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.
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.
Karamjit Singh lists a multitude of reasons why the RM80-million government initiative to create three competitive bumi ICT companies will not work.
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.
Cradle CEO Nazrin Hassan was the sole Malaysian participant at this year’s World Entrepreneurship Forum, but his presence was sufficient to see some key recommendations from the nation’s perspective being included in the Forum’s guiding White Paper.
A group of government agencies, non-governmental organizations (NGOs) and industry players in Malaysia have officially announced the Lab2Market (L2M) commercialization program, through which they will collaborate to help institutions of higher learning (IHLs) and research institutions commercialize their research.
The launch of pitchIN could not have gone better, but even its founders and supporters realize there are challenges ahead.
The Asian Business Angels Forum (ABAF), being held May 23-25 at the Marriott Hotel in Kuala Lumpur, kicked off with a pre-conference training day which saw hundreds of eager start-ups hungry to get feedback from regional angel investors on the viability of their products and go-to-market strategy.