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Digital Penang and MBAN launch angel investment accelerator to strengthen Penang’s startup ecosystem

Aims to drive innovation and position Penang as a hub for early-stage startups The programme will boost investor numbers & capital, strengthening funding for startups Digital Penang, in collaboration with the Malaysian Business Angel Network (MBAN), has announced the launch of the Angel Investment Accelerator Programmea pioneering initiative designed to nurture a new generation of angel investors while bridging the critical funding gap for early-stage startups in Penang. The launch event and LOA exchange, held in Kuala Lumpur during the MBAN Summit 2025, marked the beginning of a three-month accelerator that will deliver structured training, mentoring and deal-flow opportunities for both aspiring and existing investors. By cultivating a skilled pool of local angel investors, the programme aims to fuel innovation, attract entrepreneurial talent, and position Malaysiaparticularly Penangas a premier hub for 01 startup growth and investment. An ongoing MBAN members survey of 59 respondents highlights the significant role angel investors play in the ecosystem. To date, they have deployed close to US$24 million (RM100 million) across 402 startup investments. The Angel Investment Accelerator Programme is designed to build on this foundation and act as a catalyst to increase both the number of active investors and the total capital deployed, ensuring a stronger pipeline of funding for promising ventures. Ng Kwang Ming, CEO of Digital Penang, emphasised the importance of the collaboration, “By building on our partnership with MBAN and nurturing more angel investors, we can unlock funding for early-stage ventures to drive Penangs digital economy and Malaysias economy more broadly.” Echoing this, Peter Wee, president of MBAN, said, “This collaboration with Digital Penang is a significant step forward for Malaysias startup ecosystem. The Angel Investment Accelerator is not just about trainingit is about connecting capital with innovation. We are creating a structured pathway for investors to learn, discover and fund high-potential startups, directly addressing the funding gap for early-stage growth.” According to Digital Penang, this partnership reflects a collective ambition to deliver tangible outcomes that benefit start-ups, businesses, investors and the future workforce in Penang, while building a stronger and more sustainable investment ecosystem for the state. The programme is open to aspiring and active angel investorsincluding high-net-worth individuals, entrepreneurs, professionals and executiveswho are keen to diversify their portfolios while supporting innovation. Participants will gain from structured learning, peer-to-peer networking, and direct engagement with Penangs growing startup community.

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AI agent expectations meet reality as enterprises seek secure, production-ready systems

While headlines about artificial intelligence project failures dominate the news, enterprises are seeing tangible success by honing AI in specific areas such as knowledge access. In that domain, search solutions such as Glean Technologies Inc. have become essential for democratizing enterprise AI across the workforce, embedding intelligent tools into daily workflows. From an operations automation [.] The post AI agent expectations meet reality as enterprises seek secure, production-ready systems appeared first on SiliconANGLE.

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U Mobile taps Huawei as one of its partners to accelerate 5G-A and AI adoption through its enterprise innovation platform

The parties will explore AI-driven monetisation to enhance customer experience Both companies will drive innovation by sharing expertise and supporting startups U Mobile, Malaysias newest 5G network provider, has signed a memorandum of understanding naming Huawei Technologies (Malaysia) Sdn Bhd (Huawei Malaysia) as one of its strategic technology partners to establish its Enterprise Innovation Platform (EIP). In a joint statement, the parties noted that the EIP will serve as a 5G-Advanced (5G-A) and AI innovation lab or sandbox, bringing together end-to-end ecosystem partners and technology expertise to support enterprise use case innovation and adoption. U Mobile will leverage Huawei Malaysias technical expertise and services for the EIP to enable the design and integration of comprehensive network architecture for solutions development, pilot projects and proof-of-concept activities, drawing from Huaweis experience in its 5G-to-business, 5G-to-consumer and 5G-to-home segments. The parties will also explore smart monetisation initiatives leveraging AI and machine learning to improve customer experience. Together, both parties will foster a rich innovation ecosystem within the EIP by sharing industry knowledge, global references and validated business cases, as well as supporting startups and early-stage ventures through funding, incubation support and technical enablement. Through the EIP, U Mobile and Huawei Malaysia will also host awareness and outreach programmes, including technology demonstrations, seminars, exhibitions, roadshows and digital campaigns, to showcase solutions and foster collaboration across industries. U Mobile is pleased to collaborate with Huawei Malaysia as one of our strategic technology partners to establish our EIP, which will enable the development of localised 5G solutions, pilot projects and proofs of concept, while supporting smart monetisation and ecosystem growth. As Malaysias newest 5G network provider, we are committed to accelerating enterprise 5G adoption and digital transformation, enabling businesses to benefit from the latest innovations in next-gen ULTRA5G connectivity and AI, supported by Huaweis expertise, said Woon Ooi Yuen, chief technology officer of U Mobile. We look forward to forging more collaborations with a variety of partners to ensure the success of EIP, he added. Huawei is considered a leader in 5G-Advanced, with GlobalData naming us the sole Leader in their 2025 5G RAN: Competitive Landscape Assessment for the seventh consecutive time, recognising our strengths in 5G-Advanced and AI integration. We are also one of the leaders in research and development worldwide and look forward to leveraging these and our ecosystem of partners to support innovation in Malaysia, said Zac Chow, deputy CEO of carrier business at Huawei Malaysia. The MoU signing took place at the GSMA Digital Nation Summit Kuala Lumpur (ASEAN Edition), held at The Westin Kuala Lumpur, and was signed by Woon Ooi Yuen and Zac Chow. The ceremony was witnessed by Teo Nie Ching, deputy minister of communications; Mohamad Salim Bin Fateh Din, chairman of the Malaysian Communications and Multimedia Commission; Mano Verabathran, deputy secretary general, ministry of communications; Kenneth Chang, deputy CEO of U Mobile; and Simon Sun, CEO of Huawei Malaysia.