More tech startups to benefit from Johor-Singapore Special Economic Zone: Malaysia Deputy Tech Minister
More new businesses will be established in Malaysia as a result of the creation of the Johor-Singapore Special Economic Zone (JS-SEZ), particularly in the southern state of Johor, which is closest to Singapore.
According to the national news agency Bernama, Deputy Minister of science, technology, and innovation Mohammad Yusof Apdal expressed confidence that the JS-SEZ’s creation will be crucial in assisting the Ministry of Science, Technology, and Innovation (MOSTI) in reaching its goal of launching 5,000 new businesses by the end of 2025.
“Today we see Johor as a state that is very strategic towards the development of startups in our country.
“To date, we have 3,000 startups and, as I have said, it helps with a strategic location close to Singapore, a fast-growing ecosystem, driven by strategic positioning and proactive government initiatives.
“Johor is a strategic gateway for startup companies, so hopefully more startups will take the opportunity to come and start business in Johor,” he told reporters after officiating at the MYStartup NXT Johor Micro Conference at Sunway Hotel on Thursday.
He stated earlier in his speech that Johor has gained international recognition for its economic achievements.
“In the StartupBlink’s Global Startup Ecosystem Index Report, Johor Bahru made an impressive leap, surging 404 places and securing a spot among the top 600 cities worldwide in 2023.
“In Southeast Asia, Johor Bahru moved up nine places to 13th spot, thus retaining its position as the third most vibrant ecosystem in Malaysia.
In keeping with the ministry’s Malaysia Startup Ecosystem Roadmap (SUPER) 2021–2030, he continued, MYStartup NXT is a component of the MYStartup initiative.
The national objectives of creating 5,000 startups by 2025 and making Malaysia one of the top 20 global hubs for the startup ecosystem by 2030 are also furthered by the MYStartup initiative.
