Malaysia’s Prime Minister Datuk Seri Anwar Ibrahim has unveiled a single window initiative aimed at enhancing the startup ecosystem by fostering collaboration among agencies. This strategic move aligns with Malaysia’s vision to position Kuala Lumpur as a thriving regional startup and digital hub, while concurrently pushing for the National Digital Identity Development Project (IDN) to elevate the country’s digital transformation.
29 August 2023 – Prime Minister Datuk Seri Anwar Ibrahim has unveiled Malaysia’s ambitious plans to solidify its position in the global startup ecosystem by 2030 through the implementation of a comprehensive single window initiative. The initiative aims to streamline and harmonize functions across various agencies in the startup ecosystem, fostering collaboration for effective policy formulation and decision-making. The government’s objective is to cultivate Kuala Lumpur as a dynamic regional startup and digital hub, with a target of nurturing 5,000 startup companies by 2025.
Prime Minister Anwar highlighted that Malaysia currently involves around 14 agencies in the startup ecosystem, encompassing critical areas such as financing, product development, marketing, and expertise. This multifaceted approach seeks to address key aspects of startups’ growth and sustainability.
In addition to fortifying the startup landscape, the Council for Digital Economy and National 4th Industrial Revolution (MED4IRN) is expediting the implementation of the National Digital Identity Development Project (IDN), facilitated by the National Registration Department. This digital identity platform will revolutionize how individuals self-identify and verify themselves through biometric characteristics, ensuring reliable authentication when availing services from various providers.
The Prime Minister emphasized that the government remains steadfast in its commitment to advancing public sector digitalization to foster sustainable digital progress and drive the nation’s digital transformation agenda. The IDN project stands as a critical step in Malaysia’s Digital Economy Blueprint, aligning with the country’s broader aspirations to enhance its status as an Asian economic leader and enhance the welfare of its citizens.
The MED4IRN, comprising ministers, industry leaders, academia, and civil society representatives, will play a pivotal role in accelerating the nation’s digital transformation initiatives, driving Malaysia towards a more digitally empowered future. – reference: Bernama