Five enterprises awarded Peninsular Malaysia Shell LiveWIRE winners
Aug 28, 2023
Kuala Lumpur – Five enterprises were awarded winners of Shell LiveWIRE Malaysia 2023 in the Peninsular Malaysia finals, which took place today. This is Shell’s second year in running this entrepreneurship development initiative for Peninsular Malaysia entrepreneurs.
The 2023 Peninsular Malaysia winners GK Aqua, Materials in Works, Complement Ventures, Certiify Solutions and Garbage to Green were part of over 60 participants who joined this programme. They went through a comprehensive bootcamp, where 10 selected finalists moved on to the final pitching competition. Here, the entrepreneurs were assessed based on their business pitches, which demonstrate their drive to grow their business ideas based on their comprehensive business plans and five winners were chosen thereafter.
“It is very inspiring to see our local entrepreneurs leveraging on their skills and digitalisation to not just grow their businesses, but to also contribute towards uplifting their surrounding communities and employability. Our LiveWIRE programme provides a platform for entrepreneurs to connect with the global LiveWIRE ecosystem, which can propel them to further develop their businesses and contribute towards the socio-economic development of the nation and I urge our entrepreneurs to leverage on the opportunities provided by Shell LiveWIRE,” said Syed Hussain Taha, General Manager of Shell Business Operations KL.
The five winning enterprises received a start-up fund of RM10,000.00 from Shell. On top of that, they will also receive a year of business coaching to develop their business plans into full-fledged businesses and access to the facilities and opportunities made available by Shell. Furthermore, the winners will also be given the opportunity to connect with the global LiveWIRE ecosystem and share their knowledge with entrepreneurs around the globe, while standing a chance to compete in the annual Shell Global Top Ten Innovators Awards.
The judges for Shell LiveWIRE Malaysia 2023 Sabah state finals were Zuraimi Abdullah, Business Editor, New Straits Times; Ezy Erwahanis Zainudin, Territory Manager, Shell Malaysia; and Razif Abd Aziz, Vice President/Head, Business Services Division, Malaysia Digital Economy Corporation (MDEC).
Shell LiveWIRE is the flagship enterprise development programme of Shell. The programme strengthens local economies across the globe by promoting entrepreneurship and developing entrepreneurs. This programme, which kick started in Sabah in 2015 and in Sarawak in 2016 aims to inspire young entrepreneurs to innovate and produce real business solutions that meet today’s socio-economic needs. Starting from 2022, Shell LiveWIRE was extended to include entrepreneurs from Peninsular Malaysia.
To learn more on Shell LiveWIRE Malaysia, click here.
Notes To Editors
Shell LiveWIRE Malaysia 2023 Peninsular Malaysia winners’ details
Si Jing Goh
|GK Aqua||GK Aqua is a Malaysian Biotechnology company that is pioneering freshwater prawn biotechnology. GK Aqua aims to make Malaysia a global hub for innovations in the sustainable farming of freshwater prawn species leveraging on its biodiversity, creating sustainable seafood across the globe.
Chong Sen Ooi
Chee Sheng Lau
|Materials in Works||Materials in works is looking to supply reliable GREEN raw materials to specific industries by recovering valuable resources from collected industrial solid wastes and achieving zero waste to landfill goal.|
|Complement Ventures||Complement develops eco-friendly, luxury scented candles that are tech-enabled for working class millennials and Gen-Zs who value the transparency of ingredients that they consume.|
|Norlisa Francis Nordin
Sarah Hannani Ishak
|Certiify Solutions||Certiify is the solution for simplified and secure certificate management. The platform leverages blockchain technology to prevent certification fraud and promote ethical and transparent certification practices.|
Malini R Tamil Salvn
|Garbage to Green||Garbage to Green is an innovative social enterprise that addresses increasing wastes in landfills and its adverse effects on the environment.|
Norlisa Francis Nordin from Certiify Solutions
One of the winners presenting to the judges
Amrit Muralidharan and Avinash Sekhar from Complement Ventures
The five winning enterprises with Syed
Manager, Media Relations,
The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement, “Shell”, “Shell Group” and “Group” are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as “joint ventures” and “joint operations”, respectively. “Joint ventures” and “joint operations” are collectively referred to as “joint arrangements”. Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.
This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”, “ambition”, ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘goals’’, ‘‘intend’’, ‘‘may’’, “milestones”, ‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’, ‘‘probably’’, ‘‘project’’, ‘‘risks’’, “schedule”, ‘‘seek’’, ‘‘should’’, ‘‘target’’, ‘‘will’’ and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak; and (n) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc’s Form 20-F for the year ended December 31, 2022 (available at www.shell.com/investor and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, August 28, 2023. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement.
Shell’s net carbon intensity
Also, in this announcement we may refer to Shell’s “Net Carbon Intensity”, which includes Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell only controls its own emissions. The use of the term Shell’s “Net Carbon Intensity” is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.
Shell’s net-Zero Emissions Target
Shell’s operating plan, outlook and budgets are forecasted for a ten-year period and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next ten years. Accordingly, they reflect our Scope 1, Scope 2 and Net Carbon Intensity (NCI) targets over the next ten years. However, Shell’s operating plans cannot reflect our 2050 net-zero emissions target and 2035 NCI target, as these targets are currently outside our planning period. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target.
Forward Looking Non-GAAP measures
This announcement may contain certain forward-looking non-GAAP measures such as [cash capital expenditure] and [divestments]. We are unable to provide a reconciliation of these forward-looking Non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those Non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc’s consolidated financial statements.
The contents of websites referred to in this announcement do not form part of this announcement.
We may have used certain terms, such as resources, in this announcement that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.