Malaysia seeks to become Asia's Silicon Valley with government backing for 4,000 startups.

Malaysia aims to transform into Asia's Silicon Valley, receiving government support for 4,000 startups. Post-political turmoil, the nation is seeking tech growth with financial backing and incentives for foreign ventures. The government plans to leverage its resources and existing tech industry to nurture 5,000 local startups and five unicorns by 2025, including backing from a $27.6 billion sovereign fund.

2 months ago
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