Harmender Singh, Cradle Vice President of SUPER PMO (second from right), and Dr. Melissa Foo, VP of MBAN (far right).
By Digital News Asia March 25, 2023Early-stage focus to support increased interest among young talentDigital Penang signed a MoU with Malaysian Business Angels Network to boost the growth and success of early-stage tech startups in Penang. The MoU outlines key areas of collaboration including identifying promising startups, providing mentorship and access to funding, and creating opportunities for networking and collaboration.
MBAN brings a wealth of experience, expertise, and resources that will be invaluable in connecting startups with the right investors, mentors and opportunities for collaboration with corporate members. Coupled with Digital Penang’s access to more than 100 startups in Penang in Fintech, EdTech, IoT, E-Commerce, Aqua and Agritech, Marketing Tech and Health Tech, the collaboration hopes to create a cohesive ecosystem for startups.
"We are excited to partner with MBAN to create a vibrant and dynamic startup ecosystem that drives innovation, creates jobs, and makes a positive impact on society," said Ts. Ng Kwang Ming, CEO of Digital Penang."Through this partnership, we hope to create a virtuous cycle of growth and success for startups, providing the vast number of startups in the state with local and global opportunities in order to succeed.
"MBAN and Digital Penang have a shared vision in creating a thriving startup ecosystem, and we believe that our network will be a solid backbone for early-stage startups seeking financial and mentorship support. This partnership will facilitate cross-collaboration, allowing both parties to leverage their strengths and resources to create mutually beneficial outcomes contributing to Penang’s economic growth.
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