Fox companies Good Foodie Media and Involve Asia are driving the MarTech industry forward

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  • MarTech-driven e-commerce projected to reach US$ 7.88B by end-2024
  • Both businesses are driving business growth through MDEC’s Wolf Programme

Rene Menezes, president and co-founder of Involve Asia (1st from right) and Lim Pinn Yang, co-founder and CEO of Good Foodie Media (2nd from left) were panellists at the recent Endeavor Future Forum 2.0. (Picture credit: MDEC)

The evolving integration of technology across a range of industries to stay ahead is what is driving the modern economy’s transformation. With Malaysia’s aim for the digital economy to contribute&nbsp, 25.5 % to the nation’s GDP by the end of 2025, it underscores the crucial role of businesses including marketing technology ( MarTech ) and digital creative content in driving this upward trajectory.

The digital creative content segment alone generated an impressive US$ 1.2 billion ( RM5.6 billion ) in 2021 and the ecommerce sector, driven by MarTech, is expected to reach US$ 7.88 billion ( RM35.2 billion ) by the end of the year.

The Malaysia Digital Economy Corporation ( MDEC )’s national strategic initiative, which offers a myriad of enabling incentives for Malaysian businesses and Rakyat to play a leading role in the global digital revolution and digital economy, is a catalyst for the growth of these crucial digital economy segments.

The Founders Centre of Excellence ( FOX ) program, a bespoke program designed for specific businesses that showcase high-growth growth with the potential to become the next scaleup tech icons, has also been introduced in conjunction with the MD initiative. Important MarTech industry players, such as MD standing companies Good Foodie Media and Involve Asia, have been identified by MDEC as being at the forefront of the digital revolution and using their expertise to form and shape the online landscape.

The electronic economy is inventive

The expansion of information development during the pandemic opened up new opportunities for collaboration with in-demand designers. Through a varied approach that involves both publishers and articles creators, Good Foodie Media, a media company focused on food and cooking online content, has benefited from this synergy to assist brands promote their products. Consumer reliance on digital communication was further increased as a result of the pandemic, increasing Good Foodie Media‘s reputation as a reliable source of high-quality content.

The team behind Good Foodie Media unwinding at their recent company annual dinner after a successful year (Picture Credit: Foodie Media)

” During the epidemic, there were movements power purchases,” according to our advertising section. We changed our websites so that internet marketing could be implemented. In doing so, we were able to increase our profit and survive the challenging time. This has taught us to use our already-available tools in times of difficulty, according to Nicholas Lim Pinn Yang, co-founder and CEO of Good Foodie Media.

By properly integrating native consumer behavior with regional consumer behavior in the food and beverage sector, the system that seamlessly integrates articles with commerce has gained widespread support.

The platform has seen considerable success over the years thanks to the major success it has experienced since Lim’s founding in 2017 and several other co-founders since then. After receiving their first cash from an angel investor, they expanded into Kuala Lumpur, expanding from a 1, 000-strong fan base focused on the Penang cooking field to over 30 million users today.

With the major traction we had, we were able to rapidly rise up the ranks and gain access to Johor. He continues,” We therefore diversified our platforms to different verticals to meet people in different consumer demands, including Malaysia Homie, Bangkok Foodie, ChiHou, and Halal Foodie,” he adds.

” We’re working on creating a software program that seamlessly combines commerce and content with the goal of streamlining local consumer behaviour in the F&amp, B room,” according to our strategic hinge. With our 30 million-strong captive audience, we see this as a key opportunity to create an integrated experience that enhances engagement and drives growth in this sector” ,&nbsp, Lim said.

The second installment of Good Foodie Media’s advertising campaign, which partnered with Funding Societies, was launched in association with Maybank and PayNet in 2024. To time, Good Foodie Media has aided over 15, 000 MSME.

In the same year, MDEC gave Good Foodie Media the distinction of being a significant person in the country’s modern economy.

The online advertising market is on the rise.

The most popular online marketing and partner control program in Southeast Asia through the Squirrel program, Involve Asia, has revolutionized how brands and advertisers collaborate with publishers and influencers to create performance-based advertising campaigns. The platform has empowered over 500 brands to reach millions of consumers through its network of 400, 000 affiliate partners, driving a total transaction value of over US$ 1.5 billion ( RM6.7 billion ) since its establishment a decade ago.

Rene Menezes, president and co-founder, Involve Asia (2nd from right) receiving the Malaysia’s Affiliate Marketing Pioneer Award from Amiruddin Abdul Shukor, head of Corporate Services of MDEC. (Picture credit: MDEC)

” What sets Involve Asia off is its&nbsp, commitment to transparency, performance monitoring, and data-driven insight, making it a trusted partner for organizations looking to expand their digital footprint across the place”, says Rene Menezes, president and co-founder of Involve Asia.

Backed by popular opportunity capital and private equity firms like 500 Startups, OSK Technology Ventures, and Bintang Capital Partners, the company has established a solid presence across Asia, with offices across six countries including Malaysia, Indonesia, and Thailand.

Last year alone, Involve Asia raised over US$ 10 million ( RM44.6 million ) in funding to fuel its expansion and product development. The company’s remarkable achievement led to a 150 % annualised growth rate from its beginning stages to pre-IPO success.

The potential of MarTech has been successfully used by Involve Asia to spur growth and spur innovation in digital marketing. By integrating sophisticated equipment, Involve Asia optimises strategy management, enabling detailed targeting and real-time efficiency analytics. These abilities have enabled the business to implement effective strategies that have constantly yielded higher ROI for their clients, including data-driven influence marketing campaigns and highly personalized affiliate programs.

Their creative thinking and creative use of technologies have not only provided thousands of SMEs with new opportunities, but they also established new standards for the environment. The MarTech and online innovative industries act as catalysts for a more diverse and robust digital economy in addition to being growth drivers. These companies are maximizing the full potential of these sectors with MDEC’s proper support, ensuring overall financial growth. &nbsp,

These organizations are poised to remain at the forefront of the online business, supporting progress and enabling businesses to grow in an extremely competitive and technologically connected world as they continue to embrace and progress with the most recent developments in MarTech and electronic information.

For Malaysian online standing companies, MDEC offers a variety of programs. Work for this Malaysia Digital Status.

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pitchIN launches Malaysia’s first equity crowdfunding-focused microfund campaign 

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  • Provides high-growth opportunities for Angel and Advanced owners
  • Supports M’sia’s rely on other money for early-stage businesses

From left: Lai Kai Bin, head of Equity Crowdfunding, pitchIN, Sam Shafie, CEO and co-founder, pitchIN, Christopher Wong Zhi Yi, director and founding partner, Spartan Ives Capital, Marcus Tan Kian Han, director and founding partner, Spartan Ives Capital and Linx Yap Ling Sze, associate, Spartan Ives Capital

pitchIN, Malaysia’s digital fundraising and investment hub, has announced the launch of Malaysia’s first Equity Crowdfunding (ECF ) -focused microfund campaign by Spartan Ives Capital, a registered Venture Capital firm with the Securities Commission Malaysia, managing US$ 61.5 million ( RM275 million ) in Assets Under Management ( AUM).

The Spartan Elevation Fund, which offers high-growth expense opportunities with minimal capital commitments solely to Angel and Advanced investors, was highlighted in a speech by pitchIN. Previously, participation in a venture capital fund was limited to Sophisticated investors, requiring a minimum investment of US$ 56, 000 ( RM250, 000 ).

We’re combining cutting-edge systems with conventional investment strategies by establishing a novel and visible investment opportunity with the Spartan Elevation Fund. This microfund lowers the restrictions for investors, enabling them to back some of Malaysia’s most convincing high-growth companies led by visionary and hard-working companies”, said Christopher Wong, producer and founding partner of Spartan Ives Capital.

By connecting traders with the next generation of business leaders,” we believe this account will not only enable local businesses but also contribute to Malaysia’s economy’s economic growth,” he added.

The Spartan Elevation Fund invests in nearby businesses hosted on the pitchIN platform to promote development. The bank maintains the flexibility to look into and follow another high-potential ventures outside the pitchIN ecosystem despite its core strategy focusing on ECF investment opportunities. This approach enables a sensible investment strategy by combining adaptability to broader market opportunities with focused support for crowdfunding companies.

This ECF-focused microfund is a delight to be included on our system. This program demonstrates our commitment to enhancing trader access to high-potential startups”, said Sam Shafie, co-founder and CEO of pitchIN.

The VC handles this on their behalf, so the microfund plan not just allows Angel and powerful owners to create a diversified portfolio, but it also eliminates the laborious process of identifying investment opportunities. He continued,” This strategy gives investors a more smooth and effective investment experience while accelerating the growth of Malaysia’s innovative ecology.”

The introduction of the Spartan Elevation Fund coincides with Malaysia’s growing commitment to supporting entrepreneurial endeavors and providing other financing options for early-stage businesses. Traders can learn more about the bank on pitchIN’s system.

To explore more about the Spartan Elevation Fund, visit its campaign website at https ://www.pitchin.my/equity/spartan-elevation-fund

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Tech start-ups get extra funds

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In: South-East Asia

Money help drives billion-baht earnings

PUBLISHED: 19 Nov 2024 at 10: 05

To help tech companies expand their start-up businesses for the upcoming season, the Ministry of Higher Education, Science, Research, and Innovation announced an increase of nearly 20 % of its tech account.

To honor its efforts to support emerging entrepreneurs by allowing them to incorporate research and innovations into commercial ventures, the ministry’s Technology and Innovation-Based Enterprise Development Fund ( TED Fund ) recently hosted TED Fund Grant Day 2024.

Supachai Pathumnakul, the agency’s permanent secretary and TED Fund chair, emphasised the agency’s commitment to fostering the market’s green self-reliance and profitability.

He said the department assigned the TED Fund to deliver students, recent graduates, and business companies with access to government money, allowing them to commercialise their research and innovations.

Prof Supachai said the shift aligns with the president’s medium-term and long-term plans for advancing the modern economy.

In 2024, the TED Fund has supported 264 jobs statewide with over 232 million ringgit in cash.

” TED Fund’s financial aid is not concentrated only in the country’s heart but is distributed across all areas”, said Prof Supachai.

Tipawan Vetchakarunyakorn, a director of TED Fund, mentioned the bank’s key initiative efforts for this year, including Startups for Startups, supporting startups with up to 2 million baht of money, and TED Youth Startup, which supports young entrepreneurs through funding programs like TED Youth Startup’s Ideation Incentive Programme and TED Market Scaling Up, which aid businesses ‘ domestic and international expansion.

The TED Fund’s aim for the next year is to support another 270 projects in 13 innovative sectors, with a budget of over 273 million baht, a 17.6 % increase.

According to Ms. Tipawan, the TED Fund’s investment in tech entrepreneurs this year has led to more than a billion baht being made for social and economic improvement initiatives.

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Five startups win MYCentre4IR-Bursa Malaysia ESG Innovation Challenge 2024

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  • Supports necessity of innovation to fulfill conservation, business goals
  • Powered by UpLink, the World Economic Forum’s available development program

Winners of the MYCentre4IR ESG Innovation Challenge 2024 alongside corporate partners and guests, including Norman Matthieu Vanhaecke, CEO of Cradle Fund; Ellina Roslan, Senior Director MYCentre4IR, MyDIGITAL Corporation; and Muhamad Umar Swift, CEO of Bursa Malaysia.

The MYCentre4IR ESG Innovation Challenge 2024 on 7 Nov saw five innovative startups winning US$ 22, 344 ( RM100, 000 ) each in bridge funding to implement their proof-of-concept with their respective corporate partners.

The Challenge is a joint initiative by the Malaysia Centre for Fourth Industrial Revolution ( MYCentre4IR ) and Bursa Malaysia Bhd, seeking to find cutting-edge digital solutions aimed at enhancing the Environmental, Social, and Governance ( ESG) efforts of five Malaysian Public Listed Companies, namely CJ Century Logistics Holdings Bhd, Globetronics Technology Bhd, Malayan Banking Bhd, REDtone Digital Bhd and Sunway Innovation Labs ( representing Sunway Group ).

Launched on 1 Aug, the Challenge attracted local and international members, including from the United States, Sweden, Canada, India, Singapore and Namibia. 32 out of over 100 entries came from Malaysia.

The Challenge was powered by UpLink0, the World Economic Forum’s open technology platform, with access to a worldwide group of 80, 000 companies, owners, professionals and changemakers. Early-stage businesspeople are met by UpLink’s technology-enabled method, which creates an innovation ecosystem that causes good systemic change for both people and the planet.

]The World Economic Forum’s UpLink is an open technology program designed to connect companies, experts, and investors with the goal of tackling the world’s most pressing issues, including climate change, cultural injustice, and sustainable growth. ]

Our goal with this Challenge is to find fresh ideas and creative digital solutions to help businesses achieve zero carbon pollution or increase efficiency through approach technology, according to Adrian Marcellus, CEO of MyDIGITAL Corporation. It attracted over 100 entries from businesses across 30 nations”.

He continued,” Our problem is the first to be implemented via UpLink for the Southeast Asia area because of our affiliation with the World Economic Forum.”

Muhamad Umar Swift, CEO of Bursa Malaysia shared its part in this engagement. We are constantly looking to support innovative businesses that have the ability to record on the Exchange, which could potentially contain any of these businesses. To expand our investment market’s pipeline of diversified companies, we need to do this. Hosting this Challenge reinforces the importance of intentional efforts to engage on innovation in order to achieve a company’s conservation and business objectives, which are becoming increasingly important to investors from PLCs these times.

A board of 11 courts, which included representatives from Bursa Malaysia, MyDIGITAL Corporation, Cradle Fund, and each of the five participating PLCs, presented their innovative solutions during the Demo Day held at Bursa Malaysia as part of the final round. Five winners were chosen, with one winning option related to each of the five PLCs, as a result.

The RM100, 000 in gate funding for each success may be co-disbursed in phases by MYCentre4IR and Cradle Fund for the execution of the proof-of-concept pilot jobs. The companies will collaborate closely with their business partners, who will provide assistance and mentoring throughout the application phase of the year. The goal will be to achieve ESG outcomes and tangible process automation.

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Kuala Lumpur International Mobility Show 2024 returns for 10th edition

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  • Potential freedom trends are exhibited at auto shows.
  • To have 70 attendees across 30, 000 square feet of exhibition area

Kuala Lumpur International Mobility Show 2024 returns for 10th edition

The Malaysia International Trade and Exhibition Center ( MITEC ) will host the 10th edition of the Kuala Lumpur International Mobility Show (KLIMS ) from December 5 through December 11, 2024. Nearly 70 exhibitors will take part in the event, which will be held over 30 000 square meters of exhibition space over two levels, thanks to the Malaysian Automotive Association ( MAA ).

This year’s design,” Beyond Mobility”, aims to highlight key developments shaping the future of the automotive market. The display will provide a range of vehicles, eco-friendly freedom solutions, and automotive engineering from different brands and service companies.

The Malaysian Automotive Association ( MAA ), led by Mohd Shamsor bin Mohd Zain, stated that KLIMS 2024 provides insight into transformative trends like electric vehicles ( EVs ) and environmentally friendly mobility solutions. We see a promising future for our electrical industry as a result of the Indonesian government’s continued commitment to sustainable and revolutionary mobility solutions, including policies supporting green technology and incentives for EV adoption.

Visitors can expect to see exclusive debuts from major brands including Perodua, Nissan, Toyota, Great Wall Motor, Kia, Morris Garage ( MG), and Mazda. The event will also have displays of exotic vehicles, unique designs, vintage automobiles, and die-cast vehicles.

KLIMS 2024 will offer attendees the chance to participate in a lucky draw with prizes worth US$ 55, 700 ( RM250, 00 ). A Perodua AXIA in Lava Red is the first prize, while the second reward is a Toyota Yaris 1.5G Limited in Platinum White Pearl with a 2-tone color scheme. The Malaysian Automotive Component Parts Manufacturers Association ( MACPMA ), the Malaysian Automotive Robotics and IoT Institute ( MARii ), the Automotive Federation Malaysia ( AFM), the Malaysian Automotive Component Parts Association ( MASAAM ), and other government and industry organizations support the event. The Malaysia External Trade Development Corporation ( MATRADE ) also supports it.

During the celebration, several partners will provide services, including AVIS Malaysia, which offers luxurious Vehicle experiences and shuttle services, and CARSOME, which offers on-site auto inspections and trade-in services.

For more information about KLIMS 2024, interested parties can visit https ://klims.com.my.

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Hemisphere Ventures opens in Singapore amid SEA expansion | FinanceAsia

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Hemisphere Ventures, a US venture capital and consulting firm known for early-stage investments in space, cybersecurity, biotech, nanotech, drones, robotics, and other frontier technologies, has opened a new office in Singapore, marking its first expansion into Southeast Asia ( SEA ).

Established in 2014, Hemisphere has a collection of US border tech investments, with home offices as investors. Illustrations of markets include area, security, bioscience, nanotech, drones, robotics, and another frontier technologies

Leading the agency’s rise in SEA is Chip Whittemore, who has just been promoted to managing companion. In his new role, Whittmore may direct Hemisphere’s Singapore activity, building relationships with local shareholders, founders, and important stakeholders. According to a media transfer, Hemisphere has also been given the task of utilizing its US network to connect SEA startups with existing collection companies. &nbsp,

Lisa Rich, founder of Hemisphere Ventures, said in the relieve:” Hemisphere’s devotion to the development ecosystem has gone world. Our new company in Singapore makes it easier for startups to interact with global markets and encourages engagement there.

As both skill and cash flow to the area, Processor’s leadership and vision will be crucial to unlocking growth opportunities in the area’s SEA, which is ripe for growth.

According to the transfer, the number of home offices in Singapore has more than tripled since 2020, with 250 more ones established in the first eight month of 2024. &nbsp,

Singapore offers a secure and attractive location for investments in innovative technology, with access to SEA’s high-growth options, according to Chip. I’m excited to direct Hemisphere’s development, and connect owners and traders to the global business marketplace”.

¬ Capitol Media Limited. All rights reserved.

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Hemisphere Ventures opens in Singapore in SEA expansion | FinanceAsia

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In: Asia, Finance, South-East Asia

Hemisphere Ventures, a US venture capital and consulting firm known for early-stage investments in space, cybersecurity, biotech, nanotech, drones, robotics, and other frontier technologies, has opened a new office in Singapore, marking its first expansion into Southeast Asia ( SEA ).

Established in 2014, Hemisphere has a collection of US border tech investments, with home offices as investors. Illustrations of markets include&nbsp, speed, security, biotechnology, nanotech, drones, robotics, and another frontier technologies

Leading the agency’s rise in SEA is Chip Whittemore, who has just been promoted to managing companion. In his new role, Whittmore may direct Hemisphere’s Singapore activity, building relationships with local shareholders, founders, and important stakeholders. According to a media launch, Hemisphere has also been given the task of utilizing its U&nbsp network, which includes facilitating connections between clients and existing collection companies in SEA. &nbsp,

Lisa Rich, founder of Hemisphere Ventures, said in the media relieve:” Hemisphere’s devotion to the development ecosystem has gone world. Our new business in Singapore makes it easier for startups to interact with global markets and encourages engagement there.

As both skill and cash flow to the area, Processor’s leadership and vision will be crucial to unlocking growth opportunities in the area’s SEA, which is ripe for growth.

Since 2020, the number of home offices in Singapore has more than tripled, with 250 more opening in the first eight month of 2024.

Singapore offers a secure and attractive location for investments in sophisticated technology, with access to SEA’s high-growth options, according to Chip. I’m excited to direct Hemisphere’s development, and connect owners and traders to the global business marketplace”.

¬ Plaza Media Limited. All rights reserved.

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Digital tourism Innovation Lab Cohort 3: MDEC paves the way for a tech-driven tourism future 

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  • 24 businesses selected for an eight-week program
  • Programme received 117 uses over three population

Representatives from the Ministry of Digital, Ministry of Tourism, Arts & Culture, Malaysia Digital Economy Corporation, as well as 1337 Ventures with the participating companies for this DTIL Cohort 3.

The Malaysian Digital Economy Corporation ( MDEC ), a program designed to accelerate the digital transformation of the tourism industry, celebrated the success of Cohort 3. The organization stated in a declaration that the DTIL this year featured a number of pitches from companies focused on transforming the future of hospitality in Malaysia.

According to the statement, the occasion supports the Ministry of Digital’s plan to make Malaysia a regional leader in terms of modern leadership.

According to MDEC, DTIL is more than just a project, it is a system that builds and supports a growing tourism technology ecosystem, catalysing fresh innovations to meet industry needs, drive digitalisation, and promote Malaysia’s tourism offerings. Since its launch, the project has received an motivating answer, with 117 programs over three groups. Of these, 24 firms were selected for an intense eight-week program that included coaching, funding possibilities, and access to state-of-the-art services. &nbsp,

Individuals collaborated with industry experts to create creative solutions that could have a significant influence on Malaysia’s tourism sector and local communities as a result of this cooperative culture.

The event, which took place at Common Ground Bukit Bintang, attracted prominent figures from Malaysia’s tourism and modern sectors as well as leaders from MDEC and its accelerator partner 1337 Ventures. Certificates were presented to the 24 participating businesses by a Ministry of Digital consultant who also highlighted the program’s effect. Some DTIL members have already attracted funding from venture capital firms and angel investors, while others have reported increased revenues and powerful local market expansions.

Tourism is a crucial pillar of Malaysia’s market, with large potential to further increase the world’s GDP. Global forecasts indicate that travel and tourism’s total GDP contribution will reach US$ 16 trillion ( RM71 trillion ) by 2034, or 11.4 % of the global economy, according to Statista. Important technology investments in traveling and flexibility between 2018 and 2024 have included AI, IoT, Immersive Tech, Blockchain, Web3, and Quantum Computing – places where Malaysia is poised to make its level. With Visit Malaysia Year 2026 approaching, MDEC remarked that its DTIL effort is a necessary step in turning the region’s tourism industry into a model for online innovation.

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Hasan.VC kicks off Cohort 002 of Accelerator Programme

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  • The first group included 42 companies, 12 of which secured financing
  • 7-week program designed to support early-stage Halal &amp, social companies

Hasan.VC kicks off Cohort 002 of Accelerator Programme

Hasan. Software for Cohort 002 of the Accelerator Programme are now available, according to VC, an essential component of the Ethis Group. Starting on 6th January 2025, this seven-week online initiative aims to support early-stage Halal and honest business owners. Following the successful release of its annual group, which saw 42 startups participating, with 12 securing financing, this circular invites online applications from founders with ambitions to range within Southeast Asia’s high-growth region.

The Hasan. VC Accelerator is a seven-week online programme offering early-stage startups a support package that includes pre-seed funding of up to US$ 60, 000 ( RM268, 000 ), mentorship from top-tier trainers and successful Muslim founders, and access to a network of over 500 angel investors. Individuals will also benefit from a group of like-minded founders, exposure to a lover collection of over 60 million Muslims, and state funding matching possibilities.

The Accelerator empowers companies to level their businesses with advice and resources that are specifically tailored to their needs in order to address the unique issues faced by business owners in Southeast Asia’s high-growth area. To day, the program has helped launch modern businesses, such as Synbiozymes, Reyhut Automation, and GoBarakah.

The Accelerator program aims to maintain fostering a founder-centered ecology where business thrives, according to our mission statement. We are committed to supporting various founders, mainly Muslim and feminine entrepreneurs, who have previously been overlooked in conventional venture capital spaces”, said Umar Munshi, managing partner of Hasan. VC and Group MD of Ethis. This Accelerator is more than just money; it’s about building a network of entrepreneurs who collaborate to create innovative, morally sound companies.

” This program was built for members by members. We want to support businesses who want to succeed in their organizations in a supportive environment with people who are aware of their particular difficulties. South Asian startups are particularly important to us, according to Hasan’s main Mohd Akhtaar. VC.

He continued, citing Southeast Asia’s shift toward more honest and purpose-driven company culture as an outstanding opportunity for startups to succeed in the Halal economy.

The second wave of creative founders who want to create businesses that are socially responsible, ethical, and in line with Halal values are needed, according to Mohd Akhtaar, who is leading the action to change the face of entrepreneurship.

The Hasan. Ten startups may be chosen by VC Accelerator to get equity funding from each cohort. Each company will also benefit from ongoing assistance, yearly evaluations, and publicity to potential administrative and angel investors. A Demo Day, where members present their development to a network of traders and funding partners, is the program’s climax.

Owners and companies are invited to apply to the programme to acquire opportunities for growth, engagement, and expense. With limited games obtainable, this project presents a chance for early-stage, purpose-driven endeavors to scale impactfully in Southeast Asia’s vivid and expanding Halal business.

Click here for more information.

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PM courts US cash on trip

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In: South-East Asia

Thai ambassadors urged to attract buyers

PUBLISHED: 13 Nov 2024 at 04: 45

Prime Minister Paetongtarn Shinawatra receives a garland from youngsters who came to perform for her at a reception at a Thai community in Los Angeles, where she is chairing a meeting of Thai ambassadors and diplomats until Wednesday before attending the 30th Apec Summit in Lima, Peru, from Nov 14-16. GOVERNMENT HOUSE
Before the 30th Apec Summit in Lima, Peru, on November 14 and 16, Prime Minister Paetongtarn Shinawatra is invited to perform for her at a reception at a Thai society in Los Angeles. GOVERNMENT HOUSE

Following Donald Trump’s win in the US presidential election, Thai officials have been urged to take a proactive strategy in attracting foreign buyers, according to Thai Prime Minister Paetongtarn Shinawatra on Tuesday.

She addressed the remarks to Indian ministers, consul generals, and Team Thailand leaders based in North and South America at a conference held at a hotel in Los Angeles.

Before flying to Peru for the 31st Apec Economic Leaders ‘ Meeting and related meetings scheduled for November 10 to 16, the prime minister and her group will be in Los Angeles on Wednesday.

She claimed that now that Mr. Trump has been elected president, the government is getting ready for a change in the political environment.

She also emphasized the importance of Thai officials, business attaches, and board of funding representatives taking a proactive approach and acting as the nation’s “front line” to attract foreign investors.

Diplomats should make their government’s activities known. The government is making every effort to help Thailand with its financial problems by bringing as little money as possible.

It is necessary to look for new opportunities and partnerships that will boost the economy. I want the officials to focus on promoting purchase,” Ms Paetongtarn said.

She added that when developing and implementing common policies and services, the state places a focus on people.

She said Thailand boasts a wealth of expertise, but many of the region’s brightest thoughts now work elsewhere. The government is therefore working to boost the economy, create more options, and entice Thai ability to work there.

The government’s “matching fund” was established to develop the Thai private sector’s markets, the prime minister added, stressing the need to encourage startups.

In contrast, the state has a plan that supports Thai individuals ‘ studies abroad. Students who want to advance their studies in fields like aerospace and electronic technologies will receive scholarships.

The government may try to ensure social stability, according to Ms. Paetongtarn, to improve investor confidence.

She even assured me that the government would continue in power until the end of its term to maintain consistency with the way its investment plan is implemented.

Thai ambassadors from North and South America likewise provided the PM with updates on a number of problems during Tuesday’s meet. Suriya Chindawongse, the US embassy, gave the PM a briefing on US politicians and potential economic growth, and stated that Thai investors were being encouraged to make more US investments.

In the winter, the French ambassador, Kallayana Vipattipumiprates, informed the prime minister that French visitors enjoyed daily direct flights between Vancouver and Thailand.

Wimonpatchara Raksakiat, the Thai adviser to Chile, informed the prime minister about the country’s soft power advertising policy.

The prime minister responded by saying that the government supports international experts ‘ knowledge markets and teaching of Thai staff in a variety of new areas, which it believes will expand the country’s appeal further.

According to government official Jirayu Houngsub, Ms. Paetongtarn also went to a Thai church in Los Angeles on Tuesday, where she met members of the largest community that, which is located outside of Thailand.

During the explore, she accepted a US$ 30, 000 payment from the Thai community to help flood victims in Thailand.

She also praised Thai foreigners who lived in the US and encouraged them to travel back and utilize their expertise and knowledge to advance Thailand.

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