Innovative Programme by Government of Malaysia

Release Date: 
The Lab2Market Commercialisation Programme (L2M) sees Ministry of Higher Education, Government agencies, Cradle Fund Sdn Bhd, Agensi Innovasi Malaysia and Technology Park Malaysia, Malaysian Research Universities and TiE Malaysia working together. The L2M Programme provides a catalyst for commercialization – bringing innovators and investors together.

This initiative is part of the Malaysian Government “Entry Point Project 9: Advanced Engineering, Science and Innovation Cluster” under the Education National Key Economic Area (NKEA) of the Economic Transformation Programme (ETP). We are proud that the TiE Malaysia’s Mentor Series and Elevator Pitch training modules have been selected to help L2M achieve its goals. Out of 72 selected candidates, 10 participants so far have been chosen to receive substantial seed funding from the government. We hope to see the industry and angel investors coming forward to meet this requirement in the next cycle which begins in January 2013.

TiE Charter members Puvanesan Subenthiran, T M Chan, Ravindran Navaratnam and Asgari Stephens among others were acknowledged by the programme as Knowledge Mentors.

Having successfully completed the L2M Pilot Programme in May 2012 and L2M Cycle II in October 2012, TiE Malaysia has been given the mandate to proceed with Cycle III, IV and V in 2013.

Since 2002, TiE Malaysia has worked very hard to bridge entrepreneurs from Malaysia and the world through active participation in TiE Global, the world’s largest non-profit organisation promoting entrepreneurship. In 2011 the TiE Malaysia office and the TiE ASEAN Secretariat was launched to promote TiE programs actively.