80 Pct Of IoT, Green Technology Grant Utilised - MCMC

Last update: 11/08/2017

CYBERJAYA, Aug 11 (Bernama) -- Around 80 per cent of the RM1 million Green Technology and Internet of Things (IoT) Grant 2016-2017 have been distributed to seven startups for the development of IoT applications last year.

Malaysian Communications and Multimedia Commission (MCMC) Communications and Digital Ecosystem Sector Chief Officer, Datuk Mohd Ali Hanafiah Mohd Yunus said funds from the grant were distributed via the Malaysian Technical Standards Forum Bhd to drive the growth of IoT in Malaysia.

"The grant is to be used as the initial capital for the IoT players, and the development of their applications (apps) would be monitored for six months.

"So far, they have developed several interesting applications, such as the speed and location detectors for buses and water quality monitor for marble goby fish farms," he told a press conference on the Malaysia Developer's Day (MyDD) hackathon here, today.

Jointly organised by the MCMC and AT&T, the 2017 MyDD hackathon which kicked-off today saw 122 participants from all over Asia competing to create innovative IoT mobile apps for any one of the following four categories - Smart City, Healthcare, Sustainability and Smart House.

The competition offers a grand prize of US$10,000 (US$1=RM4.29) in cash, US$3,000 for second place and US$2,000 for third place.

"MCMC and the sponsor will not only be focusing on the winner, but we will also be looking at the ideas that the participants come up with.

"After this event, those with the best potential will be nurtured to build their respective app or receive financial assistance through the existing grant," he said, adding although the IoT was a relatively new concept in Malaysia, local industry players had noted its effectiveness in various areas.

Last year, the event saw 132 participants competing for the grand prize, and had resulted in the creation of 23 new app ideas.