Malaysia rolls out bold plans at the inaugural KL20 Summit

News Snapshot:

Over 25 investors, companies committed to investing into startup ecosystem Khazanah's US$209m Fund-of-Funds investment in high-growth M’sian businesses Malaysia laid out an ambitious roadmap to transform itself into one of the world's top 20 startup ecosystems at the opening of the inaugural KL20 Summit today. From wooing elite Silicon Valley venture capitalists to inking billion-dollar investment commitments and even unveiling plans for a semiconductor design mega-hub, the two-day event marked an emphatic statement of Malaysia's ambitions to reposition itself as "the gateway to the East" for entrepreneurship and technological innovation. In his keynote address, prime minister Anwar Ibrahim declared that...