Brainstorming on Co-Working Office or Incubation Centre

To: Datuk Ng

From: K. L. Ng

Datuk, good afternoon.

I like to brainstorm with you another project that KLSCCCI Young Entrepreneurs (Youth) Commiittee can offer to members and non-members in addition to Business Consulting Programme.

*Project: KLSCCCI Young Entrepreneurs Co-Working Office / Incubation Centre*
– location of office/centre, Wisma Chinese Chamber
– Co-working office is similar to MAGIC that we visited 2 years ago —
– the business consulting programme can be held there and provide consultation to tenants
– 50% of the space will be offered to qualified young entrepreneurs for free while balance 50% rented out at market rate

*Target Entrepreneurs:*
a) young entrepreneurs who wish to start a business in KL but do not wish to incurr high rental cost
b) Chinese entrepreneurs from ASEAN (e.g. from Manila) who wish to explore Malaysia market and need a office

*Benefits to KLSCCCI:*
a) increase the service, branding, image, good will
b) increase rental revenue to KLSCCCI

*Business Model: social enterprise*

A social enterprise is an organization that applies commercial strategies to maximize improvements in human and environmental well-being—this may include maximizing social impact alongside profits for external shareholders. Social enterprises can be structured as a for-profit or non-profit. What differentiates social enterprises is that their social mission is as core to their success as any potential profit.

What do you think?