KUALA LUMPUR, Oct 19 (Bernama) -- Investments in startups since the launch of KL20 in 2024 have generated total sales proceeds of RM202.64 billion, said Economy Minister Akmal Nasrullah Mohd Nasir.
Business : KL20 Startup Investments Generate RM202.64 Bln In Sales Proceeds Since 2024
KL20, Akmal Nasrullah Mohd Nasir, unicorn, ventu
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Key points
- He said investments channelled into the startup ecosystem amounted to about RM50 billion since 2024.
- Akmal Nasrullah said Malaysia aimed to attract about RM700 million in venture capital investments and add between 2,000 and 3,500 active startups by 2030 through the KL20 initiative.
- On the government’s target of producing five unicorn companies by 2030, Akmal Nasrullah said the government was still working to strengthen the startup ecosystem.
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- Bernama Business : KL20 Startup Investments Generate RM202.64 Bln In Sales Proceeds Since 2024 (this story)