Futurise

What Futurise does

Futurise Sdn. Bhd. is a Malaysian government-linked company headquartered in Cyberjaya, Selangor, that operates the National Regulatory Sandbox (NRS) under a mandate from the Ministry of Finance, later transferred in February 2026 to become a subsidiary of the Malaysia Digital Economy Corporation (MDEC). Originally established under Cyberview Sdn Bhd, Futurise builds and runs controlled regulatory test environments that allow companies and universities to trial emerging technologies under relaxed regulatory conditions, with the goal of producing progressive frameworks for Malaysia's future economy. Its core technology stack is not a software product but a portfolio of physical and procedural sandboxes — the Drone Testing Zone and MyAV autonomous vehicle testing routes in Cyberjaya, DRZ Iskandar in Johor (Southeast Asia's first drone and robotics zone), the OHS RegLab for digital health services, AKSADRON (National Drone Sports Academy) in Kuantan, and forthcoming Advanced Air Mobility (AAM) and AI Medical Device regulatory frameworks.

Futurise's product set is structured around the NRS platform and a series of vertical-specific "regulatory experiments": the RegTalk stakeholder discussion platform, Dronecubator (incubator with UKM), RekaRangers (youth program), NTIS (National Technology and Innovation Sandbox) under the PENJANA recovery plan, and an AAM Concept of Operations co-developed with CAAM. The company does not sell software; instead, it facilitates framework development and physical testbed access, supported by strategic partnerships with ministries (Health, Transport, Communications), regulators (CAAM, MDEC, MIGHT, MIROS), universities (USM, UKM, UTM), and international bodies (UAE Regulation Lab, Korea Development Institute).

The business model is a government-mandated public-policy operator rather than a commercial enterprise. Revenue is not publicly disclosed; there are no published pricing models and no select-customer logo list, with activity funded through parent-entity (Cyberview, then MDEC) allocations, government grants, and program budgets. Customer segments are defined by use case — drone and AV operators, digital health providers, technology startups, and micromobility/sports-tech firms — but the principal counterparty and source of funding remains the Malaysian federal government. The organization runs a small team (11-50 employees) and is positioned as Malaysia's principal instrument for designing agile regulation across drones, autonomous vehicles, advanced air mobility, digital health, and increasingly AI medical devices.

Name

Futurise

Legal name

Futurise Sdn. Bhd.

Website

https://futurise.com.my

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Futurise is a Malaysian government-linked company that operates the National Regulatory Sandbox, providing regulatory testbeds and framework development for drones, autonomous vehicles, digital health, and advanced air mobility under a mandate from the Ministry of Finance and now MDEC.

Ownership category

akta.pro rank

Product category

Regulatory Sandbox Services

NAICS

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors (926150), Testing Laboratories and Services (541380)

SIC

Services-Testing Laboratories (8734)

akta.pro primary industry

Conformity Assessment, Testing, Inspection & Certification Cooperation (BPADANAD)

akta.pro secondary industries

International Standards, Norms & Technical Regulatory Bodies (BPADAAAJ), Certified Compliance & Reporting Services (R2/e-Stewards, Audit, ESG) (BPALAIAL)

Keywords

• Regulatory sandbox services
• Emerging technology testing
• Drone testing infrastructure
• Autonomous vehicle validation
• Innovation regulatory frameworks

Headquarters

HQ city

Selangor

HQ country

Malaysia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Distribution channels3 records

Marketing channels4 records

Core offering

Futurise operates the National Regulatory Sandbox (NRS), enabling businesses, startups, and universities to test innovative products and services under relaxed regulatory conditions across sectors including drones, autonomous vehicles, digital health, and advanced air mobility. It runs specialized regulatory laboratories (Drone Testing Zone, MyAV, OHS RegLab) and supporting programs (RegTalk, AKSADRON, NTIS, DRZ Iskandar, Dronecubator) that facilitate collaboration between industry and government to develop progressive regulatory frameworks for Malaysia's Future Economy.

Product overview

Futurise operates as a regulatory innovation company providing the National Regulatory Sandbox (NRS) as its core platform, which enables businesses to test innovative products and services under flexible regulatory conditions. The company offers multiple specialized regulatory laboratories and programs including RegTalk (stakeholder discussion platform), Drone Testing Zone, MyAV (autonomous vehicle testing), OHS RegLab (online health services), and AKSADRON (national drone sports academy). Additional initiatives include NTIS (National Technology Innovation Sandbox), Dronecubator, and Advanced Air Mobility programs. The company facilitates collaboration between industries and government to develop progressive regulatory frameworks for Malaysia's Future Economy across sectors including drones, autonomous vehicles, healthcare, and urban air mobility.

Differentiator

Problem solved

Functional benefit

Brands

• National Regulatory Sandbox (NRS): Government initiative to facilitate collaboration between industries and Government to develop progressive regulatory frameworks for the Future Economy
• NRS
• RegTalk
• Drone Testing Zone
• MyAV
• OHS RegLab
• AKSADRON
• NTIS
• Dronecubator
• RekaRangers

Products and services

• National Regulatory Sandbox (NRS) Primary regulatory sandbox initiative enabling businesses to test innovative products and services under relaxed regulatory conditions in collaboration with government agencies to develop progressive regulatory frameworks for the Future Economy.
• RegTalk Regulatory discussion platform bringing together industry players, regulators, and stakeholders to discuss and address regulatory challenges and opportunities for emerging technologies.
• Drone Testing Zone Designated testing area for drone technology development, operations testing, and regulatory framework development for unmanned aerial vehicles in Malaysia.
• MyAV (Malaysian Autonomous Vehicle) Autonomous vehicle testing zone and regulatory framework initiative enabling testing of self-driving vehicles on designated public roads in Cyberjaya.
• OHS RegLab (Online Health Service Regulatory Lab) Regulatory laboratory for online health services developed in collaboration with Ministry of Health Malaysia to address regulatory frameworks for digital healthcare innovation.
• AKSADRON (Akademi Kecemerlangan Sukan Dron Negara) National drone sports academy and centre of excellence dedicated to developing talent, standards, and competitive frameworks for drone sports in Malaysia.
• NTIS (National Technology Innovation Sandbox) Innovation sandbox initiative under PENJANA economic recovery plan designed to help drive Malaysia's innovation and creativity growth through regulatory support.
• Dronecubator Drone technology incubator program developed in collaboration with Universiti Malaysia (UKM) to nurture innovation and talent in drone technology.
• Advanced Air Mobility (AAM) Comprehensive regulatory framework for urban air mobility including drones and electric vertical take-off and landing (eVTOL) aircraft, developed in collaboration with CAAM and MIGHT.
• DRZ Iskandar Southeast Asia's first drone and robotics zone established in Iskandar Puteri, Johor in collaboration with Iskandar Investment Berhad.

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

21 partnerships are on record, tiered core, supporting and flagship.

• Ministry of Finance, MalaysiacoreStrategic or Co-development Partner · 1 February 2018Government mandate holder - Futurise has been given a mandate by the Government of Malaysia to drive the National Regulatory Sandbox initiative.
• Cyberview Sdn BhdcoreStrategic or Co-development PartnerParent company - Futurise is a wholly-owned subsidiary of Cyberview Sdn Bhd under the purview of Ministry of Finance, Malaysia. Cyberview manages the Cyberjaya technology hub where Futurise operates.
• Civil Aviation Authority of Malaysia (CAAM)coreStrategic or Co-development PartnerPartnership for Advanced Air Mobility (AAM) steering committee and drone regulations. CAAM appointed Futurise to spearhead the AAM Steering Committee.
• Ministry of Health MalaysiacoreStrategic or Co-development PartnerLaunched Online Health Service Regulatory Lab (OHS RegLab) for Malaysian healthcare industry to develop regulatory frameworks for telemedicine and digital health services.
• Malaysia Digital Economy Corp (MDEC)coreStrategic or Co-development PartnerJoint initiatives including MyDroneX conference and digital economy development programs. Futurise became MDEC's subsidiary in February 2026.
• Universiti Sains Malaysia (USM)supportingTechnology or IntegrationAcademic partnership for research and development in regulatory innovation and technology development.
• Universiti Kebangsaan Malaysia (UKM)supportingTechnology or IntegrationCollaboration on Dronecubator program for drone technology development and innovation.
• Universiti Teknologi Malaysia (UTM)supportingTechnology or IntegrationPartnership for AKSADRON drone sports excellence center and drone technology research.
• Malaysian Institute of Road Safety Research (MIROS)supportingStrategic or Co-development PartnerCollaboration on autonomous vehicle test bed development and road safety research.
• Malaysian Industry-Government Group for High Technology (MIGHT)supportingStrategic or Co-development PartnerPartnership to explore new technologies and boost country's competitiveness including Advanced Air Mobility report at LIMA 2025.
• UAE Regulation LabflagshipStrategic or Co-development PartnerInternational partnership signed July 2023 to accelerate regulatory innovation collaboration between Malaysia and UAE.
• Korea Development Institute (KDI)supportingStrategic or Co-development PartnerMoU signed February 2021 for knowledge sharing and co-research activities.
• Academy of Sciences MalaysiasupportingStrategic or Co-development PartnerMoU signed April 2021 to contribute towards a conducive innovation ecosystem in Malaysia.
• National Sports Institute of Malaysia (ISN)supportingStrategic or Co-development PartnerMoU to strengthen regulatory framework in sports technology development, particularly for drone sports.
• Iskandar Investment BerhadsupportingStrategic or Co-development PartnerPartnership to establish DRZ Iskandar (Drone and Robotic Zone) - first drone and robotics hub in Southeast Asia, and expand drone sports to Johor.
• Langkawi Development Authority (LADA)supportingStrategic or Co-development PartnerCollaboration to cultivate cyclotourism landscape in Langkawi.
• Malaysia Productivity Corporation (MPC)supportingStrategic or Co-development PartnerPartnership to enhance cooperation to promote agile regulations in MyDigital.
• JPDP (Jabatan Perkhidmatan Awam)supportingStrategic or Co-development PartnerPortfolio partner for public service digital transformation initiatives.
• STM (Sistem Transit Bersepadu)supportingStrategic or Co-development PartnerPortfolio partner for integrated transit systems.
• Sabah Economic Development Authority (SEDIA)supportingStrategic or Co-development PartnerCollaboration on Sabah Drone Open Day 2024 to showcase cutting-edge drone technology.
• Malaysian Sports Aviation Federation (MSAF)supportingStrategic or Co-development PartnerPartnership to revolutionize drone sports in Malaysia through AKSADRON.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Financial Conduct Authority (UK) Regulatory Sandbox: The original national regulatory sandbox established by the UK FCA in 2016. Operates a cross-sector regulatory experimentation framework; more mature and global in reach than Futurise but shares the core concept of regulator-mediated innovation testing.
• Enterprise Singapore: Singapore government agency driving enterprise development and innovation across sectors. Operates regulatory innovation programs and supports commercialization of emerging technologies, paralleling Futurise's mandate.
• Innovate UK: UK's national innovation agency funding and supporting emerging-technology commercialization, including regulatory experimentation programs. Operates at much greater scale than Futurise but shares the multi-sector innovation facilitation model.
• Info-communications Media Development Authority (IMDA) Singapore: Singapore regulator and innovation enabler for digital media, communications, and emerging tech. Operates sandbox-adjacent regulatory experimentation frameworks in adjacent domains to Futurise's drone, AV, and digital health programs.
• Smart Dubai / Dubai Future Foundation: Government-backed entity driving future technology adoption including regulation, AI, and autonomous systems. Comparable in operating model (government-led multi-sector technology enablement) and in geographic focus on emerging-technology leadership.
• GovTech Singapore: Singapore government technology agency that pilots and scales emerging technologies including autonomous systems, drones, and digital health. A regional peer operating a government-led technology experimentation mandate similar to Futurise.
• Monetary Authority of Singapore (MAS) FinTech Regulatory Sandbox: Pioneer national regulatory sandbox operating in Singapore with multi-sector scope including fintech, digital services, and emerging tech. A larger, more established peer with deeper venture capital integration in its sandbox ecosystem.

Direct peers

• UAE Regulation Lab: UAE government entity operating a regulatory laboratory for emerging technologies across multiple sectors. Direct international peer and MoU partner of Futurise; both operate multi-sector regulatory experimentation platforms within government-backed structures.

Regional players

• Korea Development Institute (KDI): Korean government think tank and MoU partner of Futurise (signed February 2021). Comparable in providing policy research and regulatory co-development support for innovation, though its primary mandate is economic policy research rather than sandbox operations.
• Bahrain FinTech Bay: Bahrain-based fintech and regulatory innovation hub operating in partnership with the Central Bank of Bahrain's sandbox. Comparable as a regional regulatory innovation enabler in the Middle East, though narrower in sector scope than Futurise.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/FuturiseMY
• YouTubeyoutube.com/@FuturiseMY
• Facebookfacebook.com/futurisemy
• LinkedInlinkedin.com/company/futurisemy
• Instagraminstagram.com/futurisemy
• TikToktiktok.com/@futuriseMY

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Futurise