Bohar Solutions’ Post

🌍 Sri Lanka: A Thriving IT Hub in South Asia! 💻🇱🇰 Sri Lanka’s IT industry is on the fast track to becoming a $3 billion industry by 2024, with over 750 tech companies and 1,000 IT start-ups driving innovation. From software development to AI and digital services, Sri Lanka’s IT sector is making waves globally. 🌐🚀 The government’s push toward a digital economy and the expansion of infrastructure is enabling growth, creating thousands of jobs, and fostering entrepreneurship. With a skilled and adaptable workforce, Sri Lanka is fast becoming a key player in the global IT landscape. 🌱💡 Curious to learn more? Here are some great reads: 🔻https://lnkd.in/g2U66c7i 🔻https://lnkd.in/gmQNi-5f 🔻https://lnkd.in/gbTd6K3e #SriLankaIT #DigitalTransformation #TechInnovation #SriLankaTech #ITSolutions

PUTRAJAYA (Oct 4): In the excitement brought about by the surge of foreign investments in Malaysia’s digital economy, the government wants to see more homegrown technology companies “jump on the bandwagon” and expand their businesses in the country, Digital Minister Gobind Singh Deo said. He said one of the many efforts undertaken by the government to make that aspiration a reality was the Gateway, Amplify, Invest & Nurture (GAIN) initiative by the Malaysia Digital Economy Corporation (MDEC). GAIN aims to drive market access programmes for Malaysian tech companies via business-to-business matching and networking activities with global tech ecosystem players. “Since 2017, GAIN has accessed the markets of over 26 nations. It has seen the involvement of over 150 Malaysian tech companies and organised over 1,000 one-to-one business meetings. “Thanks to the direct facilitation under GAIN, we have seen revenues of RM31.9 billion from 2017 till to date, and exports worth RM11.2 billion,” he said in his speech at the DIGERATI50 Networking Cocktail event in Cyberjaya here Friday. Gobind said the digital economy was expected to play a crucial part in Malaysia's overall economy, as it was projected to contribute 25.5% to the country's gross domestic product by the end of next year. He said Malaysia was on the right path in achieving that target, as indicated by the rise in digital investment to RM66.22 billion in the first half of this year, surpassing the RM46.2 billion recorded in 2023. “These investments hinge on the resilience of our digital sphere. While generative artificial intelligence (AI), for example, can bring a whole lot of benefits to our economy and society, we must also ensure such technology is soundly implemented,” he noted. On another note, Gobind said Cyberjaya, over the years, had been successful in putting in place a tech ecosystem where companies involved could flourish under the Multimedia Super Corridor (MSC) project. “The advancement in technology and innovation that we experience today started 28 years ago. The MSC project launched in 1996 was the starting point of our country's journey in technology and Cyberjaya was the nucleus of the MSC,” he said. Cyberview Sdn Bhd is mandated to drive the growth of a holistic global tech hub ecosystem in Cyberjaya. Picking up on Gobind's acknowledgement of Cyberjaya's success, Cyberview chief executive officer Kamarul Ariffin Abdul Samad said the city had nurtured over 100 startups, raised RM255 million in total investment, generated RM792 million in cumulative revenue and created 1,450 jobs. He said Cyberjaya would continue to be the preferred investment destination of the “big boys” in the digital tech landscape, especially with the increasing demands from those companies to set up data centres for the region, here in Malaysia

"𝗣𝗼𝗹𝗮𝗻𝗱: 𝗘𝘂𝗿𝗼𝗽𝗲'𝘀 𝗘𝗺𝗲𝗿𝗴𝗶𝗻𝗴 𝗜𝗧 𝗣𝗼𝘄𝗲𝗿𝗵𝗼𝘂𝘀𝗲" 💻🛜💾 𝗧𝗵𝗲 𝗖𝘂𝗿𝗿𝗲𝗻𝘁 𝗦𝘁𝗮𝘁𝗲 𝗼𝗳 𝗜𝗧 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗮𝗻𝗱 𝗠𝗮𝗿𝗸𝗲𝘁 𝗶𝗻 𝗣𝗼𝗹𝗮𝗻𝗱 🖥️ The IT industry in Poland has been experiencing significant growth and transformation, making it a focal point in the European technology landscape. As a leading player in the Central and Eastern European region, Poland offers a dynamic and innovative environment for IT companies, attracting startups and established firms from around the globe. Here's a closer look at the current condition of IT companies and the market in Poland. 𝗕𝗼𝗼𝗺𝗶𝗻𝗴 𝗜𝗧 𝗦𝗲𝗰𝘁𝗼𝗿 📈 Poland's IT sector has been booming, driven by a highly skilled workforce, competitive costs, and a supportive business environment. The country boasts a large pool of talented IT professionals, with over 400,000 people employed in the industry. 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗮𝗻𝗱 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 💡 While the IT market in Poland is thriving, it faces some challenges. The global talent shortage in the IT industry is also felt in Poland, with companies competing to attract and retain top talent. Additionally, regulatory changes and economic fluctuations pose potential risks that must be navigated carefully. However, these challenges also present opportunities. The demand for digital transformation across various industries creates a continuous need for IT services and solutions. Moreover, Poland's strategic location in Europe and its strong ties to Western and Eastern markets position it as a gateway for international businesses looking to expand their footprint. 𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁 𝗮𝗻𝗱 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗦𝘂𝗽𝗽𝗼𝗿𝘁 📊 The Polish government supports the IT sector through various initiatives and funding programs to foster innovation and entrepreneurship. Special economic zones and technology parks offer incentives for IT companies to set up operations and invest in R&D activities. Furthermore, industry associations and tech communities are active in Poland, providing networking opportunities, resources, and support for IT professionals and companies. Events such as tech conferences, hackathons, and startup incubators contribute to the vibrant tech ecosystem. 𝗙𝘂𝘁𝘂𝗿𝗲 𝗢𝘂𝘁𝗹𝗼𝗼𝗸 💁 The future of the Polish IT market looks promising. With continuous investments in education, infrastructure, and innovation, Poland is set to maintain its position as a key player in the global IT landscape. Polish IT companies' resilience and adaptability ensure they can navigate challenges and leverage opportunities in an ever-evolving market. In conclusion, Poland's IT industry is in a strong position, characterized by robust growth, innovation, and a supportive ecosystem. As MHL Consulting, we are excited to be part of this dynamic market, offering our expertise and services to help businesses thrive in Poland's vibrant IT sector. #it #MHL #MHLConsultingGroup #IT #Poland

Introducing our latest report, Singapore's Digital Future: Why It's the Perfect Launchpad for Tech Enterprises. This comprehensive analysis explores the thriving IT landscape in Singapore and highlights how the nation is becoming a global hub for innovation and technology. If you’re thinking about starting a business in Singapore, we can help! Our Incorporation Service is here to guide you through every step of the process, making it easier for you to set up your business in this exciting market. Check out the report to gain valuable insights and see how we can support your journey in Singapore’s thriving tech scene. 📥 Access the full report here: https://lnkd.in/gDdH2_jd Let’s explore the opportunities together! ATHR simplifies business registration, governance, accounting, and tax compliance in Singapore. 🌐 Visit us: www.athr.io ✉️ Email: victoria.tran@athr.io 📞 Phone: +84 902041679 #ATHR #EntrepreneurshipSG #SMEGrowth #ITIndustry #TechStartups

Expressions of interest to participate in the 2024 Vietnam Innovation Summit 12-16 November are now open. The Vietnam Innovation Summit (VIS) Is an annual #event in Vietnam that brings together #policymakers, #regional funds, leading #corporations, fast growing #startups, #accelerators and #influencers from around the world to discuss the next wave of #innovation. The Cook Government of Western Australia through Invest and Trade Western Australia (ITWA), will #sponsor the #registration fees for up to five Western Australian companies to participate in this event. The ITWA #Vietnam Office will support #WA businesses with targeted industry #intelligence, #partner search, #connection with the Vietnam network and provide post-mission follow-ups. The program comprises 3 days (12-14 November) of business meetings, site visits and #networking events In Hanoi, and 2 days (15-16 November) of the Summit main conference and side events in Ho Chi Minh. WA businesses operating in the following areas (aligned with the themes of VIS 2024) are invited to apply:- ⭐️Sustainable technology solutions in renewable energy, waste management and green transportation ⭐️Cybersecurity and fintech ⭐️Artificial intelligence, robotics, and automation. VIS 2024 is an #opportunity for participating WA companies to form #jointventures, pursue #marketaccess and attract #investment. Expressions of Interest close on Monday, 30 September 2024. More info here - https://lnkd.in/giGWfrwm Department of Jobs, Tourism, Science and Innovation

🌍 𝐔𝐧𝐥𝐨𝐜𝐤𝐢𝐧𝐠 𝐌𝐨𝐫𝐨𝐜𝐜𝐨'𝐬 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐅𝐮𝐭𝐮𝐫𝐞: 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲 2030 At A&K Advisors, we’re thrilled to share insights into Morocco’s newly launched Digital Strategy 2030, which sets a bold vision for the nation’s digital transformation. This strategy aims to elevate Morocco into a digital powerhouse, fostering innovation, streamlining public services, and creating a competitive digital economy. 𝐊𝐞𝐲 𝐀𝐬𝐩𝐞𝐜𝐭𝐬 𝐨𝐟 𝐌𝐨𝐫𝐨𝐜𝐜𝐨'𝐬 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲 1. 𝐑𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐢𝐳𝐢𝐧𝐠 𝐏𝐮𝐛𝐥𝐢𝐜 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬: By 2030, Morocco plans to digitize over 600 public services, including essential administrative processes, making them accessible through a single, unified platform. This initiative aims to enhance citizen access, cut down on wait times, and reduce physical interactions, particularly benefiting those in underserved rural areas. 2. 𝐒𝐭𝐫𝐞𝐧𝐠𝐭𝐡𝐞𝐧𝐢𝐧𝐠 𝐭𝐡𝐞 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐄𝐜𝐨𝐧𝐨𝐦𝐲: The strategy aims to create 3,000 startups and 240,000 new jobs by focusing on sectors like AI, cloud computing, and digital exports. It also seeks to transform Morocco into a top outsourcing destination, with increased infrastructure and investment to boost digital exports, driving local businesses' digital transformation. 3. 𝐄𝐧𝐡𝐚𝐧𝐜𝐞𝐝 𝐂𝐨𝐧𝐧𝐞𝐜𝐭𝐢𝐯𝐢𝐭𝐲 𝐚𝐧𝐝 𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞: With plans to deploy fiber optic and 5G networks, the strategy promises to expand reliable internet access across the country, targeting 1,800 rural areas by 2026. This connectivity is a key component of the plan, ensuring that all Moroccans have access to digital resources. 4. 𝐈𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠 𝐢𝐧 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐓𝐚𝐥𝐞𝐧𝐭: The goal of training 100,000 digital professionals annually reflects Morocco's commitment to building a skilled workforce. This initiative will help address the growing demand for digital skills and ensure the country remains competitive in a tech-driven economy. 𝐏𝐨𝐥𝐢𝐜𝐲 𝐑𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧 𝐟𝐫𝐨𝐦 𝐀&𝐊 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐬: While the Digital Strategy 2030 is commendable, we believe a targeted approach to support digital entrepreneurs in rural and underserved areas could further strengthen Morocco's digital landscape. Adding mentorship programs, micro-funding, and specialized regional tech hubs would empower local innovators and promote inclusive growth. Additionally, it is essential that startups and very small entreprises be given additional tax breaks and looser labor processes for hiring and firing as these stand in the way of scaling. Morocco is poised for a remarkable digital transformation. We’re excited to see the positive impact this strategy will have on communities, businesses, and the nation as a whole. Let’s build a digitally inclusive and prosperous Morocco together! 💻 #MoroccoDigital2030 #Innovation #DigitalEconomy #AandKAdvisors #PublicPolicy #EntrepreneurshipPolicy

I find point 3 particularly exciting! The emphasis on social entrepreneurship in this report highlights the immense potential of combining societal change with sustainable business models. This combination is precisely what drives us in projects like The Global Village. It’s not just about developing innovative solutions but also creating real value for our communities. An inspiring perspective for the future of work and living!

For the first time in decades, the Philippines has grown faster than Indonesia--a neighbor boasting a bigger population and a more experienced startup ecosystem. What can the Philippines do to make itself an attractive destination for business? Salmon Co-Founder and Executive Chairman Pavel Fedorov shares his ideas on how the Philippines can make itself more attractive to tech businesses with Manila Standard: Continue to invest in infrastructure and key services. Investing in energy strategy and electrification will be critical to the Philippines' continued growth. Prepare its response to potential job losses due to economic risks. Developments such as the mainstreaming of artificial intelligence could lead to unemployment, and the Philippines must be ready to respond to the potential negative impacts of mainstreaming AI. Make it easier for people to work and start businesses in the country. Make it easier for employees of reputable tech companies to obtain resident visas and for entrepreneurs to start new tech businesses in the country, by making the registration and tax filing process smoother and offering tax breaks. These improvements can bring entrepreneurial talent and capital to the Philippines. Learn more from Salmon co-founder Pavel Fedorov here: https://lnkd.in/gz3X_Wzm

Check out Salmon Group Ltd Co-Founder and Executive Chairman Pavel Fedorov insights on how PH can attract more investors and start-ups in his article in Manila Standard: “The Philippines should woo the digital tribe, becoming a haven for digital nomads and professionals—a place where they want to live, work, innovate, and spend. This transformation doesn’t require massive capital investments. It hinges on political will and simple, swift actions: 1) Drastically Simplify Resident Visas: Make it incredibly easy for employees of reputable tech companies to obtain resident visas. Streamline the process so visas can be granted online within 24 hours, beat Korea and Portugal to it. This initiative would rapidly go viral and talent on the ground in Manila would compound faster than anyone anticipates with all the positive externalities. 2) Facilitate Opening New Tech Businesses: Drastically simplify the registration and operation of new tech businesses. It should not take 2-3 months. Enable online company registration within 15 minutes, complete with bank accounts and straightforward tax filings, and offer 3-5 year tax breaks. This would draw significant capital and the digital tribe to Manila. These steps, though straightforward, could catalyze a remarkable transformation.”

Thailand's tech scene is growing rapidly! Konain Asif explains how the country is using technology to drive economic growth across industries, creating opportunities for tech professionals. https://lnkd.in/gczFDQhA Is Thailand the next tech hub in Southeast Asia? #thailandtech #techjobs #digitaltransformation