PETALING JAYA: Malaysia aims to register 5,000 new startup companies by the end of this year, says science, technology and innovation minister Chang Lih Kang.
He said the target is in line with the Malaysia Startup Ecosystem Roadmap (Super) 2021-2030 and noted that there are 4,415 startups registered.
“We are on track and are close to our target but, of course, we hope we can achieve more,” he told reporters after the launch of Versa Quests, a feature in the Versa app, a digital wealth management platform, today.
Chang said in order to further support the growth of homegrown startups like Versa, the ministry is committed to assist companies by providing coaching to connect them with potential investors and customers.
He said the ministry offers grants, including CIP Spark and CIP Sprint, through Cradle Fund to eligible companies.