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First co-working space to boost Malaysia IR4.0

According to a recent report, Malaysia’s largest coworking space has launched its first Penang venue.

The company’s latest venture into the Northern region of Malaysia aims to propel the growth of Malaysian Small and Medium Enterprises (SMEs) in Penang by providing the community with access to a global business network and powerful infrastructure.

The company argues that the market is at the right climate to begin introducing their coworking lifestyle that is built on community and synergy.

The company’s Penang venue was developed in a joint venture with a property developer and is aimed at providing a collaborative space for the business community to congregate, foster productivity, share resources, and meet goals.

It was noted that the past few years have seen Malaysia’s tech and start-up ecosystem thrive rapidly, paving the way for Penang to become the next most innovative and start-up-friendly city.

The Chief Minister of Penang noted that in an effort to solidify Penang as a Malaysian nexus for innovation and creativity, the region has established the Industry 4.0 (I4) Seed Fund and Penang STEM. These initiatives aim to spur the tech start-up ecosystem, creating the platform for talent to drive and support the digital economy, as well as the 4th Industrial Revolution.

According to an earlier report, the Industry 4.0 (I4) Seed Fund and Penang STEM were set up in January 2018, the US$1 million (RM3.9 million) fund is specifically for tech start-ups in the state.

The Chief Minister noted that today the incentive fund is to further accelerate the state’s tech start-up ecosystem. This fund is to help realise the state’s potential to build, attract and retain talents to spur the tech start-ups to realise Penang’s potential as one of the Silicon Valleys of Asia.

The fund aims to embrace tech start-ups and I4, including sectors such as big data analytics, artificial intelligence, robotics, financial technology, machine learning, cloud computing, and the Internet of Things.

The state has over 300 multinational companies and 3,000 local supporting companies in the state’s established electronics and electrical (E&E) ecosystem.

It was noted that from 2008 to June 2017, one-third of E&E investments are in Penang and this is supported by the fact that Penang holds eight per cent contribution of global back end semiconductor output.

It was noted that this is why the state established @CAT Penang in 2015 to further develop the tech start-up, creative, analytics and technology ecosystem in the state. A total of RM75 million has also been spent since 2008 to promote STEM education, including RM6 million to give coding classes to 120,000 primary and secondary students.

The company’s Penang venue houses a café, event space, boardrooms, several smaller meeting rooms, quiet lounges, call booths, and offers more than 50 private offices, and 60 hot and fixed desks.

The workspace is built to accommodate a multitude of businesses and is situated amongst established retail stores which comprise the boutique shopping mall.

The island venue is also strongly committed to fostering a diverse and dynamic community for its members through its local partnerships and weekly events.

What makes the company stands out from other coworking spaces is its business and social network that functions as a support system for all its members.

The company curates partnerships in order to secure exclusive benefits for its members. These initiatives aim to strengthen and connect the company community, as well as to add local value to the membership.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.