|Source: AppShack. The official launch was officiated by Bhg. Dato’ Jailani Johari, Deputy Minister of Communications and Multimedia Malaysia.|
AppShack, a Malaysian company focused on helping bridge startups with organisations that potentially have the need for mobile application ideas and innovation, has been formally launched.
AppShack offers a platform to enable startups to develop their innovative ideas by offering mentorship and guidance through technical expertise, assistance in business structure, legal advice and financial funding. Via this platform, successful applicants have the chance of being connected with investors and partners from consortiums, venture capitalists and bankers.
According to YBhg. Dato’ Jailani Johari, Deputy Minister of Communications and Multimedia Malaysia., “With the proliferation of creative minds in Malaysia, especially among the younger generation, I do think we need to have a proper channel for technology entrepreneurs or technopreneurs as they may call it to be able to create value and to help move Malaysia to become a high-income nation. Whether a first-time technopreneur or technopreneurs already owning small businesses, or maybe entrepreneurs who want to venture in technology, they need to strengthen entrepreneurship culture in Malaysia. Entrepreneurs from all segments of society should successfully start and grow their own businesses by leveraging public & private sector resources.”
Founder and Chief Executive Officer of AppShack, Jin Tan said, “In line with the government’s efforts in creating a vibrant startup environment as part of the National Key Economic Areas, AppShack intends to take the ideas of startups to the next level. We want to create more opportunities for the new generation to be in a competitive market.”
“With ever evolving technology, innovations will continuously play an integral role in transforming the Malaysian startup scene. At AppShack, we leverage on our resources and networking in helping our investee company to achieve their goals and simultaneously, enable startups to develop their ideas into tangible results.”
The pitching phase will see startups going through auditions via a reality show intended to appeal to potential investors and partners. Startups will be selected based on the feasibility of their business ideas. Subsequently, AppShack, together with private partners and investors who have shown interest, will fund, mentor and coach those selected to help them succeed.
The reality show will kick off by end of March 2016, and be judged by the four founders of the company. Viewers can expect to see the pitching skills of each startup as well as the key factors and concerns throughout the show.
Since its founding last year, Appshack has guided four successful startups, Biztory, Sport Play, Alakad and Mini Tank.
Investors and startups can request to participate through the website or via Facebook
posted from Bloggeroid