Standfirst: MDEC's FOX programme builds resilient companies with strong fundamentals Gerardo Salandra and Georg Chmiel share a lot in common, notably their participation in the Malaysia Digital Economy Corporation’s (MDEC) Founders Centre of Excellence (FOX), a multifaceted programme designed to accelerate the growth of high potential Malaysian...
By Digital News Asia September 6, 2024Gerardo Salandra and Georg Chmiel share a lot in common, notably their participation in the Malaysia Digital Economy Corporation’s Founders Centre of Excellence , a multifaceted programme designed to accelerate the growth of high potential Malaysian based tech companies .
Gerardo, from El Salvador, started his Business-to-Business Software as a Service company in Hong Kong and then, deciding that being in Hong Kong was not going to help him achieve his dream of building a global company, picked Malaysia as his base. With over 25 years of experience in real estate across Australia, Asia, and now Malaysia, Georg has seen a lot of government programmes aimed at helping companies grow but even he is impressed by the FOX programme. “To put it concisely, this is like joining a premier concierge service. Just ask a question and you get pointed in the right direction,” he says.
That shift in perception shown by the testimonials of Respond.io and Juwai IQI gives Malaysia a reputational boost. Indeed, MDEC’s efforts via the FOX programme has assisted high-growth companies to grow into global companies, and potentially unicorns. The companies that choose to remain in Malaysia after they become very successful, will inspire more companies outside the country to consider Malaysia as their base to grow into global companies too.
Gerardo reflects, “As a founder, I understand the need for constant self-improvement and growth. But as a startup founder, the emails, messages, calls, and meetings never seem to stop. When I return to the office after this interview, I'll be greeted with a stack of tasks demanding my attention. So, when is there time to focus on personal growth?”
But his experience with EY and a competitive analysis it did using the EY 7 Drivers of Growth Framework, has made Gerardo and his leadership team see the value of consultants. “And today, we do pay for consultants.”
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