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New Straits Times - Thursday, January 18, 2001

3-Exchanges.com for ideas, capital, human resources

Kuala Lumpur, Wed. – Ideas, people and money – the ingredients for any successful business, can someday be sourced from anywhere in the world through www.3-Exchanges.com.

3-Exchanges.com comprises three votals (vertical portals focusing on depth instead of breadth) each housing a wealth of financial resources, human capital and ideas for exchange between job-seekers and employers, investors and aspiring entrepreneurs.

The vortals are www.KWX.Asiacom for human resources, www.IdeasAsia.com for ideas exchange and www.InvestmentBankAsia,com for financial resources.

Though separate entities, the three vortals are interlinked to facilitate a new cyber-environment of starting a career or business.

At the ideas exchange, anybody with an idea to sell but lacking the know-how to commercialise it, can get the required help.

IdeasAsia.com will package the idea and draw up a “storyboard” (business plan) for it, before presenting it to investors or venture capitalists through AlphaInvestmentBank.com.

In the reverse, investors looking for profitable ideas to develop can turn to IdeasAsia.com.

Care is taken, though, so that the ideas placed at IdeasAsia.com do not get hijacked by someone else.

“We help people from the very first step. We incubate their ideas, nurture them and work hand-in-hand with them till the ideas are developed into business plans,” said KWX (Knowledge Worker Exchange) managing director Sulaiman Mokhtar.

KWX co-owns IdeasAsia.com with Digital Hub Sdn Bhd, which runs AlphaInvestmentBank.com.

Digital Hub was incorporated in July 2000. KWX Sdn Bhd is a subsidiary of the Multimedia Development Corporation.

AlphaInvestmentBank.com is also a platform for banks in all ASEAN countries, thus widening the platform and breaking down international borders for new entrepreneurs.

“Eventually we want 3-Exchanges.com to link up with exchanges in the United States and Europe,” said AlphaInvestmentBank.com managing director Jacqueline Tai.

Sulaiman said the ideas exchange will be of great help to experts in the technology field who have ideas to share but are not business-savvy enough to market them.

“It will also help the poorer ASEAN countries where someone might have an idea but their country has no means to allow the idea to take off. 3-Exchanges.com will help bridge that divide.”

And at a time when the Malaysian Government is trying to woo back home-grown experts residing overseas, 3-Exchanges.com can help “bring them home virtually, if not physically,” Sulaiman added.

The same in-depth, personalized treatment applies to sourcing for human capital.

KWX.Asia.com doesn’t just advertise job openings or match job seekers with potential employers.

“We go beyond that to make sure the job vancacy is actually filled.” Sulaiman said.

3-Exchanges.com will be fully operational in three months while InvestmentBankAsua.com is already up and running.

3-Exchanges.com will hold an exhibition at the Kuala Lumpur Hilton over the next two days.