Echelon Malaysia 2014

Echelon Malaysia will be a one and a half day regional event taking place in Malaysia’s capital city of Kuala Lumpur. By exploring Malaysia’s role in the global technology industry, startups will be empowered through the sharing of knowledge by international speakers and investors as well as through structured networking sessions. As part of expanding the Echelon brand within Southeast Asia, event organisers, e27, is putting together its first-ever Echelon in Malaysia to strengthen the connections between technology startup ecosystems in Malaysia with the rest of Southeast Asia and Asia Pacific. To highlight this, e27 is also interested to showcase selected Malaysia startups to the international audience for fundraising and media exposure purposes. Having such an event in this part of the world also draws global interest to position Southeast Asia as a viable market for innovative technologies, early-stage investment and for market access.
Echelon Malaysia 2014 Key

FeaturesWorkshops

Two workshop tracks, a technical track and a business track, are being organized on Day 1 of the event. The technical track is free-to-attend for the public and is ideal for technical teams and CTOs to attend, while the business track is part of the paid conference and deals with country-specific market access strategies within the SEA region. Startups will learn tips and tricks of the trade from representatives from reputable global companies such as Paypal and Softlayer, who are just two of the big names that will be conducting these workshops.

International keynote speakers and panel discussions

The second day of Echelon Malaysia 2014 will feature keynote sessions and panel discussions from both the local and international community. Startups will gain useful knowledge on how to grow and be at the top of their game from influential keynote speakers such as the Team Lead of Singapore & Malaysia from AirBnB, Thomas Wang and Chairman & Group CEO of Catcha Group, Patrick Grove. During the course of the day, panel discussions on Malaysia’s place in the Globalised technical world will also take place.

Startups Showcase

The second day of Echelon Malaysia will also feature selected Malaysia startups to showcase their products and services on stage. Interested startups have to first submit their business and innovation on the Echelon Malaysia website. From there, a select number of startups will be shortlisted. e27 will also be working with Malaysia based incubators and accelerators for this showcase. Both Malaysian and international startups are encouraged to submit their entries by 31 October 2014 at e27.co/echelon/malaysia where more details are provided.

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Top 24 Entrepreneurial Lessons that Joel Neoh, the Award Winning Entrepreneur have Learned in 2014!

Joel Neoh, the Award Winning Entrepreneur & the GROUPON Head of Asia Pacific wrote a note on his reflected Lessons! “Top 24 Entrepreneurial Lessons that he has learned in 2014”!

#1: It’s not important where you come from, but where you’re going.

#2: Not who you are, but what you do that defines you.

#3: People will always say “you can’t”. You just smile and say “watch me”.

#4: People that Joel Neoh most enjoy working with: dream big + get shit done + know how to have fun.

#5: Instead of limiting our challenges, challenge our limits.

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Amy Cuddy, who was listed #1 in Time Magazine’s list of “Game Changers”, …innovators and problem-solvers that are inspiring change in America”

#6: The most dangerous poison against further success is the prolonged feeling of achievement. The antidote is to reflect and think, every night, what can be done better tomorrow.

#7: Simplified summary on investing. There are only 4 things that really count when making an investment: 1) A business you understand 2) Favorable long term economics 3) Able and trustworthy management 4) Sensible valuation That’s investment, everything else is speculation.

#8: Be a genius. Talent hits a target no one else can hit, genius hits a target no one else can see.

#9: 10 habits of the most successful people in the world: Set goals, focus, value time, spend less, work hard, continue learning, group with like-minded, persistent, calculated risk, generosity.

#10: Success is achieved from striving for perfection. Happiness is achieved from embracing the imperfections.

#11: Do the hardest things first. Eat a live frog first thing in the morning and nothing worse will happen to you the rest of the day.

#12: When writing the story of your life, don’t let anyone else hold the pen.

#13: We may not achieve everything we dream, but we will not achieve anything unless we dream.

#14: No one looks back on their life and remember the nights they got plenty of sleep. #‎workhard #‎partyhard

#15: Success comes from having the heart to dream big and the fortitude to see it through.

At Harvard Business School with one of the most inspiring entrepreneurs of our time, Africa's youngest billionaire: Ashish J. Thakkar.
At Harvard Business School with one of the most inspiring entrepreneurs of our time, Africa’s youngest billionaire: Ashish J. Thakkar.

#16: Two kinds of company cultures in this world: cultures where what you do matters, and cultures where all that matters is who you are. Accept only the former, the latter sucks.

#17: WHAT is right is always more important than WHO is right. Outcome not ego.

#18: It’s not where you take things from – it’s where you take them to. Nothing is original. Steal from anywhere that resonates with inspiration or fuels your imagination. Select only things to steal that speak directly to your soul. If you do this, your work (and theft) will be authentic. Authenticity is invaluable; originality is non-existent.

#19: Management is doing things right, while Leadership is doing the right things. Doing the right things is more important than doing things right.

#20: Ambition fires up the strong and threatens the weak. We need to be more ambitious.

#21: Two types of people at work: 1) Can do. 2) Can’t do. Unless your profession needs you to be (2), no reason why you shouldn’t be (1).

#22: Rule #1: Have the courage to dream, and the guts to do it. Rule #2: If all else fails go back to Rule #1.

#23: The most valuable commodity in the world is information; the most valuable tool in the world is communication; the most valuable mental trait in the world is positivity.

#24: Focus on your customers. Serve your employees. Learn from your competitors.

Groupon Malaysia Team 2014
Groupon Malaysia Team 2014

Source: https://www.facebook.com/notes/joel-neoh/top-24-entrepreneurial-lessons-ive-learned-in-2014/10152563025189177

For more Joel Neoh’s Life lesson: http://www.nextupasia.com/30-life-lessons-from-joel-neoh/

CEOs of Malaysia’s Largest Banks Share Top 10 Changing Trends in Banking Industry for Business

CEO Roundtable: Leadership in a Changing Global and Regional Financial Landscape at the 18th Malaysian Banking SummitThoughts from a Gen Y in the Corporate World during the CEO Rountable, summarised in 10 key points.

Panelist:

–        Mr. Ashok Ramamurthy, Group Managing Director, AmBank Group

–        Mr. Goh Peng Ooi, Chairman, Silverlake Axis Ltd

–        Datuk Abdul Farid Alias, President, Malayan Banking Berhad

–        Mr. Osman Morad, CEO of Standard Chartered Bank Malaysia Berhad

–        Mr. Sanjeev Nanavati, CEO Citibank Berhad

Moderated by: Tan Sri Ramon Navaratnam, Director, ASLI & former CEO, Bank Buruh

CEOs of Top Banks Share 10 Changing Trends in Finance & Banking

1. 30 million in Malaysia is not enough; we need to grow beyond that. As an entrepreneur, look at scalability, can we go beyond our shores of 30 million to reach a potential of 600 million across the ASEAN region?

2. Productivity is the name of the game. Always measure and benchmark. Passion, drive and grit is key but ensuring that you and your employees are productive is essential via benchmarking and as Dory says it in finding Nemo, ‘Just keep swimming.. Just keep swimming..’

3. A banker has to be a good juggler, keep everything in balance. Margins are shrinking, there is a chase for liquidity and sticky deposits which is at odds with growth and shift of power with the rising middle class. Leaders need to balance this.

4. In a CEO’s role lining up priorities, there is a restorative role in credibility and reputation. We have to create a set of values to create a corporate identity, known to the community.

CEOs share Top Traits that they are Looking for in Talents
CEOs share Top Traits that they are Looking for in Talents

5. Bankers are not great innovators but we are not too bad at cloning things. Sometimes, a good idea there is a good idea here.

6. Banking used to be a lifetime job, Gen Y now believes in doing what you are passionate about. People now jump jobs for small amounts of increment, so do customers. How do we respond to this?

7. Banking is really a business of human interactions. In fact, majority of businesses consist of a series of human interactions. Knowing this, it is important to learn to delight, motivate and lead.. humans.

8. Leadership is contextual: what makes a good leader at one point in time and place doesn’t make him a good leader elsewhere.

9. Problems but opportunities: There is rising prosperity, pervasive technology; an acute shortness was of talent but greater opportunity for banks to separate themselves.

10. The story of the frog in boiling water – our business is being chipped away by technology, a slow erosion we need to address. Transaction is now instantaneous, instant gratification. It used to be via branches but now there are various touch points for customers.

In conclusion, banks need to understand how to unlock the value within the area in which they operate.

### Special Guest Post ###

Jason Lee is an International Graduate, Standard Chartered Bank graduate programme. As a Gen Y in corporate world, he believes that there is an abundance of opportunities to be entrepreneurial wherever we operate. Connect with him @jasonleecj on Twitter.

Young Entrepreneurs Inspiring Lives through Adversities

The general consensus amongst society is that being born disabled is an affliction often associated with unhappiness, failure, dependency on others and helplessness. These young entrepreneurs have proven otherwise, inspiring lives through adversities.

People often look at those with disabilities and think to themselves, what misery they must be in. But is that always true? Are those who are afflicted with physical disabilities really less capable than the rest of so-called “normal” society?

Measuring society’s attitude and opinion toward the disabled is no easy task as these opinions are based upon social norms, attitudes, as well as a complex mix of misconceptions and stereotypes.

A survey done by the UK government in 2009 shows that 38% of people who were surveyed see the disabled as less productive than non-disabled people while 35% of people felt that the disabled took more from the economy than they contributed.

Such opinions are largely derived from the belief that the disabled require extensive care and looking after. While there is some truth to this, disabled who need round the clock care are neither the exception nor the rule.

Fast Cars & Celebrated Automotive Trading Entrepreneur

Melvin Tong was one of the many 17 year old candidates about to take the SPM (Sijil Pelajaran Malaysia) examinations when he started experiencing a sharp pain originating from the back of his knee.

“It started off with minor pain, like a sprain, and I guess you don’t really worry about it,” said Melvin, “By the time I actually went for my checkup in the hospital, I could already see a small lump the size of a peanut.”

It was later confirmed that Melvin had Fibrosarcoma.

Fibrosarcoma is a cancerous tumor that originates from connective tissue found at the ends of the bones of the arms or legs.

In the course of the next five weeks, 3 biopsies and several opinions from different oncologists later, the tumor grew to the size of a tennis ball and the decision to amputate was made.

By the time he was confronted with the decision, Melvin had grown weary of bouncing from doctor to doctor, the countless referrals and undergoing test after test. He willingly went under the knife in hopes that it would conclude the endless biopsies and regular visits to oncologists.

Melvin, 29 this year, has from then on devoted his life to his love of cars as well as his love of people, taking part in many philanthropic activities in his time including raising awareness for victims of child abuse. In 2010, he entered the Malaysian book of records as the first amputee to climb Mount Kinabalu.

Succeeding in Challenges and Driving Fast Cars is part of the daily life of Melvin Tong
Succeeding in Challenges and Driving Fast Cars is part of the daily life of Melvin Tong

He now owns Extreme Supercars, a thriving business importing, refurbishing, renting and selling luxury vehicles.

“My car business started back when I was 13 years old, shortly after I got my first computer, I made a website for the Need For Speed game,” said Melvin.

It was then that Melvin knew that he would never be able to work for anyone other than himself and made the decision to go into the luxury car business. Melvin says that it had never occurred to him to look for a job.

It was only a few years after college when he was introduced into the car industry, beginning his business selling smaller cars such as the Volkswagen Polo for small commission, comparing himself to a low-pay salesperson.

His business began by brokering the sale of foreign cars to local people, Melvin says that he began the business with no capital, slowly working his way up, building his business into what it is today.

“My disability didn’t stop me from taking my SPM or going to college, everyone knew who I was, but somehow, none of them became really close to me.”

He spoke of the barrier that existed between him and everyone else and said that sometimes it is easier for people to simply alienate someone like him.

The World Health Organization estimated that 10% of any population is disabled in some way. Translating this into Malaysian context, the number would come to 2.7million disabled people currently living in Malaysia.

In 2009,  according to the social welfare department, the total number of disabled in Malaysia was 258, 918 with an average annual increase of 20,000 a year. These are only the ones who are registered.

Of that number, those who are capable of work amount to over 200,000, discounting those with cerebral palsy and those listed in the survey as “others”. A staggering amount of manpower.

Unfortunately, governments have not been able to take full advantage this and the disabled, along with their families, are often persecuted or looked upon as a burden to society.

A prime example of the contribution from disabled people is Zharif Affendi.

National Youth Icon and Beacon of Hope for Youths

Zharif is the proud owner of the Zharif initiative, a Malaysian creative communications company that specializes in corporate social relations consultancy. The company branches out into many fields including public relations and even having his own independent record label.

He also works for MTEM (Majlis Tindakan Ekonomi Malaysia), an NGO which facilitates and assists in the empowerment of the Malaysian economy.

Even born without both arms, Mr Zharif Affendi Running His Business like any other entrepreneur who wants to be successful, hard-working, passionate
Even born without both arms, Mr Zharif Affendi Running His Business like any other entrepreneur who wants to be successful, hard-working, passionate

Zharif was born without arms, and when asked what the exactly the ailment was that caused his birth without upper limbs, he nonchalantly replied that he didn’t know.

“There’s probably a name for it but I never looked it up, I never bothered to know what the reason was.”

Zharif had never required any form of special care, attending run of the mill government schools growing up.

In fact, when he was young, his mother registered him in a primary school that had rejected his application because the headmaster felt that they did not possess the facilities to accommodate a person of his condition.

The day before registration, 6 year old Zharif waited outside the headmaster’s office, asked to meet with him, and when he did, he asked the headmaster’s name, he spelled it, writing on his notebook with only his feet.

Today, he holds a law degree, bachelors of Arts degree and a bachelor of psychology degree. Even being an avid sportsman, listing his hobbies as skateboarding, football, ultra thrill running, scuba diving and taking part in swimathons.

These are only two prime examples of what a disabled person can contribute to Malaysian society. Melvin Tong, owner of one of the most renowned luxury car distributors in Malaysia, and Zharif Affendi, who works toward the growth of Malaysian economy in MTEM.

They are the model of what the disabled community in Malaysia has the potential to be. Sadly most are underestimated and aren’t given the opportunity to contribute.

But things have been changing recently with newly introduced government policies.

The government hopes that providing vocational and academic training to the disabled will sufficiently encourage them to find jobs. Congruent to this, the government has allocated 1% of all public sector jobs to those who are disabled.

And in 2008, the Department Of Social Welfare gives an incentive to the disabled who earn a monthly income of less than RM1200, as well as grants that do not exceed RM2, 700 to aid the disabled in the launching of their own businesses.

Alas, some of these policies are poorly implemented or not properly enforced by government authorities and are altogether ignored or unbeknownst by most.

In the year 2000, it was estimated that the disabled contribute USD1.68 billion to the Malaysian Gross Domestic Import (GDP), while studies conducted to estimate the total global annual loss of excluding the disabled from the economy to be somewhere between USD1.37 to USD1.94trillion.

According to these statistics, it is not the lack of ability that holds back the capabilities of the disabled, but a vicious cycle of poverty, charity and excessive amounts of sympathy that result in their continued reliance on society.

The equalization of opportunities for the disabled to be on par with those who aren’t is crucial to the Malaysian economy and the overall quality of life of persons with disabilities.

Those who are disabled are not necessarily impeded, but it is the inaction of irresponsible parties that truly deprives them from the achievement of their true potential.

Gen-Y College Students Speak Out on Inspiration 

INTI College Subang Students Meet Inspiring Entrepreneurs
INTI College Subang Students Meet Inspiring Entrepreneurs

1. Melinna Loone

2. Nazreen Zainurin

3. Pang Yat Haw

4. Daniel Ibanez Lau

5. Justin Wong Zhe Xuan

6. Vigneshan Kumar

Thoughts from Student Interviewers: We are extremely grateful that we’re able to complete and execute this project on time and up to the standards of our lecturer and also our employer. The hardest part of this project is probably the video part, it was difficult to brainstorm any creative ideas to be put into our video as a documentary video is meant to be serious and if anything that goes against that vibe or would disrupt that atmosphere will need to be thrown out of the window.

It was an inspiring experience to listen to both such amazingly positive stories. Before this, we’ve always had this sympathetic or pitiful feeling towards physically disabled community but after this project, we’ve realized that they are even more positive about life than some of us are. Their determination and spirit to thrive in life has indeed made us reflect on ourselves.

### Article Ends ###

Credit Note: INTI College Subang students from the School of Mass Communication undertook a project by Founder Method to interview successful yet challenged individuals in Malaysia, who have had a lasting impact in society through their business and work. This was a collective effort done by the students, coupled with industry mentors from INTI College Subang and from Founder Method in the implementation of this project.

 

10 Leadership lessons by CEO of Bursa Malaysia

In collaboration with Bursa Malaysia, members of the Young Corporate Malaysians were specially invited to a Buka Puasa with Dato Tajuddin Atan, CEO of Bursa Malaysia, on Wednesday the 16th of July 2014. Below are 10 Leadership lessons at the Bursa Listing Gallery.
1. Acquire and develop knowledge and skills in your chosen skills. Understand how systems, structures and standard operating procedures of work.

Lesson: once you have chosen specific field, practice what Malcom Gladwell popularized as the 10,000-hour rule. Spending enough time on a specific skill will get you somewhere.

2. Be the expert. Mediocre doesn’t make the cut to success. Regardless of colour creed and gender, you need to be the best.

Lesson: Robert Greene is his book entitled Mastery shared about how there are universal ingredients and traits in the part to mastery. A major part of it is becoming an expert in something.

3. There is no shortcut to success. In one organisation, how may CEOs can there be? there can only be one. You have to work hard.

Lesson: Dato’ Tajuddin was clear that he had to work hard and at time even slept at office to get a piece of work done. There is no shortcut and he was CEO of 5 organisations because of his grit and determination.
4. Analyse your circumstances and environment. He made a career decision to stay when he bosses left. This opened up opportunities for him.

Lesson: There is power in understanding your environment. During the good times when the market was up, a lot of people in the treasury team decide to venture on their own but Dato’ Tajuddin decided to stay on and it was one of the best career decisions he has made.
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5. Continue to reinvent yourself. Make calculated move and size the moment. “Download” – read books, meet people and learn!

Lesson: The Lean Start Up movement shared about the idea of pivot. You can apply to yourself and work on improving by learning and to see how to develop a better you.

6. Perseverance and single-minded focus in meeting your objective. Plan, execute and follow through. Don’t leave things to chance.

Lesson: As former Prime Minister of the United Kingdom, Winston Churchill once said, ‘Never, Never, Never Give Up.’ Success comes once you have that laser focus and execute on it. You can control where you are heading.

7. Pressure is part and parcel of the game. Learn to manage and deal with it. Learn to pick yourself up.

Lesson: Pressure allows you to work at peak performance. Dato’ Tajuddin shared about how competition leads to efficiency, He encourages the young working adults to leverage of pressure to get better at what they do.

8. Brain Power “70:30” to “30:70” (from structured vs unstructured). You start to use more brainpower as you climb the career ladder. So you think you are smart? Think again because everybody is smart!

Lesson: As you climb the ranks in the corporate ladder, you move from a technical person (from structured thinking) to a management person (to less structured thinking), don’t forget to remember that a transition like that is crucial lest you don’t grow in your career.

9. Mentoring and networking. Do it personally and professionally. Believe you me, it is exceedingly important.

Lesson: Connect with people, in this borderless platform you can connect with literally anyone with internet access. Here are Top 12 Star Entrepreneurs that You should Connect with for Business Success.

10. It’s all about timing. Opportunity presents itself, and when it does, think and use the skill sets that you have acquired to make a good decision.

Lesson: Opportunities knock a few times in your life, Dato’ Tajuddin received an opportunity to work in New York at 27 years old and he landed just in time for Black Monday (when stock markets around the world crashed) in 1987. That was a milestone in his life experiencing the ups and downs but he was glad to have taken up opportunities, which presented itself.

Dato’ Tajuddin summed it with the quote, “Cogito Ergo Sum” ~ René Descartes (I think therefore I am). Everyone is capable of being who they are, the key to success is to know where you want to head and set sail!

Jason Lee is an International Graduate, Standard Chartered Bank graduate programme. As a Gen Y in corporate world, he believes that there is an abundance of opportunities to be entrepreneurial wherever we operate. Connect with him @jasonleecj on Twitter.

ConcreteJungle #47 : Individium

Aaron created a periodic table that defines the many individualistic nature of fellow Malaysians; all beautifully presented on high quality fashion ware. He shares his origin story of starting Individium and gives his little insight on which characteristics best define Malaysians.

Continue reading ConcreteJungle #47 : Individium

MaGIC Entrepreneurs Dialogue Session 1

MaGIC is launching their inaugural Entrepreneurs Dialog Session.  This is one the first key initiative from MaGIC which is to identify where are the pain points and challenges for a Malaysian Startup and the ecosystem as a whole.

If you have something to complain or voice out, head over to their  here.

The session will be held on the 20th of June. 10am-5pm in Cyberjaya

Below is a map to give you a good idea on where in the Startup Life Cycle you are at.

 

Malaysia startup lifecycle

Malaysia Startup Wiki and The Malaysia Startup Landscape 5 Minute Guide

Recently, Bowei Gai of World Startup Report with a bunch Malaysia startup community leaders created the Malaysia Startup Wiki. This effort was launch by Cheryl Yeoh, the CEO of MaGIC at Echelon 2014 today in her panel about the Malaysia Startup landscape. Malaysia Startup Wiki   In conjunction with the launch of the Malaysia Startup Wiki, MaGIC and WorldStartupReport have team up with one of Malaysia top startup, Piktochart. Together, they have produced an infographic on the 5 minute guide to Malaysia Startup Landscape 2014. From the wiki and infographic, you will get a good idea who are the key entrepreneurs, what are some of the challenges, the opportunities, who are the key investors and also an overall outlook in the maturity of each verticals.

 

Here are some notable insights for an entrepreneur or investor before starting up in Malaysia:

  • 30 Million Population
  • 116% Mobile internet penetration rate
  • 90% of startups are funded by Govt funds
  • Highest number of tech IPO in South East Asia

 

If the page does not load, visit here to view the infographic.

WorldStartupReport-Malaysia_v0.9

Accelerating Ideas – (Formerly known as Entrepreneurs.my)