- Taiwanese smart energy solution provider presented their innovative solutions and technologies to local Malaysian enterprise at the Smart Energy Taiwan Solutions Speed Dating & Networking Event host by Malaysia Digital Economy Corporation (MDEC)
September 19- 20, 2023: The issue of achieving net zero carbon emissions has gained increasing global attention. In light of this, Taiwan’s International Trade Commission organized the “Wow! Taiwan Project Malaysia Smart Energy Media Cooperation Fair” in Kuala Lumpur from September 19 to 20. Ten selected Taiwanese companies, including GAMA Green-Energy Technology, Taiwan Vehicle Charging Co., Ekopro Ltd., Osmart Solutions Ltd., Chiun Mai Communication Systems Co., Ltd., and Optimization Solutions Asia Engineering Co., Ltd. attended the event. They presented innovative solutions and technologies to 35 local Malaysian enterprises, including Gentari and Sunway, one of the largest companies in Malaysia.
As the drive for net zero emissions intensifies, companies across Asia are adopting new technologies and solutions for equipment, systems, and industries to reduce carbon footprints. These smart energy solutions help meets net zero targets in new overseas markets like Malaysia, where there is strong demand for sustainable solutions from abroad.
Notable results include Hedian Digital Integration Technology Ltd., which cooperated with a major Malaysian telecom company to negotiate smart building and energy management solutions. This collaboration is expected to generate around NT$10 million in revenue. Hedian’s CEO, Lin Shulei, said Malaysia’s smart energy demand is surging. The business matching events organized by the Commerce Development Research Institute (CDRI) allowed Hedian to accelerate solutions for local needs.
Additionally, Ekopro Ltd. is partnering with local providers on energy-saving solutions for factories and hospitals in Malaysia. This is forecasted to generate NT$10 million in revenue. Ekopro’s General Manager, Gloria Chang, remarked that the next few years will be an optimal time to launch net zero emissions solutions in international markets. Ekopro aims to combine resources with more Taiwanese companies to capitalize on this opportunity.
Figure: One-on-one meetings between participating Taiwanese companies and local Malaysian enterprises
The Smart Energy Matching Fair facilitated nearly 50 one-on-one business matching meetings. Participating companies also visited the Malaysia Digital Economy Corporation (MDEC), Malaysian Research Accelerator for Technology & Innovation (MRANTI), and Malaysia Green Technology and Climate Change Corporation (MGTC) to deepen ties and understand local market demand.
Highlights of the MRANTI visit included:
- Seeing the future of Malaysian innovation through robotic demos by HelloWorld Robotics and exploring the cutting-edge MakersLab.
- Facilitating connections between the participating Taiwanese companies and Malaysian tech innovators to foster collaboration.
- Getting inspired by the groundbreaking work happening at MRANTI.
Figure: CDRI delegates, MRANTI delegates, and the BlackStorm team
Highlights of the MGTC visit included:
- MGTC presented Malaysia’s admirable leadership and progress in renewable energy, electric mobility, and sustainability programs like MyHijau and iGEM 2023.
Figure: CDRI delegates, MGTC delegates, participating Taiwanese companies, and the BlackStorm team
The event is expected to drive USD 2 million in business opportunities.
About BlackStorm Consulting
BlackStorm Consulting (http://blackstormco.asia) is a Singapore-based boutique growth consultancy firm specialising in corporate strategy, profit management and investment management. We scale businesses in Southeast Asia. Our clients and connections are internationally present and range from small and medium-sized businesses to MNCs to government agencies.
About Wow! Taiwan Project
Wow! Taiwan Project (https://www.wowtaiwan.org/) selects Taiwan’s most innovative and cutting-edge products and technology solutions. We aim to connect suppliers and buyers worldwide to do business.
Founded by BOFT (Bureau of Foreign Trade) and implemented by CDRI (Commerce Development Research Institute), Wow! Taiwan Project has created a safe online D2B (Direct-to-Business) platform for buyers and suppliers to exchange and connect, ensuring business growth is guaranteed through customized services.
About Commerce Development Research Institute (CDRI)
The Commerce Development Research Institute (CDRI) (https://www.cdri.org.tw/cdrien) was established in 2007 as a national-level think tank for the service industry. Its founding aimed to elevate innovation, knowledge, and competitiveness in Taiwan’s services sector, as outlined in the 2004 Guidelines and Action Plans for Service Industry Development. With trends towards more sophisticated offerings, specialized divisions, innovative management, and globalization, CDRI facilitates collaboration between government, industry, academia, and research institutes. It provides government policy recommendations while delivering comprehensive solutions to enterprises. CDRI is key in envisioning, innovating, and expanding Taiwan’s service industry worldwide.
About Malaysia Digital Economy Corporation (MDEC)
The Malaysia Digital Economy Corporation (MDEC) (https://mdec.my/) is a government agency established in 1996 to accelerate Malaysia’s digital economy and lead digital transformation initiatives. MDEC implements programs to spur tech innovation, increase digital adoption, attract digital investments, and develop local talent. Through strategic partnerships across the public and private sectors, MDEC aims to solidify Malaysia’s position as the Heart of Digital ASEAN. As a key executor of the nation’s Digital Economy Blueprint, MDEC plays a pivotal role in realizing Malaysia’s vision of an inclusive, digitally-powered society and globally competitive digital economy.
About Malaysian Research Accelerator for Technology & Innovation (MRANTI)
The Malaysian Research Accelerator for Technology & Innovation (MRANTI) (https://mranti.my/) is a government initiative established in 2021 under the Ministry of Science, Technology and Innovation. Located in Bukit Jalil, Kuala Lumpur, MRANTI aims to catalyze impact-driven research, support tech commercialization, and nurture startups. It connects industry, academia, and government stakeholders to translate ideas into real-world solutions. MRANTI provides infrastructure like advanced labs, micro-funding, and incubation facilities to accelerate scientific discoveries and innovation. Through collaborative programs, it grooms entrepreneurial talent and new technologies to drive economic growth.
About Malaysia Green Technology and Climate Change Corporation (MGTC)
The Malaysia Green Technology and Climate Change Corporation (MGTC) (https://www.mgtc.gov.my/) is a government agency established in 2010 under the Ministry of Energy and Natural Resources. MGTC spearheads policies, initiatives, and solutions to drive green technology adoption and climate change mitigation in Malaysia. MGTC promotes sustainable practices across key sectors like energy, transport, building, and waste management through strategic partnerships, incentives, and capacity building. As the focal point of Malaysia’s green growth agenda, MGTC plays an instrumental role in achieving balanced economic progress and environmental conservation.