Kuala Lumpur is rapidly emerging as a dynamic global startup hub, blending innovation, cultural richness, and economic resilience. Startups are supported through grants, venture debt, and investments from entities including Cradle and Jelawang Capital (formally known as MAVCAP). MYStartup Platform has onboarded 4,428 active Malaysian startups to date. Coupled with a high quality of life, affordability, and a vibrant multicultural landscape, Kuala Lumpur offers a unique environment for startups to scale.
Malaysia targets the creation of 5,000 new startups by 2025, aiming to contribute 25.5% to GDP, fostering a dynamic ecosystem for innovation and growth.
Malaysia is launching MyDigital ID Superapp, a Blockchain-based ecosystem expanding its digital ID system, with a digital wallet and integrated identity management for seamless logins and mini-app services paving a path for more technological advancements in the areas of Blockchain and Data Security.
Launched with Malaysia’s National AI Office in December 2024, AI at Work was upgraded to AI at Work 2.0, which now equips 445,000 public officers with an enhanced Google Workspace Gemini suite. In October 2024, Oracle announced a $6.5 billion investment to launch Malaysia’s first public cloud region, supporting businesses in Application Modernization, Data Analytics, and AI Innovation. In 2024, Digital Ventures boosted Malaysia’s economy, securing $16.06 billion in approved Information and Communication Technology investments.
In January 2025, Malaysia and Singapore agreed to create a special economic zone in Johor to boost global investment, cross-border trade, and job creation, targeting 20,000 skilled jobs in five years across various sectors.
