Cyberview Living Lab startups raise total of approx. US$600K

By Digital News Asia July 15, 2015

100 entrepreneurs applied to CLLA-IV, only top 20 accepted
Mentorship from 30 startup veterans and 70+ investors during programme

Cyberview Living Lab startups raise total of approx. US$600K

FIVE startups under the Cyberview Living Lab Accelerator-Infinite Ventures (CLLA-IV) programme successfully raised about RM2.15 million (US$566,000) at the IV Demo Day earlier this month.

The CLL-Accelerator is a programme to accelerate startups in the areas of ideation, innovation and commercialisation, and was launched by Cyberview Sdn Bhd in February. Next to Infinite Ventures (IV), Cyberview is also working with Watch Tower & Friends (WTF).

Cyberview is a government-owned company and the advisor to the Government on development matters relating to the city of Cyberjaya.

“This group of startups has made tremendous progress evolving and growing their businesses in the past six months,” said IV partner Sathyvelu Kunashegaran.

Over the past six months, CLLA-IV provided participants with mentorship from more than 30 startup veterans as well as over 70 investors from the business community, and special access to Cyberview Living Lab’s network and resources, Cyberview said in a statement.

More than 100 entrepreneurs applied to the CLLA-IV programme this year, of which only the top 20 were accepted, it added.

Cyberview Living Lab startups raise total of approx. US$600K “IV has been coaching the participants … and we trust these startups will soon get more investors to buy into their products or services,” said Cyberview managing director Faris Yahaya (pic).

“Cyberjaya today is not just a technology centre – it is a Living Lab for innovations. It is undoubtedly the best platform to groom tomorrow’s technopreneurs as it is backed by Cyberview’s consultancy services and extensive network with the government, multinationals and industry agencies,” he added.

The five startups in the first CLLA-IV batch were:

Hyve Plus: A Bluetooth 4.0 enabled technology that uses keychain-sized tags to track the whereabouts of users’ belongings, on a single platform. Combining hardware with a mobile and web-app, Hyve Plus designed a system that allows users to know where all their things are at the push of a button.

EatSeize: Seeks to provide on-demand, customised meals to suit the goals and lifestyle requirements of users, without compromising on quality or taste. EatSeize says it has successfully formulated more than 40 delicious and healthy meals.