In the context of World Bank support to Malaysia, CGA’s Hamid Alavi contributed to the design and launch of PlatCom Ventures, a public-private partnership for technology commercialization. PlaTCOM Ventures is now considered the national technology commercialization platform of Malaysia. It is a wholly-owned subsidiary company of Agensi Inovasi Malaysia (AIM) formed in collaboration with SME Corporation Malaysia under one of its six High Impact Programs (HIPs) in SME Master Plan 2012-2020.
Its mission is to assist inventors and entrepreneurs develop commercially successful products and services.
PlaTCOM Ventures is designed to discover and support innovations wherever they may be, assess ideas very critically, explore them systematically, and turn the best ones into successful products and services. Rather than following traditional technology transfer models, PlaTCOM Ventures has designed a model that facilitates any segment of the entire commercialization process (end-to-end facilitation) from idea to products and services. The whole approach will be market-driven in supporting industrial innovation and competitiveness. The model is more suited to the innovation environment in the South East Asia region in providing commercialization support for the fledgling businesses, innovators and entrepreneurs including those from academia and public research institutes.