Emerging regulatory trends for start-ups and scale-ups post- - - PowerPoint PPT Presentation

▶
emerging regulatory
SMART_READER_LITE
LIVE PREVIEW

Emerging regulatory trends for start-ups and scale-ups post- - - PowerPoint PPT Presentation

Oct 18, 2022 257 likes •567 views

Emerging regulatory trends for start-ups and scale-ups post- movement control MALAYSIA Mohamad Izahar Mohamad Izham Partner Zaid Ibrahim & Co. (a member of ZICO Law) Co-Lead ZICO Labs izahar.izham@zicolaw.com +603 20879953 Overview:

slide-1
SLIDE 1

Emerging regulatory trends for start-ups and scale-ups post- movement control

slide-2
SLIDE 2

Mohamad Izahar Mohamad Izham

Partner Zaid Ibrahim & Co. (a member of ZICO Law) Co-Lead ZICO Labs izahar.izham@zicolaw.com +603 20879953

MALAYSIA

slide-3
SLIDE 3

www.zicolaw.com | 3

Overview: Impact of movement control

83.5%

were concerned about the decline in sales and the inability to

  • perate

64.1%

reported that their sales or revenue had dipped by more than half

62.7%

  • f start-ups

had sought financial assistance

74.9%

were unaware or unsure of the various Government support instruments or incentives

40% of startups will not survive if the COVID-19 crisis continues after May

Source: Malaysian Global Innovation and Creativity Centre (MaGIC) of 239 start-ups and social enterprises over a four-day period from March 19 to 22, 2020.

slide-4
SLIDE 4

www.zicolaw.com | 4

Start-ups and Scale- ups

Overview: The ‘New Norm’

Work From Home (WFH) E-Wallet Delivery Services Online Business Technology

slide-5
SLIDE 5

www.zicolaw.com | 5

Theme: Work From Home (WFH)

  • Buzzword of MCO is ‘WFH’
  • Increased trend of co-working space and

hot desk

  • Not something new for start-ups and

scale-ups OBSERVATION

1

  • Working conditions
  • Occupational safety

REGULATORY CONSIDERATIONS

2

  • Physical office

REGULATORY TRENDS

3

Source: https://www.theedgemarkets.com/article/cover-story-more- corporations-and-mncs-moving-coworking-spaces

Recommend.my’s Survey Results on Effect of MCO on SMEs

slide-6
SLIDE 6

www.zicolaw.com | 6

Theme: Online Business

  • Even before movement control, many

brick and mortar businesses have been shutting down

  • Movement

control has accelerated growth of online services OBSERVATION

1

  • Consumer protection

REGULATORY CONSIDERATIONS

2

  • Registration of businesses
  • Licensing of platforms

REGULATORY TRENDS

3

slide-7
SLIDE 7

www.zicolaw.com | 7

Theme: E-wallet

  • Health concerns would spur growth of

cashless payments OBSERVATION

1

  • Rapid growth in adoption

REGULATORY CONSIDERATIONS

2

  • Digital banking license and framework

REGULATORY TRENDS

3

Source: https://www.theedgemarkets.com/article/tech-cashless- payments-become-more-popular-merchant-acquirers-will-thrive

slide-8
SLIDE 8

www.zicolaw.com | 8

Theme: Technology

  • Government

push for Industrial Revolution 4.0 (IR4.0)

  • Social distancing means relying on virtual

tools for communication OBSERVATION

1

  • Security of online meeting tools

REGULATORY CONSIDERATIONS

2

CyberSecurity Malaysia – Reported Incidents Statistics 2019 Questions on Social Media, E-commerce and Technology

Source: https://www.mycert.org.my/portal/statistics- content?menu=b75e037d-6ee3-4d11-8169- 66677d694932&id=0d39dd96-835b-44c7-b710-139e560f6ae0 Source: https://www.digitalnewsasia.com/business/malaysias-small- businesses-well-placed-recover-economic-impacts-covid-19

slide-9
SLIDE 9

www.zicolaw.com | 9

Theme: Delivery Services

  • Delivery services has been one of the core

front liners during movement control OBSERVATION

1

  • Delivery services has yet to be fully

regulated REGULATORY CONSIDERATIONS

2

  • Food safety
  • Halal food delivery

REGULATORY TRENDS

3

Statista – Projected Growth of Malaysian Food Delivery Services

slide-10
SLIDE 10

www.zicolaw.com | 10

Key Takeaways

Moving forward, it is important to quickly understand what the ‘new norm’ means for your organization in order to quickly adapt The COVID-19 pandemic and movement control affects all businesses including start-ups and scale-ups Cannot be left only to the Government, but the whole ecosystem needs to play its part

slide-11
SLIDE 11

Mohamed Yusnee Rahmat Mohd Yusof

Director of ASEAN Centre of Entrepreneurship (ACE) Malaysian Global Innovation and Creativity Centre (MaGIC) yusnee@mymagic.my

MALAYSIA

slide-12
SLIDE 12
slide-13
SLIDE 13

INSPI SPIRE RE LEARN EARN

GROW

INITIAT TIATE

slide-14
SLIDE 14

STRATEGIC GOALS POST MCO

1) RECOVERING REVENUE

  • Important to identify the primary source of revenue
  • Win back loyal customers
  • Reskilling the sales force – remote selling
  • Act with urgency – work faster and better

2) REBUILDING OPERATIONS

  • The Future of WORK – Use of more Automation and Technology
  • Complete tasks remotely – Using digital communication and

collaboration tools

  • Taking action – Faster turn around time
slide-15
SLIDE 15

STRATEGIC GOALS POST MCO

3) RETHINKING THE ORGANISATION

  • Strong sense of identity – Shared sense of purpose, culture

between Leaders and employees

  • Shifts in operating models – Clear goals, focused teams
  • Rapid decision making – less bureaucracy

4) ACCELERATE DIGITAL ADOPTION

  • Creating a seamless experience for customer
  • Incorporate new data
  • Create new models to enable real-time decision making
slide-16
SLIDE 16

CONNECTING ASEAN STARTUP ECOSYSTEMS

“Through ACE collaborations with the ASEAN counterparts. ACE will facilitate the Malaysian startups to connect with ACE’s partners in ASEAN”

  • Through this programme, the selected startups will be

hosted and assigned with mentors in the respective ASEAN country

  • Startups get the opportunity to understand the market

landscape, build connection and explore potential business opportunities for their expansion

  • Currently the program have ‘Go beyond’ ASEAN

leveraging on ACE network

slide-17
SLIDE 17

Source: https://s3-ap-southeast-1.amazonaws.com/mymagic-misc/ASEAN+Startup+Landscape.pdf

7th largest economy worldwide, combined GDP of USD2.5 trillion and poised to become the 4th largest by 2030. 6 major economies

  • f Thailand, Vietnam, Malaysia, Singapore, Indonesia and

Philippines all expected to cross the USD3,000/capital barrier 70% of the population is younger than the age of 40 years 4th largest and the fastest growing internet market in the world, with more than 3.8 million going online every month. 150 million population of 25+ years are unbanked. 100 million+ in Indonesia, Philippines and Vietnam alone. Internet speed are slower than global average for all countries expect Singapore

ASEAN SNAPSHORT

+ + +

  • Population

630mil Aged 15-34 60% Top economies >5.3% growth 260mil

Internet users

700mil

Mobile connections

slide-18
SLIDE 18

ace@mymagic.my

slide-19
SLIDE 19

Mahadhir Aziz

Chief Executive Officer Futurise Sdn Bhd mahadhir@futurise.com.my

MALAYSIA

slide-20
SLIDE 20

SHAPING MALAYSIA’S FUTURE THROUGH

NATIONAL REGULATORY SANDBOX (NRS)

Futurise Sdn Bhd 6 May 2020

slide-21
SLIDE 21

2020 NRS

FOCUS

Introduction

Futurise as Public Policy Advisor for industry and government in the aspect of Future Economy to increase Malaysia’s overall competitiveness through innovation-driven and adaptive policy- making.

Sectoral Industry Interest Sectoral Industry Focus

2

1st

Submission

as at 15 March 2018

92 18

BATCH

9

2nd

BATCH

An initiative by : Strategic collaboration between Government, Academia, Industries and Entrepreneurs aims to expedite progressive & anticipatory regulatory intervention to enable commercialization of innovation & technology solutions while shaping Malaysia's future.

Former Prime Minister, Announcement of NRS, GEC Summit 2017 National Regulatory Sandbox Kick off Meeting by MOF on 14 Feb 2018

National Regulatory Sandbox (NRS) 21

Mandated by Majlis Pembangunan Negara. ”Meeting no 6/2019”

Futurise to lead the NATIONAL REGULATORY SANDBOX

Sports Tech Mobility

slide-22
SLIDE 22

Future Economy

22

The development of “Future Economy Corridor” as a refresh to the Multimedia Super Corridor announced more than 20 years ago.

slide-23
SLIDE 23

Futurise’s Positioning

Consultancy Facilitation Strategic Partner Thought Leadership

  • 1. Regulation interventions
  • 2. Innovation deployments
  • 3. Creation of innovation ecosystem

Strategic Outcome

23

slide-24
SLIDE 24

The Programmes

24

Ideas Nucleus Labs Ventures

  • Strategic Engagement
  • Networking Platform
  • Tech Talk & Event
  • Showcase
  • Foresight
  • FUTURITY Platform
  • Accelerator & Industry

Development

  • Training & Certification
  • National Regulatory

Sandbox

  • Co-Design Lab
  • Rapid Prototyping
  • Regulation Intervention
  • Pilot & Testing
  • Commercialisation
  • Market Access
  • Funding
  • Marketplace

One-stop center in development of futuristic innovation ecosystems

slide-25
SLIDE 25

National Regulatory Sandbox Initiative

25

NRS – AUTONOMOUS VEHICLES @ CYBERJAYA OPEN INNOVATION PLATFORM @ FUTURITY

A platform developed aimed to match innovation and solution between stakeholders while accelerating the ideation to commercialisation growth. Collaboration between MOT & relevant agencies to support the development of urban mobility while improving road safety and better productivity. Developed guideline for AV trialling on public roads in Cyberjaya– endorsed by MOT and MP Sepang

NRS - UNMANNED AIRCRAFT SYSTEMS (UAS)

Collaboration between MOT, CAAM, JUPEM, MAVCOM, MDEC & UAS industry by establishing a progressive and inclusive UAS regulatory framework with Cyberjaya recognized as first Drone Testing Zone (DTZ).

2019 Achievements

NRS Secretariat

NRS Task Force

Chaired by KSP

KSUs, Regulators, KP, Private Sector, Industry Associations

NRS Advisory Panel

NRS tabling twice a year

NRS Council

Chaired by KSN/ Prime Minister Quarterly meeting

Validation of Companies & Entrepreneurs Innovation Screening Regulatory Sandbox Regulatory Intervention Innovation Deployment NRS PROCESS NRS GOVERNANCE

slide-26
SLIDE 26

29

Collaborative Innovation Platform

Tech Providers

  • Startups
  • SMEs
  • Associations
  • etc.

Solution Seekers

  • MNCs
  • Associations
  • Professional bodies
  • etc.

Partners

  • Government agencies
  • Ministries
  • GOC
  • etc.

Post Offerings Post Challenges Post Trends Collaboration Open Innovation Regulatory Sandbox

slide-27
SLIDE 27

Ventures & Alliances

30

To ensure Business Sustainability, Ventures program is

carried out to support innovation deployment for the creation of new businesses and generation of economic wealth for Malaysia.

Large Corporates

(Sales turnover above RM50Mill)

SMEs/Startups

(Sales turnover less to RM50Mill)

Private Universities/Collages /Training Providers Government/ Agencies/ NGOs

RM5,000 RM2,500 RM2,500 WAIVED

  • Advanced professional development by participating in NRS, Innovation Lab & Training
  • Opportunities to collaborate with leading-technology sector business in strategic

projects

  • Establish relationship with other professional bodies concerning matters of mutual interest
  • Opportunity to leverage on global network
  • Tech funding syndication for ecosystem development (for SMESs, Startups & Universities)
  • Access to Futurise’s facilities as Future Economy

Hub at affordable member’s price

  • Annual event hosting at Futurise
  • Access to Open Innovation Platform data set
  • Company name listed on the Futurise Website

STRATEGIC BENEFITS

MEMBERSHIP PROGRAM

Futurise to identify companies with potential to grow in innovation ecosystem through funding landscape and accelerate the development and commercialization of innovative, market driven products/solutions/services.

COLLABORATION & PARTNERSHIP

EXCLUSIVE FEATURES ONLINE SERVICES

slide-28
SLIDE 28

31

Thank You !

hellofuture@futurise.com.my

slide-29
SLIDE 29

www.zicolaw.com | 34

Q&A session

Share your questions with us!

slide-30
SLIDE 30

BRUNEI | CAMBODIA | INDONESIA | LAOS | MALAYSIA | MYANMAR | PHILIPPINES | SINGAPORE | THAILAND | VIETNAM

www.zicolaw.com

ASEAN INSIDERS, by origin and passion

THANK YOU