How to join MDEC IdeaKita for entrepreneurs and startups in M’sia

[This is a sponsored article with MDEC.]

MDEC is no stranger to organizing various programs for startups and entrepreneurs.

They have spearheaded a number of successful programs, including Grindstone Founders, Digital Hub Malaysia and the Malaysia Tech Entrepreneur Program, just to name a few.

This year, MDEC unveiled a new program called IdeaKita that focuses on helping new entrepreneurs formulate solutions to address current challenges and help increase contributions from the digital economy. .

Here’s what it entails.

What can MDEC’s IdeaKita do for entrepreneurs?

As this IdeaKita program will primarily focus on delivering technology solutions, the program is supporting the development of new technologies in nine key areas driven by MDEC’s Malaysia Digital 9:

  • Digital Commerce
  • Digital agriculture
  • Digital service
  • Digital City
  • Digital Health
  • Digital Finance
  • Digital Content
  • Digital travel
  • Islamic digital economy

Who will this program be suitable for?

IdeaKita is open to individuals ranging from experienced founders and serial entrepreneurs who are looking to validate new business ideas.

But that’s not all, it’s also for fresh graduates and entrepreneurs who have a fresh idea but need guidance on how to start a tech business.

Programmers and technology developers are also welcome to join, as they can lend their expertise in software and technology development, a skill set that is crucial in the economy. digital economy today.

Both Malaysians and non-Malays who want to start a tech business in Malaysia can join for free, as long as they plan to set up their own business in Malaysia. However, MDEC recommends that all participants participate as a group of two (minimum) or more.

For those located outside of the Klang Valley, IdeaKita partners such as Digital Penang, EduCity Iskandar Johor, Sarawak Digital Economy Corporation (SDEC), TEGAS Digital Village Sarawak and GA Space Sabah will provide location assistance to those staying live in these locations.

On top of that, they will also provide local mentors to guide participants throughout the program.

How is the program structured?

IdeaKita Roadshow at EduCity Iskandar, Johor / Image source: MDEC

The show will have two tracks lasting about 10 days throughout the month October 2022.

This gives entrepreneurs plenty of time to implement their ideas with the various workshops available, including defining your client, learning the structure of the presentation, getting acquainted with the art. presentation and more.

Participants can choose between two different tracks, A or B, with start and end dates respectively.

Follow A Start from October 3 to October 17, 2022 suitable for those who want to start a technology company but do not have a business idea. Here, MDEC will guide you through how to develop your idea and how you can bring it to life.

If you still want to try out your ideas before joining the program, MDEC has also provided various industry validated issue reports that may be of interest to you.

Some examples:

  • Pay: Users have to carry multiple cards with them, which is inconvenient and even costly for the issuer. Design a solution to easily access your account to pay without carrying a physical card, or a solution that minimizes the number of cards carried.
  • Bank: How can we leverage intelligent solutions like advanced analytics, machine learning, computer vision and AI to improve the banking customer experience (consumer and business)?
  • Agritech: How can we develop a system for crops that monitors moisture, controls irrigation, and improves efficiency and yield? Crops can include fruits such as durian, sugarcane, cassava, coconut, loofah, mangosteen, etc.

As for Track B, it will run from October 17 to October 31, 2022, where it will help those who already have an idea in mind but need help refining it further.

What next after completing the program?

IdeaKita Roadshow at TEGAS Digital Village, Sarawak / Image source: MDEC

Once participants have completed the program, the support from MDEC doesn’t stop there. All participants will have the opportunity to participate in MDEC’s longstanding programs that have successfully helped many tech startups in the past. These initiatives include:

  • Malaysia Digital Hub;
  • Malaysia Tech Entrepreneur Program;
  • MDEC Innovation Exchange (MIX);
  • Proof Of Concept Acceleration (POC);
  • Financial support;
  • Accelerators, Advance Accelerators and Hackathons.

If you are interested in participating in this program, you can apply on the IdeaKita registration form by September 25, 2022. To learn more about the program, visit MDEC’s IdeaKita landing page.

  • Learn more about MDEC’s Malaysia Digital here.

Featured image credit: MDEC

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