Promoting a startup ecosystem for the digital economy

July 03, 2021

WOU aspires to create a start-up ecosystem in Penang to accelerate the digital economy by producing talents equipped with the required digital literacy skills. The University, through its School of Digital Technology (DiGiT), intends to nurture tech startups – and maybe the next tech unicorn like Grab – from amongst its students.

DiGiT senior lecturer Dr Lee Heng Wei was speaking at an online talk today on “MyDigital and Penang Digital Transformation Masterplan: Are you Riding the Wave?” organised by the School and the Penang Regional Centre.

TIMELY TALK ON THE SKILLS NEEDED TO RIDE THE DIGITAL ECONOMY WAVE.

He advised students to act now and prepare themselves for the digital economy wave by learning digital skills relevant for the next 5-10 years. He queried, “Are you riding the wave or are you collapsing from the wave?”

He said that DiGiT, through the Bachelor of Digital Business (Honours) [BDBS] programme, confers digital skills, offers co-working space for start-ups and connects students with experts and industry leaders so as to nurture entrepreneurial talents. The programme is 80% skill-based and frontloads digital skills in the first year through intensive, on-campus learning.

WOU OFFERS SUPPORT TOWARDS DEVELOPING THE NEXT TECH UNICORN.

He stressed that WOU’s vision, through DiGiT, is “to create an ecosystem that nurtures entrepreneurship and initiate a subculture that engages the young and ambitious to grow their business and aim for outlier results”.

He continued, “The ecosystem will enable you to generate and pitch your ideas, and provide opportunities and guidance to start your own business. If you are not ready to start a business, we will help with placements in industry to gain work experience first.”

SENIOR LECTURER DR LEE HENG WEI FROM THE SCHOOL OF DIGITAL TECHNOLOGY.

 

Dr Lee highlighted the recently-launched federal government initiative, MyDigital (Malaysia Digital Economy Blueprint) 2021-2030, to help people start up their own businesses as Malaysia pushes towards a digital economy in the next 10 years.

Among the MyDigital initiatives are to create 500,000 new jobs related to digital economy (e.g. data analyst,digital marketer), ensure 100% households have access to Internet, provide all students access to online learning, enable the digital transformation of businesses across all sectors to increase productivity by 30%, and to empower the digital economy to contribute 22.6% of the nation’s GDP.

THE MYDIGITAL INITIATIVES TO HELP THE PEOPLE, BUSINESS AND GOVERNMENT SECTOR.

He added that the federal government aims to attract two business unicorns within the next 10 years, increase the number of startups, and encourage 875,000 micro small and medium enterprises to adopt e-commerce. Other targets are 100% civil servants to possess digital literacy skills and cashless payments option by 2022 across all Ministries and agencies.

Dr Lee also mentioned the state government’s efforts to encourage more digital startups and assist businesses to embrace the digital economy, namely the launch of its Digital Penang agency and the Penang Digital Transformation Masterplan (2021-2023). The four pillars of the plan are Digital Governance, Digital Economy, Digital Community and Digital infrastructure, whereby businesses are supported with access to talent, funding, investor, mentorship and market.

FOUR PILLARS OF THE PENANG STATE GOVERNMENT’S PLAN TO DRIVE THE DIGITAL ECONOMY.

He stressed that digital economy is the main focus of the federal government, as well as the state government, with a lot of effort invested in this exciting field.

Share:

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on whatsapp
WhatsApp

Post a comment

Your email address will not be published.

On Key

Related Posts

admin@wou
Posted by admin@wou
June 28, 2022

Manufacturers Advised to adopt IR 4.0 Technologies that match Desired Outcome

Implementing changes under the Fourth Industrial Revolution (IR...

Read More
Natasha Goh
Posted by Natasha Goh
June 22, 2022

Students Awarded for their Final Year Dissertation Poster

WOU savoured a joyful occasion when two Master...

Read More
Natasha Goh
Posted by Natasha Goh
May 31, 2022

WOU Student Honoured with Women’s Leadership Award

The WOU community welled up with pride when...

Read More
admin@wou
Posted by admin@wou
May 26, 2022

WOU Alumni: Preschool Educators Receive Lifelong Learning Award

Two graduates from WOU’s Diploma in Early Childhood...

Read More
Natasha Goh
Posted by Natasha Goh
May 26, 2022

Become a Successful Technologist and Technician with WOU

You can have a faster pathway to becoming...

Read More
Natasha Goh
Posted by Natasha Goh
May 19, 2022

Unlocking Career Opportunities with DiGiT

The School of Digital Technology (DiGiT) Senior Lecturers...

Read More
Natasha Goh
Posted by Natasha Goh
May 17, 2022

Develop your Personal Branding for Greater Reach on LinkedIn

You should know your Social Selling Index (SSI)...

Read More
admin@wou
Posted by admin@wou
May 10, 2022

VC: Make Lifelong Connections at University

Making lifelong friendships and lifelong networks are very...

Read More
admin@wou
Posted by admin@wou
May 9, 2022

WOU Donates Computers to Phor Tay High School for Education

WOU donated 10 refurbished desktop computers to Phor...

Read More
Natasha Goh
Posted by Natasha Goh
May 5, 2022

Making Meaningful Connections: Foundation of Successful Sales

Understanding what is important for your clientele and...

Read More
Natasha Goh
Posted by Natasha Goh
April 25, 2022

Increase your market value as a Certified Project Manager

Employers around the world are looking for certified...

Read More
Natasha Goh
Posted by Natasha Goh
April 14, 2022

Achieve Your Web Developer Dream with a WOU Degree

Web development is an important facet of any...

Read More
We use cookies to give you the best experience.