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Today: September 15, 2024
April 29, 2024
1 min read

Malaysia Unicorns: New Golden Pass Boosts Startup Success


TLDR:

Malaysian startups are excited about the Unicorn Golden Pass introduced by the government, which aims to attract global unicorns and venture capitalists to the country. The initiative addresses key challenges faced by startups and is expected to boost the local startup ecosystem.

Malaysian startups are looking forward to enhanced funding and talent acquisition via the Unicorn Golden Pass.

COO of ZUS Coffee, Venon Tian, believes the initiative will push Malaysian startups to the next level by attracting leading startups and venture capitalists.

Agritech startup Qarbotech’s CEO, Chor Chee Hoe, sees the initiative as a way to attract global unicorns to Malaysia and create a vibrant startup scene.

Agmo Holdings Bhd CEO, Tan Aik Keong, mentioned that the initiative addresses key challenges faced by startups such as funding, working visas, office space, and tax rates.

Financial advisory firm VAD Capital Group’s managing director, Vivek Sasheendran, highlighted the potential media attention and publicity that Malaysia will receive with the introduction of the Unicorn Golden Pass.

Assistant professor Guanie Lim emphasized the benefits of the initiative in attracting venture capital and talent to the country, despite some scepticism about surpassing Singapore in this aspect.


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