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March 2024: Malaysia

Malaysian tech news in March 2024 consisted of headlines on subjects including: Startup Penang’s 8-month incubation programme, and the state’s digital creative week; Penang state’s opportunity in the global semiconductor industry; the upcoming KL20 Startup Summit in Kuala Lumpur; and more. Hit the links below to find out more on each Malaysian tech headline.

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Malaysia Venture Capital

Malaysia Venture Capital Roadmap 2024-2030 (pdf link)

  • Malaysia: An overview of the gov’t MYStartup program, and a brief look at Johor Bahru’s recent growth as a startup ecosystem in Southern Malaysia / read it here
  • Japan’s Aeon retail group to launch an app-based digital banking business in Malaysia, targeting underserved segments of the country’s financial economy / read it here
  • Malaysia: A brief intro to the 6 tech startups selected for the DiVA Digital Village Accelerator from Sarawak Digital Economy Corp’n and NEXEA / read it here
  • Malaysia: An overview of MYCRS, using IoT and RFID to address the critical issue of concrete quality in the global construction industry / read it here
  • Malaysia, and in particular Penang state, emerge as an unexpected winning destination for the global semiconductor industry as supply chains respond to geopolitical concerns / read it here
Malaysia Social Entrepreneurship Framework 2030

Malaysia Social Entrepreneurship Framework 2030

  • Malaysia: An intro to Graphjet Technology, converting palm kernels into graphite for EV batteries and commencing production in H2 2024 with carbon and cost reductions compared to synthetic graphite / read it here
  • Malaysia: MYStartup and Growth Charger accelerator unveil 26 startups selected for the MYStartup Pre-Accelerator Cohort 3 Programme / read it here
  • Malaysia: A brief intro to First Move, an early-stage startup VC fund / read it here
  • Malaysia: StartupPenang500 applications are open to April 30th for 8-month Penang-focused startup development program / read it here
  • Malaysia: Penang Digital Creative Week 2024 is approaching – applications for projects and proposals close April 26th / read it here

“In 2023, Malaysia shipped RM975 million worth of rare earths to China, making it the second-largest source of imported ore for the Asian giant behind Myanmar, according to trade statistics from Beijing.” / read it here

  • Malaysia: Applecrumby babycare brand and platform raised $4.2M from 500 Global VC firm, targeting entry to 20 news countries by year-end with distributor network development / read it here
  • Malaysia: A brief look at the recent Cradle Open Day 2024 in Kota Kinabalu, Sabah, an initiative under the Ministry of Science, Tech & Innovation Cradle Fund / read it here
  • Malaysia: More on the Sabah startup ecosystem, its challenges and opportunities / read it here
  • Consortium of Indian Industries in Malaysia and India ASEAN Startup Summit ink MOU looking to boost startup and innovation exchanges / read it here
  • Malaysia: KL20 Startup Summit set for April 22-23 in Kuala Lumpur / read it here
  • Malaysia: BlackBerry opens Cybersecurity Center of Excellence in Kuala Lumpur, alongside Cybersecurity Curriculum offering globally-recognized courses and certifications / read it here
Asia-Pacific Semiconductor Trends

Deloitte: Asia-Pacific Semiconductor Industry Trends

  • Mobile network speeds: “Asia Pacific markets saw an improvement of 5.2Mbps on average — India, Malaysia and South Korea saw the highest speed increases… of 36.1Mbps, 17.9Mbps and 14.8Mbps, respectively.” / read it here
  • A brief overview of the opportunities for Australia, Singapore and Malaysia to collaborate on addressing the various cyber issues that each nation faces / read it here
ASEAN and AI

Google Whitepaper: ASEAN and Artificial Intelligence

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