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MDeC, MIT launch startups lab in Malaysia

AvantiKumar | July 11, 2014
MDeC's Muhammad Imran Kunalan Abdullah said the Global Startup Labs Malaysia 2014 initiative with Massachusetts Institute of Technology will encourage local innovation.

MDeC Muhammad Imran Kunalan Abdullah modified 

Photo - Muhammad Imran Kunalan Abdullah, Head of Talent, Multimedia Development Corporation [MDeC]

 

Malaysia's national ICT agency Multimedia Development Corporation [MDeC] and Massachusetts Institute of Technology [MIT] have launched a Global Startup Labs Malaysia 2014 initiative to encourage technological innovation as well as to enhance the local talent pool, said the partners.

MDeC's head of talent Muhammad Imran Kunalan Abdullah said the initiative with the international partner's Global Startup Labs is supported by  the Entrepreneurship unit within the Ministry of Education (MoE).

This programme aims to create fundable startups, build capacity and partnerships with partner universities and create a platform to attract students from Institutes of Higher Learning (IHLs) to ICT entrepreneurship, said Imran.

He said that this is the first iteration of the accelerator in Malaysia and almost 40 participants from IHLs have been handpicked for this programme. "The programme hopes to foster technological innovation globally, spark an entrepreneurial spirit in emerging markets and bring sustainable development to partner regions."

The participants will have the opportunity to build a technology startup that solves real problems in their local community and region, said Imran. "In addition, participants will be exposed to a crash course in the world of technology startups, as well as have access to all the necessary resources to get their company off the ground."

"The MIT Global Startup Labs is a hands-on course that provides valuable experience to students so that they can be more successful in starting a new venture," he said. "Through this programme, MDeC hopes to cultivate a generation of young technology entrepreneurs who are able to fully utilise digital technologies to unlock greater opportunities for themselves and their community. We are excited to work with a prestigious institution like MIT, and we hope to inspire greater technology innovation and collaboration through direct learning and interaction."

During the Global Startup Labs Malaysia 2014 [30 June 2014 to 15 Aug 2014], students will be guided through the steps of creating a successful company; from ideation, market research, and writing business plans, to pitching and fundraising. In addition to the programme facilitators from MIT, student teams will be paired up with mentors comprising technology and industry leaders in Malaysia, which include CEOs, government officials and university professors.

Founded in 200, MIT Global Startup Labs (GSL), formerly known as MIT AITI (Accelerating IT Innovation) is a multidisciplinary group within MIT that promotes development in emerging regions by cultivating young technology entrepreneurs.

 

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