Hardtech Inculerator Programme
Hardware Engineers, Scientists, Software Developers, Innovators commercialised your prototype into the market.
Launch your hardtech or deeptech startup!
Key Program Features
- Only one of 5 programmes in Southeast Asia dedicated to launch hardtech and deeptech startups. Using a unique mix of incubator-accelerator (“inculerator”) hybrid model.
- 1o to 15 days activity commitments spread over a period of 8 months to develop your venture stage-by-stage with a focus on commercialising your prototype into the market and setting up your venture for investment. Learn-mentor-execute model as you run your business.
- This programme is run by a professional venture development company with experienced industry mentors/coaches, proven content, access to commercialisation networks and funding – Angel, VC, ECF and other financing.
- This programme is supported by various facilities partners.
- A chance to pitch and present your solutions at Demo Day with MBAN’s Enter The Tiger’s Lair programme and stand a chance to win RM50,000 in grant by Digital Penang.
- Totally FREE OF CHARGE
Categories of Technology
Who Should Join
- University Spin-Offs, Researchers and scientists with prototypes sitting in the labs that can make high impact to the way industries work or people live – ITS TIME TO BRING IT OUT!
- Experience private innovators and engineers with a prototype ready to launch into the market, it just needs market validation and learning on how to begin a successful hardtech venture.
- Existing private enterprise with domain expertise looking to transition from contract manufacturing or service provider to producing own IP-protected solutions and services.
Program Stages
Phase 1
You will need to present and pitch to an independent committee consisting of business and technical experts to be selected into the program
Phase 2
You will undergo a series of market readiness workshop with the net outcome of producing 2 core plans unique to your business:
(A) Proof of Concept Plan
(B) Market Validation Plan
Phase 3
3 months of venture mentoring to refine your plans, ensure your product readiness to be deployed, building your business and service model, preparation of your IP protection submissions and learn how to pitch for investments.
Phase 4
Deployment into the market and data gathering to achieve successful TRL Level 7. Design product improvement plans to deliver actual solutions for TRL 8 and identify opportunities.
Phase 5
Market Validation implementation to discover market barriers, validate business & service model and identifying the product-market fit. Develop plans for bigger market deployment and fund raising
Phase 6
Securing market adoption for your solution via Letter of Interest, Tech Licensing or Purchase / Adoption. Selected top performing companies will get the chance to pitch to High Networth Individuals in MBAN’s ETTL Program and be included in PROFILES by Digital Penang.
A Specialised Program Designed to take your MVP at TRL 5 or 6 to Commercialisation
A Chance at RM50,000* Grant Money
(*) Subject to terms and conditions of award and use
Requirements and Application
- Business or Company must be registered with SSM
- Registered Address or Business Address in Penang.
- Registered with Digital Penang Startup Community (Click Here)
- Technology/Solution/Product/Prototype must be at MVP TRL (Technology Readiness Level) 5 to 6 (Tested in the labs or controlled environment).
- Technology that is already commercialised is acceptable if you are looking to commercialised outside of Malaysia via this programme.
- Company must be Malaysian owned and not a reseller or distributor of the technology that is participating in this programme.
- Company must be partially or fully own the IP of the technology or intent to register the IP for protection during this programme.
- Company agree to sign a Commitment Agreement with Digital Penang to complete this programme if accepted.
2024 Program Deck and Application Kit
Questions? Email ecosystem[at]digitalpenang[dot]my or call the office, ask for Aizat
2023 Program Performance
Top 5 Hardtech and Deeptech Companies
Astra Medical Technologies Sdn Bhd
Mobula Research Sdn Bhd
SpaceIn Sdn Bhd
Formedic Technologies Sdn Bhd.
Fulkrum Digital Sdn Bhd
Solution to help motorcyclist to cool down their body temperature
Agritech and O&G aeration solution that can be one of the best in the world. Highly modular, scalable and cheaper.
Low orbit pico satellite solution for large land mass IoT connectivitiy. The first company in South East Asia that successfully deploy into orbit.
Solution to help patients suffering from COPD, Bronchitis, Pneumonia, Cystic Fibrosis and other general lung diseases breath better.
Visual smart manufacturing solutions catering to SMEs to help them improve productivity and reduce cost.
2023 Programme Achievements
2024 Program Partners
Program Facilitator
Facilities Partner
Program Partners
VC & Investment Partner
Ecosystem Partner
As Seen In
UN SDGs
DISCLAIMER!
We make NO REPRESENTATION OR WARRANTY of any kind, expressed or implied, regarding the accuracy, adequacy, reliability, availability or completeness of any information in this initiative and UNDER NO CIRCUMSTANCES SHALL WE HAVE ANY LIABILITY to you for ANY LOSS OR DAMAGES of any kind incurred as a result of the participation in this initiative or reliance on any information provided herein.
