KUALA LUMPUR: Kuala Lumpur City Hall has signed a 'start-up city connect' collaboration with the Hangzhou Municipal People's Government.
Prime Minister Datuk Seri Anwar Ibrahim said the city-to-city connection was aimed at making Malaysia a true gateway for the economy, "so that capital, talent and market access will no longer be barriers to success."
"We are positioning Malaysia as an axis for leaders in semiconductors, clean energy, agro-tech, and Islamic fintech (financial technology).
"Doubling down on our efforts to add higher value is necessary to create new growth verticals and transform our futures," he said in his speech at the launch of the KL20 Summit 2024.
He said cities in Asia that will collaborate as innovation twin cities in the areas such as accelerated business set up, regulatory harmonisation as well as increased connectivity and mobility.
Inter-city collaborations, he said, was one of the collaborations, which reflected the continuing trend of confidence from investors in all parts of the start-up ecosystem, that will give a real chance for Malaysia to create cutting edge technology ventures.
The Letter of Intent (LOI) was signed by Kuala Lumpur mayor Datuk Seri Kamarulzaman Mat Salleh and Hangzhou deputy mayor Chen Jin during the launch of the summit today.
A total of 25 entities were involved in the signing of LOIs today, with other firms comprising of sovereign wealth funds, venture capital firms and high-tech companies.
