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Has Covid pandemic fuelled Malaysia’s startup ecosystem?

August 8, 2021
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Has Covid pandemic fuelled Malaysia’s startup ecosystem?
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IT goes without saying that the Covid-19 pandemic has disrupted global businesses, from transportation and logistics to education and healthcare.

Despite business disruptions, globally there was a surge of new ideas and young startups who adapted quickly to the pandemic and found themselves in the mainstream marketplace in a very short span of time.

The US, the UK and Japan reported that new business registrations increased by 95%, 30% and 14% respectively in 2020 as compared to the same period in 2019. The number of startups in the technology industry grew by 20% compared to 2019, with growth rates peaking in the last quarter of 2020.

A similar trend can also be seen in Malaysia where new businesses are starting to emerge across various sectors including F&B, logistics, e-commerce, mental health, healthcare, and fintech, as a result of the pandemic.

The need for entrepreneurs and…

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