The World Startup Festival™ (WSF) and its accelerator partner, D’Academy have partnered with Malaysia’s No 1 Converged Communications Services Provider, Telekom Malaysia Berhad (TM) to organise accelerator bootcamps for ASEAN startups, in preparing them for funding and market access. This will be one out of a series of accelerator bootcamps with more than 100 startups across Asia. These bootcamps, spanning one week, comprise three modules namely Module A, B, and C. Startups which attend all three compulsory modules and demonstrate satisfactory progress in their businesses will be eligible to tap into a pool of fund worth USD20 million, specially allocated for startups, with a commitment by WSF to invest up to USD100,000 per startup.
Commenting on the collaboration, Ahmad Azhar Yahya, Chief Digital Officer, TM said, “TM is excited to partner with WSF in providing startups, including from Malaysia, with opportunities for growth and market access. Anticipating on the digital future, we can generate enough opportunities through innovation to employ the growing workforce effectively. This collaboration also shows our support in creating a thriving startup ecosystem in Malaysia towards empowering Malaysia’s economy particularly through digital and innovation, in line with our strategic goal of empowering digital.”
The culmination of the bootcamps is the WSF annual event in Paris from 6-8 June providing opportunities for startups from Asia, Africa, North America and Europe for collaboration and funding opportunities. Close to 1,500 participants consisting of startups, corporations, governments, and community leaders, mainly from Asia, Africa and Europe are set to attend the Festival. More than 30 speakers from Asia, Africa and Europe are scheduled to speak at the Festival.
Among them are MakeSense founder and EDF Foundation Board Member Christian Vanizette, OECD Southeast Asia head Alexander Boehmer, Crème de la Crème COO Theo Dorp, Formulate IP Angel Investor Director and CEO Neeraj Gupta, IFRC Policy Strategy and Knowledge Director Shaun Hazeldine. Some of the sessions include ‘The Future of Financing and FinTech Options’, ‘French Government and the Startup Project’, and ‘Understanding Equity Investments and Should You Take It’.
“WSF has always believed that startups can only grow when they don’t work in isolation. Hence, WSF pays equal attention to governments and corporations as central players in the startup ecosystem. Only then, can businesses be a force for good and solve pressing problems in the society,” said WSF International Board Member Teymoor Nabili.
The annual Festival is scheduled to set foot in the African continent in 2019. The World Startup Festival (WSF) is a global entrepreneurship platform based in California, bringing together the global startup community, as well as government and corporate leaders from the 10 regions of the world, to create a global conversation on youth entrepreneurship and future businesses in the wake of the 4th Industrial Revolution. WSF works closely with OECD in Paris and 7 of 17 United Nations Sustainable Development Goals (SDGs). WSF is a super connector and incubator for businesses worldwide, providing an end-to-end service including funding from ideation to IPO, international business collaboration, media exposure, ratings and awards.