Page 36 - Annual Report 2021

Overview Leadership Message Business segment Moving Forward Our Resources Working for a Corporate Financial
review Plan Better Tomorrow Governance Statements

Intellectual Capital

Despite the adversities, UM Innovations is currently managing 24
business pods that have been developed and incubated since 2016.
In general, there are two categories of pods, namely business pods
and service pods.

The UMH Intellectual Capital drivers for the nation’s economic high-tech job opportunities, economic
division is tasked with the creation of growth. UM Innovations serves as returns on R&D spent and beneficial
technopreneurs among UM’s expert a conducive entrepreneurial hub societal impact.
researchers as well as commercialising designed for academic-innovators and
and monetising UM’s extensive -entrepreneurs. Year in review
intellectual property and innovation The division faced numerous
resources. The division comprises of 2 UMCB manages a portfolio of spinoff challenges in 2021 amidst the impacts
subsidiaries: UM Innovations Sdn Bhd companies that are the outcome of of the COVID-19 restrictions and
(UM Innovations) and UM Capital Bhd UM’s Technopreneur and Deeptech lockdowns and the resulting economic
(UMCB). Accelerator programmes. These slowdown.
companies, driven by licensed UM
The vision of the division is to technologies, are part of an integrated Despite the adversities, UM Innovations
transform Universiti Malaya into a strategy to deliver optimum impact is currently managing 24 business
leader of innovation in Malaysia, and from the output of UM R&D through to pods that have been developed and
its Mission is to: their application. incubated since 2016. In general, there
are two categories of pods, namely
• Establish an advanced and highly Ultimately, these spinoffs are targeted business pods and service pods.
relevant innovation incubator; to produce the following outcomes:
• Increase the number of successful creation of new technopreneurs and Business pods refer to pre-start-ups
start-ups as well as early-stage that aspire to commercialise their
entrepreneurial activities in Universiti products generated from research.
Malaya; The business pods act as a platform to
• Develop human capital especially in fully prepare their business strategies
the area of business support and and groom their entrepreneurial skills
commercialisation activities; and before they are ready to spin-off.
• Advance the UM Brand in Once the businesses bloom, becoming
technology development through more stable and independent, they
the use of the tagline: “Powered by will be graduated to pursue a spin-off
UM INNOVATIONS”. incorporation. Generally, an incubation
of up to 24 months is provided to these
UM Innovations is a platform hosting business pods.
academic-linked business ventures.
It serves as an incubator hub to Service pods refer to individual(s)
facilitate the technology transfer who aspire to commercialise their
and commercialisation of research know-how in the form of services,
outputs while aspiring to develop to generate income to the unit/
additional university start-ups. This department/faculty. These also serve
is in line with UM’s commitment to as a training platform to build and
translate new knowledge into impactful grow their entrepreneurial skillsets,
outcomes, including developing critical and ultimately create academic-
human capital and new technology innovators and -entrepreneurs.

36 UM Holdings Group