KUALA LUMPUR, Oct 11 — The Ministry of Science, Technology and Innovation is developing a Startup Development Roadmap with the target of creating 5,000 companies including five unicorn startups by 2025, Dewan Negara was told today.Minister Datuk Seri Dr Adham Baba said Mosti would also set up a comprehensive platform known as MyStartup by the end of the year to boost the development of startups in Malaysia.
Dr Adham said home-grown unicorn company, Carsome Malaysia, which had received RM14 million in funding from Mosti through MAVCAP Berhad, has also received funding from various venture capital agencies such as 500 Startups and Gobi Partners that allows it to penetrate and expand its network into regional markets such as Indonesia, Thailand and Singapore.