The major accelerator ecosystem in Malaysia, Beyond4, and T-Hub signed a Memorandum of Agreement (MOA) in front of Datuk Seri Tengku Zafrul Abdul Aziz, Minister of Investment, Trade, and Industry of Malaysia.
With the goal of promoting cross-border innovation and market access between Malaysia and India, Beyond4 and T-Hub are building a strong foundation to assist entrepreneurs from both countries.
The memorandum of arrangement (MOA) was signed in response to the recent state visit of Malaysian Prime Minister HE Dato’ Seri Anwar Ibrahim, who said that the India-Malaysia Startup Alliance would intensify cooperation between the startup ecosystems of the two countries, said T-Hub’s official release.
Key industries including fintech, healthtech, agritech, sustainability, and smart cities will all see growth as a result of the alliance.
Under the terms of this arrangement, T-Hub will help Malaysian companies expand into the Indian market by leveraging its wide network and industry knowledge, and it will also give Indian startups access to international markets.
T-Hub will also provide corporate innovation programs that link Indian entrepreneurs and Malaysian corporates to showcase their expertise and co-create novel solutions.
The India Market Access Program
The India Market Access Program will also help Malaysian startups by providing localization, mentorship, product assessment, and assistance with proof-of-concept. In a similar vein, Indian startups will benefit from the Malaysia Market Access initiative by connecting with Malaysian partners, investors, and government agencies.
A significant emphasis on investor support is another aspect of the partnership; T-Hub and Beyond4 give access to a large network of venture capitalists, angel investors, and strategic partners.
For stakeholders from both nations, they will provide investment preparedness training, invites to demo days and investment sessions, and private pitch sessions.
Key Dignitaries Present At The Signing Included:
YB SENATOR TENGKU DATUK SERI UTAMA ZAFRUL TENGKU ABDUL AZIZ, Malaysia’s Minister of Investment, Trade & Industry, Mahankali Srinivas Rao, Chief Executive Officer (CEO) T-Hub, S T Rubaneswaran, Chief Executive Officer (CEO), Beyond4 Malaysia among others.
Information Exchange via Mentorship Programs
The cooperation places great emphasis on information exchange via mentorship programs and knowledge-sharing platforms, with the goal of creating an environment that is favorable for businesses in both regions.
The goal of this partnership is to advance innovation and the creation of cutting-edge technology in areas of shared interest.
Furthermore, in an effort to raise USD 20 million, Beyond4 has teamed up with Singapore-based venture capital fund manager True Vine Capital Pte Ltd. This fund will be used to invest in startups from the accelerator programs of Beyond4, encompassing markets such as Singapore, Malaysia, Hong Kong, India, and so on.
Key Comments
Mahankali Srinivas Rao (MSR), CEO, T-Hub said, “Our partnership with Beyond4 marks a transformative moment for startups in both India and Malaysia. By synergizing our ecosystems, we are creating a powerful platform that enables startups to scale globally and innovate at the highest levels. Together, we aim to drive disruptive innovations and set new benchmarks for international collaboration, ultimately shaping the future of global entrepreneurship.”
S T Rubaneswaran (STR) CEO, Beyond4 said, “The partnership between T-Hub and Beyond4 marks a pivotal step toward creating a global innovation ecosystem, driving growth, and fostering collaboration between these two dynamic regions. Our goal of facilitating regional funds underscores the transformative potential of this alliance, as we work together to support and elevate startups across these dynamic markets.”
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