{"id":2904,"date":"2013-10-12T10:06:28","date_gmt":"2013-10-12T10:06:28","guid":{"rendered":"https:\/\/modalperdana.com\/porter\/?p=2904"},"modified":"2021-04-05T03:29:34","modified_gmt":"2021-04-05T03:29:34","slug":"malaysias-rapid-startup-school-to-train-480-entrepreneurs-annually","status":"publish","type":"post","link":"https:\/\/www.kmp.vc\/porter\/malaysias-rapid-startup-school-to-train-480-entrepreneurs-annually\/","title":{"rendered":"Malaysia’s Rapid Startup School to Train 480 Entrepreneurs Annually"},"content":{"rendered":"
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KUALA LUMPUR, Malaysia Oct 11 (NNN-Bernama) – Malaysia’s startup training and acceleration programme, Rapid Startup School, jointly undertaken by Locomo Sdn Bhd and Plug & Play Technology Holding, is expected to train 480 local entrepreneurs, annually.<\/p>\n<\/div>\n

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Locomo Chief Executive Officer Rizal Alwani Mohamed Nordin said the Rapid Startup School would have six zone centers or sub-incubators across Malaysia covering major cities.<\/p>\n

Selected entrepreneurs among the 480 would be sent to Arizona State University to learn more about entrepreneurship and would be offered opportunities to expand their business in the US.<\/p>\n

“We will incubate them for a year. When they are ready, we will send the
\nselected entrepreneurs to Arizona State University,” he told Bernama after the signing of a memorandum of Understanding (MoU) between Locomo, Plug & Play Technology Holdings and the Arizona State University (ASU) SkySong Center for Entrepreneurship.<\/p>\n

Locomo was represented by Rizal, while Plug & Play Technology and Arizona State University SkySong Center for Entrepreneurship were represented by Chief Executive Officer Shahril Anwar Mohd Yunos and Director, Jim Cook, respectively.<\/p>\n

The signing of the MoU was witnessed by US Secretary of Commerce Penny Pitzker and Plug & Play Technology Holdings Chairman Mohamed Yunus Ramli Abbas.<\/p>\n

Locomo is a private company with its main business in the provision of entrepreneurial, research and development, and commercialisation acceleration services.<\/p>\n

The company, a regional licence holder for the ASU Rapid Startup School programme, has trained over 120 entrepreneurs and 240 researchers from local universities.<\/p>\n

Plug & Play Technology, a subsidiary of Kumpulan Modal Perdana, has generated incubatee revenue of RM34 million over the last five years for start-up companies under its incubation.<\/p>\n

Source : NNN-BERNAMA<\/p>\n<\/div>\n<\/div><\/div><\/div>