Penang sets aside RM4.5m to grow startups, AI adoption and digital economy

The Penang government has allocated RM4.5 million in its 2027 budget to support technology startups, accelerate digitalisation among SMEs, and expand the use of AI across the state's economy. Chief Minister Chow Kon Yeow announced this in the context of strengthening the state's technology start-up ecosystem and helping businesses embrace digital transformation.

The budget allocation has already supported the creation of 310 startups and the generation of approximately 1,720 jobs. The initiative also involves a collaboration between young innovators and experienced industry players, showcasing the importance of learning across generations as Penang prepares its workforce for technological changes.

Brief written by urgent.news from Malay Mail's own syndicated text. Machine-written — may contain errors; check the original before relying on it.