Is it just me or is the Australian Government rubbish at supporting...

Is it just me or is the Australian Government rubbish at supporting entrepreneurs? Check out what they’re doing in Malaysia.

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A few weeks ago, I had the pleasure of meeting Dr V. Sivapalan, a Malaysian serial entrepreneur with a deep interest in what factors influence entrepreneurial endeavour (and a strangely elusive first name).

In addition to 30 years spent building companies, he holds a Ph.D in Venture Capital studies, an MBA, has a law degree from the University of London and is a qualified Chartered Secretary.

He is also a certified Trainer for the Kauffman Foundation ‘FastTrac’ program and is the Founder & Past President of the Technopreneurs Association of Malaysia (TeAM). He’s currently Director of its Policy Institute.

In other words, his knowledge bridges the practical and academic aspects of this roller-coaster ride we call entrepreneurship.

I caught up with Dr Siva (as his Aussie mates now call him) for a few quiet beverages at Melbourne’s York Butter Factory Incubator. A thought-provoking conversation ensued.

On the topic of government support, here’s what he had to say.

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  • stan jeffery

    Hi James
    I can support
    that Malaysia and Singapore are
    more focused on helping entrepreneurs. They seem to recognize the linkage
    between growth of local entrepreneurs and the growth of the countries business.
    The growth of the Multimedia Corridor and related university and the funding of
    entrepreneurs via the low cost Venture Capital funded by MAVCAP are examples
    I ran a
    corporate venture fund in KL for a number of years and invested in local and
    SEA companies. I also did introduce FastTrac into Malaysia
    via MAVCAP, one program called “ignite the entrepreneurs fire” was
    run by our company ICGS with the help of a successful Australia group now called Acumen
    International in QLD.
    Stan Jeffery

  • http://www.balanceatwork.com.au/blog/ balanceatwork

    When I visited Malaysia for the first time 2 years ago, I came back and told everyone I know that I thought Australia is destined to become the mine and garbage tip of Asia if we don’t get our act together. Subsequent visits to the region, most recently Singapore, have not changed my view.

    However, I also believe our culture contributes to the situation and there may be sacrifices we as a country/people are not ready to make.

    There are so many opportunities for us to do better. I hope the ‘Asian century’ opens our eyes to them!