KUALA LUMPUR, Feb 9 — Prime Minister Datuk Seri Anwar Ibrahim today stressed that the government is committed to supporting the establishment of innovative and high-growth companies through increased investment in technology companies under Budget 2023.
In a posting on his Facebook page today, Anwar said that he had conveyed the matter in a virtual discussion with founders and chief executive officers from 10 companies including Aerodyne, Carsome and Inari Amerton, yesterday.“The discussion was mainly about the great potential of start-up companies in Malaysia and the need for government policy intervention in strengthening the start-up company ecosystem, especially for financing, talent development and fiscal incentives,” he said.
The Prime Minister said Malaysia has the talent to build high-growth innovative companies which are capable of generating high-income jobs for the people. In line with the core of creativity in the Malaysia Madani vision, he said the 2023 Budget will encourage knowledge and innovation-based investments.
He also stated that government-linked investment companies including the Employees Provident Fund and Khazah will invest over RM1 billion in innovative and high-growth local start-up companies. — Bernama
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