GEM (Global Entrepreneurship Movement) showcased six (6) entrepreneurs which have been inducted into the TENxCLUB during an event attended by members from Malaysia’s publishing industry as well as GEM council members.
The six TENxCLUB members that have been selected are Avana, a Facebook and mobile social e-commerce application that simplifies the buying and selling process online; Qu Exchange, an app-based exchange that facilitates the sharing of products and services among SMEs; Gameka, a mobile game development company; IGL Coatings, an eco-friendly industrial coating formulator; Tripcarte Asia, an online travel platform; and HelloGold, an online gold trading platform that enables micro-saving.
The event was hosted by Tan Sri Dr. Mohd. Irwan Serigar bin Abdullah, who is the Patron and Founder of Global Entrepreneurship Movement.
“Starting your own business can be very daunting – you have to have access to sufficient capital, you have to meet and network with the right crowd, and you have to have great mentorship programmes to guide you as you struggle to survive in a highly-competitive business environment. This is precisely why a community of entrepreneurs is essential to provide the necessary support, not just locally, but globally as well,” said Tan Sri Irwan, who is also the Secretary-General of Treasury, Ministry of Finance, Malaysia
TENxCLUB aims to increase the social capital and brand presence of its members – giving them a clear edge over other industry players. Members of the TENxCLUB can gain access to a comprehensive and powerful mentoring programme, and may also be sponsored to attend first-class international networking events to connect with various capital sources.
According to GEM, the applicants of TENxCLUB can either be the founder, owner or majority shareholder of a startup earning a minimum of RM1 million in its first year of operations. The other criteria is that the startups nominated must be less than 2 years old by December 2017. As an exclusive club, members are only admitted via qualification and invitation.
In line with GEM’s vision to help elevate the entrepreneurial ecosystem, GEM aspires to build, promote, internationalise and connect Malaysia’s entrepreneurs and ecosystem to the world’s movers and shakers, including investment bankers, business angels, private equity firms, and venture capitalists.