To create sustainable startup ecosystem, MYStartup NXT launched by Malaysian Govt

A series of micro-conferences called MYStartup NXT was launched on Tuesday by the Malaysian Ministry of Science, Technology, and Innovation (MOSTI) through Cradle Fund Sdn. Bhd. (Cradle) as part of the country’s efforts to develop an inclusive, significant, and long-lasting startup ecosystem.

According to a statement from Cradle, the MYStartup roadshow initiative is being continued through this series of micro-conferences.

MYStartup NXT will begin in Cyberjaya and travel the length of the nation, stopping in Sarawak, Penang, and Sabah before coming to an end.

In Malaysia, local startups are encouraged to participate in the micro-conferences in order to gain access to the benefits and support of the startup ecosystem and scale to the next level.

Given that Kuala Lumpur is already one of the top 25 emerging ecosystems globally and that MYStartup is on a mission to create over 5,000 high-quality startups by 2030, there is enormous potential for other regions of Malaysia that must be realized.

“MYStartup NXT is part of the government’s effort to cultivate accessible innovation and support long-term startup development, in line with Malaysia MADANI’s aspirations, one of which is to build an innovative and high-tech nation,

“Thus, the launch of the MYStartup Annual Report today will assist the government to realise these aspirations through high-impact programs,” said Minister of Science, Technology, and Innovation Chang Lih Kang.

Ahmad Kashfi Alwi, Senior Vice President of Ecosystem Development at Cradle, claims that the MYStartup NXT series will enable, grow, and ensure that each local startup community in the nation.

“Whether from the Klang Valley, Northern or Southern region, East Coast or even East Malaysia, they do not miss out on receiving benefits from programs organized by MYStartup,

“MOSTI through Cradle reaffirm the commitment to create an ever-sustainable ecosystem that is inclusive, to see all local startups flourish and scale at a competitive level,” he added.

The MYStartup Program is a component of the Malaysian Startup Ecosystem Roadmap (SUPER), which has been mandated to ensure that this strategy benefits the startup ecosystem as a whole. The cradle is the focal point agency for the startup ecosystem.

Additionally, this effort supports MOSTI’s goal of 5,000 start-ups and the creation of five unicorn companies by 2025.