Kuala Lumpur, 28 September: Gobind Singh Deo, Minister of Communications and Multimedia expressed his happiness to see newly established businesses (startups) growing faster in Malaysia.
“I am extremely happy to hear that Malaysian Startups are accelerating faster than ever.
“We hope that they become a significant contributor to our nation’s GDP and growth, and also become a significant type of business that employs and cultivate cutting edge talent and become a key source of employment,” said the minister while officiating the Malaysia Rice Bowl Startup Awards 2018 here yesterday.
Organized by the New Entrepreneurs Foundation Malaysia (myNEF) and now into its fourth year, the Malaysia Rice Bowl Startup Awards is a platform for recognizing young startups.
The awards celebrate rising tech entrepreneurs in various categories of excellence ranging from retail, media, digital, tech, products, services and innovative campaigns to women and social enterprises.
myNEF believes businesses can grow fast and be sustainable when they harness technology and knowledge.
It plays a significant role in bridging industry players and the government, working closely with various agencies and government-related organisations to support existing and upcoming entrepreneur development programmes.
Chief Executive Officer of myNEF, Lilyana Abdul Latiff said: “With over 50 nominations for Founder of the Year, and over 70 nominations for Startup of the Year at this year’s Rice Bowl Startup Awards, I think Malaysia’s Tech Startup Ecosystem has matured rapidly in the past 3 years.”
“It is a testament to the developmental investments and programmes by the Malaysian government, private sector support and independent initiatives.
“For a modest market size, we should be on track to produce Malaysian-based ‘Unicorns’ within the next few years,” Lilyana added- Malaysia World News