03.03.2020
Kategori: gain, industry, mdec, Startup Ecosystem, Startup/Scaleup

MDEC EXPANDS GAIN PROGRAMME BY GOING SMALL

You would have heard of The Global Acceleration and Innovation Network (GAIN) programme by Malaysian Digital Economy Corporation (MDEC) which has earned positive accolades since it was established in early 2015 with more than 150 GAIN companies.

Numbers aside what is even more impressive is that around 70 of these companies participated in GAIN market access initiatives overseas and as a result, collectively generated more than US$1 billion (RM4.2 billion) worth of contracts in the last 4 years.

But it wasn’t always smooth. “When we first started, we struggled to even find US$23.7 million (RM100 million) revenue companies and had four by the end of 2015,” said Gopi Ganesalingam, the vice president of Global Growth Acceleration at MDEC who has been leading the initiative since Feb 2015.

Fast forward to today and GAIN has two companies with RM750 million revenue, three with RM600 million, six with RM400 million and many others growing into the RM200 million to RM300 million revenue range.

Read the full article @ Digital News Asia