(This is a paid item at MaGIC.)
With the recent surge in COVID cases, local businesses will go through another round of uncertainty.
If you're looking for ways to improve yourself as an entrepreneur, business owner, or see other companies innovate themselves, MaGIC (The Malaysian Global Innovation & Creativity Center) is hosting this year's E-Nation 23rd October 20th – 20th.
This year's E-Nation takes place virtually and it is completely free to participate.
E-Nation is a platform for startups, thought leaders, social enterprises, policy makers and leading companies to share their insights and skills on how companies can operate sustainably during the COVID-19 period.
"This year's theme is: Driving a resilient economy with three pillars –Accept change, Activate technology and Strengthen societies– Given the devastating effects of the COVID-19 pandemic, which not only affected public health but also triggered a global recession.
COVID-19 has accelerated the need for innovation and created groundbreaking opportunities for the nation to recover and build economic resilience through innovation and creativity. "
Dzuleira Abu Bakar, CEO of MaGIC on this year's E-Nation theme
This year's speakers range from ex-ministers to founders and directors. They will share some of their discoveries or thoughts on building a sustainable business.
Here is a brief overview of some of the lectures you can attend at this 4-day event.
1. Building innovative companies with the ability to swing from the start
Because of the pandemic, many businesses are struggling to find customers, especially for physical businesses.
One of the speakers, Wai Hong Fong, the chief and co-founder of StoreHub, came up with an innovative solution to help F&B companies continue to serve their customers.
Following the announcement of the first MCO in March, his team worked on a solution for F&B companies to go online: Beep Delivery. This is a great way to help local offline businesses like street vendors and mum-and-pop businesses reach new customers.
By doing this, StoreHub managed to reach new customers as well and increase the number of F&B businesses they serve.
Together with Wai Hong, Lennise Ng, co-founder of Dropee and Ang Xing Xian, co-founder of CapBay, will share their thoughts on how innovation can be accelerated.
Ang Xing Xian, one of the co-founders of CapBay (first from left), will speak during the E-Nation / Image Credit: CapBay
Dzuleira Abu Bakar, the CEO of MaGIC, gave her contribution to agility. “Taking advantage of problems – therein lies opportunities. A problem worth solving is literally worth a million dollars. "
2. Be well prepared for uncertain days
There will also be a panel on how some startups have managed to overcome and survive the challenges that have been placed on them.
You also want to share how other startups can better prepare for the next uncertain time.
One of the panelists, Wong Whei Meng, the founder and CEO of Speedhome, faced a challenge that threatened his entire company.
Speedhome's original business model violated Malaysia Act 242, which meant that only licensed real estate agents could collect fees on real estate transactions. The Board of Valuers, Appraisers and Estate Agents Malaysia (BOVAEA) finally sent a cease and desist letter to Speedhome.
Because of this, they had to change their business model within a month.
"At that time we were devastated and didn't know what to do. If we understand the law, we can know the technical details of the regulation and be better prepared for it," said Whei Meng.
He said that many of the files in Malaysia are out of date as they do not reflect the current business environment where technology plays a huge role in our lives. With their rapid innovation, the company was able to stay operational.
The Speedhome team / Photo credit: Speedhome
He is also accompanied by Yuet Kim Lim, the CEO and Co-Founder of PichaEats, Ashwin Jeyapalasingam, the Co-Founder and COO of CatchThatBus.com. The panel will be moderated by Aaron Sama, a General Partner of Scaleup Malaysia.
3. A look at how other countries are focusing on COVID-19
As one of the star-studded conversations, MaGIC also gathered ministers from around the world to share how other nations are using technology to thrive.
Khairy Jamaluddin, Malaysia's Minister for Science, Technology and Innovation, will share his thoughts with Fleur Pellerin, founder of Korelya Capital and former Minister for SMEs, Innovation and the Digital Economy of France.
Khairy Jamaluddin, Malaysia's Minister for Science, Technology and Innovation (in the middle) with Dzuleira Abu Bakar, the CEO of MaGIC (right) / Photo credit: MaGIC
They will be joined by two other ministers, Nadiem Anwar Makarim, Minister for Education and Culture of the Republic of Indonesia, and Ed Vaizey, former Minister for Culture, Communications and Creative Industries of the United Kingdom.
So if you want to see a more comprehensive approach to other countries' strategy to build prosperous nations, prepare for this conversation.
4. Make a company one that benefits society and future generations
There will also be talks on how technological innovations can be used to improve society, as well as panels on how impact businesses are more in the spotlight as the investment spectrum evolves.
Speakers will also discuss how a company can use capital to create value beyond a shareholder's return, but which can benefit society and future generations.
Hazwan Najib, Co-Founder and Director of DoctorOnCall, will speak about the importance of a company to be innovative and creative in problem solving.
“It is not only crucial, but a MUST for a company to be creative in solving problems. Small businesses and startups operate with limited resources and resources. You can't afford to find an easy way out to solve problems, ”said Hazwan.
Maran Virumandi (third from left) and Hazwan Najib (second from right) are co-founders of DoctorOnCall with their team / Image Credit: Digital News Asia
He is accompanied by Lily Denqishen, the founder and CEO of TrashWarrior, and Ganesh Muren, the co-founder and CEO of Saora Industries.
The panel will also be chaired by Dr. Melissa Food, Vice President of the Malaysian Business Angel Network, moderated.
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Since MaGIC understands that a company needs to innovate now, they want E-Nation to help and inspire everyone to embrace change to ensure a company grows sustainably.
Dzuleira said, “Lessons can be learned from the global health crisis. It is important that we look at it positively in order to learn to adapt and turn. "
So, if you want to learn more about how you can use innovation to keep your business alive at this critical juncture, or just want to learn from entrepreneurs in the same industry, join E-Nation now.
- Sign up for the free E-Nation 2020 Here.
- You can check out the full agenda for E-Nation Here.
- If you want to learn more about what we have written about MaGIC in the past, click Here.
Selected image source: Dropee, StoreHub, Razer, Grab, Speedhome and GenerationT