| Danial Norjidi |
THE iCentre held a special iClub event yesterday to welcome 26 selected participants of last year’s IGNITE Entrepreneurship Challenge.
The iClub is a community-based event held on a bi-monthly basis that carries the aim of fostering close relationships among the iCenre startup community, stakeholders and partners through sharing and networking sessions.
Yesterday saw Brian Koh, the Director of KR Consulting – the company which manages the iCentre – lead a briefing for the 26 invitees.
In his briefing, Koh explained the various functions of the iCentre, explaining how it is driven towards developing startups in the country and helping them grow into huge successes, before attending to questions from the attendees.
What followed was a sharing session, where presentations were delivered by ItsyBytes, DotRoot Technologies and Malppy, in which they spoke about their experiences at the iCentre, as well as some insights they had gained from trips abroad to places such as Japan, Korea and Morocco.
Speaking to the Borneo Bulletin after the event, iCentre’s Manager, Jeremy Chua said of the invited participants, “They are here because we selected them out of the 159 submissions. These are the potential ones we have selected, based on their passion. Some of them might have good products, but not the right team, while some might have the right team but not the right products. This is why we have brought them here – to help them.”
“We have one evaluation coming up, towards the end of the month. We are also planning to run an evaluation once every three months.
It is through this evaluation process that the decision is made as to whether or not a startup will become an incubatee at the iCentre.
“The iCentre itself can accommodate a total of 18 startups. We currently have 8 spaces available. We have resident and non-resident incubatees, so in the event that we cannot cater to all of them, we also have out plug-in space available, so they can make full use of that while waiting for a space.”
Asked for his thoughts on what he has seen of the participants so far, he said, “The good thing is most of them have very good ideas, and I think they also learned from the industry and they do see how incubatees are doing here.”
“As with most startups, is that they need to know more about the financial side of business models, in terms of how they make money, as well as having the right team. The usual case is that one person has an idea, and what they need to do is find people who have the right potential to work with them. This is where we want to come in and help them, in that space.”
“Even though we have selected 26 today, it doesn’t just have to just be these 26. We are always welcoming new incubatees to come in. People are more than welcome to come in and talk to us, and we are happy to go from there,” he added.