Ahmad Fauzi Ali
Fauzi is a serial entrepreneur, licensed venture capitalist, Chief Technical officer, angel investor, management consultant and educationist and mentor. He started his career in software in 1972 in the United Kingdom at the age of 13 when he started writing computer games for his college community.
Upon graduation in 1982 from the University of Manchester Institute of Science and Technology, he began his professional career as a pioneering staff of Arthur Andersen Malaysia (now Accenture). His various consulting assignments with Accenture included Exxon in Indonesia, Rothmans Cigarettes and UMW in Malaysia. In 1984 he set up his first business, Dataphone Sdn Bhd to provide online and call centre services in the form of a talking directory. He sold his business in 1988.
He entered into a joint venture partnership and as General Manager in 1990 with Sapura Holdings to help build its systems integration business, where he helped to grow the group revenue to about RM1 billion. His career milestones include development and implementing a Transfer of Technology approach and methodology for the MiG 29 full mission simulator for the Royal Malaysian Airforce. The approach of the methodology was that a full technology transfer of foreign technology could only be achieved if a recipient were able to become an entrepreneur in the target technology. One of the recipients was Ekramatic Sdn Bhd which is a Simulator developer for the Ministry of Defence.
In the early nineties, in New York, together with Sarnoff Laboratories, he presented the idea for the development of a Malaysian technology companies through Malaysian investments in foreign technology businesses to the then Malaysian Prime Minister, Tun Dr. Mahathir.
In 1995, he was instrumental in the securing of the Kuala Lumpur International Airport, Total Airport Management System project for Sapura. His approach to winning the deal was to incorporate a full Transfer of Technology Contract within the main contract and to implement a totally new approach of decentralised messaging for Airport Systems involving an Information Broker (TAMS Total Airport Management System) (a system subsequently applied to many new airports today). The project was a major milestone in the Multimedia Super Corridor initiative as it created numerous new startups in technology and became a major collaboration exercise in project sharing among more than 15 Malaysian Technology Companies.
Subsequently, he secured the Electronic Government Generic Office Environment Project which was a major exercise in Organizational Transformation and Change Management for the Malaysian Government. His involvement included many change management leadership workshops that were conducted top down. The other partners in the exercise were Arthur D. Little, Microsoft and Hewlett Packard. It also resulted in the involvement of Bill Gates and many other Tech CEO’s in the MSC international Advisory Panel.
Later, he initiated the idea of the MSC Labs and together with MDEC, the idea of incubators as a means of developing local technology businesses. In the 1990’s, he also listed his company in reverse listing exercise that resulted in the formation of Sapura Technologies Berhad. He also listed Telekom Advanced Systems, a company he cofounded with former staff of Palm Computing on the Montreal Stock Exchange.
Upon exit from Sapura, Fauzi established one of the first technology serial entrepreneur run Venture Capital (VC) companies in Malaysia, First Floor Capital, with his late brother, Ismael Fariz Ali. First Floor Capital was instrumental in its role in devising the rules for Mesdaq, a technology OTC market on Bursa Malaysia as well as the idea behind the formation of ValueCap Bhd. One of its major successes was Firstfloor’s investment with En. Afzal Rahim which resulted in his acquisition of Time.com.
In 2007, he sold his stake in Firstfloor Capital to Khazanah Malaysia Berhad and established Singularity Ventures. Some of Singularity’s investments include the Neuramatix Group for Artificial Intelligence (where Fauzi was a co-founding partner) and Malaysian Genomics Resources Berhad (MGRC) which is listed on Bursa Malaysia.
In 2013, Fauzi founded Joot Ventures, one of the country’s first social chat platform built from scratch. Other initiatives to date include an exercise to acquire and transform Silterra Malaysia into a self-sustaining semiconductor foundry and turn around the Mimos Semiconductor facility into a profitable business unit through an international Merger and Acquisition Exercise with Taiwanese and US technology assets.
He received the support of both prime ministers, Tun Dr. Mahathir Mohamed and Dato’ Sri Najib Tun Razak. Initiatives were suspended due to changes in government policy and market conditions. In 2018, Fauzi joined Dr Ezam to successfully developed a Chat/Messaging system that would replace and improve upon WhatsApp in the medical community. The application, Circles.MD is available for doctors on the App Store.
Throughout his career, Fauzi has been passionate about building Global Malaysian Technology companies.