KUALA LUMPUR: The government will soon organize a startup convention to generate more local technopreneurs, says the Economy Minister Rafizi Ramli (pic) in the Dewan Negara on Wednesday (Sept 20).
Rafizi stated that developing startup companies is a prerequisite in accelerating the country’s economic transition towards technology and digital-based industries.
He added that the government would also ensure the venture capital ecosystem continues to be strengthened to expedite the formation of technology-based startups.
“This includes special initiatives to gather funding from government-linked companies (GLCs).
“Furthermore, emphasis will also be given to investors and early-stage startups to empower more local talents as technology creators and developers,” he said when tabling the motion on the 12th Malaysia Plan Mid-Term Review at the Dewan Negara.
According to reports, the government aims to make Kuala Lumpur a regional hub for startup companies and the digital industry to attract investments and digital talents, with the intention to position Malaysia among the top 20 countries in the global startup ecosystem by 2030.
Elaborating, Rafizi mentioned that the government has allocated RM266 million this year to local startup companies in order to create more unicorn-level companies.
Out of this amount, RM63.9 million has already been disbursed, he said. – Bernama
Credit: The Star : News Feed
