Global Entrepreneurship Movement (GEM) showcased six entrepreneurs which have been inducted into the TENxCLUB during an intimate lunch with leaders 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 ecommerce 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 Hello Gold, an online gold trading platform that enables micro saving.
The applicants of TENxCLUB can either be the founder, owner or majority shareholder of a start-up earning a minimum of RM1 million in its first year of operations. The other stringent criteria is that the start-ups nominated must be less than 2 years old by December 2017. As an exclusive club, members are only admitted via qualification and invitation.
One of the notable perks of being in the TENxCLUB is access to a comprehensive and powerful mentoring programme including unparalleled entry to various global markets. Members will also be sponsored to attend first-class international networking events, where they will have the opportunity to connect with various capital sources. These connections have the potential to create links for better standing to vie for funding to further expand their businesses. Ultimately, TENxCLUB aims to increase the social capital and brand presence of its members – giving them a clear edge over other industry players.
The event was hosted by Tan Sri Dr. Mohd. Irwan Serigar bin Abdullah, who is the Patron and Founder of Global Entrepreneurship Movement. Irwan, who is also the Secretary-General at the Ministry of Finance, envisions TENxCLUB members to fully benefit from the programme.
“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 Irwan.
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.
