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HARVESTNET

IoT & Tech Products Certification, Traceability, Data Management and Training

COMPANY DETAILS

SUMMARY

HarvestNet is a software solutions provider focusing on the provision of e-govt conformity services, retail consultancy and omnichannel services.

In 2007, we developed our proprietary EMAS (Electronic & Mobile Access System) Database & SMS Checking) with expertise from NEC Japan.

Previously, our EMAS solution was implemented by a Malaysian certifying agency for telecommunications product traceability via IMEI registration database under PFI (Private Funding Initiative). We have successfully delivered projects for Marketing, Social Media, Data Integration, mySQL, C++, jqeury, CodeIgniter, HTML 5, PHP for clients from multi-industries.

PROBLEM

SEA is facing an explosion of imports of IoT (Internet of Things) products due to Industry Revolution IR 4.0, WiFi6 and 5G technology advances. According to SEC-Consult Report , there are 8.6billion units of products connected to the Internet  for Asia Pacific in 2020. Frost & Sullivan forecast that there will be a 30% CAGR and over USD400b marketing opportunities.

Currently in the countries we have explored, certification processes for radiocommunication products are handled within government public service agencies. In face with the rapid expansion of product range, some countries have opened up their certification process to third party providers from the corporate/private sector.

OPPORTUNITIES

In addition, S.E.A countries want to capitalise on RCEP and the expansion of e-commerce and digital logistics hubs such as the DFTZ Malaysia and Smart Digital Hub Thailand. In order to promote standardised products consumption within South East Asia, there is an urgent need for a reliable party with necessary experiences in handling G2B trade compliance services and solutions. This will ensure speedier adoption of technological products for Industry Revolution 4.0 eg financial, medical, retail, automotive, manufacturing.

In S.E.A, we are working with local regulatory bodies to form partnership in IT SaaS as well as to be appointed as certifying agency for technological products. The role of the certifying agency for technological products will encompass product conformity assessment and product registration via self-labeling programme. For example, the range of communications products (with radiofrequency bands) include Short Range Device, Industrial, Scientific, Medical and RFID. In our daily use, these technological products will be  IoT, drones, wireless CCTVs, smart fridge, smart TV, wireless devices in smart homes etc

We are assisted by MITI/MATRADE and KKMM/MDEC to explore SEA as our expansion for solutions & certifying services. 

PRODUCT SOLUTION/SERVICE

Harvestnet will be providing solutions and services in 

  • Digital Platform for Product Certification & Traceability
  • Product Certification Scheme based on ISO/IEC 17065:2012 (internally audited)
  • Expert team of engineers to perform test reports conformity assessment based on technical standards EN, ISO/IEC, CISPR
  • Process Optimisation of existing government compliance and import requirements

TRACTION

In our previous experience, we did registration for 20+ million product units and this has positively impacted the principle brands eg Apple, Samsung, Ericsson and their genuine retailers.

2018-2020, our team has visited Vietnam, Cambodia, Philippines, Indonesia and Thailand. In the discussion with various government agencies, we were welcomed by them to set up our product certification agency to provide conformity assessment and IoT related training programmes. We are working with local partners in these markets to ensure faster adoption and implementation.

CUSTOMERS

We counted top global mobile brands such as Samsung, Apple, Huawei, Maxis, HP, Canon in our list of over 2000 clients previously in EMAS SaaS.

Under Industry Revolution 4.0, the wireless Internet of Things will expand to cover wireless power, manufacturing, retail tech, finance, medical and transport. The total clients base will vastly increase to over 10,000 brands.

Business Model

HarvestNet will earn revenue from tech products compliance and conformity assessment in these services

  • E2 e-Assessment SaaS Platform
  • Product Conformity Certification* 
  • Product Traceability Registration (by individual unit)
  • E-Permit Registration (by shipment application)
  • Ancillary Income - Data management
  • Training

*Product Conformity Certification requirement varies from country to country. Normally, it is a compulsory requirement and all services rendered are pre-paid upfront via online payment. This means zero non-payment risks from clients as well as no cash handling risks from internal staff.

MARKET

We project that SEA's Product Certification & Traceability market for technological products will be worth USD 100m per year by 2025. The digital economy is also projected to generate over USD 400 billion worth eg e-commerce and marketing solutions.

COMPETITION
Product Certification services are normally handled by government related agencies. HarvestNet has some competitive advantages:-

  • As a commercial entity providing services, we will strive to be more agile, responsive and cost effective.
  • The barrier to entry is VERY high due to the ISO requirements, government license and proven track records in relation to Product Certification Scheme.
  • We have received good responses from the industry for our E2 Platform as well as recognition of our strategic plans.

FUNDINGS

We require up to RM3,000,000 which will mainly be used for:

  • OPEX- HR Product Certification expert team
  • OPEX- Maintenance and Operations
  • CAPEX- System customisation as per requirements and data synch system to other Permit Issuance Agencies eg Customs, Regulators, Enforcement

VISION

HarvestNet aims to become the effective leader in South East Asia for Radiocoomunications & IoT Product Certification and Trade Compliance service platform.

INVESTORS
HarvestNet has been self-funded to date. We have put in over RM8 million worth of cash, project team and development related work. We are in final rounds of fundings and cooperation discussion with both government and corporate. Kindly reach out to us for a private funding talk.

FOUNDERS & C-LEVEL MANAGEMENT

 

Nyou Wei Fung is CEO. He has an MBA (International Marketing), Nottingham Trent University, UK. Wei Fung has over 23 Years of corporate and entrepreneurial Experience. He was formerly at Ericsson and Sony Mobile Malaysia. He has deep experience in Business Consulting, Enterprise Sales in SaaS, Channels & PLC- Consumer Electronics in Malaysia, Indonesia, Philippines and Cambodia. His expertise is in Time to Market (Govt Regulations, Customs, Product Cycle Mgmt) and Clients' Acquisitions (projects tenders, channels management, industry advisory for growth/change management).

His twin brother, Nyou Wei Tak is CTO. He has an MBA from Hult International Business School, Boston, USA, M.Engineering (Chemical and Bitotechnology), University of Tokyo, Japan. An experienced professional with 18 years spent in Japan, 6 years in Taiwan and APAC. He served at NEC Japan, Global Forex Trade USA and Ponta Japan. He has a distinguished track record in forming, building and motivating teams, as well as designing and implementing strategic marketing with focus on growth and profitability. His core expertise is in IT, international experience in new markets creation, marketing and business development.

 

TEAM

Abdul Ghani Zainal Abidin, COO

BSc. in Electronics Communications, University of Salford, UK

30 years of Product Certification Scheme and accredited Test Labs management

Former Jabatan Telekom and SIRIM Quality Assurance Services International

Worked as Principal Consultant and Head, Communication and Multimedia Testing Section to SIRIM. Distinguished record includes setting up the Technical Specifications Requirements TSR 2000 for regulatory bodies, training of permit issuance agencies ie MCMC, Suruhanjaya Tenaga, SIRIM, KDRM etc. Well versed with ISO/IEC 17025, 17065 and 9001.

Ir. Aida Razana, GM

MSc.Eng (Telecommunications & Information Engineering), University Technology MARA

Professional engineer with 23 years of Product Certification, Standards and Testing.

Panel member for Malaysian Communications and Multimedia Specifications and Standards. Experience in Market Surveillance activities initiated by Malaysian Communications and Multimedia Commission for Customer Premises Equipment (CPE) in Malaysia. Responsible to review test reports in field of expertise for electrical product application of Suruhanjaya Tenaga (ST)'s Certificate of Approval (CoA). Department of Standards registered Auditor for ISO/IEC 17025, 17065. Approved Signatory for RFEMCT, by Standard Malaysia (DSM). Member of the Communication Industry Standardisation Committee (CISC) and many more.

INDEPENDENT REVIEW PANEL

Experts from Various Industries to Advice & Review HN

 

 


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