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40% of startups may fold if Covid-19 prolongs till Raya, says survey

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The Malaysian Global Innovation and Creativity Centre says most startups need financial aid. FMTNews CMO Covid19

The survey involved those from various industries, including education, IT solutions and food & beverages.

The survey saw some 239 respondents from various industries, including education, IT solutions and food & beverages. MaGIC chief executive officer Dzuleira Abu Bakar also said 77% of those surveyed were heavily impacted by the movement control order , particularly those in the education, food and beverages, digital and IT solutions, media, merchandising and tourism industries.A pie chart of the survey.

She went on to say that while the majority surveyed wanted some form of financial assistance to tide over the economic uncertainty, 20.1% highlighted a need for assistance in marketing, business matching and market access, as well as capacity or capability-building programmes.

Source: Tech Daily Report (techdailyreport.net)

 

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