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The business of spinout success
Manage episode 442772673 series 2680968
The government of Malaysia has set a target of making Malaysia a regional hub for startups by 2025. As of 2022, there were approximately 3,000 active startups in Malaysia, a stark increase from around 300 in 2013. However, whilst 30% of Malaysian startups have displayed consistent growth and profitability, about 1,800 startups struggle, with a 60% failure rate, especially within the first three years. The failure is majorly attributed to lack of market need affecting 42% or approximately 756 startups. How can universities provide a more robust route to market and accelerate a culture of research incubation and support for entrepreneurs?
Featuring Ts. Mohd Roydean Osman (Taylors University) and Simon Bond (University of Bristol)
440 episode
Manage episode 442772673 series 2680968
The government of Malaysia has set a target of making Malaysia a regional hub for startups by 2025. As of 2022, there were approximately 3,000 active startups in Malaysia, a stark increase from around 300 in 2013. However, whilst 30% of Malaysian startups have displayed consistent growth and profitability, about 1,800 startups struggle, with a 60% failure rate, especially within the first three years. The failure is majorly attributed to lack of market need affecting 42% or approximately 756 startups. How can universities provide a more robust route to market and accelerate a culture of research incubation and support for entrepreneurs?
Featuring Ts. Mohd Roydean Osman (Taylors University) and Simon Bond (University of Bristol)
440 episode
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