KUALA LUMPUR, April 22 — A culture that is willing to embrace risk-taking and innovation must be cultivated if Malaysian start-ups are to go far and last, Economy Minister Rafizi...
Economic minister Rafizi Ramli delivers his speech during the KL Summit 20 at Kuala Lumpur Convention Centre on 22 April 2024. — Picture by Shafwan ZaidonKUALA LUMPUR, April 22 — A culture that is willing to embrace risk-taking and innovation must be cultivated if Malaysian start-ups are to go far and last, Economy Minister Rafizi Ramli said today at the KL20 Summit 2024.
“Whereas if you had gone through it yourself as a startup founder, you know that any ecosystem that can sustainably produce unicorns must have a very strong foundation from seed and early stage,” he said in a panel discussion session titled “From Malaysia to the World: Open for Tech Business” during the summit.
That was also the reason for the government’s shift in focus from obsessing over unicorn startups to prioritising ecosystem development, he said.
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