The Hive Southeast Asia

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At the latest Catalyst Series on Generative AI by the Securities Commission Malaysia and The Hive, Deputy Minister of Digital, YB Datuk Wilson Ugak anak Kumbong said during his keynote address that the Malaysian government has seized the opportunity presented by the rise of artificial intelligence (AI), working hard to transform the country into a global AI powerhouse. The Deputy Minister stated that the government is realizing this goal by simultaneously focusing on three aspects, namely AI talent, AI infrastructure, and global leadership in the AI supply chain. A McKinsey-led study in 2018 indicated that AI could add about 1.2 per cent growth to the Malaysian economy over and above the baseline of 4.5 per cent to 5 per cent rate. “ Global leadership will propel AI-led growth in the Malaysian economy beyond the McKinsey estimates,” he said. This is in line with what The Hive has been doing: investing in AI for the past 10 years, advancing education through initiatives like AI Nusantara and collaborating with partners such as GAMUDA’s AI School and Sunway Group's 42 KL. The Hive sees Malaysia as having the potential to become a global innovation hub.

The Hive Southeast Asia is thrilled to share the highlights from the recent Catalyst Series on Generative AI, held at the Securities Commission Malaysia. The event was co-organised by the Securities Commission Malaysia and The Hive and supported by Penjana Kapital Sdn. Bhd., Malaysia Digital Economy Corporation (MDEC), and the Malaysian Venture Capital & Private Equity Association (MVCA) The summit was kickstarted by our managing partner, Dato' Syed Haizam Jamalullail, giving his welcoming remarks and inaugurated by the Deputy Minister of Digital, Yang Berhormat Datuk Wilson Ugak anak Kumbong, followed by Dato’ Mohammad Faiz Azmi, Chairman of the Securities Commission. The summit was attended by corporations, industry leaders, policymakers, and innovators who explored the transformative potential of generative AI in the digital economy. Partners and founders at The Hive, LLC, including T.M. Ravi and Kamesh Raghavendra, and The Hive Climate AI, such as Géraldine Andrieux Gustin, also flew in for the summit. Other organisations that spoke at the summit included Sunway Group, GAMUDA, Google, YTL Power International, 500 Global, Suruhanjaya Tenaga (Energy Commission), Malaysian Venture Capital & Private Equity Association (MVCA), etc. This summit has underscored The Hive’s commitment to propelling Malaysia to become a global AI powerhouse, leveraging the country's talent, innovation, and infrastructure.

🤝 Partnership Announcement 🤝 We are thrilled to announce The Hive Southeast Asia as one of our esteemed Supporting Partner for Startup World Cup Malaysia 2024. The Startup World Cup (Malaysia) 2024, led by Growth Charger - Startup Accelerator and Incubator will bring one local startup to showcase their ideas at Startup World Cup in Silicon Valley. Register now before July 17, 2024 by clicking the link in the comment below 🚀 #SWC2024 #SWCMALAYSIA #SWCGrowthCharger

🚀 Are you a STARTUP? Register for the Startup World Cup (Malaysia) 2024 NOW! Represent Malaysia in Silicon Valley and compete for USD$1,000,000 grand prize! Still wondering if you should join? 🌎 Grow Startups with Global Investors and Startups 🤝🏻 Connect with Top Investors 🔊 Showcase your Innovative Solutions 💵 Stand a Chance to Win USD$1,000,000 📢 Apply now and learn more here - https://lnkd.in/gNrhXb8h #SWC2024 #SWCMALAYSIA #SWCGrowthCharger Lead Partner : Growth Charger - Startup Accelerator and Incubator Strategic Partner: Malaysia Digital Economy Corporation (MDEC) Supporting Partner: The Hive Southeast Asia | Gobi Partners | Iris Capital Partners Malaysia | Curine Ventures | KMP | Artem Ventures | Sunway iLabs | Ficus Capital Ecosystem Partner: WORQ

Thank you BizPod Taylors and fellow panelists @Melissa Foo, Zhen Hui Low and our expert moderator Dr. Kian-Ming Ong for such a thought provoking discussion. 👍 #ESGforVC #VCresponsibility The Hive Southeast Asia

We at The Hive Southeast Asia were honoured to be the judge/mentor at the recent Antler's session. The experience of engaging with 14 innovative startups, comprising founders from Malaysia and various other countries, was truly invigorating. This diversity brought a wealth of perspectives, each tackling unique challenges through different lenses. We deeply appreciate Antler and Khazanah Nasional Berhad for their efforts in bridging the gap of day zero investing in the Malaysian startup ecosystem. Their commitment not only supports local startups but also integrates a global mix of ideas into Malaysia. This aligns perfectly with Malaysia’s ambition to become among the top 20 startup hubs by 2030 as outlined in KL20 Summit. As we continue to support startups, we are excited to see the ecosystem grow and thrive.