Telcos, Media Companies and Banks could be more supportive TOGETHER to build Jaguh Kampung first

We need Telcos, Media Companies and Banks in Malaysia to do their part to cultivate local champions that can then go regional and international.

Being a Jaguh Kampung can be a curse and a blessing. For some businesses, it would make sense to build a foundation in Malaysia ASAP and use it as a springboard.

If MaGIC can get telcos, banks and media companies to work together by industry, instead of in isolation, Malaysia would be an ideal place to test many new ideas. Just like how South Korea was supercharged with heavy investments in broadband, we can lay the foundations for soft-wiring for the future.

Perhaps a structured way to highlight pre-filtered ideas and startups to them.

Scenarios that can supercharge Malaysia

1. Telcos, media companies and banks encouraged to set up pools of venture capital in collectives and syndicates. E.g. In addition of having an incubator each, it would make sense for the telcos to commit a few million each into a centralised fund and test this as an investment model. Same goes for banks if we are talking fintech.
2. Liberalised Payments: Easier mobile payments and in-app purchases- liberalise carrier billing and transaction costs in Malaysia!
3. National App Store: Easier app discovery instead of just having to rely on Google Play Store and iTunes- help Malaysian app makers reach the first 100k downloads locally
4. Coordinated marketing and cross promotion- get MediaPrima, Astro, The Star etc. to commit more to supporting startups in terms of coverage