How many startup companies does Malaysia aim to create by 2025?

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Malaysia Targets 5,000 Startup Companies by 2025

Malaysia is aiming to establish 5,000 startup companies by the year 2025. This initiative is part of a broader strategy to bolster the nation's startup ecosystem and enhance the performance of local companies. The government plans to achieve this through coordinated efforts and improved policy formulation.
Single Window Initiative for Ecosystem Strengthening

A key measure to support this goal is the implementation of a single window initiative. This initiative is designed to streamline and reorganise functions, particularly concerning inter-agency collaboration within the startup ecosystem. This coordinated approach will serve as a guide for policy development and decision-making processes aimed at strengthening the startup environment.
National Digital Identity Project Acceleration

In parallel, the Council for Digital Economy and National 4th Industrial Revolution (MED4IRN) has agreed to expedite the National Digital Identity Development Project (IDN). This project, managed by the National Registration Department, will provide a digital self-identification and verification system based on biometric characteristics. The IDN aims to serve as a trusted platform for verifying individual information when accessing services.
Enhancing Public Sector Digitalisation

The government is committed to advancing its public sector digitalisation programme to ensure sustained digital progress and drive the country's overall digital transformation. The IDN is identified as a crucial initiative within Malaysia’s Digital Economy Blueprint, aligning with the Madani Economy's objective of elevating Malaysia as an Asian economic leader and improving citizen well-being.
Council for Digital Economy and National 4IR

The MED4IRN council itself plays a pivotal role in accelerating digital transformation initiatives. Composed of ministers, industry representatives, academia, and civil society organisations, the council is tasked with overseeing and expediting the implementation of strategies crucial to the nation's digital agenda.

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How many startup companies does Malaysia aim to create by 2025?

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