Best time to invest in startups, more money to Penjana Kapital To be a digital nation, coding must be fixture of national curriculum The time has arrived again for us to discuss the national budget and in this case, its implications on the innovation and entrepreneurship sector in Malaysia. Over the last few years we have seen some really meaningful programmes come to bear which I believe have had a nett positive impact on the digital economy. Examples of such innovations include the SME Digitisation Grant, e-Wallet Credits for B40, commercialisation grants for Startups and Dana Penjana.
To be a digital nation, coding must be fixture of national curriculum
This year, however, while we are dealing with macroeconomic headwinds, is a great time to invest in the future which will yield results in the years to come. My expectation is to see significant allocations for capacity building, broad based digital adoption and facilitation of investment capital in the market.1. Access to digital solutions for the rakyat
Infrastructure in rural areas needs to be further prioritised using JENDELA. It's good to see that 4G coverage is at 92.3% as of Q1 this year. We now need to expedite the roll out for 5G in our country lest we be left behind in the race for 5G solutions and applications.I hope that we see an increase in allocation of the SME Digitisation Grant in this upcoming budget. In the last budget US$43.13 million was allocated.
From a defensibility standpoint this will ensure that we are not dependent on foreign technical talent. We also need to be able to hire top talent from abroad should local talent be lacking while we build our own bench of technical talent. We hope to see subsidies for technology firms to hire top tier talent from around the world.
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