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Malaysian EduTech start-up raises massive pre-seed funding

A local edutech start-up recently announced that it has secured US$500,000 in pre-seed funding from various major angel investors.

With the new investment, plans to move into their new campus this quarter, an integrated co-learning, and co-living space.

The intention is to immerse highly motivated students and professionals in a tech-driven community space besides creating more tech-focused programmes in computing-influenced STEAM fields that are increasing in demand from high-growth employers such as software engineering and mobile app development.

The start-up is a new technology and future skills school based in Penang, Malaysia, established to equip aspiring IT professionals with industry-ready skills required for the fast-moving tech sector.

It provides a range of expert-led on-campus training in coding, data science, design, digital marketing, and more.

Currently, the start-up offers boot camps for Android and iOS app development, React Native development, data science, and user experience design.

It also offers a programme that offers a two-year NitroDegree in Applied Software Engineering, where students study and work under the sponsorship of key local tech players for a minimum starting salary of RMD3,000.

The demand for students with innovative digital and creative skills will only continue to expand as Industry 4.0 (i4.0) sweeps the globe, both national and international.

The challenge is not just for individuals to keep pace with technological developments but for learning, institutions to lead the way.

The start-up’s team set out to design a new, revolutionary technology school. The next in the pipeline for the company is to grow its subscription-based offering for corporates and individuals. The approach will provide a number of classes and workshops.

It was noted that the revolutionary new school focuses on expertise and skills, not a paper qualification. Tertiary education can be over-academised and as both an investor and industry leader, it is expected that the start-up has what it takes to lead us in charting a new model of higher education in science and technology innovation.

Revitalising the education system

Education technology is seeing a rise across Malaysia. For example, virtual reality (VR) can bring an immersive environment into the classroom.

According to an Associate Professor from Universiti Malaya’s Faculty of Education, the technology is more cost-effective than going on an actual trip.

Virtual Reality (VR) and Augmented Reality (AR) are among the technology pillars of Industry 4.0. While they are often used interchangeably, there are significant differences between the two.

VR removes users from the real world into a simulated one, the professor stated.

The sense of presence in the environment makes learning with VR a realistic experience. This is highlighted by stereoscopic visuals, sound and haptic feedback for a sensory immersion.

Meanwhile, AR has the ability to enhance the real environment and perceptually enrich the user’s experience. It is an enticing technology for educators to use as a tool since the real environment gets annotated and informative.

There is a need for educators to shift gears to embrace 21st-century learning. Malaysia’s typical classrooms are often vestigial products of a bygone 20th-century era suited to facilitate standardised mass education and disregarding the need for individualised learning.

With the advent of VR and AR, the country needs to selectively implement these assistive technologies and harness its potential to support immersive teaching and learning.

Pedagogically, VR and AR allow users to have multiple perspectives. Research has shown that the use of VR and AR highly motivates students to engage in the learning process.

Thus, as Malaysia’s education system is now moving towards demanding more technology, so can edutech start-ups capitalise on this demand and provide innovative solutions to help Malaysian learners.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.