MyStartup, in collaboration with Digital Penang, continues its second NXT journey for the year in Penang.
By Digital News Asia June 26, 2024Aims to address challenges faced by Malaysian startups on their path to market
An initiative by the Ministry of Science, Technology and Innovation and spearheaded by Cradle Fund Sdn Bhd through MyStartup, the one-day micro-conference highlighted untapped opportunities in Southeast Asia’s emerging markets for startups in Penang to explore.
Ng Kwang Ming, CEO of Digital Penang, stated that Penang’s startups are at a pivotal juncture, benefiting significantly from state-driven initiatives that have cultivated a dynamic environment for innovation and growth. “Our concerted efforts with MyStartup are not only nurturing a sustainable technology startup ecosystem but are also pivotal in leading Penang’s digital transformation towards realising our vision of a Smart State by 2030.
Furthermore, attendees had the opportunity to learn more about startup funding during the ‘What’s Up Grant’ and ‘Deal Hustlers’ sessions. The former highlighted Cradle’s funding program, CIP Spark and CIP Sprint, while the latter curated and matched connections between founders and investors like Artem Ventures, Farquhar Venture Capital, First Move, and Nexea.
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