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Facebook’s Startup Station hunts for the best start-ups in KL this November

Facebook’s Startup Station is stopping in Kuala Lumpur on 1 November for a roadshow, to plug into the local ecosystem, exchange innovation insights and scout the best start-ups for the 2019 cohort, which kicks off next February.

The roadshow will offer start-ups an opportunity to pitch before an audience of industry experts, investors and mentors from Facebook and venture build experts Rainmaking Innovations. The start-ups will also receive one on one advice on their business models and go-to-market strategies. The roadshow mentorship session is open to early to growth-stage companies innovating with data.

Following the roadshow, selected start-ups from the programme will also gain access to extensive mentorship from Facebook experts, investors and partners, co-working space that connects the innovation community, as well as exposure to angel investors and venture capital across Southeast Asia.

Startup Station will also be hosting regional roadshows in other Southeast Asia cities including Jakarta, Bangkok and Ho Chi Minh City. The initiative was launched earlier this month by Facebook in partnership with the Infocomm Media Development Authority of Singapore and powered by Rainmaking Innovations. The program aims to help establish a model of data innovation for Asia and the rest of the world, and is Facebook’s second data innovation startup program globally, after France, and the first in Asia.

Sam Hall, managing director and partner of Rainmaking ASEAN, said, “We are thrilled to be working alongside Facebook and IMDA to help data-focused start-ups drive business and growth through the programme.”

Meanwhile, Facebook is also intent on helping SMEs in Malaysia grow. It recently partnered with Malaysia External Trade Development Corporation (MATRADE) and social commerce platform AVANA to launch the “Made by Malaysia, Loved by the World” programme, which aims to assist and empower about 2,000 business owners and entrepreneurs across Malaysia to export overseas.

#MadeByMalaysia’s curriculum will focus on equipping SMEs to use Facebook and AVANA to attract international customers and educate them on financial resources available from MATRADE’s eTRADE program to enable them to export.

(Photo courtesy: 123RF)

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