Biggest Entrepreneurial Conference Promoting Trans East ASEAN Collaboration Successfully Held in Kuching
KUCHING, Malaysia, Nov. 30, 2017/PRNewswire/ -- Sarawak has just hosted one of the largest entrepreneurial BIMP-EAGA conferences.
The Inspiration-Idea-Implementation (i3) Conference, organized by MAD Incubator and ran by MC Projects & Events PLT in association with TedX Kenyalang from November 25-26, aims to connect entrepreneurs from across the region into a business network that mimics a complex entrepreneurial ecosystem with the intention to accelerate regional business development.
Kicked off on November 25, 2017 at the Borneo Convention Centre, the two day conference began with a TedX Kenyalang event on day one. The i3 + LiveX conference was scheduled for the second day which was officiated by YB Datuk Mohd Naroden Majais the Assistant Minister of e-commerce, Assistant Minister of Entrepreneur & small, medium enterprise (SME) development. The core economic clusters were evaluated for prospective business projects in the BIMP-EAGAregion. The Conference for both days combined had attracted a total of more than 500 local and international participants from India, China, Philippines, Brunei and Indonesia.
Mr Ashran Dato'Ghazi CEO of Malaysian Global Innovative & Creativity Center (MaGIC), one of the main partner of the event, delivered the opening speech, highlighting: "Ideas that are coming out from the startups & entrepreneurial community, combined with experienced & networks with some of you guys! Who's been in the business for 10-15 years would be super awesome! That power that is combined together will come out with a very viable startup - entrepreneurial venture out there, that's going to be competitive, that's going to create new market, that's going to be sustainable as we move forward."
The program also has keynote addresses on sourcing alternative funding for start-up opportunities, workshops and sharing sessions of case studies with varying rates of success.
The i3 event has assessed the current landscape of the digital economy, and provide foresight into future trends and projections. Broaching the difficulties of implementation, the program highlighted the funding opportunities available, including venture capital and realistic methods sourcing alternative funding.
The entrepreneurial sharing sessions gotten many to be connected up close and personal with successful start-up heads in Asia. The Livelihood Exchange (LiveX) session has notable speakers from BIMP-EAGA that delivered personal accounts of the transformational impact of digital marketing on the local business communities.
Interactivity is a highlight of the conference. There were workshops that teach evergreen digital marketing mastery conducted by iPRIMA Media, masterclasses in business strategy and many more.
The conference was in line with the vision of the Development of the Youth and Urbanisation for Demak Laut, where a Memorandum of Understanding (MOU) on behalf of the collaboration for the product development downstream of a Net-hoist Winch invention proposed for the Community Social Responsibility (CSR) benefits of the fishermen community in Bako, Demak Laut. The exchange was engaged by the owner of the product, Haaziq Ibrahim of Ai Brique Engineering Solutions & the CSR Development Manager by Abdul Qaiyum Alidin of Resonics Consultancy during the i3 Business-to-business matchmaking session of the conference.
The MOU took place on the same day as i3 + LiveX, after Haaziq Ibrahim and Abdul Qaiyum decided to honour their recent agreement and engagement between Resonics Consultancy, Ai Brique Engineering and Umadx Crowdfunding MOU exchange in the recent World Islamic Economic Forum (WIEF), witnessed by Malaysia's Prime Minister Dato' Seri Najib Tun Abdul Razak, Tun Dato' Musa Hitam and Dato' Amar Awang Tengah in Kuching, Sarawak.
The event sparked a chain reaction which resulted another two MOU on the collaboration and engagement, led by Haaziq Ibrahim (Ai Brique Engineering) which includes Abdul Qaiyum Alidin (Resonics Consultancy) and also the Philippines delegates, Mr. Samuel R. Matunog (Segworks Technologies Corporation Philippines) and Mr. Michael Tiu Lim (Zamboanga ICT Council) to collaborate in building the existing opportunities, complementing the potential business climate within Malaysia and the Philippines. These engagement aims to assist the distribution of the product development, proof of concept and technological transfer between both parties to develop and deliver the distribution of business developments within these two countries.
Umadx Creates Tech Startup History at 13th World Islamic Economic Forum 2017
Reward-based crowdfunding platform Umadx becomes the first crowdfunding platform in the world to partner with Sarawak in collaboration with RESONICS Consultancy.
(Kuching, Sarawak - 21 November 2017) – Asian-based crowdfunding platform Umadx created tech startup history today, by partnering with RESONICS Consultancy on crowdfunding on-boarding activities for entrepreneurs in East Malaysia region.
The memorandum of understanding (MoU) was signed today at 13 th WIEF 2017 conference in Borneo Convention Centre Kuching between representatives of Umadx (Online) Malaysia and RESONICS Consultancy, Fadzli Rahim and Abdul Qaiyum Alidin, and were witnessed by the Prime Minister of Malaysia, Dato’ Sri Haji Mohammad Najib bin Tun Haji Abdul Razak, the Deputy Chief Minister of Sarawak, Datuk Amar Awang Tengah Ali Hasan and the Chairman of WIEF Foundation, Tun Musa Hitam.
This MoU signing is to officiate the partnership between Umadx and RESONICS Consultancy, to assist the state government of Sarawak on introducing rewards-based crowdfunding as an alternative fundraising method, and to promote crowdfund initiative for entrepreneurs and community development in Sarawak. This first-of- its-kind partnership for a tech platform will utilize the spaces in Sarawak especially Kuching as a hub for entrepreneurship and to tap into East Malaysia’s pool of project creators and start-ups.
Umadx aims to grow the number of projects from East Malaysia in 2017 and 2018 for various categories, namely - Fashion, Arts, Film & Performing Arts, Food, Games, Health & Medical, Music, Not-for- profit, Publishing, Social Enterprise, Sports, Technology, and Product Design. To compliment this landmark collaboration, Umadx is currently waiving its usual service fee for all new Malaysian projects until end of the year.
RESONICS Consultancy has also signed 2 more MoUs with FinTech4Good LLC and Universiti Malaysia Sarawak (UNIMAS). The aim for RESONICS Consultancy is to position Sarawak especially Kuching as a hub for technology development and entrepreneurship in the country.
“YOU MAKE A DREAM EXTRAORDINARY” - ABOUT UMADX
An acronym for “You Make a Dream Extraordinary”, Umadx is positioned as the launch pad for people to make their extraordinary dreams come true.
Umadx is a rewards-based crowdfunding platform established in Hong Kong in 2015, and have established presence in other Asian countries, such as Taiwan, Singapore and Malaysia.
Unlike other rewards-based crowdfunding platforms, Umadx applies an innovative two-tier funding system that is unique in the market. This gives creators the flexibility to strategically structure their fund-raising campaign to optimise their ability to hit their targets – while establishing trust and credibility with their supporters.
Through Umadx, project creators have access to a global platform and international community while localising their content to market to a specific local audience. This local presence is paired with a marketing strategy and personalised campaign support for project creators, all tailored with a local edge.
To date, Umadx has successfully launched up to 150 projects across Asia, with a total of up to RM5 million in total backing. With project backers coming in across Asia particularly in Hong Kong, Umadx aims to tap these diverse Asian cultures to stimulate cross-border crowdfunding.
Fintech4Good and Sarawak Announce Partnership Agreement at 13th World Islamic Economic Forum 2017
A global blockchain acceleration network FinTech4Good becomes the first fintech platform in the world to partner with Sarawak in collaboration with RESONICS Consultancy
(Kuching, Sarawak - 21 November 2017) – A global fintech and blockchain acceleration network FinTech4Good created tech startup history today, by partnering with RESONICS Consultancy on blockchain and fintech initiatives in East Malaysia region. RESONICS Consultancy is a consulting firm and an industry player operating in Kuching, Sarawak.
The memorandum of understanding (MoU) was signed today at 13 th WIEF 2017 conference in Borneo Convention Centre Kuching between representatives of FinTech4Good LLC and RESONICS Consultancy, Xiaochen Zhang and Abdul Qaiyum Alidin, and were witnessed by the Prime Minister of Malaysia, Dato’ Sri Haji Mohammad Najib bin Tun Haji Abdul Razak, the Deputy Chief Minister of Sarawak, Datuk Amar Awang Tengah Ali Hasan and the Chairman of WIEF Foundation, Tun Musa Hitam.
This MoU signing is to officiate the partnership between FinTech4Good and RESONICS Consultancy, to assist Sarawak on introducing fintech and blockchain as an alternative for traditional solutions, and to accelerate entrepreneurship and community development in East Malaysia. FinTech4Good will utilize the spaces in Sarawak especially Kuching as a hub for scaling up blockchain and distributed ledger technologies at the same time to tap into East Malaysia’s pool of talent and start-ups.
FinTech4Good is further co-developing a Global Digital Economy Hub, in which Hub members are investing in some of the most impactful fintech and blockchain startups all over the world. The Hub will enable members and their portfolio companies to scale up their impact globally with easy access to local ecosystems. In partnership with RESONICS Consultancy, we aim to bring global blockchain experts, venture capital and innovative solutions to enable the emergence of a Malaysia Digital Economy Hub.
Felcra signs MoU on algae production
KUCHING: Felcra Berhad and Algatech International Sdn Bhd sealed a partnership to explore and develop the algae industry with focus on commercial production through a memorandum of understanding (MoU) yesterday.
The MoU was signed by Felcra Berhad chief executive officer Datuk Zulkarnain Eusope and Algaetech CEO Dato Paduka Syed Isa Syed Alwi in a ceremony witnessed by Prime Minister Datuk Seri Najib Tun Razak during the 13th World Islamic Economic Forum (WIEF) at Borneo Convention Centre Kuching (BCCK) here.
WIEF chairman Tun Musa Hitam and Deputy Chief Minister Datuk Amar Awang Tengah Ali Hasan were also present.
“Algaculture is a new form of agriculture farming in Malaysia with high technology using oil palm residues or bio resources dumped from factories into pond,” Zulkarnain told reporters during an interview.
“The pond can be prepared for algae cultivation. Algaetech is actually the farming of species of algae, for the extract to be turned into superfood or vitamins,” he elaborated.
In some of the European countries and the United States, Zulkarnain pointed out that algae is used to produce ‘astaxanthin’, an antioxidant which is 6,000 times stronger than vitamin C.
“For Felcra, we see the high potential and good opportunity in this new sector.
“As such, we want to explore further the algae pond in Felcra, which will be an extension to our present resources,” he emphasised.
To a question, Zulkarnain said algae is a food supplement that offers numerous health benefits similar to Kelulut honey.
“This is a new industry with high technology which Algaetech has established in recent years.
“So through this MoU, we are confident to develop at least one algae food supplement product by the middle of next year,” he said.
“We could also explore Virgin Palm Oil (VPO) together with Algaetech as this is something yet to be tapped. The VPO can be extracted using cold press method,” he added.
Felcra and Algaetech, Zulkarnain continued, are currently carrying out a study on VPO, which will be made a premium product to replace Virgin Coconut Oil (VCO) and Virgin Olive Oil (VOO) in the future.
The first algae pond, he added, is expected to be established in Seberang Perak and if successful, would be expanded to all six Felcra palm oil mills as well as four other joint venture enterprises throughout the country.
Meanwhile, the ceremony also witnessed 15 other collaborations signed and sealed including between Malaysia’s Sacofa Sdn Bhd and Indonesia’s PT Super Sistem Ultima; Malaysia Shaanxi Business Council and China’s Shaanxi Halal Food Chamber of Commerce; Malaysia’s Resonic Consultancy and USA’s FinTech4Good Group LLC; Malaysia Digital Economy Corporation Sdn Bhd (MDEC) and Islamic Development Department (Jakim) and Hall Amanie Sdn Bhd; Malaysia’s Koperasi Pro Belia Inovatif Sarawak Berhad (Kobis) and Universiti Malaysia Sarawak (Unimas), among others.
The exchange of MoUs with an estimated value of US$2.5 billion was the largest in the history of WIEF.
In the last five years, WIEF has facilitated trade deals from diverse industry sectors among both Muslim and non-Muslim nations amounting to some US$13 billion.
KUCHING, Nov 21 (Bernama) -- A total of 16 memorandum of understandings (MOUs) , worth US$2.5 billion, were sealed today in conjunction with the 13th World Islamic Economic Forum (WIEF), the largest in the history of the forum.
Nine of the MOUs were inked with international organisations from Canada, China, the United States and Indonesia and included partnership and collaborations within the technology, halal food and energy sectors to name a few.
The MOUs, among others, were between Sacofa Sdn Bhd and Indonesia-PT Super Sistem Ultima; Resonic Consultancy and the US- Fintech4Good Group LLC; Noble Fairway Sdn Bhd and Canada Triwin Holdings Group Ltd; and a tripartite agreement between the Malaysia Digital Economy Corporation Sdn Bhd, Department of Islamic Development Malaysia and Hall Amanie Sdn Bhd.
The exchange was witnessed by Prime Minister Datuk Seri Najib Tun Razak, accompanied by Sarawak Chief Minister Datuk Patinggi Dr Abang Johari Tun Abang Openg and WIEF Foundation Chairman Tun Musa Hitam.
In the last five years, the WlEF has facilitated trade deals from diverse industry sectors among both Muslim and non-Muslim nations amounting to some US$13 billion.....
Inisiatif Smart City Dan Industri 4.0 Bakal Meneraju Pembangunan Ekonomi Digital Di Sarawak
KUCHING – Bersempena dengan Forum Ekonomi Islam Dunia (WIEF) Ke 13, Universiti Malaysia Sarawak (UNIMAS) dan RESONICS Consultancy telah menandatangani memorandum persefahaman kerjasama dalam membangunkan 'Smart City' dan 'Industry 4.0' di Sarawak.
Perjanjian memorandum persefahaman di antara UNIMAS dan RESONICS Consultancy telah disaksikan oleh Perdana Menteri Malaysia Dato' Sri Mohd Najib Tun Razak bersama Timbalan Ketua Menteri Sarawak, Datuk Amar Awang Tengah Ali Hasan, Menteri Pengajian Tinggi Dato Sri Idris Jusoh dan Pengerusi WIFE Tun Musa Hitam di Pusat Konvesyen Borneo Kuching (BCCK), di sini sebentar tadi.
Menurut kenyataan yang dikeluarkan oleh RESONICS Consultancy, inisiatif kerjasama Smart City dan Industry 4.0 ini adalah usaha berterusan di antara pemain industri dan universiti di Sarawak selari dengan aspirasi kerajaan dalam transformasi ekonomi digital dengan tujuan untuk mempercepatkan pelan pembangunan terutamanya melalui penggunaan aplikasi teknologi selain memperkukuhkan jaringan perkhidmatan jalur lebar di Sarawak amnya.
Sementara itu, menurut Naib Cancelor UNIMAS Professor Datuk Dr. Mohamad Kadim Suaidi, UNIMAS akan sentiasa berusaha untuk meningkatkan penglibatan banyak pihak dalam pembangunan Smart City dan Industri 4.0.
"UNIMAS akan terus berusaha untuk meningkatkan penglibatan industri, masyarakat dan terutamanya rakyat Sarawak untuk kajian dan pombangunan dalam Smart City dan Industri 4.0 melalui kemudahan dan infrastruktur ICT yang akan dibangunkan di Sarawak.
"Kita telah mengenal pasti beberapa kluster di dalam inisiatif program transformasi ekonomi digital untuk kerjasama universiti industri terutamanya untuk Smart City dan Industri 4.0 termasuklah kajian dan pembangunan di dalam Smart Agriculture, Smart Manufacturing dan Smart Community khususnya untuk Sarawak,” ujarnya.
Selain MOU dengan UNIMAS, RESONICS Consultancy pada petang ini turut menandatangani dua lagi memorandum persefahaman dengan FinTech4Good LLC dan Umadx Online (Malaysia) Sdn Bhd yang mana RESONICS Consultancy bermatlamat untuk menjadikan Sarawak khususnya Kuching sebagai hab pembangunan teknologi dan keusahawanan di negara ini.