Too many startups these days look to angels, VCs and grants for funding, forgetting that all-important source, revenue.
There is a hidden message behind the official roll-out of the Angel Tax Incentive: The Malaysian Government is withdrawing, and the private sector has to be step in to fund the tech ecosystem, writes Karamjit Singh.
The start-up space is recognized as amongst the most vibrant sectors in the country’s technology ecosystem, yet it is still very hard for entrepreneurs to raise money in Malaysia, panelists at the DNA-TeAM Disrupt session said.
Singapore--based global online fashion retailer Inverted Edge said it has raised over S$2 million (USD$1.6 million) through initial investments by venture capital funds and private investors.
It’s about the role of the funding ecosystem, including accelerators, and on the value our start-ups slap on themselves, writes DNA founder Karamjit Singh.
Cradle Fund Sdn Bhd, an agency under the Ministry of Finance, has launched the Malaysian Business Angel Network (MBAN), which will educate, train and accredit angel investors.
It’s not every day that you get to meet a billionaire at an informal event but that’s exactly what over 100 people got to do at the DNA-TeAM Disrupt event held Oct 16 at the Plug & Play Technology Garden in Kuala Lumpur, where Tan Sri Vincent Tan, one of the wealthiest men in the country, was on hand to field questions.
After 13 years of working with startup entrepreneurs, Dr V. Sivapalan is disappointed that most Malaysian entrepreneurs rarely have the belief and faith that they can build global companies.
The Budget 2013 proposed by Prime Minister Najib Tun Razak has no mention at all of his most recent ‘transformation program,’ Digital Malaysia – which is a hint of how highly the current administration views ICT, argues DNA executive editor A. Asohan.
There is an unhealthy confluence of business and politics in Malaysia. It’s not always obvious. Money doesn’t even have to change hands, nor do funds have to be transferred from one account to another. But it’s a quagmire that strips us of any sense of an ethical framework in the business world, writes A. Asohan.