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Inaugural GSY event kick off with 500 youth and 100 star mentors
KUALA LUMPUR : More than 500 youths and 100 star mentors from 60 countries will gather under one roof in Kuala Lumpur today for the inaugural Global Startup Youth (GSY) event.
GSY, one of the key events to be held on the sidelines of the 4th Global Entrepreneurship Summit 2013 (GES 2013), will harnesses the power of youth, their cultural diversity and expertise and convert them into ventures, ready to be taken to the market.
Designed by StartupMalaysia, GSY programme is an action-packed, challenging yet fun-filled, 'get stuff done' bootcamp, said StartupMalaysia Founder Dash Dhakshinamoorthy.
He said the GSY is an idea accelerator aimed at turning ideas into high growth ventures, solving real world problems.
"It would elevate and help Malaysian young entrepreneurs to move to another level," he told Bernama.
The youths, comprising of developers, codis, hustlers, domain experts and leaders will be joined by global experts in innovation, designers, startup leaders and leading grassroot entrepreneurship players as mentors to help them build solutions to real world problems.
"The most influential people around the world will come to Malaysia to extend a helping hand to entrepreneurs to launch their ventures. We’re very excited about that," he said.
The best ventures would showcase and pitch their prototype to world leaders and investors at the end of the four-day bootcamp.
Dash said the selection process for participants was very stringent.
"We received 5,000 applicants from 64 countries. They need to have ideas, done something in their communities, leaders in leading entrepreneurial development in their countries and have a proven track record," Dash said.
He said Malaysian youths were very lucky but lacked the knowledge of how to build companies.
"I travelled around the world, mentor entrepreneurs in different countries and advised many competitions. Malaysian youths have a lot going for them.
"If you have ideas, the first people to take the risk for you to launch your idea is your government. They’re ready to put in money, invest in your ideas and they’ll bet on you. You can’t find that in many countries," Dash said.
He added that it is also inexpensive to launch a company in Malaysia.
Meanwhile, about 5,000 Malaysian youths are benefiting from the 1Malaysia Entrepreneurship Programme (1MET), another initiative in conjunction with GES 2013.
"It’s a hands on, helicopter view boot camp of how entrepreneurs can launch their company. We conducted 22 bootcamps in seven locations around the country up to GES 2013. No country has done this. It's an amazing event for youths in Malaysia," Dash added.-- BERNAMA