Even though Mavcap has RM100 million left over from its last allocation from the Malaysian Government, it will be asking for more – ‘actually quite a substantial amount,’ says its CEO.
MDeC has to step out of its box and it absolutely must step up its game. It can do this next year when it gets the next drawdown of its funding from the Government under the 10th Malaysia Plan. Pick the best entrepreneurs and send them to Silicon Valley to test their ideas against the best in the world, argues DNA founder and CEO Karamjit Singh.
IBM has announced a ‘SmartCamp KickStart’ program to identify early-stage entrepreneurs who are developing business ventures that align with its Smarter Planet vision; submissions are now open for startups based in ASEAN.
Piktochart, helmed by the wife-and-husband team of Goh Ai Ching and Andrea Zaggia, was the grand winner of the Silicon Valley Comes To Malaysia (SVC2M) event that began last year and wound up last month. Goh, in Silicon Valley recently on a one-month study and networking tour sponsored by Global Innovation through Science and Technology (GIST) and StartupMalaysia.org, writes about her experience on why sharing and giving is a great way to grow your business network.
It is easy for aspirational words like innovative, creative or out-of-the-box to roll off our tongues, yet how so very tough it is to actually practise and embed these words into our DNA so that we are living, breathing, walking, and talking examples of it.
Chip giant Intel established its global investment and M&A organization Intel Capital in 1991. Its South-East Asian arm was established in 1999 and has since invested US$95 million in technology companies in the region – and not necessarily startups alone.
The Asian Business Angels Forum (ABAF) was held at the Marriott Hotel in Kuala Lumpur from May 23-25. Was it a waste of time? The naysayers and believers have a Face-Off here on Digital News Asia.
Yes, another matchmaking event between entrepreneurs and VCs; yet why do we see so few marriages coming out of these events? Or rather, why do many entrepreneurs still complain about a lack of funds?
The feeling on the ground is that Virtuous Investment Circle, announced with much fanfare in 2010, has not made any investments at all. Its founder Bob Chua vehemently denies this, but admits it should do a better job in sharing what it is doing to live up to its promise of “passionately creating a vibrant ecosystem for angel investing.”