections and relationships with global technologies
Gain exponential startup mindset and entrepreneurial experience
Expose to opportunities in innovative startups while working on jobs of the future
Build professional growth and employability with global startups
Leverage on reliable advice and mentorships on career prospects
Nurture professional connections and relationships with global technologies
Gain exponential startup mindset and entrepreneurial experience

Eligibility

Committed, resourceful and proactive
Entrepreneurial Spirit/Interest in innovative jobs of future
Able to communicate in English
Able to thrive and multitask in a fast-paced environment
Ability to adapt to the startup culture
Grafuated from recognised university AND/OR proven technical ability (marketing, project managment, programming, business development
Skilled unemployed with experience
Employees considering startup in career path
Alumni of Universities
Fresh Graduates
Aspiring Entrepreneurs
Why MyStartup Hub?
Receive hands-on assistance with company establishment paperwork, hiring of talent and local market access
Build a strong team for ASEAN operation, sales & marketing, R&D by employing strong local talents
Gain early and solid traction in Malaysia, as a gateway to ASEAN and the rest of Asia
Initiate strategic partnerships with local corporates / conglomerates
Provide kick-starter supports and incentives available ONLY to global startups

Eligibility

Ready to establish a business hub in ASEAN
Have NOT registered any business entity in Malaysia yet
Considering Malaysia as a potential hub
Possess innovations that benefit the benefit the people of ASEAN
High-Growth & Expansion stage
Proven traction and technology
  • > TRL 6 or Series A and above (Expansion ready)
  • > RM1 million annual revenue
Strong financial records and/or backing (funding)
Looking to hire a minimum of 3 Malaysian team members
  • Country Director/Manager
  • Junior/Executives
Minimum team size of 3-5 persons
Clear growth plan and commitment to expand into ASEAN
Priority is given to startups in the following verticals, but not limited to:
Energy/Smart Manufacturing
Smart Cities & Transportation
Bio/Medical
Technology
Artificial
Intelligence
Agriculture &
Forestry
Travel & Tourism
The Problem Statement
Healthcare
Problem Statement
  • How might we help patients, family members and caregivers to improve their literacy in relation to non communicable disease?
  • How might we provide better service delivery to non communicable disease patients (such as: patient health education, incentives and coordination)?
  • How might we better manage healthcare resources to optimize the healthcare system accessibility and service quality? 
Enabling Technology
Problem Statement
  • How might we reduce friction for a simpler, efficient and secured customers experience to optimise user’s digital banking experience and satisfaction?
  • How might we develop a new product offering that leverages emerging technologies, addresses the future needs of the customers in the ASEAN market?
  • How might we create greater engagement with the customers today through digital services and offerings to strengthen customer relationships and loyalty?
Energy / Smart Manufacturing
Problem Statement
  • How might we improve ESG Performance In the supply chain?
  • How might we create a seamless supply chain process to improve productivity and efficiency on the site?
Smart Cities & Transportation
Problem Statement
  • How might we future-proofed cities and buildings to mitigate risks while preserving cultural identity?
  • How might we provide inclusive and accessible quality spaces minimising the effects of inequality?
  • How might we create decarbonized and efficient spaces that take a life cycle approach to deliver environmental, economic and social benefits?
  • How might we create healthy, high-quality, human-centric and smart spaces that enhance well-being and productivity of residents or communities?
Agritech
Problem Statement
  • How might we leverage autonomous solutions for harvesting activities on the plantation site?
  • How might we repurpose plantation biomass into value added products for the business and environment?
Greentech
Problem Statement
  • How might we develop a ESG Platform that localised the impact or influence of the carbon footprint saved?
  • How might we design and implement scalable solutions to reduce plastic waste and promote circular economy principles, encouraging the adoption of biodegradable materials and responsible consumption habits?
  • How might we encourage behavioural shifts and consumer adoption of energy-efficient technologies through engaging and effective educational campaigns, fostering a culture of responsible energy consumption and conservation?
Programme
Timeline
Enabling Technologies + Healthcare & Medical
Application Open
September 2023
Greentech + Smartcity
Application Open
November 2023
Smart Manufacturing + Agritech
Application Open
November 2023
How Does It Work?
Access to Malaysia
Problem Statement Collection
  • Collect problem statements from local companies in alignment with VentureX's mission and vision
Reverse Pitching by Local Companies
  • Bring in local companies to introduce their challenges and problem statements and network
Understanding Malaysia's Market Landscape
    Business Set Up
    Agree and commit to be fulfilled by participating companies within 12 months of onboarding this programme
    Assisting in matters that involve,
    • Business Incorporation
    • Licensing
    • Visa/Pass
    • Legal Advice
    • Office Setup
    • Banking Facilities
    Register company with paid-up capital or a project team setup; or a joint venture company; or project team outsourcing to Malaysian entities/individuals
    Talent Hiring
    Agree and commit to be fulfilled by participating companies within 12 months of onboarding this programme
    Provide startup with
    • Suitable local talent matching
    • Cost effective & reliable recruitment mechanism
    Hire more than 3 local talents
    Market Access Programme
    Pitching Training workshop
    • Deliver pitching training to align and set expectations with global companies before the engagement sessions start
    Arrange office hours between global local companies to connect, explore, and validate potential collaboration opportunities
      Matchmaking Sessions
      • Facilitate the happening of business meetings between global companies and local partners to achieve the defined objectives
      Incentives Offer
      MRANTI is offering incentives to selected global innovative companies under the VentureX!
      Stage 1 - Stage 4 as incentive in a form of programme
      How can I claim the Incentive?

      Upon acceptance of the offer letter, you commit to fulfil all the requirements of the Programme below within 12 months

      • incorporation of a private limited company in Malaysia; or a project team setup; or a joint venture company; or a project team outsourcing to Malaysian entities/individuals; and
      • the Malaysian private limited company or the project team is hiring and maintaining a workforce of more than 3 local talents with an average monthly salary of RM4,000.

      You may apply to VentureX for the incentives. Upon approval, MRANTI shall onboard you to the VentureX. Terms and Conditions applied.

      Note: VentureX Hub’s incentive cannot be claimed in the form of cash.

      More Information
      What is the VentureX?
      What are the objectives of the programme?
      What is the commitment required from the global innovators/startups?
      More FAQs