MYStartup NXT continues with the Penang chapter as its third stop, to foster a culture of innovation, inclusivity and sustainability within the startup ecosystem in Malaysia. This micro-conference series by MYStartup seeks to ensure that every Malaysian, regardless of their background, has equal access to the opportunities and resources needed to succeed in their startup journey. This vision aligns with the Malaysia Startup Ecosystem Roadmap 2021 – 2030 spearheaded by the Ministry of Science, Technology and Innovation (MOSTI), which emphasises the importance of a welcoming startup environment to stimulate a robust economy and a brighter future for all Malaysians.

Addressing the challenges faced by Malaysian startups such as limited access to resources, MYStartup NXT aims to raise awareness about the accessible resources and ensure equitable access for all local startups throughout Malaysia. By taking this innovative approach, MYStartup is ensuring that startups in both urban hubs and more remote areas have equal access to the proportional support that they need to succeed. Providing a shared platform that fully connects the startup community through the wealth of knowledge will help break down barriers and eliminate geographical restrictions within the region.

“As we embark on this journey with a series of hyperlocalised conferences spanning the nation, we are committed to addressing the needs of the three foundational pillars of a thriving startup ecosystem: founders, investors and developers,” said Ahmad Kashfi Alwi, Senior Vice President of Ecosystem Development, Cradle.

Ahmad Kashfi Alwi, Senior Vice President of Ecosystem Development, Cradle

He also noted, “Penang currently stands as a strong force within the northern region and has a rapidly growing entrepreneurial landscape with its own unique dynamics. Together with our valued partners and stakeholders, we have curated this event to cater to the specific needs of Penang’s entrepreneurial dynamics shaped by collaboration and specialisation. MYStartup NXT is about levelling the playing field and equally providing startups in every region with the same set of tools, knowledge, and connections that they need to thrive. Our collective aim is to position Malaysia as a vibrant regional hub for innovation and entrepreneurship, and every state in its own uniqueness is a vital part of that vision.”

The two-day NXT Penang event was packed with insightful sessions, panel discussions, networking opportunities, and valuable resources designed to equip startups with the knowledge and connections they need to thrive. Attendees had the opportunity to gain insights from accomplished entrepreneurs, investors and industry experts. NXT Penang featured a diverse range of topics, including funding strategies, product development, marketing and scaling strategies. NXT Penang kickstarted Day 1 strong with a panel session on ‘Unveiling New Possibilities: Navigating the Realm of Fintech in an AI-Centric Universe’, which saw attendees picking up tips and ways of adapting to the times when it comes to optimising the use of AI for their startups.

The day continued with a series of presentations, dialogues and spotlight sessions with seasoned figures from respective industries, which covered relevant topics such as alternative funding, the next generation of tech talents, cloud adoption, leveraging mobile gaming and aligning deep tech with global markets.

“We are excited to welcome MYStartup NXT to Penang as it aligns perfectly with our mission to accelerate efforts to help grow startups in our region. The collaboration between MYStartup and the State of Penang underscores our commitment to fostering a vibrant entrepreneurial landscape. Together, we aim to create a more inclusive and innovative ecosystem that empowers startups and entrepreneurs across Penang, ensuring that they have the tools and opportunities they need to succeed,” said Ng Kwang Ming, CEO of Digital Penang.