Page 37 - Annual Report 2021

UMCB added 6 new companies to The 6 UMDT freshly minted start-ups opportunities for growth in anticipation
the portfolio through the UMDT 1.0 have also attracted attention with one of an economic upturn and increased
accelerator programme supported company Uniresearch & Innovation demand for UM’s IPs.
by UM’s tech transfer office. In total, Sdn Bhd securing Cradle Venture’s
UMCB currently has 16 portfolio seed grant worth RM0.5m within the At the UMCB spinoff company level,
spinoff companies operating in the first 6 months of its incorporation. this includes BioApps’ development
sectors of Life Science & Med Tech; The year also saw products from of an upgraded line of products, which
IOT, Engineering & Material Tech; and Essentinutriens Sdn Bhd’s patented will introduce a new ‘bionic’ line to
Agriculture & Sustainable Tech. extraction protocol for active their range of prosthetics products.
botanical ingredients from Malaysian
Companies that made strides in mushrooms reach the market and UMCB also intends to facilitate
the year included BioApps Sdn consumers through their first client. interests in investments into all its
Bhd and UMCH Sdn Bhd, both of portfolio companies for both growth
which were successfully awarded Prospects and exit phases as well as for new
National Technology and Innovation In 2022, both UM Innovations and uptake of UM IPs through its new
Sandbox (NTIS) grants totalling more UMCB will be exploring further initiative, UM Ventures.
than RM3m. The NTIS is a highly
competitive funding scheme by the
Ministry of Science, Technology MOnEtiZatiOn PatHWaYs
and Innovation (MOSTI), targeting
RM52.8m in funding. BioApps is
the sole local company in Malaysia
providing custom prosthetic services
incorporating patented technology
developed in UM. It has been serving
the public since 2015, spinning out
from the Dept of Biomechanical
Engineering.

FYLIX Sdn Bhd, an AI driven chatbot
company spin off from the Faculty of
Computer Science and Information
Technology, continues to secure
and service contracts including for
the continuing provision of chatbot
services for MAMPU’s myGCC and
MOHE’s UPU websites and commercial
clients including Petronas and Perodua.

Annual Report 2021 37