GLCs to Partner with Startups Under Cradle’s BIG Innovation Initiative

Eight leading government-linked companies (GLCs) have been selected to participate in the Bengkel Inovasi GLC (BIG) programme, a strategic innovation initiative driven by the Ministry of Finance (MOF), the Ministry of Science, Technology and Innovation (MOSTI), and Cradle Fund Sdn Bhd.

The selected GLCs include Bank Islam Malaysia Bhd, CelcomDigi Bhd, Edotco Group Sdn Bhd, Malaysia Aviation Group Bhd, Sime Darby Property Bhd, S P Setia Bhd, Tenaga Nasional Bhd and Cenviro Sdn Bhd.

Cradle Fund, in its official release, highlighted that these organisations were chosen based on their strong application of innovative technologies, particularly within the realms of digital transformation and artificial intelligence. Their capabilities demonstrated significant potential to enhance operational efficiency, foster sustainable business growth and scale innovation across key sectors.

Furthermore, the GLCs exhibited robust partnership frameworks with both domestic and international startups, aligning with the collaborative ethos of the BIG programme.

Over the next six months, these corporations will engage with internal innovation teams, startups and venture builders via the Venture Client Track, the Venture Co-Creation Track, or a hybrid of both. Each collaboration will focus on the development of a proof-of-concept, leading up to a Demo Day which aims to showcase real-world deployment and commercially viable co-created ventures.

Startups interested in exploring collaboration opportunities with the participating GLCs are invited to register their interest via the official BIG platform at https://big.myopeninnovation.com/

-The Star

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