THE Selangor International Business Summit 2024 (SIBS 2024), an annual business event, showcases innovation, trade and investment opportunities within the ASEAN region and beyond. 

Hosted by Invest Selangor Bhd, this year’s summit brought together industry leaders, government officials and entrepreneurs across diverse sectors to foster collaboration, explore cutting-edge solutions and encourage foreign direct investment (FDI). 

Five components were commenced, which were the 10th Selangor International Expo Food & Beverage (SIE F&B 2024); the fourth Selangor Life Sciences Convention; the fourth Selangor Investment Industrial Park Expo; the eighth Selangor ASEAN Business Conference; and the ninth Selangor Smart City & Digital Economy Convention (SDEC 2024). 

Collaborative Efforts 

Invest Selangor CEO Datuk Hasan Azhari Idris also launched the Selangor Lab Partnership Programme (SLPP) during SIBS 2024. 

The programme, aimed at strengthening collaborations between industry players and academic institutions, is part of Selangor’s broader efforts to establish itself as a leader in the life sciences sector. 

Hasan Azhari highlighted the initiative as a milestone in fostering innovation and knowledge sharing within the life sciences ecosystem. 

“This programme connects industry with higher learning institutions, creating an environment that accelerates research and development (R&D),” he said.

The partnership includes universities such as Universiti Putra Malaysia (UPM), Universiti Kebangsaan Malaysia and Taylor’s University, alongside financial support of up to RM5,000 for research activities in 2024. 

Meanwhile, the Selangor state government’s Exco and Smart Selangor Delivery Unit MD Mohammad Fahmi Ngah outlined the importance of this initiative in positioning Selangor as a leader in the life sciences industry. 

He said the programme is a proactive effort to unite academic institutions, industry players and government entities to foster ground-breaking advancements. 

“This initiative is not merely a response to current challenges; it is about building a future where collaboration drives progress,” he said during the launching of SLPP 2024.

Mohammad Fahmi noted that Selangor, home to UPM, Universiti Teknologi Mara and Monash University Malaysia, is uniquely equipped to spearhead advancements in the life sciences. 

He acknowledged these institutions as critical sources of expertise and talent, driving the region’s efforts in R&D. 

SLPP aligns with the state’s broader goals under the First Selangor Plan 2021-2025, which prioritises public-private partnerships, talent development and sustainability through the environmental, social and governance (ESG) framework. 

Mohammad Fahmi commented that the programme will cultivate an ecosystem that attracts global investments, contributing to Selangor’s status as a life sciences hub. 

Additionally, he touched on the ongoing development of the Biomedical Park Malaysia in Sepang, which focuses on addressing global health challenges like heart and lung diseases, cancer and diabetes. 

He extended an invitation to international companies to invest in Selangor, emphasising the business opportunities presented by the programme and the Biomedical Park. 

“Your engagement in this programme will not only enrich Selangor’s innovation landscape but also provide exciting business opportunities,” he said.

Mohammad Fahmi called for deeper collaborations between industry leaders and academic institutions to drive sustainable growth in the life sciences sector. 

Healthcare Development

On the second day, Selangor State Government Exco of Investment, Trade and Mobility Ng Sze Han discussed the critical juncture at which healthcare development stands during the Selangor Life Sciences Convention Synergy Conference 2024 (SliSS 2024). “With the rise of advanced technologies and personalised medicine, we are witnessing a transformation in healthcare,” he said. 

The conference theme, “Precision Health and Generative Artificial Intelligence (AI)” highlighted the opportunities that lie ahead in customising patient care for better outcomes.

Ng also shared that Selangor attracted RM6.5 billion in life sciences investments from 2019 to 2023, further solidifying its position as a hub for the sector. 

He praised the success of initiatives like the Selangor Accelerator Programme in biotechnology and the Lab Partnership Programme, which play a crucial role in bridging the gap between industry and academia. 

“These programmes are pivotal in ensuring Selangor’s life sciences community thrives and innovates,” he added.

The event included panel discussions on academia-industry collaborations and success stories from Selangor’s vibrant life sciences ecosystem, reinforcing the region’s commitment to driving sustainable healthcare innovation. 

Eco-friendly Packaging 

During SIBS 2024, Bina BioX Biomaterials, represented by lead researcher Syifaa Razak, showcased its pioneering efforts to develop sustainable packaging solutions. 

Founded only a few months ago and based in Petaling Jaya, Bina BioX focuses on using mycelium, derived from mushroom roots, as an alternative material for eco-friendly packaging.

This technology aims to replace conventional polystyrene packaging, contributing to a reduction in plastic waste and microplastics in the environment.

She discussed the importance of this innovation, saying that while mycelium-based biomaterials are widely used in Europe, they are relatively new to the Malaysian market.

Bina BioX’s goal is to create awareness and promote mycelium as a viable alternative.

“There are a lot of issues with polystyrene, as it often breaks down into microplastics. We want people to know there is a more sustainable, eco-friendly option,” she said.

SLPP, launched at SIBS 2024, presents opportunities for start-ups like Bina BioX to leverage collaborative R&D resources.

By fostering partnerships with leading academic institutions, industry players and government bodies, the programme supports companies in the life sciences and biomaterials sectors to scale up their innovations. 

No Longer Relying on Import 

Advance Pact Sdn Bhd, a well-known player in the local healthcare consultancy and biomedical engineering services, is making strides in medical innovation with its recent venture into ventilator development. 

Represented by business development manager Anizan Roselan at SliSS 2024, the company showcased its pioneering VenTech VS1 ventilator, a product under development since the onset of the COVID-19 pandemic. 

This device aims to place Malaysia at the forefront of medical technology production rather than solely relying on imports. 

Anizan shared that the idea to develop a ventilator in-house came from the company’s MD, who saw the potential for Malaysia to shift from an importer to a producer of advanced medical devices. 

“Our MD’s vision was to innovate rather than simply procure equipment from abroad,” she said.

This shift began with establishing an R&D division within Advance Pact to design the VenTech VS1, now undergoing clinical trials on 40 patients, with mass production anticipated by the first quarter of 2025. 

In addition to the VenTech VS1, Advance Pact is advancing research on the VS2 Pro, which will AI and wireless capabilities. 

“AI helps humans in analysing and suggesting what to do next,” Anizan said. She also highlighted the potential of AI to aid in patient diagnostics and predictive maintenance for the equipment. Collaborating with Mimos Bhd, the company envisions a future where the VS2 Pro will enhance diagnostic accuracy and offer predictive capabilities, further supporting healthcare professionals. 

Promoting Halal Compliance 

Zaiyadal Keluarga Sdn Bhd made a strong presence at SIBS 2024, showcasing new products under its subsidiary IPTV Sdn Bhd, which are Buraq brands and its innovative VH SMART™ Halal traceability system. 

Deputy CEO Ahmad Zikri Ahmad Sofi highlighted the company’s focus on offering halal-certified products and solutions, a mission in line with Zaiyadal Group’s vision. 

Among the showcased products were the Buraq Cool six-litre mineral water and the new Buraq Lube series, including 10W40 semi-synthetic and 20W50 mineral oil for vehicles, showcased at SIE F&B 2024. 

The lubricants, priced at approximately RM70 to RM80 for a four-litre bottle, are available at Buraq Oil and Buraq Mart networks, as well as on online platforms like Shopee and Lazada. 

“We aim to make halal products accessible to a broad market, from daily consumables to automotive needs,” Ahmad Zikri said.

Adding a unique edge, the VH SMART™ system is IPTV’s pioneering halal traceability solution, allowing consumers to verify halal status simply by scanning a product barcode. 

While still in development, with plans to incorporate the Department of Islamic Development Malaysia’s (JAKIM) official database, the system aspires to become the world’s first global Halal data pool. 

This innovation aligns with IPTV’s objective to uphold and promote halal compliance across product lines. 

Meanwhile, Zaiyadal Group manager of digitalisation Syamsul Jasbin provided insights into VH SMART™, an innovative platform designed to modernise halal assurance. 

The VH SMART™ system, along with the Verify Halal™ mobile app, allows users to verify halal certification status by scanning product barcodes, which are linked to a digital database. 

The app integrates directly with JAKIM’s records, helping consumers check if a product has been certified. 

VH SMART™ not only benefits consumers but also serves businesses by offering a comprehensive Halal assurance management system. 

This digital platform enables companies to upload documentation and certification information for products, suppliers and raw materials, streamlining their halal application processes. 

Once completed, applications are submitted to JAKIM for review, ensuring materials and certifications meet Malaysia’s rigorous halal standards. 

While VH SMART™ has been available for two years, recent advancements include a potential partnership with JAKIM to use the platform in place of the current MYeHalal system. 

“We are in the process of securing JAKIM’s approval within the next six months,” Syamsul said.

VH SMART™ could soon become a key component of Malaysia’s halal certification landscape. 

Snacks with Seaweed 

Boohaci Infinity Sdn Bhd, represented by Norliana Abdul Malik, is making waves with Teego, a unique line of seaweed-based snacks, cookies and fresh milk at SIE F&B 2024. 

Norliana introduced Teego’s latest product, the Teego cookies, which are free from butter and eggs and use fresh milk, chia seeds and seaweed. 

“We are committed to creating healthier options with distinct ingredients,” she shared with The Malaysian Reserve (TMR). 

Teego cookies currently come in two flavours: Original and chocolate chip, with the latter already proving to be the favourite among consumers. 

Having recently launched Teego cookies in Japan, Norliana stressed on the brand’s expanding global reach, particularly in markets like Japan, South Korea and Saudi Arabia. 

The brand’s focus has shifted to local and international sales since the COVID-19 pandemic, intending to reestablish and grow its export market. 

“Our goal here at SIBS is to attract more buyers from export markets and also secure partnerships with local supermarkets,” she said.

While trying her best to raise awareness during the duration of the event, she could not resist curbing her enthusiasm about the potential for future collaborations within Malaysia when SIBS 2024 comes to an end. 

Expanding Malay Cuisine 

During SIE F&B 2024, Mamarai Ventures Sdn Bhd led by CEO and co-founder Yussahril Ismail, is making traditional Malay cuisine more accessible through its MamaRai brand, specialising in a range of frozen and ready-to-eat meals. 

Its products, from classic “kuih” to prepared Malay dishes, are widely distributed to retailers such as ST Rosyam Mart and Sogo. 

The company recently introduced a new packaging solution aimed at scaling up distribution and improving convenience. 

“We are focused on creating brand awareness for MamaRai, reaching end-users and potential distributors through events like SIBS,” Yussahril said.

The latest innovation involves a shift from traditional frozen packaging to retort technology, enabling products to be stored at ambient temperatures, which adds shelf stability and ease for consumers. 

This approach aligns with MamaRai’s commitment to expanding its reach and modernising the presentation of traditional 

Malay cuisine for both local and international markets. 

Making Recycling Easy 

At SIBS 2024, Mini Mall Sdn Bhd’s subsidiary, RVM Plus, showcased its innovative approach to recycling through a network of reverse vending machines (RVMs) at SDEC 2024. 

RVM Plus aims to promote recycling by making it convenient and rewarding for users, who earn points redeemable for products after each recycled item. 

Co-founder Ethan Lim highlighted RVM Plus’s goal of making recycling a win-win for both the community and the environment. 

RVM Plus’ machines use AI-driven sensors and barcode scanners to collect vital data on recyclable materials, including PET plastic bottles and aluminium cans. 

This data helps brands and local authorities monitor recycling habits, identify top recyclers and even incentivise employees. 

With recent support from the Melaka state government and Solid Waste Management and Public Cleansing Corp, RVM Plus has already deployed five machines in Melaka and is currently expanding into the Klang Valley. 

“Our machines are capable in terms of contributing to society, and at the same time, we want the public to someday help us do the collection,” he said.

By June 2025, a total of 50 machines are set to be deployed across Putrajaya and Kuala Lumpur, marking a big step toward the company’s goal to promote environmental consciousness across Malaysia. 

Low-carbon, AI-driven Infrastructure

NCT Group, led by GM Eddy Lim, is steering innovation in Malaysia’s industrial landscape with the NCT Smart Industrial Park (NCT SIP). 

Initiated in 2020, this park combines advanced AI with ESG practices, aiming to establish a model for low-carbon, managed industrial spaces. 

Lim said the project aligns closely with Malaysia’s sustainability goals. 

“We are the first certified ESG industrial park, and we won the Malaysia Book of Records for this distinction,” he noted.

NCT SIP is certified for its ESG credentials, earning recognition from Universiti Sains Malaysia for its pioneering commitment to environmental responsibility. 

Located strategically near Kuala Lumpur International Airport in Sepang, the park is designed to cater to multinational corporations and local companies alike, with an emphasis on green practices. 

NCT SIP’s infrastructure is AI-enabled, with smart security, visitor management and data management systems in place. 

The park is also moving towards achieving a 45% reduction in carbon emissions by 2035 and net-zero emissions by 2050. 

“By next year, we are moving towards a five-star rating in the Low Carbon City Framework, which aligns with Malaysia’s vision of a sustainable future,” he said.

Developed in phases, the first segment will be ready by the end of 2025, featuring factories, an AI-managed worker dormitory, a data centre supported by Microsoft Corp and Huawei Technologies Co Ltd, and various business amenities. 

With 70% of its industrial space sold, NCT SIP reflects the high demand for sustainable, cutting-edge infrastructure in Malaysia.