TLDR:
– KL20 Summit 2024 aims to boost Malaysia’s position as a hub for start-ups and venture capitalists
– The summit will feature radical initiatives and a focus on attracting global start-up founders
The KL20 Summit 2024, announced by Economy Minister Rafizi Ramli, plans to elevate Kuala Lumpur into the top 20 global start-up hubs by 2030. Currently ranked 47th globally, the summit aims to propel Malaysia as a hub for start-ups and venture capitalists. Prime Minister Datuk Seri Anwar Ibrahim is set to launch the KL20 action paper, which outlines reforms to enhance Malaysia’s start-up tech sector.
According to Rafizi, the summit will focus on building the start-up pipeline from various perspectives, including funders, founders, and talent. The event aims to attract international investors and start-ups, with over 1,000 participants expected to attend. Key industry leaders like Jenny Lee and Geraldine Andrieux Gustin will discuss factors shaping the future of entrepreneurship and innovation.
Rafizi also highlighted a shift in strategy, moving from a focus on homegrown start-ups to attracting global founders. The summit will showcase Malaysia’s potential in key sectors such as manufacturing, agritech, cleantech, and Islamic finance. For more information and registration, visit the official website.
