Got a question about this presentation? Reach out directly to ian@mymagic.my, or let us know in the comments. 2015 has been the best year yet for Malaysian startups. Learn about the country's coworking spaces, accelerators, tech events, community leaders, startups, government initiatives, infrastructure growth, and funding landscape in this quick presentation by MaGIC, the Malaysian Global Innovation & Creativity Centre. Looking to get involved with the Malaysian startup scene? Reach out at inquiries@mymagic.my, or tweet us @MaGICCyberjaya.

2. What’s going on in the Malaysian startup ecosystem?
How can I get involved?
What’s the future of Malaysian tech companies
in the region and the world?

3. 5 Coworking Spaces where the community goes to get work done
The Co.
A collection of coworking and event spaces in Asian Heritage Row and Bangsar, for
entrepreneurs and freelancers (http://facebook.com/jointhecokl)
Hideout
A community of startups that work and play under one roof - located in Bandar
Utama with monthly VC meetings and fundraising assistance (http://hideout.my/)
Fluent Space
A coworking space for freelancers, small teams, and apparently, women who enjoy
firearms - located in Petaling Jaya (http://facebook.com/fluentspace)
Success Factory
A coworking space in Subang Jaya, founded by an entrepreneur with a passion for
training (http://thesuccessfactory.my/)
MaGIC Space
MaGIC’s Cyberjaya-based coworking space with access to MaGIC’s facilities, demo
days, entrepreneurs-in-residence, and mentors (http://mymagic.my/community/)
SEE MORE COWORKING SPACES AT RESOURCES.MYMAGIC.MY >>Picture from The Co.

4. 5 Accelerators where ambitious founders are building the future
MaGIC Accelerator Programs
Three programs - for startups looking to expand in ASEAN, for social enterprises, and
for growth-stage companies with 500 Startups (http://accelerator.mymagic.my/)
Tune Labs Accelerator
A year-round program with in-house development support, and the opportunity to
test market fit with the AirAsia/Tune Group customer base (http://thetunelabs.com)
1337 Accelerator
Open to all verticals but specialized in mobile gaming, 1337 uniquely provides its
startups with access to equipment like the Oculus Rift (http://1337accelerator.com/)
WatchTower and Friends Accelerator
Designed to take startups to the next level, WTF provides companies with up to
RM50k in funding, networking and mentorship (http://watchtowerfriends.com/)
Startup Next Pre-Accelerator
The KL edition of the world’s #1 pre-accelerator program - a hands-on mentorship
program lasting five weeks (http://www.startupnext.co/)
SEE MORE LOCAL ACCELERATORS AT RESOURCES.MYMAGIC.MY >> Picture from MaGIC

5. 5 Regular Events sharing and celebrating local startup culture
Startup Grind
Candid conversations over food and drinks with local entrepreneurs and community
builders (http://facebook.com/startupgrindkl)
Startup Weekend
The OG startup event - 54 hours of madness where teams validate, build, and pitch
their startup ideas (http://facebook.com/startupweekendasean)
Open Coffee Club
An informal meeting place for people involved in tech or e-commerce startups every
1st Tuesday of the month (http://facebook.com/groups/opencoffeeclubkl/)
#DMM360
A regular networking and education meetup for digital marketers and online
business owners (http://facebook.com/groups/DMM360/)
Grill or Chill
A monthly platform for startups to hone their pitches and get feedback from domain
experts and entrepreneurs, hosted by MaGIC (http://mymagic.my/events/)
SEE MORE STARTUP EVENTS AT RESOURCES.MYMAGIC.MY >>Picture from Startup Grind

6. 5 Community Leaders making the ecosystem a better place
Hairol
MaGIC Social
Entrepreneurship
The community leader
for MaGIC SE. Got a
question about
impact-driven
businesses? Ask away
hairol@mymagic.my.
Lais
StartupGrind, 8Spaces,
The List KL
A tech enthusiast and
scribbling artist who’s
built communities
across Africa, Eastern
Europe and Asia.
Tweet her @isolive.
Heislyc
Startup Mamak, Angelhack,
Founder Institute
This helper-by-nature
can be found at
StartupMamak
meetups the first
Thursday each month
or heislyc@gmail.com.
Fadzli
Technopreneurs Association
of Malaysia, NEST
A serial entrepreneur
and angel investor
with two successful
venture exits in
Europe, reach out to
him at fadzli@nest.my.
Oko
TechStars, Startup Weekend
With experience
building startups in
the US, Mongolia, and
now ASEAN, chat with
him about startups
and creating new
things @okod.

7. KFit
Currently in 6 cities
across the Asia Pacific
region, fitness service
KFit recently raised a
USD3.25MM Series A
to expand to 20-30
additional cities in 18
months.
5 Malaysian Startups working with courage to bring a vision to life
GrabTaxi
Already ASEAN’s best-
known success story,
a cool USD690MM in
funding and top talent
from companies like
Facebook and Palantir
suggest that GrabTaxi
is just getting started.
FashionValet
After its Indonesian
expansion, husband
and wife eCommerce
team FashionValet
raised a multimillion
dollar round to scale
its operations to other
cities.
ServisHero
The new kid on the
block, ServisHero has
raised the largest pre-
seed round in
Malaysian history
(USD750k) to provide
on-demand local
services on mobile.
Katsana
Using proprietary GPS
technology, Katsana
aims to tackle vehicle
management and
safety for individual
drivers, fleets, buses
and ships in the
ASEAN region.

8. Government Initiatives & Policy Milestones
2001 Founding of MAVCAP
Malaysia’s largest venture capital firm, created by the Ministry of Finance to invest in the tech industry and
other high-growth sectors
2003 Establishment of the Cradle Fund
A RM100MM seed fund for local tech companies, a fund recently increased by an additional RM175MM
under the 10th Malaysia Plan
2014 Founding of MaGIC
In our completely unbiased opinion, the best thing since sliced roti bakar
2015 Social Enterprise Blueprint
A three-year strategic roadmap, launched by the Prime Minister’s office in collaboration with MaGIC, for
developing a social enterprise ecosystem in Malaysia
2015 MSC Status for Startups
An extension of MSC policy by MDeC, lifting the location requirement, easing restrictions on hiring key
foreign talent, providing financial incentives and tax exemptions for startups

9. Funding 2011 2014
Malaysian Tech Funding (MYR) Less than $60MM $1,500MM
Internet 2011 2014
Internet Penetration 17MM 20MM
Mobile Phone Penetration 125% 140%
Smartphone Penetration 9% 35%
eCommerce 2011 2014
Mobile eCommerce Volume (MYR) $470MM $2,680MM
eCommerce Volume (MYR) $1,970MM $4,760MM
eCommerce % of Total Retail 1.92% 3.41%
Sources: TechList, Euromonitor, eCommerceMILO, Nielsen & Paypal, Google Malaysia
With eCommerce at only 3.4% of total retail volume (compared to 7% in both the United States and China) and
more Malaysians getting smartphones every year, there’s never been a better time to start a tech company in
Malaysia
The Malaysian consumer internet is growing at a rapid pace, with
mobile eCommerce growing the fastest

10. In the past 10 years, Malaysian companies have dominated the ASEAN
tech IPO scene
Sources: Bloomberg Quote, Tech in Asia, Business Insider
* JobStreet was acquired in late 2014 by Australian company SEEK
Company Name Country Listing Exited Market Cap (USD) **
Silverlake Axis Ltd Malaysia SILV:SP 2003 $1,908MM
iProperty Group Ltd Malaysia ASX:IPP 2007 $592MM
JobStreet Corp Berhad * Malaysia JOBS:MK 2004 $535MM
MYEG Services Berhad Malaysia MYEG:MK 2005 $535MM
iCar Asia Ltd Malaysia ASX:ICQ 2012 $286MM
iBuy Group Ltd Malaysia ASX:IBY 2013 $148MM
MOL Global Malaysia NASDAQ: MOLG 2014 $112MM
MigMe Ltd Singapore ASX:MIG 2014 $84MM
Asiatravel.com Holdings Ltd Singapore AST:SP 2001 $71MM
REV Asia Berhad Malaysia REV:MK 2011 $44MM

11. However, the reverse is true when it comes to tech acquisitions, with
Singapore taking the lead for both deal volume and deal size
Sources: Monk’s Hill Ventures, Tech in Asia
• Among the region’s best known acquisitions are Singapore’s Viki (USD 200MM) and Zopim (USD 30MM)
• Malaysia’s total and average deal data are heavily skewed by the 2014 JobStreet acquisition; the median deal
data tells the real story - historically, Malaysian founders have preferred to take their companies public over
selling them
* 62.5% of companies examined were acquired for undisclosed terms, and were excluded from deal size calculations
Country Acquisitions Total (USD) * Average Deal (USD) * Median Deal (USD) *
Singapore 36 $480MM $30MM $11MM
Indonesia 18 $66MM $13MM $2MM
Malaysia 13 $552MM $110MM $4MM
Philippines 8 $24MM $6MM $5MM
Thailand 4 N/A N/A N/A
Vietnam 1 N/A N/A N/A

12. Sources: Tech in Asia, TechList, Mattermark
• Funding across the region is currently dominated by the seed stage
(66% of investments made were seed investments), hinting that the
tech economy is in for some serious growth as the current batch of
companies mature
• Furthermore, ASEAN companies start out raising smaller rounds, but
catch up to their SFBA/NY counterparts as they approach the growth
stage, a sign that VCs believe these homegrown heroes can be
competitive on the international stage
Distribution of investment dollars in
ASEAN, by country
ID
7%
MY
15%
SG
73%
SG MY ID PI TY VN
Funding data from ASEAN, San Francisco Bay Area, and New York Area
ASEAN (2011-2014) SFBA (2014) NY (2014)
Total funding events 500 1,580 620
% seed funding events 66.10% 17.70% 22.60%
Average seed funding $660,000 $1,100,000 $800,000
Average series A $4,100,000 $7,800,000 $10,100,000
Average series B $13,000,000 $17,000,000 $16,000,000
Average series C $32,000,000 $32,000,000 $22,000,000
A total of 2.6bn USD has been put to work in the region so far, with
most fundraising taking place in Singapore

13. The Malaysian Global Innovation & Creativity
Centre (MaGIC)
WHO ARE WE?
Founded in 2014, our mission at MaGIC is to catalyze the tech entrepreneurial ecosystem by
educating, exposing, and accelerating startups, connecting the community, and inspiring the
public
WHAT HAVE WE DONE SO FAR?
In Year One, we went from employee number one to empowering thousands of local
entrepreneurs, running regional and global programs for Malaysian tech companies, and
launching ASEAN’s largest startup accelerator right here in Malaysia
To see the story in detail, check out our Year One Impact Report at impact.mymagic.my
GET IN TOUCH!
Looking to get involved with the Malaysian startup scene?
Reach out at inquiries@mymagic.my, or tweet us @MaGICCyberjaya
Got a question about this presentation? Reach out directly to ian@mymagic.my