IdeaLab 2016 Connects ASEAN Startups to Global Investors


Oct  28th

The WIEF Young Leaders Network (WYN) presents the WIEF IdeaLab 2016, held on 31 October & 1 November 2016 in Berjaya Times Square Hotel. IdeaLab 2016 a 2-day boutique startup conference connects ASEAN startups and global investors for investments ranging from US$10k to US$500k on tech sectors such as e-commerce marketplace, fintech, mobile apps, and internet services. IdeaLab 2016 also features the MBAN Summit, a feature on angel investing powered by the Malaysian Business Angels Network (MBAN), catered to bring together the angel investing community across ASEAN.

Over 400 delegates from 31 countries worldwide will participate in the IdeaLab 2016, with more than 30 investors coming from the major ASEAN markets, Japan and New Zealand. With 2017 earmarked as the year of the internet economy, SMEs and startups, by the Prime Minister of Malaysia, Dato’ Sri Mohd Najib Tun Abdul Razak, startup events like the IdeaLab is important not only to expose companies to funding opportunities in the region, but also as a great platform for market validation.

Dato’ Jailani Johari, Deputy Minister of the Ministry of Communications and Multimedia, said “the government is keen in engaging startups as 2017 is an important year for the internet economy and startups, and we are hopeful that Malaysia and its regional neighbours within ASEAN will move towards more connectivity with the help of platforms like the IdeaLab 2016”. Fazil Irwan Som, Executive Director of the WIEF Foundation and Head of the WIEF Young Leaders Network (WYN) said “IdeaLab is important for Malaysia because we need to address the funding issue and market exposure with regards to our startups, and give hope to these companies that there are policies and organisations that can help them grow. Only then can we realise the aspiration for Malaysia to be a hub for the startup ecosystem”.

At the IdeaLab 2016, startups can meet investors at the Networking Pods, learn new ideas and get updated with startup news at the Ideation Stage, meet other ASEAN startups at Startups Anonymous, find developers for their tech business at the Developers Den, hack business model and identity designs at the Workshops,
get free consultancy by industry professionals on startup business matters at the Idea Clinic, visit startup businesses and ecosystem players at the Startup Ecosystem Fair, take a deep dive into the world of angel investing at the MBAN Summit, and stand a chance to pitch in front of global investors at the IdeaPad Stage.


The WIEF Foundation, a not-for-profit organisation based in Kuala Lumpur, organises the annual World Islamic Economic Forum, a world-class business platform showcasing business opportunities in the Muslim world, and runs programmes of the various initiatives of the Foundation that strengthens partnership and knowledge exchange between Muslim and non-Muslim communities across the globe. The Foundation aims to tackle problems in the Muslim world strictly from a business perspective, and to build bridges through business.

For inquiries, contact:
Said Hamadi at or call us at +60321635500.