KPMG Malaysia will be collaborating with the Malaysia Digital Economy Corporation in an effort to spur the next company into a national unicorn by 2025.
This latest collaboration draws KPMG’s support towards MDEC’s Founders Centre of Excellence (FOX) program, guided by the new strategic initiative of Malaysia Digital. Through this collaboration, the big 4 will provide customised consulting and advisory support covering areas such as market insights, technology update risk management, governance, regulatory compliance, and more, depending on the needs of the company.
Mahadhir Aziz, CEO of MDEC ” the objective is to grow five unicorns out of Malaysia by 2025 by focusing on a 2-pronged strategy, namely capability building and enhancement programs for all tech founders. We are confident that MDEC’s collaboration with KPMG will benefit the 20 startups by providing them with the right knowledge, tools and support that will enrich their business growth journey.
The FOX program sits under the new national strategic initiative, Malaysia Digital, which seeks to grow the digital capacities and capabilities of the nation as well as raise the overall ecosystem value, so as to accelerate the growth of the digital economy in establishing Malaysia as the digital hub of ASEAN.
The shortlisted companies participating in the FOX program are those that are privately held in Malaysia and have demonstrated a strong growth track record measured by having revenue above RM20 million or raised Series A or have a strong 3-year growth track record. The collective goal is to nurture the progress of these startups over the next two years so they can scale their business and ultimately deliver lasting economic impact for Malaysia in the form of high skill, high value jobs creation, revenues, and exports.
