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Malaysia's Mosti and MTE Unveil Groundbreaking Data-Sharing Initiative to Spur Innovation

MyTechMart, unveiled at Malaysia Technology Expo 2024, serves as a pivotal link between innovators and investors. Learn how international collaboration and emerging technologies are shaping the future of tech innovation.

In the bustling heart of Kuala Lumpur, a new chapter in Malaysia's technological innovation story was written at the Malaysia Technology Expo (MTE) 2024. The Ministry of Science, Technology and Innovation (Mosti), in a pioneering collaboration with MTE, launched MyTechMart, a data-sharing portal designed to bridge the gap between ideas and markets, inventors and investors. This initiative was announced during the expo's opening ceremony, marking a significant milestone in fostering innovation and connecting the Malaysian tech ecosystem with global opportunities.

A Bridge Between Ideas and Markets

The introduction of MyTechMart stands as the central pillar of the collaboration between Mosti and MTE. Datuk Aminuddin Hassim, Secretary General of Mosti, emphasized the platform's role in nurturing, supporting, and accelerating innovation from the ground up. MyTechMart is not just a digital platform; it is envisioned as a vital conduit connecting research to real-world applications, thereby setting a new standard in the innovation landscape.

Spotlight on Innovation and International Collaboration

The 23rd edition of MTE, which saw participation from over 130 exhibitors, including a notable presence from the Hong Kong Pavilion, organized by the Hong Kong Software Industry Association (HKSIA) to promote ICT products and services for ASEAN markets. This year's expo not only highlighted the technological prowess of local and international innovators but also underscored the importance of fostering international collaboration to drive economic growth and digital transformation.

The expo celebrated its innovation awards, spotlighting 65 gold award-winning projects from a competitive pool of 135 entries in fields ranging from public service to youth innovation. Among the winners was a team of students who developed a health-boosting masala tea powder, showcasing the depth of creativity and ingenuity present among the participants. This accolade, among others, demonstrates the expo’s role in celebrating and promoting groundbreaking work that has the potential to make significant contributions to society.

Emerging Technologies and the Attention Economy

Discussions on the first day of the expo explored the evolving landscape of the attention economy and the role of AI and multimedia in engaging online audiences effectively. Kevin CH Lee, general manager of BlendVision, highlighted how AI-powered multimedia is revolutionizing e-learning and corporate communication by capturing and retaining the audience's attention in an increasingly digital world. This focus on emerging technologies at MTE 2024 underscores the expo's commitment to staying at the forefront of innovation and providing a platform for showcasing how technology can address real-world challenges.

As MTE 2024 came to a close, the message was clear: through initiatives like MyTechMart and the fostering of international collaboration, Malaysia is not just participating in the global innovation race but is setting the pace. The success of this year’s expo and the launch of MyTechMart highlight the potential of technology and innovation in driving progress and creating a brighter future for all.

Source :
BNN Correspondents