Menlo Park, CA – April 6, 2011: The One Million by One Million (1M/1M) initiative and MAD Incubator are announcing a partnership to help foster innovation and entrepreneurship in Malaysia. The goal of the 1M/1M initiative, set up by Sramana Mitra, is to help a million entrepreneurs each reach $1 million in revenue and beyond. MAD Incubator works with community and government stakeholders to accelerate technopreneurship development and innovation in Malaysia by helping entrepreneurs build sustainable technology businesses.
With a shared vision, 1M/1M and MAD Incubator can provide wider resources and deeper support to the entrepreneurial ecosystem in Malaysia. MAD Incubator will now be the premiere partner of 1M/1M for incubators in Malaysia, both online and offline. MAD Incubator will now be an official reseller partner of the 1M/1M premium program, which offers entrepreneurs on-demand educational, business development and incubation resources and strategy consulting with Mitra for an annual membership fee of $1000. 1M/1M is headquartered in Silicon Valley and offers its members a strong channel into the Valley, as well as a crisp encapsulation of the Valley’s methodology.
The 1M/1M and MAD Incubator partnership will be announced during the free, online 1M/1M strategy roundtable for entrepreneurs, co-hosted by MAD Incubator, on Wednesday, April 6, 7:30 p.m. PDT, which is Thursday, April 7, 10:30 a.m. Malaysia Time. Find more details and registration information here.
“The 1M/1M philosophy is to focus our entrepreneurs on customer acquisition and early validation without burning through a huge amount of cash,” explains Sramana Mitra, founder of 1M/1M. “In Malaysia today, there are numerous entrepreneurs and aspiring entrepreneurs interested in learning how Silicon Valley entrepreneurs have succeeded so well in building new businesses. Among these entrepreneurs, the level of understanding of core issues like positioning, go-to-market, corporate structure, financing, valuation, ownership, customer and channel development, etc. are still pretty limited. The 1M/1M program and methodology aims to address this gap. ”
“We at MAD Incubator are very excited to work with 1M/1M to groom a large number of Malaysian entrepreneurs,” shares Andrew Wong, CEO, MAD Incubator, who secured this partnership. “The 1M/1M curriculum is the only one which addresses all our needs: (1) focuses on technology entrepreneurship (2) is based on a core philosophy of bootstrapping and capital efficiency (3) has a laser sharp focus on early stage startups (4) is completely virtual, and offers a deep tie into Silicon Valley. The 1M/1M case studies are extremely well articulated, and Sramana’s video lectures succinctly synthesize the lessons our entrepreneurs need to learn to become sophisticated players in the global startup scene. We are excited about the partnership and view it as a core piece of building the Malaysian technology startup eco-system.”
About One Million by One Million (1M/1M):
Founded in 2010 by Sramana Mitra, the One Million by One Million (1M/1M) initiative is an educational and business development program that aims to help a million entrepreneurs globally to each reach $1 million in revenue and beyond, build $1 trillion in sustainable global GDP, and create 10 million jobs. For more details, please visit: http://1m1m.sramanamitra.com
About MAD Incubator:
Working with community and government stakeholders in Malaysia, MAD Incubator aims to accelerate technopreneurship development and innovation by helping technology entrepreneurs develop the entrepreneurship and software skills needed to build innovative solutions and businesses. For more details, please visit: http://incubator.com.my/
For more information contact:
One Million by One Million
(603) 8994 1750