Election talk has been the dominant theme for the week, given that Malaysian Prime Minister Najib Razak has dubbed this the 'first social media election, in the country, but for the tech ecosystem, the big news has to be the official launch of the Angel Tax Incentive by Cradle, writes Karamjit Singh.
Malaysia may have one of the most active developing startup ecosystems in the region but we don’t do a good enough job of promoting the fact, admits Cradle Fund chief executive officer Nazrin Hassan.
The Coach and Grow Program (CGP), an entrepreneur training program launched in July last year, celebrated its inaugural year on Nov 22 with a convocation ceremony for entrepreneurs who completed it.
If you need further proof that even very smart people can do stupid things, look no further than the Budget 2013 proposal allocating RM300 million (US$98 million) for a RM200 (US$65) rebate for youths aged 21 to 30 to go towards the purchase of a 3G smartphone, writes DNA founder Karamjit Singh.
MyTeksi.com was born out of a business plan competition at the Harvard Business School that three Malaysians happened to be attending last year. To their surprise, the idea won second prize. That got them thinking that there could be some legs to their idea.