Growth Charger - Startup Accelerator and Incubator’s Post

Malaysia: The Tech in Asia Conference is set for July 24-25 in Kuala Lumpur, gathering startups, founders, investors, and business leaders from across SE Asia https://lnkd.in/gmYM688Y #malaysia #techstartups #techinasia #startupmalaysia #southeastasia #asean #technologynews

🌐 Transforming Thailand's Economy: The Role of Startups in 13 Key Industries The Thai government’s latest initiative highlights the vital role startups play in transforming the economy. These 13 sectors—from smart electronics to food for the future—are key to achieving Thailand's 4.0 goals. 🌍🚀 #Thailand4.0 #EconomicDevelopment #InnovationDriven #FutureIndustries #AOThailand #AdminOutsourcingTH #AdministrationOutsourcingTH If you'd like to learn more about starting a BOI-promoted company and the benefits it offers, feel free to reach out to us at info@adminoutsourcing.com. Read more: https://buff.ly/4eM6SL6

PitchBook’s first collaboration with Enterprise Singapore is finally here! Read it first below ⬇️

#Singapore remains the top #startup investment destination in Southeast Asia. Ranking 5th among the world’s top 10 global startup ecosystems by deal value, Singapore continues to lead the region and accounted for 68% of deal value across ASEAN. Powered by PitchBook, Enterprise Singapore is proud to present the Singapore Venture Funding Landscape 2024 report. Read in full here: https://lnkd.in/g6wKTD98

Here is the final chance for you to showcase your solution at ASEAN level and you may get the a grant as research funding! Check this out↓↓↓

The Untapped Potential of Homegrown Startups – Are You Missing Out? 🚀 Are you curious about the remarkable success stories of Malaysian startups that have soared to new heights with the support of angel and corporate investment? Join us for an insightful panel discussion where you'll hear from industry experts and successful entrepreneurs about the key factors driving their growth and the invaluable lessons they've learned. 🌟 Our esteemed panellists include: Hazwan Razak 🌐, Head of Innovation and Entrepreneurship of SDEC Ts. Adam Ramskay 💼, Senior Manager, CEO's Office, Cradle Ts. Ng Kwang Ming 📈, Chief Executive Officer of Digital Penang The session will be moderated by Xelia Tong 🗣️, Hon. Secretary and Council member of MBAN. Don't miss this opportunity to be inspired and gain valuable insights into the thriving Malaysian startup ecosystem. Join us for an engaging discussion that will shed light on the untapped potential of homegrown startups and the role of angel and corporate investment in driving their success. 👉 Tap https://lnkd.in/gFEevspW and be part of the conversation! 🚀 #HomegrownStartups #StartupSuccess #InnovationJourney #MalaysianEntrepreneurs #InvestSmart

'...but , we also humbly ask ministerial officials, please do your best to support the startups here, not by paying them money or grants, but if they could develop a very competitive product… why not just try to encourage the use of their product designs produced by startups in Malaysia?..' This sentiment was my main takeaway from the recent KL20 Summit. At this summit, Datuk Pua Khein Seng made a compelling case for the government to adopt more products from startups. Yet, despite Malaysia’s ambition to become a leading tech hub in the APAC region, we find ourselves at a pivotal moment where the government’s action—or lack thereof—could make or break our potential. Datuk Pua’s plea highlighted the crucial need for government backing to foster a thriving startup environment, one that could be a game-changer for our economy. The integration of startup innovations promises not just improved governmental operations but also a testament to a genuine commitment to technological progress and the entrepreneurial spirit. At Kapitani , our hope is to witness a new era of transparency within government entities, one that promotes partnerships which directly benefit our farmers and extends well beyond mere technology providers and traders. #bertanibinanegara #cukupdanterjamin #KL20 #Malaysia

A single $ of revenue from government procurement is often worth much much more than a single $ of investment by a VC fund. This is because startup valuation is a multiple of revenue and profit growth and revenue is proof of derisked product market fit, i.e. customers are willing to pay for it. Hence, government procurement can be a much larger lever of value creation for any startup ecosystem if deployed correctly. Unfortunately, this is not reflected in policies and is often missed out in strategy papers by consultants and policy makers. Even in a small country like Malaysia, the government spends billions annually on IT and tech procurement. In many cases, efficient and productive startups are also frequently crowded out by entrenched businesses and interests even if solutions from certain startups could be more nimble, more efficient or more friendly to tax payers. Government agencies should NOT be forced to buy local or from startups necessarily. However, they could be encouraged nonetheless to be supportive where possible. Hence, perhaps some extra + 10% weightage should be given to RFPs whenever local technology is used and negative weightage of -10% be given to straight through importations of foreign products. This partial skew could help spur a more robust local tech ecosystem.

In the interest of spurring the Philippines' global startup ecosystem, the National Development Company’s General Manager, Anton Mauricio, discussed the upcoming launch of the first Philippine Innovation Hub with H.E. Constance See, the Ambassador of Singapore to the Philippines. As the fund manager of the country’s Startup Venture Fund (SVF), NDC aims to support Philippine startups by using overseas ecosystems as platforms to scale globally through expanded consumer markets. This can be done by networking with international investors, partners, and other startups, and getting assistance in setting up overseas offices and potential subsidized acceleration. This initiative will encourage local innovative startup growth that will positively impact the Philippine economy. The launch of the first Philippine Innovation Hub in Singapore is scheduled within the first half of 2024. #NationalDevelopmentCompanyPH #NDCatBagongPilipinas #Singapore #Innovation #StartupEcosystem #Economy Pictured below from left to right: Szarina Ostrea, NDC Executive Assistant; Anton Mauricio, NDC General Manager; H.E. Constance See, Ambassador of Singapore to the Philippines; and Jerahmeel Chen, NDC Chief Innovation Officer.

Startup Genome's Global Startup Ecosystem Report highlights Singapore as the leading startup hub in Asia and 7th globally.🏅 The country's pro-business climate, strong support for startups, and strategic initiatives have attracted global talent and driven economic growth, particularly in tech fields. Malaysia is also experiencing a robust startup ecosystem, with Kuala Lumpur ranked the 5th most valuable emerging ecosystem in the world. Read the full report: https://lnkd.in/d7K5j5P8 #SingaporeBusiness #RecruitmentSG #ASEAN #Malaysia