{
  "id": 13869909,
  "title": "Malaysia’s Budget 2027 hands startups US$110.4M but the bigger cheques go elsewhere",
  "url": "https://urgent.news/2026/10/12/malaysias-budget-2027-hands-startups-us-110-4m-but-the-bigger-cheques",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-12T04:17:27.000Z",
  "source": {
    "name": "e27",
    "slug": "e27",
    "url": "https://e27.co/malaysias-budget-2027-hands-startups-us110-4m-but-the-bigger-cheques-go-elsewhere-20261012/"
  },
  "original_language": "en",
  "account": "Malaysia has allocated MYR450 million (US$110.4 million) to support startups through the National Fund of Funds Jelawang Capital and Dana Perintis, according to Prime Minister Anwar Ibrahim's Budget 2027 speech. This investment targets various stages of startups, from ideation to scaling up. However, the budget emphasizes strengthening mid-tier companies and semiconductors, with MYR2.1 billion (about US$515 million) earmarked for this sector. Moreover, MYR1.2 billion (about US$294 million) will go to semiconductor companies, and MYR6 billion (about US$1.47 billion) is set aside for research, development, and commercialization. The startup line appears to be a smaller component in the overall budget. The government also announced measures to attract private capital, including MYR270 million (about US$66 million) for SMEs, mid-tier companies, and social enterprises through equity crowdfunding and peer-to-peer lending. Additionally, income tax exemptions for individual investors on equity crowdfunding platforms and angel investments in early-stage tech startups have been extended until December 31, 2030.",
  "summary": "Malaysia has put a number on its startup ambitions: MYR450 million (US$110.4 million). That is how much the National Fund of Funds Jelawang Capital and Dana Perintis, the startup vehicle of the Retirement Fund (KWAP), will invest in developing startups, Prime Minister Anwar Ibrahim said in his Budget 2027 speech to parliament on Friday. “Startups […] The post Malaysia’s Budget 2027 hands startups…",
  "key_points": [
    "MYR2.1B (US$515M) earmarked for mid-tier companies and semiconductors",
    "MYR6B (US$1.47B) set aside for research, development, and commercialization"
  ],
  "editors_take": "The government is prioritizing established industrial sectors and research over early-stage ventures, signaling a strategic shift toward scaling mid-tier companies and semiconductor manufacturing rather than just fostering new startups.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}