Startups are all the rage these days. Of course it is; it is plenty more agile, they work much faster, more efficient, more mobile, and way cheaper to engage than established corporations. They can produce better work at half the time and cost compared to larger corporations due to their highly flat organisation structure. If you think about it, it is not hard to see why startups are thriving.
The market environment at this time is also favourable to plenty of the startups. Markets are now volatile and changes so fast that large traditional organisations are struggling to keep up. This is where startups shine and make all the money in the world.
Of course, we all want to live in that dream; the startup dream. Working in a space with no more than 10 people running 30 large-scale projects. Everyone has their eyes peeled on the laptop and there is the occasional prank and jokes there and here. Everyone is a family.
Sometimes though, starting up a startup is not as easy as it may seem. Where do we begin, what do we do, how do we do it, when is the right time, who should I approach, are all valid questions to anyone looking to have a startup of their own. This is where Sunway iLabs come into play.
Short for Sunway innovation Labs they are a non-profit incubator and accelerator. They have kickstarted the Start-It Challenge and Innovation Career fair aimed to university students to help them with getting their startup plans together. Present at the event will be representatives from Sunway, Digi, CIMB, Axiata Digital, lazada, Impiro, and Grab. These companies will be handing out their challenges to the participants on that day to stimulate their problem solving skills.
Obviously because they are tech based companies, participants would have to think as a tech startup as well to solve these issues presented by the panel. The top three winners of the event will win cash prizes up to MYR9,000 and an offer to join Sunway iLbas accelerator programme to further develop their ideas or help them build new ideas and ventures. There will also be an ideation Weekend on the 26th to 27th August following the launch of Start-It Challenge as well. Featured for the ideation weekend is the design thinking workshop and sharing sessions by successful start-up founders. Be there early though as the session is only open to the first 200 participants.
The Start-It Challenge is open to either undergraduates and postgraduates (Selangor only). Even a graduate that has just recently (three years recent) graduated may join the Start-It Challenge as well (Selangor only). To sign up and for more information regarding the Challenge check their website here. The Start-It Challenge launches August 25th 2.00 p.m. to 8.00 p.m. at Level 1, Menara Sunway. Press release after the break.
SUNWAY iLABS FIRST START-IT CHALLENGE TAKES OFF
- Three participants to be selected for Sunway iLabs accelerator programme to launch a market-driven start-up
- RM 9,000 in cash prizes and a chance to land an interview with Malaysia’s leading corporations
Sunway Innovation Labs, or Sunway iLabs, a non-profit start—up incubator and accelerator will launch its first Start-It Challenge and Innovation Career Fair that will seek to accelerate three new companies as well as give students a leg up for a career in innovation.
The Start-It Challenge will be launched by Crown Prince of Selangor and Royal Patron of Selangor Youth Community (SAY) HRH Raja Muda Selangor Tengku Amir Shah ibni Sultan Sharafuddin Idris Shah with the Founding Trustee of the Jeffrey Cheah Foundation, and Chairman and Founder of Sunway Group, Tan Sri Dato’ Seri Dr Jeffrey Cheah this Friday, August 25, 2017. The event starts 2.00 pm to 8.00 pm and is open to Selangor’s university students and graduates from the past three years.
On Friday, participating companies such as Sunway, Digi, CIMB, Axiata Digital, Lazada, Impiro and Grab will be presenting their challenges to the students at the launch. The companies also set up booths at the Innovation Career Fair to share insights about their work culture and aspirations.
Following the launch, Sunway iLabs will be running an Ideation Weekend on August 26-27, where the participants will benefit from a design thinking workshop as well as a sharing session by successful start-up founders. The session is open to the first 200 participants.
The top three winners will be awarded cash prizes up to RM 9,000 in total and will receive an offer to join Sunway iLabs’ accelerator programme to further nurture the ideas and launch their ventures. Other participants stand a chance to get an interview with a select number of companies for employment or an internship.
The Start-It Challenge is open to both undergraduates and postgraduates students as well as recent graduates ( last three years) from universities/colleges in Selangor. For more information and to sign up for the Start-It Challenge please visit www.sunwaystart-it.com.my or visit Sunway iLabs Facebook page.
Source: Sunway iLabs