Malaysian conglomerate Hong Leong Group launches startup innovation centre

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The innovation centre is called HLX and it aims at facilitating corporates and startups to meet

Malaysia-based conglomerate Hong Leong Group announced that it has launched a new innovation centre named HLX. The conglomerate group stated that it seeks to boost the local tech startup ecosystem by creating an intersection point for every aspect in the tech startup community, as reported by KrAsia.

HLX is designed as a Southeast Asia-common practice of private-public partnership (PPP) between Hong Leong Group and the Malaysian Digital Economy Corporation (MDEC), a government agency. It will be located in the heart of Kuala Lumpur.

HLX said it plans to become the hub where corporates can connect with the startup community to exchange ideas and accelerate innovation around technologies like artificial intelligence, high-performance computing and fintech.

HLX features a 250,000 square foot facility with co-working spaces, event facilities, talent development programs, an auditorium, restaurants and a gym.

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Source: E27