MaGIC & Malaysia with Cheryl Yeoh

MaGIC & Malaysia with Cheryl Yeoh
Cheryl Yeoh, the CEO of Malaysian Global Innovation & Creativity Centre (MaGIC) discuss the effort to jumpstart the Malaysian startup ecosystem.

Cheryl Yeoh (@cherylyeoh) the CEO of Malaysian Global Innovation & Creativity Centre (MaGIC) joins us to discuss her current project to support, enhance and accelerate the startups in Malaysia and scale them regionally towards the Southeast Asia market. She also discuss her background, dating back from her life as an entrepreneur with her startup that was subsequently acquired by Walmart. She also gave us an interesting scoop in the podcast on a new collaboration between MaGIC and 500 Startups in Malaysia and also discuss the most interesting startups in the Malaysian ecosystem.

Here are the interesting show notes and links for our discussion:

  • The story of Cheryl Yeo from a corporate career to an entrepreneur. The story of CityPockets & how it was pivoted to till it was acquired by Walmart. She also discussed the life of an entrepreneur after acquisition.
  • Paying it forward: How she was involved in 85 Broads, Lean Startup Machine, Founder Institute and also a mentor in 20 under 20 (The Thiel Foundation).
  • Women in Entrepreneurship: Sharing lessons learnt through her experience handling investors.
  • The move back from San Francisco to Malaysia with the setup of MaGIC
  • Malaysian Global Innovation & Creativity Centre (MaGIC)
    • What is the purpose and mission of the centre? (another reference here on Digital News Asia)
    • Is the focus of the centre only on technology? Is MaGIC also focused on other industries?
    • Why is MaGIC now centered in Cyberjaya, Klang Valley, Kuala Lumpur? Is it going to expand to other parts of Malaysia (Johor, Penang and Sabah)?
    • What are the programs to help entrepreneurs in MaGIC? A short discussion on Stanford Go2Market, e@Stanford program, Magic Academy and MaGIC Accelerator Program (MAP).
    • Cheryl also shared a scoop on a new partnership with 500 Startups called Cerebro – first growth stage accelerator [Check it at 21:00].
    • How does MaGIC work with the existing ecosystem and integrating both entrepreneurs and investors who are already successful within their domains to help?
  • Interesting Startups in Malaysia: GrabTaxi, Softspace (acquired FassPay in 2014), Kaodim & the Shopper
  • How does Cheryl see the Malaysian startups competing in Southeast Asia with Indonesia as the largest and hottest market & Singapore as a strong financial gateway across the region?

Podcast Information:

The show is hosted by Bernard Leong (@bleongcw) and is sponsored by Ideal Workspace (Twitter, Facebook and LinkedIn).