How CER and Innovation Labs Support the Digital Agenda...Biotech Social Innovation 9 Focused...

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


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


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



Source: CB Insights

10

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)

11

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


MaGIC CER Circle

12


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.

13

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


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


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

16


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.

17

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


18

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


Other Areas of Collaboration

19


20

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


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


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

How CER and Innovation Labs Support the Digital Agenda...Biotech Social Innovation 9 Focused...

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Transcript of How CER and Innovation Labs Support the Digital Agenda...Biotech Social Innovation 9 Focused...