Malaysia Aims to Crack Top 20 Global Startup Ecosystems by 2030

Malaysia targets top 20 startup ecosystem status by 2030
Government plans comprehensive approach
Challenges include changing societal mindset and ensuring capital continuity

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Ambitious goals, big challenges

Malaysia has set its sights on becoming a top 20 global startup ecosystem by 2030.

The government is taking a comprehensive approach to transform Kuala Lumpur into a thriving regional startup and digital hub.

Economy Minister Rafizi Ramli acknowledges that changing society’s risk aversion and success model poses a significant hurdle.

The country’s economy has traditionally relied on large-scale industries, making it difficult for talent to choose riskier startup careers.

Khazanah Nasional Bhd managing director Datuk Feisal Zahir emphasizes the importance of consistent capital availability for startups at all stages.

The government aims to attract diverse global talent and increase startup listings on Bursa Malaysia to measure success.