Startup research and advisory firm Startup Genome and the Malaysia Digital Economy Corporation have announced a partnership to boost the growth of the country’s startup ecosystem, starting with Kuala Lumpur.
An official statement said that Startup Genome will perform its startup ecosystem assessment to identify policies and initiatives to support the potential of Malaysia’s startups and the wider innovation ecosystem as part of the partnership.
Startup Genome will engage the country’s startup founders along with investors, policy leaders, and other key stakeholders for inputs.
JF Gauthier, Founder, and CEO of Startup Genome. “We look forward to working closely with the startup community to bring the benefits of the Fourth Industrial Revolution to the Malaysian startup economy. Malaysia certainly has the potential to be a regional and world leader in multiple startup sub-sectors.”
Also Read: MDEC partners 9 Digital Transformation Lab for tech enabling support
Startup Genome is the research and policy advisory organization for governments with a commitment to accelerating startup ecosystems in a country. It claims to have more than 100 clients across five continents in 38 countries.
Malaysia’s ecosystem reported a digital economy that contributed to 18.5 per cent of GDP in 2018. Its internet economy was valued at US$8 billion with growth rates at an average of 19 per cent between 2015 to 2018.
Malaysia’s numbers are reflective of ASEAN’s internet economy hitting US$100 billion in 2019 and expected to grow to US$300 billion by 2025.
“Malaysia is an ideal place to testbed and launch tech startups due to its cultural and demographic diversity as well as its business-friendly environment. The government also continues to play an active role in supporting startups and entrepreneurs,” said Surina Shukri, CEO of MDEC.
“This partnership between our two organisations will build on the momentum established by MDEC. We are confident that Startup Genome’s insights and track record in space will help us to realise our startups’ potential and firmly establish Malaysia as the Heart of Digital ASEAN,” she added.
–
Photo by Omar Elsharawy on Unsplash
The post Startup Genome, MDEC partner to boost Malaysia’s startup ecosystem, focussing on policy action appeared first on e27.