I got an email today that had me bouncing off the walls: "Dear Ainol Razman, Congratulations! Kemaih SDN BHD has been selected as one of the finalists for the One ASEAN Startup Award Phnom Penh Pre-event in the Impact Startup category." To be in the final at the ASEAN level—that’s an achievement in itself! It’s the kind of news that makes you feel like maybe all those sleepless nights and countless rejections were worth it. Speaking of rejections, let's take a stroll down memory lane with some gems we've heard from our local "Impact" Investors: 1. “Have you monetized?” (Um, hello, we’re still in the PoC phase of a brand-new innovation. Charge now and close shop tomorrow? Genius advice, truly.) 2. “You’re not there yet.” (Oh really? Could you kindly point us to where we should be after the MVP and PoC stages?) 3. “You don’t have a problem to commercialize, so no grants for you.” (Ah, yes, because no one likes a startup that might actually succeed.) 4. “Not something we’re looking at right now, we do Fintech and online gambling only.” (Well, aren’t you just a beacon of societal progress?) And the list goes on… It’s frustrating—no, scratch that—absolutely hilarious to keep hearing these rejections. But guess what? We now have our to-be customers—TASKA and TADIKA KEMAS, SeDIDIK of Sarawak, Yayasan Pahang Daycare Centers, Anak Selangor Anak Sihat Program, and NCDRC. We believe in what we’re doing, and we’re not about to let 20% (and growing) of our future generation turn into Jabba-the-Hut-looking zombies with low IQs because of the issue of early-year-malnourishment. See you in Phnom Penh on 2nd September 2024 and thank you etria startup and Jetro! Anyway, for those who thinks this is a Mickey Mouse Award, Eria stands for Economic Research Institute for ASEAN and East Asia. You can visit this site to know more: https://lnkd.in/gbn96bJm
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The Union Commerce Ministry's Department for Promotion of Industry and Internal Trade (DPIIT) is set to launch a digital platform on September 16 aiming to strengthen the country’s startup ecosystem. The platform called the Bharat Startup Knowledge Access Registry (BHASKAR) promises to be a "game-changer for India’s innovation ecosystem", according to an official release. This platform perfectly aligns with the Government of India’s vision to revolutionize the country into a global leader in innovation and entrepreneurship, strengthening the country’s commitment to the startup movement. At this moment in time, India has more than 1,46,000 DPIIT-recognised startups and has quickly transformed into one of the world’s most dynamic startup hubs, the release added on September 15. - The primary goal of the platform is to build the world’s largest digital registry for stakeholders within the startup ecosystem. Here are the salient features that will help the platform achieve its goal: - The digital platform will close the gap between startups, investors, mentors, and other stakeholders, allowing for effortless interaction across sectors. By fortifying resources, BHASKAR will provide startups with immediate access to critical tools and knowledge, allowing faster decision-making and more efficient scaling. - A unique BHASKAR ID assigned to each stakeholder will guarantee personalized interactions and customized experiences across the platform. - With powerful search features, users can quickly locate relevant resources, collaborators, and opportunities, resulting in faster decision-making and operation. - This platform will serve as a channel for promoting India’s global reputation as a hub for innovation, allowing cross-border collaborations accessible to startups and investors alike. BHASKAR marks a crucial step for the government’s continuing efforts to promote innovation, entrepreneurship, and job creation. #startuppedia #startupindia #startup
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The Invention Lab, an early-stage investment firm and TIPS operator in Korea, has officially launched 'Startup VN.com' (www.startup-vn.com), marking a significant milestone as the first website to provide a comprehensive overview of Vietnam's startup ecosystem. This initiative aims to support local startups and investors by offering valuable insights and data. Based in Ho Chi Minh City, The Invention Lab has leveraged two years of research on local startups and the investment landscape to create this platform. Users can access a wealth of information, including: ☑️ 150+ Vietnamese Startup Profiles: Details on founding dates, business models, key industries, and contact information. ☑️ 140+ Investor Profiles: Insights into investment stages, areas, and sectors, along with contact details. ☑️ Ecosystem Analysis: Data on industry-specific investment trends, amounts, and startup fundraising insights. The site also features the latest news and trends in the Vietnamese startup scene and industry-specific analysis reports, all available for free. CEO Kim Jin-young stated, "Vietnam is projected to have the highest economic growth rate globally by 2030 due to its demographic dividend, fostering the emergence of high-quality startups." He emphasized that Startup VN.com will serve as a reliable resource for those interested in the Vietnamese ecosystem. Source: Startup N #VietnamStartups #Entrepreneurship #TechEcosystem #StartupGrowth #VentureCapital #DigitalTransformation #BusinessDevelopment #StartupCommunity #EmergingMarkets #EconomicGrowth #Networking #LocalStartups #AcceleratorProgram #BusinessInsights #MarketTrends
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Africa’s startup ecosystem is booming, with exciting opportunities in fintech, health tech, and more. Innovators are tackling challenges head-on and positioning Africa as a global hub for tech and entrepreneurship. Curious about how startups are driving change and shaping the future? —find out how! #AfricaTech #Startups #Entrepreneurship #Innovation #Africa #Investment #Technology #Read
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Africa’s startup ecosystem is flourishing with opportunities across sectors like fintech, health tech, and more. This article dives into the innovations coming out of Africa and how startups are positioning themselves for growth. The journey to becoming a global leader in tech and entrepreneurship is underway—find out how! #AfricaTech #Startups #Entrepreneurship #Innovation #Africa #Investment #Technology #Read
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Move over, tuk-tuks and night markets! Bangkok is emerging as a tech powerhouse in Southeast Asia. ⚡ Salakjit Joy Munthamraksa, ANDE's East and Southeast Asia Regional Head takes you on a journey through the city's thriving tech ecosystem, highlighting homegrown unicorns like Flash Express, Ascend Money, and Bitkub, and the factors fueling this growth: - Supportive government initiatives: Discover how government agencies are fostering innovation and providing crucial resources to startups. - Thriving investment ecosystem: Learn about the influx of venture capital and the role of crowdfunding platforms in empowering entrepreneurs. - Strategic location: Understand why Bangkok's position as a gateway to Southeast Asia makes it an attractive destination for startups seeking regional expansion. Dive into the article to uncover the full story and see why Bangkok is poised to become a major player in the region's digital economy. ✅ https://ow.ly/hVxE50SNIYn #ANDE2024 #Bangkok #TechStartups #SoutheastAsia #Innovation #Entrepreneurship #BigIdeasSmallBusiness #SGBs
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"Competition does not destroy most startups, but rather poor execution." - Prof. Ndubuisi Ekekwe warns co-learners. Many startups and companies face challenges in executing their business models effectively, and hence they struggle, while some take time to learn how to fix things, others engage in the blame game. The ability of a company to make people open their wallets and pay for the value they have created through products and services resides largely on how they execute. From most indicators, the problem in the market is not competition, because many companies in Africa today are still operating at an infancy level, but rather the inability to execute a business model that would deliver superior results. If you desire to learn how to craft a winning business model and seamlessly execute the same, then I invite you to join us at the Tekedia Startup Masterclass. Pricing: ₦200,000 or $400 only To register, contact Eyitayo Adeleke Email: eyitayo@fasmicro.com WhatsApp: +2347035670954 Join Tekedia WhatsApp channel for more updates - https://lnkd.in/d6EMvDTA
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I recently had the pleasure of sharing the stage with friends at the 2024 Gyeonggi StartUp Summit x South Summit Korea. Moderated by Caela Tanjangco, Austin Arensberg, Ee Ling Lim, and I discussed the global growth landscape and offered insights for founders expanding their businesses. Here are some key takeaways from the speakers: 1. Messages to Korean founders who are expanding their business overseas. From Ee Ling Lim (Executive Director of Market Launch, 500 Global) "The playbooks of startup ecosystems globally are similar or converging, with globalization being a key theme - whether in getting startups to expand globally quickly, or attracting global talent and technology to the local market. It’s for founders to decide if they are a global play from the start or to be a local stronghold." From Austin Arensberg (Head, Okta Ventures) "If the last ten years of startup growth was defined by consumer focused businesses like Coupang the next ten years could look see a shift to enterprise businesses models capitalizing on existing technical and sales talent from smart folks eager to chart a different and more exciting path than joining a large corporation." 2. Messages to the foreign entrepreneurs considering entering the Korean market : From Caela Tanjangco (Head of Asia, Endeavor Catalyst) "I would say now is the time to enter Korea. Founder quality is there, ecosystem support is there, market is expanding due to globalization." From JaeHee Chang (Partner, Antler Korea) "South Korea is compact and dense market, with its population of approximately 51 million concentrated in metropolitan areas like Seoul, offers startups a unique advantage. This enables businesses to quickly reach a diverse customer base, as evidenced by the country's rapid adoption of new technologies. Coupled with South Korea's robust economy, ranked 10th globally by nominal GDP, the market presents a significant opportunity for startups seeking global growth and substantial revenue." On behalf of the speakers, I would like to express our sincere gratitude to South Summit for inviting us to participate as speakers. The opportunity to share our perspectives was invaluable.
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"Competition does not destroy most startups, but rather poor execution." - Prof. Ndubuisi Ekekwe warns co-learners. Many startups and companies face challenges in executing their business models effectively, and hence they struggle, while some take time to learn how to fix things, others engage in the blame game. The ability of a company to make people open their wallets and pay for the value they have created through products and services resides largely on how they execute. From most indicators, the problem in the market is not competition, because many companies in Africa today are still operating at an infancy level, but rather the inability to execute a business model that would deliver superior results. If you desire to learn how to craft a winning business model and seamlessly execute the same, then I invite you to join us at the Tekedia Startup Masterclass. Pricing: ₦200,000 or $400 only To register, contact Eyitayo Adeleke Email: eyitayo@fasmicro.com WhatsApp: +2347035670954 Join Tekedia WhatsApp channel for more updates - https://lnkd.in/dRQuQXMW
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Africa’s startup ecosystem is flourishing with opportunities across sectors like fintech, health tech, and more. This article dives into the innovations coming out of Africa and how startups are positioning themselves for growth. The journey to becoming a global leader in tech and entrepreneurship is underway—find out how! #AfricaTech #Startups #Entrepreneurship #Innovation #Africa #Investment #Technology #Read
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The Department for Promotion of Industry and Internal Trade (‘DPIIT’) has launched the digital platform BHASKAR (Bharat Startup Knowledge Access Registry) under the Startup India program, designed to centralize and enhance collaboration among key stakeholders in the entrepreneurial ecosystem, including startups, investors, mentors, service providers, and government bodies. The primary goal of this initiative is to build the world’s largest digital registry for stakeholders within the Indian startup ecosystem, its key features are: ➡ Networking and Collaboration: BHASKAR will bridge the gap between startups, investors, mentors, and other stakeholders, allowing for seamless interaction across sectors. ➡ Providing Centralized Access to Resources: By consolidating resources, the platform will provide startups with immediate access to critical tools and knowledge, enabling faster decision-making and more efficient scaling. ➡ Creating Personalized Identification: Every stakeholder will be assigned a unique BHASKAR ID, ensuring personalized interactions and tailored experiences across the platform. ➡ Enhancing Discoverability: Through powerful search features, users can easily locate relevant resources, collaborators, and opportunities, ensuring faster decision-making and action. ➡ Supporting India’s Global Brand: BHASKAR will serve as a vehicle for promoting India’s global reputation as a hub for innovation, making cross-border collaborations more accessible to startups and investors alike. India has over 1.4 lakh DPIIT-recognized startups, making it a dynamic startup hub. The launch of BHASKAR marks a significant step forward in the government's efforts to promote innovation, entrepreneurship, and job creation. By facilitating easy access to knowledge and resources, BHASKAR is intended to help unlock the full potential of India's startup ecosystem. #Startup #Entrepreneurship #DPIIT #investors #networking #mentorship #businessgrowth Piyush Goyal
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4moThe local mood isn't very upbeat, which is a bit of a downer. But those who know the incredible work Fix Apa is doing can truly appreciate your vision & the things you champion. Look at Aerodyne's story, for example. They had a tough time winning over local investors at first. But when foreign investments started to pour in, the locals suddenly jumped on board 🤦🏻 It's a bit disheartening, honestly.