MIT Innovation Sdn Bhd, the technology developer of iCWD Intelligent Drilling System that provides remote-controlled operation using agile activation, was the top winner having won the Best Overall MCY 2016 Award and the Top Commercial Deal Category Award, and rewarded with a prize monies of RM250,000 and RM100,000, respectively.
BNetwork Sdn Bhd, the developer of BWave IoT Platform, was the winner of the Emerging Innovation Entrepreneur Award category bagging a cash reward of RM100,000. Its product is a universal gateway communication platform for IoT (Internet of Things) devices from different technologies. Bwave can support IoT technologies such as Zwave, ZigBee, Enocea and Insteon. Its two pending IPs are valued at RM6.8 million. The company’s target markets are telcos, property developers, smart city authorities and household consumers.
ParkBox Digital Sdn Bhd, developer of street parking payment mobile application, was named runner-up in the New Innovator Entrepreneur Award category and walked away with a prize money of RM50,000.00.