MYStartup, a national initiative backed by Malaysia’s Ministry of Science, Technology, and Innovation (MOSTI) and developed by Cradle Fund, has partnered with NEXEA, a venture capital and startup accelerator firm, to launch its third accelerator program. A total of 25 tech startups have been selected for this program from a pool of 60 applications representing […]

Xsolla, a global player in video game commerce, has partnered with Curine Ventures to establish the Xsolla Curine Academy (XCA) in Kuala Lumpur. The academy, facilitated by Malaysia Digital Economy Corporation (MDEC), aims to foster local talent within the gaming industry. Scheduled to open on April 18 at KL Eco City, this collaboration will support […]

Mosti is set to introduce the Single Window Initiative, a program that helps Malaysia’s startup ecosystem by simplifying procedures and consolidating resources within a unified platform. Minister Chang Lih Kang recently highlighted the initiative’s goal to eliminate bureaucratic obstacles, streamline approval processes, and empower entrepreneurs to navigate the startup landscape more efficiently. Minister of Economy […]

Malaysia Economy Minister Rafizi Ramli has announced the upcoming launch of the Kuala Lumpur 20 (KL20) blueprint, scheduled for April 22 and 23 at the Kuala Lumpur Convention Centre. The event will primarily focus on startups, aiming to bring together various stakeholders in the startup ecosystem, including investors, developers, and company owners. The KL20 Summit […]

First Move, an early-stage venture capital firm founded by Joel Neoh, the creator of Fave, and Audra Pakalnyte, the former head of FavePay Later, has recently announced its support for ten startups.  With a portfolio already spanning Malaysia, Singapore, and Indonesia, First Move specializes in early-stage investments within the consumer sector. It aims to drive […]

MYStartup is kicking off 2024 with the introduction of ‘NXT JOHOR,’ a part of its MYStartup NXT series of micro-conferences, set to take place in Iskandar Puteri, Johor. This event aims to leverage the potential of Singaporean and Malaysian startups in the state by offering strategic insights, inspiring stories, and wealth-building tools through discussions led […]

The Malaysian Economy Minister, Rafizi Ramli, has announced that the government plans to reform the country’s startup ecosystem. A proposal outlining these reforms will be presented to the Digital Economy Council by the end of July. The minister explained how the government will focus on enhancing funding and investment opportunities, particularly at the seed and […]

City University of Hong Kong has announced the launch of the HK Tech 300 Southeast Asia Start-up Competition in Kuala Lumpur, extending its successful HK Tech 300 initiative to Southeast Asia. The competition is aimed at fostering innovation and technology development in the region and supporting start-ups. The HK Tech 300 initiative is a large-scale […]

Mun Hon Ng, managing director of Malaysian private equity (PE) firm Novum Equity Partners, emphasises the importance of domain expert founders, value propositions, and scalability in determining the right startups to invest in Novum typically invests up to $5 million and checks for top-line growth and investment spend from previous funding or revenue. The firm […]