GEORGE TOWN, Nov 7 — The Penang government has allocated RM4.5 million in its 2027 budget to support technology startups, accelerate digitalisation among small and medium enterprises (SMEs) and expand the use of artificial intelligence (AI) across the state’s economy.
Chief Minister Chow Kon Yeow said the allocation is to strengthen the state’s technology start-up ecosystem and help businesses embrace digital transformation.
“In (the state’s) Budget 2027, the state government has set aside RM4.5 million for Digital Penang; it will support technology start-ups, help small and medium enterprises go digital, and use AI across our economy. The startup community supported by the initiative has already generated 310 companies and created approximately 1,720 jobs,” he said when officiating the AI Future Makers Bootcamp 2026 at SEGi College Penang here today.
