Malaysia’s entrepreneurs are coming up with some of the best and brightest ideas and contributions to the world economy. Companies such as Exabytes Network, Fashion Valet, Nuffnang, and Piktochart are among many leading the pack, and many of these inventions were just a glimmer in the consciousness of the innovator before taking off. Finding inspiration for a profitable venture is not difficult, but finding support can be, especially when standard office space does not necessarily invite the type of environment conducive to creative, independent thinking.
Building a platform for success can be done in more than one way, and being in a location conducive to supporting this type of industry is one way to success. The coworking space is one of the few office formats that goes beyond providing workspace into the realm of creating business relationships that can lead to the type of success described in the above paragraph. For the budding entrepreneur, the coworking space can be a place to navigate the business world in a contained, supportive environment.
Coworking spaces encompass a number of types and variations in addition to the standard general space. Take a look at Servcorp’s coworking office in Kuala Lumpur at http://www.servcorp.com.my/en/coworking/ to see how these plans typically work. However, if you are an entrepreneur with your own start-up, seeking out coworking spaces that cater to new businesses is one way to guarantee you get the support needed for your venture. As opposed to a standard calendar of events, the start-up coworking calendar provides events that cater to new businesses, whether they relate to making connections in the community, finding funding, or managing business finances.
Because coworking has its roots in helping new businesses establish themselves, the likelihood is that a lot of the original ideas are still a part of the space. For this reason, if you do choose to forgo working in a start-up coworking space, your standard coworking space can provide you with the same amenities. The only difference is you might not get the type of hands-on support provided by start-up coworking spaces.
Incubator And Accelerator Programs
Incubator and accelerator programs are also a favourite of the start-up. These two types of coworking spaces can be found as a part of a larger space or as a separate office devoted to building industry. In either case, these spaces focus solely on building business, and they essentially will allow your business to grow in somewhat of a cocoon. For businesses who need a hands-on, instructional guide to build their business, these are probably one of the best ways to go.
Malaysia’s Start-Up Scene
Malaysia supports a start-up scene that can provide you with a variety of sources. In addition to government initiatives that fund incubator and accelerator programs, there are a number of resources, including websites, devoted to keeping entrepreneurs informed as it relates to information that can help them. StartUpRoar, for example, is an online magazine that features stories about business and innovation in the country. In addition, the website features information as it relates to upcoming events in the Malaysian business community. The Malaysian business community definitely supports innovation just in terms of the number of coworking spaces and organisations devoted to helping these businesses become established.
Finding The Right Space To Grow
For entrepreneurs, the coworking space can contribute to helping start-ups get off the ground. Entrepreneurs will find while coworking there is a lot of support within the coworking space in terms of industry diversity. This diversity, in addition to the support from the staff, can position your business for success.