Industries in Malaysia with High Demand for Tech Talent
The tech industry in Malaysia is growing rapidly, resulting in increased demand for tech talent. Industries such as banks and financial institutions, telecommunications, IT, industrial and manufacturing, marketing and advertising, retail, and IoT/cloud computing/cybersecurity services are experiencing high demand for tech professionals. To address the shortage, companies are urged to identify hidden talent, upskill or reskill...
Fueling Digital Growth: Malaysia Launches MDAG 2023 to Drive Innovation and Job Creation
The Malaysia Digital Economy Corporation (MDEC) has opened applications for the Malaysia Digital Acceleration Grant (MDAG) 2023, aimed at propelling the growth of digital and technology companies in Malaysia. The grant supports the national strategic initiative to position Malaysia as the digital hub of ASEAN and create high-value job opportunities, while fostering innovation and investment in the digital ecosystem. 14 July 2023...
Amazon Prime Day Drives Impressive U.S. Online Sales Growth Amidst Inflationary Pressures
U.S. online sales during Amazon’s Prime Day event surged by 6.1% to $12.7 billion, despite inflationary pressures impacting consumers. Deep discounts on products like toys and appliances attracted shoppers looking for bargains, even as rising rental costs, mortgage rates, and food prices constrained non-essential purchases. Amazon.com’s annual Prime Day shopping event witnessed a significant boost in U.S. online sales, as...
Global Venture Capital Firm Antler Partners with Khazanah to Boost Malaysian Startup Ecosystem
Global venture capital firm Antler has partnered with Khazanah, the sovereign wealth fund of Malaysia, to bolster the Malaysian startup ecosystem. The collaboration aims to provide Malaysian entrepreneurs and startups access to Antler’s global platform, enabling them to establish themselves as prominent companies internationally. Antler, a prominent global venture capital firm, has announced a strategic partnership with...
MYStartup NXT Sarawak Empowers Entrepreneurs for an Inclusive and Sustainable Startup Ecosystem in Southeast Asia
MYStartup NXT Sarawak, a groundbreaking micro-conference series organized by MOSTI and Cradle Fund Sdn Bhd, brings together aspiring entrepreneurs, startups, and industry experts to foster inclusivity and sustainability in Malaysia’s startup ecosystem. With a focus on Sarawak, the event highlights the state’s untapped potential as a strategic business hub in Southeast Asia, showcases its technological advancements, and...
Sapphire Venture to Infuse $1 Billion into AI Enterprise Startups, Driving Global Adoption
Sapphire Venture, under the leadership of President Jai Das, intends to invest over $1 billion in AI enterprise startups, strengthening the global adoption of this transformative technology. With a strong commitment to supporting AI companies, Sapphire Venture plans to build internal infrastructure to ensure their success. 11 July 2023 – Sapphire Venture, led by President Jai Das, unveiled plans to invest over $1 billion in AI...
Indonesian Agritech Startup EFishery Reaches Unicorn Valuation of $1.4 Billion with Successful US$200 Million Funding Round
Indonesian agritech startup EFishery has become a unicorn with a valuation of US$1.4 billion after securing US$200 million in a Series D funding round led by 42XFund. The funding will support EFishery’s expansion plans in Indonesia and India, with the company aiming for an IPO in the US or Indonesia within the next two years. 10 July 2023 – EFishery, a pioneering agritech startup based in Indonesia, has achieved unicorn...
iMotorbike Raises RM12 Million in Series A Funding Round to Drive Expansion and Foster Sustainability in Motorcycle Trading
iMotorbike, a leading secure marketplace for preowned motorcycles, has raised RM12 million (US$2.6 million) in its recent Series A funding round. Led by Gobi Partners and Ondine Capital, the funding will support the company’s expansion plans, technology advancements, and commitment to sustainability in the two-wheeler market. 10 July 2023 – iMotorbike, the leading secure marketplace for buying and selling preowned...
Malaysia’s E-Commerce Income Surges with 10.4% Year-on-Year Growth, Propelled by Manufacturing and Services Sectors
Malaysia’s e-commerce income experienced a remarkable 10.4% year-on-year growth in Q1 2023, reaching RM291.7 billion, primarily driven by the manufacturing and services sectors. The government’s initiatives, aimed at promoting e-commerce and enhancing communication infrastructure, contributed to the impressive growth. The Covid-19 pandemic, while negatively impacting the overall health and economy, acted as a catalyst for...
Mranti and Leave a Nest Collaborate to Empower Startups Expanding into Japan through the Global Market Fit Programme
The Malaysian Research Accelerator for Technology and Innovation (Mranti) and Leave a Nest have joined hands to support high-growth startups expanding into Japan through the Global Market Fit Programme (GMP), offering workshops, mentorship, and strategic guidance for localization and market entry. Startups with intellectual property registered in Malaysia or majority Malaysian ownership across various sectors can participate in the...
