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Wadhwani Foundation launches NEN-Malaysia

India Blooms News Service | | 26 Mar 2015, 05:36 pm
Kolkata, Mar 26 (IBNS) Wadhwani Foundation launched its decade old flagship Initiative, National Entrepreneurship Network (NEN) in Malaysia, with Cradle Fund Sdn. Bhd as its strategic partner.

The expansion of Wadhwani Foundation’s global footprint is in line with its objective of creating impact opportunities in emerging economies with entrepreneurship development as a key tool for sustainable job creation.

Statistically, economic growth of a nation and subsequently the creation of new jobs, is fuelled by large numbers of high potential entrepreneurs starting and growing enterprises. Therefore, the Foundation will seek to enhance the entrepreneurial capacity in Malaysia, with an intent to have a multiplier effect on job creation and the growth of the nation’s economy.

Expressing happiness on expanding the global footprint of Wadhwani Foundation into Malaysia, Ajay Kela, President and CEO, Wadhwani Foundation said, “Wadhwani Foundation for over a decade has pursued its mission of economic development in emerging economies by creating millions of jobs through promoting entrepreneurial and employment skills and driving policy changes to jump-start economic opportunities. It gives me great pleasure that the Foundation’s flagship initiative, National Entrepreneurship Network is now expanding its network and capacity building model to Malaysia. I am confident that this will greatly enhance the entrepreneurial opportunities in Malaysia. We hope that by sharing our IP, resources and experiences; and forging strong and deep partnerships we will play a key role in contributing to further the economic growth of Malaysia.”

According to Nazrin Hassan, CEO, Cradle Fund Sdn. Bhd., “To be successful, entrepreneurs need to take key lessons from the experience of other entrepreneurs who have walked the path. Cradle has been supporting Malaysian technology start-ups for more than 10 years and many have grown to become big names and raising further rounds of investments like MyTeksi and Intelligent Money. We’ve followed and charted their journeys and we’re pleased to share it with other aspiring entrepreneurs. Through its Coach & Grow programme, Cradle has built up a good network of mentors who have helped entrepreneurs sharpen their skills. Their advice will also go a long way to helping develop capable entrepreneurs."

NEN has a substantial repository of resources to build an ecosystem which includes tailor-made programs to build entrepreneurial capacity in academia, and also to support entrepreneurs through events, workshops, and webinars.

Sunita Singh, Co-Founder NEN and Vice President, Wadhwani Foundation, says, “NEN has a rich history of creating and supporting entrepreneurs and innovators, leading to job creation. One of the salient features of NEN’s resources and IP is that they are contextualized for emerging economies and deployment of these is critical to scaling our efforts and impact across the globe. At the same time in each nation we have the opportunity to develop more nuanced approaches and content which increases the effectiveness of the Wadhwani Foundation’s work with entrepreneurs. Our partnership with Cradle will enable us to bring together the right stakeholders in Malaysia including the government, academic institutions, entrepreneurs and associations to enhance the resources and connectedness of the eco-system. We hope to leverage the Wadhwani Foundation technology platforms for aspiring and new entrepreneurs to help scale support for entrepreneurs to the different parts of Malaysia thereby supporting and harnessing the country’s innovation and entrepreneurial potential.”