{"id":20376,"date":"2022-02-11T02:00:00","date_gmt":"2022-02-11T02:00:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2022\/02\/11\/magic-nexea-partnership-elevates-the-growth-of-startups-to-a-total-of-rm41mil-combined-revenues\/"},"modified":"2022-02-11T02:00:00","modified_gmt":"2022-02-11T02:00:00","slug":"magic-nexea-partnership-elevates-the-growth-of-startups-to-a-total-of-rm41mil-combined-revenues","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2022\/02\/11\/magic-nexea-partnership-elevates-the-growth-of-startups-to-a-total-of-rm41mil-combined-revenues\/","title":{"rendered":"MaGIC-NEXEA partnership elevates the growth of startups to a total of RM41mil combined revenues"},"content":{"rendered":"<p> \n<\/p>\n<div lang=\"en\">\n<p>KUALA LUMPUR, MALAYSIA &#8211; <a href=\"https:\/\/www.media-outreach.com\/\" rel=\"sponsored\">Media OutReach<\/a> &#8211; 11 February 2022 &#8211; NEXEA&#8217;s<br \/>\nEntrepreneurs Programme and<br \/>\nMalaysian Global Innovation and Creativity Centre (MaGIC) renewed their<br \/>\npartnership to continue helping startups grow their businesses during this<br \/>\nchallenging time. Despite the pandemic, the Entrepreneurs Programme continues<br \/>\nto provide a platform for tech entrepreneurs to connect with peers and<br \/>\nlike-minded individuals in an opportunity to grow, gain knowledge, and develop<br \/>\nthemselves for success.<\/p>\n<p>Since collaborating with <a href=\"http:\/\/nexea.co\/\" rel=\"sponsored\">NEXEA<\/a> in<br \/>\nMarch 2021, MaGIC has empowered 15 participants. In this quarter, the startups<br \/>\nhave grown tremendously in terms of generating revenue, team expansion, growing<br \/>\nthe startup valuation and gaining fundraising. The startups who are supported<br \/>\nby MaGIC have recorded a total of RM41mil revenue in this quarter. Realizing<br \/>\nthat the partnership promoted the entrepreneurs&#8217; growth, MaGIC expanded their<br \/>\nsupport to another 15 participants later in September. Hence, MaGIC now has<br \/>\nopened up to a total of 30 slots for the programme.<\/p>\n<p>&#8220;The ability to scale up,<br \/>\naccess untapped markets, enhance brand positioning, access to funds and<br \/>\npartners, are crucial factors to the success of technology and innovation<br \/>\nbusinesses. By value-adding to the startups&#8217; growth development cycle, we are<br \/>\neffectively enhancing the value and impact for our innovators to deliver its<br \/>\nbenefits back into the ecosystem. Together, MaGIC with our corporate partners<br \/>\ncan empower startups who will be at the forefront of the digital transformation<br \/>\nwhile positioning them for exponential growth. to accelerate commercialisation<br \/>\nrates of key technologies pivotal to the growth of the country,&#8221; said Khalid<br \/>\nYashaiya, Acting CEO of MaGIC.<\/p>\n<p>&#8220;With the consolidation of<br \/>\nMaGIC and TPM as <a href=\"http:\/\/www.mranti.my\" rel=\"sponsored\">MRANTI<\/a>, we can further empower innovators who<br \/>\nwill be at the forefront of the digital transformation while positioning them<br \/>\nfor exponential growth to accelerate commercialisation rates of key<br \/>\ntechnologies pivotal to the growth of the country,&#8221; said Khalid. <\/p>\n<p>Eu Gin, the founder of<br \/>\nRiipay, was one of the newer startups under the programme. It is a financial<br \/>\nservice company that provides &#8216;buy now, pay later&#8217; for customers&#8217; easy<br \/>\nfinancial management. He said, &#8220;The Entrepreneurs Programme has allowed me<br \/>\nto build deeper connections with many fellow entrepreneurs. With this, I am<br \/>\nable to learn from their experience, which has helped me build a more<br \/>\nsustainable business with a high focus on business fundamentals, such as<br \/>\ncompany business development strategy, company finance, talent management, and<br \/>\nmore.&#8221; <\/p>\n<p>He added, &#8220;As a startup,<br \/>\nmanaging our costs to be as lean as possible is very crucial. MaGIC&#8217;s support<br \/>\nhas eased me in managing my company&#8217;s finances better.&#8221;<\/p>\n<p>Apart from that, Keith Loh,<br \/>\nthe founder of Perkaholic, a startup that is passionate about providing<br \/>\nlifestyle perks for employees, said, &#8220;Having been through the programme,<br \/>\nwe have truly discovered who we truly are as entrepreneurs. We have gained so<br \/>\nmuch knowledge and experience from this program.&#8221;<\/p>\n<p>&#8220;As a<br \/>\nresult, NEXEA&#8217;s Entrepreneurs Programme has accelerated the process, ensuring<br \/>\nwe do not repeat the mistakes of others who have gone through the same process.<br \/>\nAs a startup, the team is now more aware of what will happen, which will enable<br \/>\nus to progress better by avoiding traps that we otherwise would have fallen<br \/>\ninto,&#8221; he adds.<\/p>\n<p>As of the third<br \/>\nquarter of 2021, the Entrepreneurs Programme managed to help the startups to<br \/>\ngain more than RM75mil in total combined revenues and over RM1bil in combined<br \/>\nstartup valuations. Lastly, they also managed to achieve RM118mil in combined<br \/>\nfunding for these entrepreneurs.<\/p>\n<p>Visit us at <a href=\"https:\/\/entrepreneursprogramme.com\/\" rel=\"sponsored\">https:\/\/entrepreneursprogramme.com\/<\/a> for more information.<\/p>\n<\/p><\/div>\n\n<br \/><a href=\"https:\/\/www.media-outreach.com\/news\/malaysia\/2022\/02\/11\/117841\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>KUALA LUMPUR, MALAYSIA &#8211; Media OutReach &#8211; 11 February 2022 &#8211; NEXEA&#8217;s Entrepreneurs Programme and Malaysian Global Innovation and Creativity Centre (MaGIC) renewed their partnership to continue helping startups grow their businesses during this challenging time. Despite the pandemic, the Entrepreneurs Programme continues to provide a platform for tech entrepreneurs to connect with peers and &hellip;<\/p>\n","protected":false},"author":1,"featured_media":20377,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/20376"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=20376"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/20376\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/20377"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=20376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=20376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=20376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}