Snippets
Closing gaps in entrepreneurship ecosystem
Calyn Yap 14 Sep 2017 15:41
From right: Ashran, Global Entrepreneurship Movement president Dhakshinamoorthy Balakrishnan, Science, Technology and Innovation Ministry sec-gen Datuk Seri Dr Mohd Azhar Yahaya and Treasury sec-gen Tan Sri Dr Mohd Irwan Serigar Abdullah at the Road to GEC soft launch

The Malaysian Global Innovation and Creativity Centre (MaGIC) wants to close the gap between communication and understanding needs that exists in the entrepreneurship ecosystem.

To bridge the disconnect, MaGIC’s CEO Ashran Ghazi wants to use the Global Entrepreneurship Community Labs (GEC Labs) to enable players in the entrepreneurship ecosystem to play a role in the ideation process.

“The objective of carrying out these GEC Labs is to explore new ideas and opportunities by picking the brains of all parties involved in the entrepreneurship ecosystem. From here, the ideas can transform and enhance industries,” says Ashran, explaining some of these solutions can come out of the Global Entrepreneurship Community (GECommunity) Summit 2017.

The summit is scheduled to be held on Dec 12 and 13 at the Kuala Lumpur Convention Centre. It will feature keynote speaker Dr Michio Kaku, renowned theoretical physicist, and others.

According to Ashran, the summit is meant to address the gaps that exist within the entrepreneurship ecosystem.

The theme for the Summit is “Designing the Future”, which Ashran hopes will help close the communication, while improving and enhancing various sectors of the entrepreneurship ecosystem. This, says Ashran, can be done by developing solutions to address real-life issues, anticipating market demands and identifying opportunity gaps.

“When we talk about the entrepreneurship ecosystem, we’re referring to corporate players, ecosystem builders, policymakers and entrepreneurs who are influential in their respective fields,” he says.

The GEC Labs will focus on 15 areas, including artificial intelligence and machine learning; e-commerce and retail; fashion and beauty; food and beverage; hardware and the Internet of Things; health and biotechnology; media, gaming and entertainment; mobility and transportation; security and IT; virtual and augmented reality; education, social innovation, financial technology (fintech) and payment; creative as well as smart cities.

“As with last year, we aim for the Labs to result in ideas that will materialise through initiatives which would cumulatively generate some RM100 mil over the next two years,” Ashran says.