NURTURING MALAYSIAN TECHNOPRENEURS

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CONFERENCE ON MSC MALAYSIA CYBERCITY_at_PENANG CATAL
YST FOR K-ECONOMY 23 24 October 2007
Session 4 NURTURING MALAYSIAN TECHNOPRENEURS By
Dato Mohd Noor Kamaluddin Chairman of techBiz
Penang
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CONTENT

• Introduction
• 2. S.W.O.T Analysis on Malaysian Technopreneur
• a) Strength
• b) Weakness
• c) Opportunities
• d) Threats
• 3. Conclusion

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US vs Malaysian Billionaires
Malaysia Billionaires
US Billionaires
Tan Sri Robert Kuok (Kuok Group
Plantation/Transportation), Tan Sri Ananda
Krishnan (Maxis - IT), Tan Sri Lim Kok Thay
(Genting - Hotel, Casino), Tan Sri Lee Shin Cheng
(IOI - Plantation), Tan Sri Quek Leng Chan (Hong
Leong Group - Financial)
William Gates III (Microsoft IT), Warren
Buffett (Berkshire Hathaway Investments),
Sheldon Adelson (Casinos, Hotels), Lawrence
Ellison (Oracle - IT), Sergey Brin (Google IT)
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S.W.O.T.
STRENGTH to be enhanced WEAKNESS to be
overcome OPPORTUNITIES to be seized THREATS to
be surmounted
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STRENGTHS
cont

• 1) Smart Partnership With Local MNCs
• MNCs nurture SMEs to up grade their own products
  and move up their value chain
• 2) IT Clusters Formed Under Invest Penang
• The close interaction within and between the
  clusters provides a platform for new ideas to be
  developed.
• complement one another to produce a more
  comprehensive products in the global market

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STRENGTHS
cont

• 3) Strong Commitment From Government Vehicles
• Accessible Financial assistance guidance for
  technopreneur deveopment
• Need to make availabe a Care Portal (interactive
  complete information catering to
  technopreneurs)
• 4) The Contributions Of Universities
• Pool of ideas waiting to be unlocked
• Requires Tri-party co-operation
  (University-Technopreneur-Financier) to generate
  revenue and develop technopreneurs

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STRENGTHS
cont

• 5) Strength in Diversity
• Competition is not between us but between us and
  the other countries.
• Greater cooperation and interaction between
  technopreneurs irrespective of ethnicity.
• 6) Penang As A Cyber City
• Conducive environment for companies to carry out
  high technologies, high value added and knowledge
  intensive activities.
• Allows Penang technopreneurs to move up the IT
  value chain
• Encourage new technopreneurs to fill up the lower
  value chain.

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WEAKNESSES

• 1) Lack of Creative Thinking
• IT world thrives on creative thinking
• Education curriculum at various level must
  encourage new breed of technopreneurs that are
  brimming with ideas
• 2) Lack of Business Skills
• To convince feasibility of their projects through
  a proper and well thought out business plan.
• Technopreneurs must undertake proper and
  structured business management skills to be
  literate in the business matters.

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OPPORTUNITIES

• Economic Corridors
• 3 economic corridors targeted for vast
  development
• Penang has been at the forefront in such
  development.
• Offer our expertise in the EE field to the other
  economic corridors such as the Eastern Corridor
  Economic Region (ECER) and the Iskandar
  Development Region (IDR).

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THREATS

• Inability to zoom in on the niche market of their
  products.
• change happens rapidly and innovations are the
  key ingredients to success in the global market
• technopreneurs must be able to update themselves
  on the latest development in the IT world

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CONCLUSION

• Technopreneurs must.
• primarily be creative, innovative and adoptive
• seek ways to make the blind see, the deaf hear
  and the dumb speak
• break new frontiers seek new invention
• boldly go where no man has ever gone before!