How CER and Innovation Labs Support the Digital Agenda · 2017-05-31 · Startup lean methodology...
Transcript of How CER and Innovation Labs Support the Digital Agenda · 2017-05-31 · Startup lean methodology...
Private & confidential. 2017 All rights reserved.
How CER and Innovation Labs
Support the Digital AgendaAshran Dato’ Ghazi
CEO, MaGIC
24th May 2017
2
Table of Contents
● Introduction of MaGIC
● Introduction of CER & Innovation Labs
● MaGIC CER Circle
● MaGIC Activate - Open Innovation Platform
● Other Areas of Collaborations
Private & confidential. 2015 All rights reserved.
Introduction of MaGIC
3
VISION
MISSION
Leading Global Creativity & Innovation Centre for Entrepreneurs
To build a sustainable entrepreneurship ecosystem
To catalyse Creativity & Innovation for long term nation impact
Private & confidential. 2015 All rights reserved.
Introduction of CER & Innovation Labs
8
6
Definition of CER and Innovation Labs
A National Initiative to encourage more
private sector participation in startups,
innovation and entrepreneurship
A playground for entrepreneurs to try
new ideas with access to the right
network and support system
Corporate
Entrepreneurship
Responsibility (CER)
Innovation Labs
Why do we focus on connecting corporations and
entrepreneurs? (1/3)
Source: CB Insights
Why do we focus on connecting corporations and
entrepreneurs? (2/3)
Source: CB Insights
Why do we focus on connecting corporations and
entrepreneurs? (3/3)
Source: CB Insights
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The market is increasingly focused on corporate innovation and corporate-startup engagement
CORPORATES
STARTUPS &
ENTREPRENEURS
• How to align products & services to the needs of
increasingly innovative corporates
• How to maximize business opportunities from
corporate innovation
Level of Creativity & Innovation
• How to be lean and agile like startups
• How to partner effectively with startups
Key considerations to move forward
Implement
& Scale
Corporate Entrepreneurship Program (CEP)
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A structured Corporate Entrepreneurship Program is
needed as catalyst towards the forefront of innovation
Training
& Mentorship
Assess innovation-
readiness
Innovation
assessment of
business model &
operations
Develop and
agree on
transformation
roadmap
Identify areas of
improvement and
focus
Assign mentors – experts with both
regional corporate and startup
experience
Examples of training modules
Blue Ocean Strategy Frameworks
Examples of exposure to industries of the future
workshops
Examples of startup modules
IOT Open Data
Blockchain AI / Bots
AR / VR
Rapid prototyping
Growth hacking
Startup lean methodology
Eligibility to MaGIC
Corporate Innovation
Days and MaGIC
Innovation Arena
Partners to MaGIC’s
Creativity & Innovation Labs
and MaGIC Community of
Entrepreneurs
Example of benefits from MaGIC
Facilitate internal
change management
(e.g. setting up new
business units)
MaGIC Innovation Hackathon
Facilitate roll out of new
products & solutions
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MaGIC CER Circle
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Private & confidential. 2017 All rights reserved.
Corporate Entrepreneurship Responsibility (CER) was announced by our Prime Minister in November 2015 to
encourage more private sector participation in startups, innovation and entrepreneurship. Together with the domain expertise
and commitment of the CER Circle, MaGIC Ventures works towards driving the national CER agenda by creating compelling
innovation opportunities to support and develop the startups / entrepreneurship ecosystem regionally and globally.
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The CER Circle
CER Circle
Partners Enablers Community
A consortium of top
corporations, dedicated in
the development of startup /
entrepreneurship ecosystem
through strategic innovation
initiatives
Facilitators empowering the
adoption of technological
innovations with cutting edge
technologies, tools, and
platform.
A network of startups /
entrepreneurs community
with proprietary ideas and
technologies to bring to the
market
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MaGIC offers the following programs to drive innovation
and creativity for partners
Accelerator
programsR&D & Innovation
Labs
Residency
programsIntrapreneurshipEvents &
Conferences
Fellowships &
ExchangeCo-working
spaces
1
Deals &
Investments
Content &
Training
2
3
4
5
6
7
8
9
BUILD CAPACITY GROW INNOVATE
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MaGIC is focusing on 9 verticals partnering with local &
international corporates, governments and non-profits
Health
Fintech Smart Cities
Transport & Logistics
Creative
Retail, Travel
& Hospitality
Education
Agro &
Biotech
Social
Innovation
9 Focused
Verticals
MaGIC Activate – Open Innovation Platform
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MaGIC Activate is an open innovation challenge platform that helps corporates & sector players
innovate by connecting them with a global community of startups/entrepreneurs. The platform is an
initiative by MaGIC Ventures in partnership with Techstars Startup Program to foster collaboration
between corporate innovators and startups/entrepreneurs.
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MaGIC Activate – Open Innovation Platform
● Access to the startup &
entrepreneur ecosystem
● Crowdsource innovative solutions
for business challenges
● Expose to corporate
opportunities
● Be seen by corporates/
investors
● Pitch for pilot contract/market
access/investment
CORPORATES / SECTOR PLAYERS STARTUPS /
ENTREPRENEURS
Activate
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How It Works
CALL CURATE PITCH MATCH
Corporate to define
and host business
challenges on MIA to
call for innovative
solutions
MaGIC and Techstars
reach out to the
relevant startup
community for
participation in the
challenge
MaGIC works with
corporate to frame and
define their challenge brief:
● Background &
context of challenge
● Rewards
● Eligibility & Criteria
● Timeline
The shortlisted
startups pitch their
solutions and
capabilities to
corporate for final
selection
MaGIC and Techstars
assist in the shortlisting
of 5-10 startups for final
evaluation
MaGIC and Techstars
facilitate the business
matching session and
prepare shortlisted
startup for pitching
Corporate to select
the best applicant
to collaborate on a
pilot project to
solve the business
challenge
MaGIC to follow up on
project progress and
provide advice for
collaboration if required
Private & confidential. 2017 All rights reserved.
Other Areas of Collaboration
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Project ‘Futurise Center’
Aims to be a hub for catalyzing Future Innovations. It will be a center for
corporates, universities and entrepreneurs come together to hack the future
economy. It will be a place that houses Innovation Labs, Vertical Accelerators,
Maker Labs, & Co Working Space.
Vertical
Accelerators
Hub(powered by
Industry)
AIA Insuretech
Accelerator,
Corporate
Accelerators)
Corporate
Innovation
Labs(Tata Design Lab,
UN Innovation
Lab, Microsoft
Innovation Lab
etc)
Co Working
Space(Increase Capacity
of Co Working
Space to include
housing of
community
builders and
associations)
ASEAN Maker
Lab Hub(Food, Fashion,
Steel, Wood,
Electronics etc)
Future & Design Thinking Services
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Overriding Theme for GECommunity is Futurise.
Conference theme is Designing the Future
Davos of Entrepreneurship
Thought Leadership . Labs .
Mentorship . Ecosystem Matching . Showcase . Awards
5th – 6th December 2017
Kuala Lumpur Convention Center
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KEEP IN TOUCH
WITH US
Malaysian Global
Innovation And Creativity
Centre
@MaGICCyberjaya
magic_cyberjaya
mymagic.my
For updates on our programs, follow us on
social media & newsletter.
For general inquiries on entrepreneurship advice
central.mymagic.my