{"id":13565,"date":"2024-04-22T14:58:08","date_gmt":"2024-04-22T06:58:08","guid":{"rendered":"https:\/\/www.mydigital.gov.my\/?p=13565"},"modified":"2024-04-22T15:17:14","modified_gmt":"2024-04-22T07:17:14","slug":"kl20-summit-2024-government-rolls-out-comprehensive-initiatives-to-make-kuala-lumpur-a-top-20-global-startup-hub","status":"publish","type":"post","link":"https:\/\/www.mydigital.gov.my\/bm\/kl20-summit-2024-government-rolls-out-comprehensive-initiatives-to-make-kuala-lumpur-a-top-20-global-startup-hub\/","title":{"rendered":"KL20 Summit 2024: Government Rolls Out Comprehensive Initiatives to Make Kuala Lumpur A Top 20 Global Startup Hub"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"13565\" class=\"elementor elementor-13565\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3d042da main-page-title e-flex e-con-boxed e-con e-parent\" data-id=\"3d042da\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;background_motion_fx_motion_fx_scrolling&quot;:&quot;yes&quot;,&quot;background_motion_fx_translateY_effect&quot;:&quot;yes&quot;,&quot;background_motion_fx_translateY_speed&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:4,&quot;sizes&quot;:[]},&quot;background_motion_fx_translateY_affectedRange&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:{&quot;start&quot;:0,&quot;end&quot;:100}},&quot;background_motion_fx_devices&quot;:[&quot;desktop&quot;,&quot;tablet&quot;,&quot;mobile&quot;]}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-0d6c836 e-con-full e-flex e-con e-parent\" data-id=\"0d6c836\" data-element_type=\"container\" data-settings=\"{&quot;position&quot;:&quot;absolute&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0ec5547 elementor-widget elementor-widget-ld_particles\" data-id=\"0ec5547\" data-element_type=\"widget\" data-widget_type=\"ld_particles.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\t\t<div class=\"ld-particles-container pos-rel w-100   lqd-particle-618b615377878\">\n\t\t\t<div class=\"ld-particles-inner lqd-overlay pointer-events-none\" id=\"lqd-particle-618b615377878\" data-particles=\"true\" data-particles-options='{\"particles\":{\"number\":{\"value\":25},\"color\":{\"value\":[\"#FDA44C\",\"#604CFD\",\"#0FBBB4\",\"#F85976\"]},\"shape\":{\"type\":[\"circle\"]},\"opacity\":{\"value\":1},\"size\":{\"value\":4},\"move\":{\"enable\":true,\"direction\":\"none\",\"out_mode\":\"bounce\"}},\"interactivity\":[],\"retina_detect\":true}'><\/div>\t\n\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4bab129 e-con-full e-flex e-con e-parent\" data-id=\"4bab129\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-36b9f2e elementor-widget elementor-widget-hub_fancy_heading\" data-id=\"36b9f2e\" data-element_type=\"widget\" data-widget_type=\"hub_fancy_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\t\t<div id=\"ld-fancy-heading-69d8ccd4b5981\" class=\"ld-fancy-heading pos-rel\">\n\t\t\t<h2 class=\"ld-fh-element d-inline-block pos-rel  elementor-heading-title lqd-highlight-classic lqd-highlight-grow-left h2\"  > KL20 Summit 2024: Government Rolls Out Comprehensive Initiatives to Make Kuala Lumpur A Top 20 Global Startup Hub<\/h2>\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-11b8fcae page-breadcrumb e-flex e-con-boxed e-con e-parent\" data-id=\"11b8fcae\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-402381a0 page-breadcrumb e-flex e-con-boxed e-con e-parent\" data-id=\"402381a0\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-250395c5 elementor-widget elementor-widget-ld_breadcrumb\" data-id=\"250395c5\" data-element_type=\"widget\" data-widget_type=\"ld_breadcrumb.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"lqd-breadcrumb-wrapper\"><nav role=\"navigation\" aria-label=\"Breadcrumbs\" class=\"breadcrumbs\"><ol class=\"breadcrumb reset-ul inline-nav inline-ul comma-sep-li\"><li class=\"breadcrumb-item active\"><a href=\"https:\/\/www.mydigital.gov.my\/bm\" rel=\"home\"><span>Laman Utama<\/span><\/a><\/li><\/ol><\/nav><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-91de357 e-flex e-con-boxed e-con e-parent\" data-id=\"91de357\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-1842677 e-con-full e-flex e-con e-parent\" data-id=\"1842677\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3131ce1 elementor-widget elementor-widget-hub_fancy_heading\" data-id=\"3131ce1\" data-element_type=\"widget\" data-widget_type=\"hub_fancy_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\t\t<div id=\"ld-fancy-heading-69d8ccd4b7f13\" class=\"ld-fancy-heading pos-rel\">\n\t\t\t<h4 class=\"ld-fh-element d-inline-block pos-rel  elementor-heading-title lqd-highlight-classic lqd-highlight-grow-left h4\"  > <b>\nKL20 Summit 2024: Government Rolls Out Comprehensive Initiatives to Make Kuala Lumpur A Top 20 Global Startup Hub<\/b>  \n<\/h4>\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-27482ce elementor-widget elementor-widget-text-editor\" data-id=\"27482ce\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<strong>Kuala Lumpur, Malaysia \u2013 22 Apr 2024<\/strong> &#8211; The Malaysian Government aims to propel Kuala Lumpur into the ranks of the top 20 global startup hubs by 2030. The current challenges for startups in Malaysia are accessing funding, navigating regulatory barriers and attracting top talent. \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-87b35ee elementor-widget elementor-widget-text-editor\" data-id=\"87b35ee\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tHence, the government organised the KL20 Summit 2024 at Kuala Lumpur Convention Centre on 22-23 April, with the aim of stimulating Malaysia&#8217;s startup scene. \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b463458 elementor-widget elementor-widget-text-editor\" data-id=\"b463458\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tThe summit, spearheaded by the Ministry of Economy, showcased how the government is rolling out supportive policies, plans to grow the talent pool and nurture a vibrant entrepreneurial ecosystem. KL20 featured 10 marquee initiatives launches and 50 expert speakers. \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4e0d09a elementor-widget elementor-widget-text-editor\" data-id=\"4e0d09a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<span style=\"text-decoration: underline;\"><b>KL20 Action Paper and Highlights<\/b><\/span><br><br>\nAt the event, Dato\u2019 Seri Anwar Ibrahim, Prime Minister of Malaysia launched the KL20 Action Paper, a comprehensive roadmap outlining tangible reforms to achieve convergence among key stakeholders \u2013 founders, venture capitalists, talent, incubators and accelerators, to propel Malaysia&#8217;s startup tech sector to new heights. \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5487886 elementor-widget elementor-widget-text-editor\" data-id=\"5487886\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\u201cThe KL20 Action Paper looks into the bigger picture of driving structural transformation of the Malaysian economy into a high-income nation. There is a need to reduce the current economic dependency on large corporations, shift the economy towards innovative sectors and increase the proportion of high-skilled workers. Hence, building Malaysia\u2019s startup ecosystem is a key solution,\u201d said Rafizi Ramli, Minister of Economy. \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e6a9ed4 elementor-widget elementor-widget-text-editor\" data-id=\"e6a9ed4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\u201cKL20 aims to make Malaysia a choice destination for global top talents and high-potential, scalable startups by creating an enabling business environment,\u201d added Rafizi. \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fe840da elementor-widget elementor-widget-text-editor\" data-id=\"fe840da\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tThe summit serves as a platform for discussion centrepieces by converging government decision-makers, unicorn founders, billion-dollar funders and thinkers in Kuala Lumpur, making it a centrepiece for discussion, debate and deal-making. \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cb602fe elementor-widget elementor-widget-text-editor\" data-id=\"cb602fe\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tThe KL20 summit also witnessed the introduction of a holistic set of marquee initiatives that aim to make talent access easier (Visa Green-laning), make investing and deal-sourcing more regular (VC Golden Pass) and make AI infrastructure more mature (Graphical Processing Units installation). \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a534099 elementor-widget elementor-widget-text-editor\" data-id=\"a534099\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<span style=\"text-decoration: underline;\"><b>Movers and Shakers<\/b><\/span><br><br>\n\nThe event featured speakers such as Gobind Singh Deo, Minister of Digital, and an impressive line-up of international speakers and panellists. Among them were industry pioneers such as Jenny Lee, Senior Managing Partner of Granite Asia; Carl Pei, CEO of Nothing; Wener Vogels, Chief Technology Officer of Amazon; G\u00e9raldine Andrieux Gustin, Founder and CEO of DeepTech and The Hive; and Dr Qi Bin, Deputy Chief Investment Officer of China Investment Corporation. They delved into factors shaping the future of entrepreneurship and innovation. \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3ec6d49 elementor-widget elementor-widget-text-editor\" data-id=\"3ec6d49\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tWith a keen focus on fostering a dynamic startup ecosystem, the summit attracted startups and investors from across the globe, creating a platform for collaboration, investment and growth. \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-de1a1ec elementor-widget elementor-widget-text-editor\" data-id=\"de1a1ec\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<span style=\"text-decoration: underline;\"><b>Government Initiatives<\/b><\/span><br><br>\n\n\u201cThe government will launch the Single Window Initiative under the Ministry of Science, Technology and Innovation to help Malaysia\u2019s startup ecosystem by simplifying procedures and consolidating resources within a unified platform,\u201d said Chang Lih Kang, Minister of Science, Technology and Innovation.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6971081 elementor-widget elementor-widget-text-editor\" data-id=\"6971081\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t&#8220;The Single Window Initiative supports the three main targeted stakeholders &#8211; startup founders, investors and tech talents &#8211; by dismantling bureaucratic obstacles, expediting approvals and empowering entrepreneurs to navigate the startup landscape more efficiently. This is crucial for boosting Malaysia\u2019s innovation scene towards achieving KL20\u2019s goals,&#8221; Chang highlighted. \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0e916b5 elementor-widget elementor-widget-text-editor\" data-id=\"0e916b5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tThe government has also developed the Malaysian Startup Ecosystem Roadmap (SUPER) which serves as a blueprint to propel the country\u2019s startup ecosystem to new heights as a regional hub. SUPER was established to identify key areas of focus and action to drive the expansion and development of the startup ecosystem in Malaysia, addressing critical areas like talent development, funding accessibility, ensuring market access, and driving innovation in technology and social impact. \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d8bde0c elementor-widget elementor-widget-text-editor\" data-id=\"d8bde0c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<span style=\"text-decoration: underline;\"><b>Conclusion<\/b><\/span><br><br>\n\nKL20 highlights Malaysia&#8217;s potential as a conducive environment for startups, particularly in key sectors such as semiconductors and integrated circuit design, fintech, e-commerce, manufacturing and automation, agritech, cleantech and Islamic finance.\n \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c06d91c elementor-widget elementor-widget-text-editor\" data-id=\"c06d91c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tBy fostering innovation, collaboration and investment, Malaysia aims to not only become a top 20 global startup ecosystem by 2030 but also to position itself as a leading centre for entrepreneurship and innovation in ASEAN by shifting from a low-cost, commoditised industrial base to an economy based on technology. \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e4e30a9 elementor-widget elementor-widget-text-editor\" data-id=\"e4e30a9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><b>For more information, log on to <a href=\"https:\/\/www.kl20.gov.my\" target=\"_blank\" rel=\"noopener\">https:\/\/www.kl20.gov.my<\/a><\/b><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6d836bb elementor-widget elementor-widget-text-editor\" data-id=\"6d836bb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: center;\">-Ends-<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-99e225e elementor-widget elementor-widget-text-editor\" data-id=\"99e225e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<span style=\"text-decoration: underline;\"><b>About KL20 Summit 2024<\/b><\/span><br><br>\n\nThe KL20 Summit 2024 is a premier event aimed at propelling Kuala Lumpur into the ranks of the top 20 global startup hubs by 2030. Organised by the Ministry of Economy Malaysia, the summit brings together startups, investors and industry leaders to foster innovation, collaboration and growth in Malaysia&#8217;s startup ecosystem. \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ee49834 elementor-widget elementor-widget-text-editor\" data-id=\"ee49834\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tThe KL20 Summit 2024 is supported by CGS International, Bloomberg, K3 Ventures and Founders Forum Group. \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>KUALA LUMPUR, 17 July 2023 \u2014 MyDIGITAL Corporation and Microsoft recently concluded their joint skilling pilot program through the MyDIGITAL<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"class_list":["post-13565","post","type-post","status-publish","format-standard","hentry","category-27"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - 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