Last Friday, our founding partner, Khaw Veon Szu, shared his thoughts on the topic, “the Legal Building Blocks of a Successful Startup in Malaysia” at Digital Penang’s “Coffee and Curry Puff” series. He outlines the five legal building blocks that every startup must get right to ensure its survival and growth:
1.Choose the right business structure for the startup.
2. Form a startup team.
3. Pick a place to house the startup team.
4. Protect the intangible assets.
5. Monetize its intangible assets or intellectual property.
6. Fund the startup.
There were some interesting questions from the participants. All in all, it was an engaging and lively session.
We look forward to more sessions like this in our effort to help build a sustainable startup ecosystem in Penang.