Even though Malaysia’s entrepreneurial ecosystem has grown – from one where every party worked in silos to a more engaged, interconnected network – there is much room for improvement in the local scene if entrepreneurship development is to play a major role in building Malaysia into a competitive nation by 2050.
“I remember a time when patenting agencies, research organisations, start-ups and governmental agencies worked by themselves to run programmes. It was the same when entrepreneurs had to search for funding and resources on their own,” says Tan Sri Dr Irwan Serigar Abdullah, who is chairman of both Cyberview Sdn Bhd and Malaysian Global Innovation and Creativity Centre (MaGIC).
“If entrepreneurship development is to play a major role in building Malaysia into a competitive nation by 2050, as envisioned in the 2050 National Transformation (TN50) roadmap announced last year, we needed a way to bring all these parties together, in a one-stop centre to engage in whatever areas they deal in. This is where the initiatives driven by agencies the likes of MaGIC and Cyberview come into play,” he adds.
A keen proponent for entrepreneurship, Irwan also founded the non-profit Global Entrepreneurship Movement (GEM) last year to build, promote and internationalise Malaysia’s entrepreneurial ecosystem.