As part of the World Engineering, Science and Technology Congress (ESTCON2016), Universiti Teknologi PETRONAS (UTP) once again opened the opportunities to participate in this year’s Innovation Pitching programme.
The event was held on 15-17 August 2016 at the Kuala Lumpur Convention Centre, Kuala Lumpur.
First introduced in 2014, the programme has become an opportunity to bring new innovations to the worldwide platform, allowing innovators and inventors to pitch new technologies and directly connect them to potential investors and business partners.
The Innovation Pitching session was not just an avenue for researchers and developers to exhibit their innovations. It was also a bridge between UTP and the respective industry to further upscale and commercialise the technologies. This would be carried out through the mass-marketing of locally developed inventions.
During its 2014 run, it was able to carry out 26 pitches, nine of which were in discussion with government agencies such as Agensi Inovasi Malaysia, KPerak Implementation and Coordination Corporation, among others.
This year, PlaTCOM Ventures Sdn Bhd and Malaysia Digital Economy Corporation shortlisted 40 research products for the pitching sessions as they have high commercialisation potential. The sessions were judged by distinguished panels from government agencies and the private sector.
The pitching event included products and technologies from UTP, as well as other institutions. This year's collaborators provided matching grants to the industry for the technology uptake from this session – as long as the participating company met the requirements set by the collaborators.
Participants were able to explore new technologies for their business expansion and meet fund providers during this event. In addition, the public also got a chance to see newly developed products as well as visit each participating company’s booths to know more about their role in the industry.
First held on 2010, ESTCON is the ‘centre stage’ for knowledge-sharing, intellectual discussions and also networking on various areas of interests. With this year’s theme “Engineering, Science, Technology and Humanities: Convergence for a Sustainable Future”, the congress stresses on bridging the community of experts in research and innovation to sustain knowledge for the betterment of the society.
The event was organised through the efforts of UTP with the support from Ministry of Higher Education, Ministry of Science, Technology & Innovation, Agensi Inovasi Malaysia and Yayasan UTP.