M’sia picked as Asian hub for startups

Members of the WSF International board and ambassadors during Launch of the first WSF labs in Asia.

WORLD Startup Festival (WSF) in partnership with Telekom Malaysia’s (TM) digital mobility

service provider, Webe Digital, is offering free co-working space for all local and foreign startups in Malaysia.

The WSF has chosen Malaysia as the Asian hub of its global entrepreneurship programme.

The co-working space, also known as WSF Lab which conducts incubation and accelerator programmes to help startups grow their ideas, gets funding for the ideas and scale them through carefully designed programmes.

WFS president Freda Miriklis said, “We are confident that WSF Labs will grow to become one of the biggest generators of innovative and successful businessmen in the world, through our partnership with five core stakeholders consisting of startups, corporations, governments, investors and society.

WSF regional director for Asia Udesh Chaskar said the startups learnt the hard way that to succeed, they needed more than just funding from investors.

“In order for us to truly help startups, WSF will be providing free co-working space for both local and foreign startups to help them grow,” added Udesh.

Webe Digital chief executive officer Moharmustaqeem Mohammed said the partnership platform is for startups to engage with the community and to use their network for connectivity.

“This partnership platform we have activated with WSF is the beginning, through our networking circles and the commercial relationship we can assemble greater opportunity to the startups,” he added.

WSF Labs, having garnered around 5,000 startups from different regions, is poised to be a central hub for the cross-border movement of startups around the world, focusing on tech industries and it will also be open to small businesses keen to adopt the technology.

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