Entrepreneurs Dialogue
The objective for this virtual forum is to facilitate discussions among entrepreneurs on Malaysian startup challenges and ideas, and to build a culture of sharing and community.Please use the startup lifecycle guide below to identify any challenges you've experienced within each stage or for any ideas to improve the current state.
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-1
The cost to register a company in MY is a lot higher and more tedious than in SG
The requirement to have a cosec increases initial and on-going costs. Plus all the paperwork is too troublesome for a startup in the early / validation stages. In SG, you can do it quickly online and at more than half the cost. No wonder we're bleeding startups across the border.
-1
Critical Mass
Whilst fixing the gaps in the pipeline post the Discovery stage, I believe we need to increase the number of young people wanting to solve problems and become venture creators. So I would think more young people need to be thought how to build ventures from school or universities. StartupMalaysia.org is happy to support in this effort. And definitely in the acceleration phase as well.
-4
Lack of knowledge on protection of intellectual property
Everyone have their own ideas, but our environment and knowledge to protect own IP is limited, we are worry ideas being stolen that's why do not dare to share ideas to other people, It create a self contain environment which is worst for entrepreneur.
-5
How to manage cost efficiently at discovery and validation stage.
Service providers in Malaysia sometimes charge startups the same as how they charge big companies (for eg: payment gateways, logistics etc)
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