What did these M’sians achieve and what are they doing now – Health Guild News

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In April this year, Malaysia’s Global Innovation and Creativity Center (MaGIC) and Malaysia Technology Park (TPM) were consolidated into a technology marketing agency.

This initiative was appointed by the Ministry of Science, Technology and Innovation (MOSTI) which has also selected the former CEO of MaGIC, Dzuleira Abu Bakar to head this department.

Officially presented at April 2014 by former Prime Minister Najib Razak and former US President Barack Obama, MaGIC has played an important role in the growth of the startup ecosystem in Malaysia.

To date, MaGIC is often considered a major support system for emerging startups inside and outside Malaysia. So we decided to take a look back at who their leaders have been, what they have done as CEO of MaGIC, and what they are doing now.

Cheryl Yeoh Sew Today (April 2014 – January 2016)

Image credit: Cheryl’s Facebook page

Founding CEO Cheryl Yeoh Sew Hoy was sought to lead the $ 30 million (according to his LinkedIn) government-funded innovation program.

Cheryl herself is a Malaysian businesswoman who launched a startup, Reclip.It in New York. The platform matched users ’shopping lists with digital coupons and eventually took place in Silicon Valley, resulting in a acquisition by Walmart Labs, the investment arm of the American retail giant.

As CEO of MaGIC, Cheryl played a role in creating all of the agency’s programs from scratch, building a team of 75 full-time employees and 25 fellows in 2 years. Cheryl’s leadership was also born MaGIC Global Accelerator Program (GAP), which has continued to this day and is now increasing its fifth cohort.

It was also the spearhead Entertainment Dojo with 500 Startups, a growing accelerator that finances startups with $ 100-250,000 USD.

Cheryl also created educational and networking programs to build the community of angels and VCs in Malaysia. This could help the local business ecosystem attract funds and investors from China, Japan, Singapore and Australia.

Cheryl left the post in January 2016 after her contract period with MaGIC ended. However, it was also rumored that his departure from the agency came after months of growing pressure on MaGIC to reach entrepreneurs of all kinds, not just technology-based ones, he reported. Digital news Asia.

Post-MaGIC career

Despite this, the same source also stressed that Cheryl achieved what she had set out to do: put Malaysian startups on the world map.

Since then, it has not slowed down when it comes to impacting growing communities and entrepreneurs around it.

Returning to the United States, she became the marketing director of the San Francisco-based coding startup field, Hack Reactor, between June 2016 and March 2017. The company was later acquired by Galvanize, a software engineering education platform, partially funded by his $ 32 million Series C funding round in 2018.

At the same time, Cheryl served as an independent, non-executive director from 2016 to 2018 at Flexiroam Limited, an Australian-based telecommunications company.

In 2017, Cheryl he talked about his sexual assault by the founding partner of 500 Startups, Dave McClure. Her courage to speak out was recognized and she was ranked No. 13 in TIME’s “Person of the Year 2017,” as one of 61 women featured in the magazine’s “Silence Breakers”. The list highlighted women who have spoken out against sexual harassment in the workplace.

After the publication of her account, Cheryl established #MovingForward public directory in March 2018. #MovingForward is an open source directory aimed at helping founders know their rights and have a clear way to report harassment and discrimination.

By October 2020, it had grown to 175 companies from 24 countries participating in this movement.

What he is doing today

Cheryl is currently an entrepreneur living in Silicon Valley Bank and co-founder of health technology startup TinyHealth. It provides microbiome testing that provides information about the intestinal health of a pregnant mother and her baby during conception to prevent chronic health risks later.

She is also an advisor to several startups, including blockchain infrastructure company Tendermint, the team that created Cosmos Network and Kenzie Academy.

Ashran Dato ‘Ghazi (May 2016 – November 2018)

Image credit: Ashran’s Facebook page

Ashran Dato ‘Ghazi was selected as the new CEO of MaGIC in May 2016 to succeed Cheryl Yeoh.

He had also been an entrepreneur before this position and co-founder JOOT Ventures in 2011. The startup’s social networking site, Joota, managed to secure private investments of US $ 2.1 million, with patent and distribution partners in the US.

In addition, he has been a member of the advisory board of the Malaysian SME Development Academy and a board member of SME Corp.

During his term as CEO of MaGIC, Ashran helped expand MaGIC outside the Klang Valley to involve Sarawak as well. The agency built a joint work facility in Kuching and named it Borneo 744. Its main goal was to grow entrepreneurship within the immediate community and serve the Kuching start-up scene.

Ashran also helped bring GAP to the global stage with the inclusion of more foreign startups.

To combat the under-representation of women in Malaysia’s home ecosystem, she also launched an initiative titled Pre-Accelerator Bootcamp: Female Founders Edition.

In July 2017, it launched MaGIC’s Impact Driven Enterprise Accreditation (IDEA) initiative. IDEA was created to recognize and promote companies that generated a positive impact on their respective communities.

Post-MaGIC career and what it is doing today

Since leaving the post of CEO of MaGIC in November 2018, Ashran has focused on the consumer intelligence company, Dattel Asia Group (Dattel), as CEO from January 2019 to the present.

Dattel is a consumer intelligence and data analysis company, with the mission of democratizing data and making good quality data and analysis accessible to the masses. From this movement, it seems that Ashran is still committed to fostering talent and helping the local start-up scene.

To help organizations better capture and analyze data, Dattel launched a global consumer intelligence challenge called IDEAHACK. It was a contest that aimed to attract interdisciplinary talent to find new perspectives, ideas and technology-based solutions.

Dattel reported that employers are struggling with the abrupt change in consumer behavior due to the COVID-19 outbreak. UPLIFT Malaysia. It was an initiative to empower 10,000 companies with useful information on the latest consumer behavior through a fund of RM 50 million.

Dzuleira Abu Bakar (April 2019 – April 2021)

Image credit: Dzuleira’s Facebook page

Like his predecessors, Dzuleira is no stranger to the entrepreneurship ecosystem. As an experienced VC, she was once the CEO of Cradle Seed Ventures (Cradle), a venture capital fund in the growth phase.

It was Dzuleira appointed to office of the CEO of MaGIC in April 2019. Her case is a bit out of the ordinary because she is technically a former CEO of MaGIC, but due to the consolidation of TPM and MaGIC, she is back on the board of the latter.

While leading MaGIC as CEO of the agency in 2019, he managed to achieve notable milestones. In just 2 years under its leadership, the organization achieved 760 million RM in total value creation, affected 26,327 participants through its various programs and reached 5 international partnerships, to name a few examples.

Through Dzuleira’s leadership, MaGIC played an important role in coordinating the implementation of the National Technology and Innovation Sandbox (NTIS).

NTIS is the national solution coordination center that enables innovators and startups to test their business models and delivery mechanisms in a secure, live environment. This is possible because NTIS allows some relaxation of all regulatory or selected requirements.

Until 2020 INITIATIVE GENERATOR with the aim of helping stimulate Malaysia’s economic recovery from the pandemic, Dzuleira led the creation of MaGIC’s Social Impact Equivalence Grant (SIM Grant).

The grant aimed to help social innovators maintain their initiatives and programs through a 1 to 1 grant compensation mechanism for successful crowdfunding initiatives.

In April 2021, MOSTI appointed Dzuleira to head Merger of MaGIC with TPM to establish Malaysia’s own Silicon Valley. This measure is part of the government’s biggest efforts to restructure and consolidate its agencies to ensure they are well positioned to execute the marc MySTIE 10-10.

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In its years of operation, MaGIC has achieved a value creation of 409 million RM, organized 294 programs, accelerated 189 startups and created 690 jobs, according to a report in 2020.

With the country willing to develop startups to boost Malaysia from its current production-based economy to a knowledge-intensive one, building the right ecosystem to grow and cultivate innovations will be a strategic move to achieve this goal.

Seeing that the MaGIC-TPM merger aims to do exactly that, all eyes will be on Dzuleira, as he leads the government agency to achieve the goals set in the My DIGITAL plan.

  • You can read more articles we have written about MaGIC here.
  • You can read about stories of Malaysian initiatives here.

Featured Image Credit: Cheryl Yeoh Sew Today / Ashran Dato ‘Ghazi / Dzuleira Abu Bakar





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