Malaysia’s digitalization agency Digital Penang and Indonesia’s startup ecosystem KUMPUL have renewed their memorandum of understanding for 2026 to 2027, reaffirming their commitment to strengthening the startup, innovation, and entrepreneurial ecosystem across Malaysia and the region.
In a joint statement on Tuesday, the two sides said the renewal builds on a partnership established from 2023 to 2024 focused on empowering startups and fostering innovation communities in Penang and beyond.
Under the renewed agreement, both parties will collaborate on startup ecosystem development, joint innovation and entrepreneurship events, founder and talent development, startup incubation and venture support, and strategic partnerships to strengthen Penang’s position as a regional innovation hub.
Ng Kwang Ming, CEO of Digital Penang, said the renewed partnership reflects the organization’s commitment to building a stronger and more connected startup ecosystem in Penang and Malaysia, creating opportunities for founders and startups to grow and scale their ideas into impactful ventures.
Mega Prawita, Managing Director of KUMPUL, said strong ecosystems empower founders to thrive, and that deeper cross-border connections across Southeast Asia unlock opportunities and drive more inclusive economic development through entrepreneurship. KUMPUL has empowered more than 520 Indonesian and international startups through mentorship and growth opportunities, including supporting them to enter the Indonesian market through its Global Market Access Program, the executive added.
The MoU signing reflects the ongoing commitment by both Digital Penang and KUMPUL to support innovation-led growth, entrepreneurial empowerment, and sustainable ecosystem development.