Malaysia has secured the 20th position in the World’s Strong Starters Ranking list, as per the Global Startup Ecosystem Report 2023. The achievement reflects the government’s efforts to foster a conducive startup ecosystem through initiatives outlined in the Malaysia Startup Ecosystem Roadmap 2021-2030 (SUPER) and active funding activities.
KUALA LUMPUR, 24 June 2023 – The Science, Technology, and Innovation Ministry (MOSTI) proudly announces that Malaysia has secured the 20th position in the prestigious World’s Strong Starters Ranking list, as revealed in the Global Startup Ecosystem Report 2023 published by Startup Genome. This remarkable achievement is a testament to the concerted efforts and strategic initiatives undertaken to cultivate a thriving startup ecosystem in Malaysia.
The success can be attributed to the implementation of the Malaysia Startup Ecosystem Roadmap 2021-2030 (SUPER), spearheaded by Cradle Fund Sdn Bhd, the designated startup coordinating agency, and the culmination of robust funding activities associated with startups. The strategic coordination among various government bodies, including the Securities Commission, has laid a solid foundation for fostering sustainable growth within the country’s startup ecosystem.
According to the Science, Technology, and Innovation Ministry, SUPER has already supported and benefited over 3,000 startups, fostering the advancement of the science, technology, innovation, and economy ecosystem. The roadmap sets an ambitious target of supporting 5,000 startups by 2025, further propelling Malaysia’s position as a leading player in the global startup landscape.
“We are delighted by Malaysia’s ranking in the World’s Strong Starters Ranking list. This achievement is a testament to the tireless efforts put forth to create an enabling environment for startups to thrive. Through strategic collaborations and initiatives outlined in SUPER, we aim to drive the growth of innovative startups and contribute to the overall economic development of Malaysia,” stated the Science, Technology, and Innovation Ministry.
With Malaysia’s commitment to nurturing a vibrant startup ecosystem, it serves as an attractive destination for entrepreneurs, investors, and stakeholders worldwide. The recognition bestowed upon Malaysia in the Global Startup Ecosystem Report 2023 reaffirms its position as an emerging hub for innovative startups. – source: bernama
