KL20 Action Plan - Hit or Miss?

Today, Enterprise explores the KL20 action plan and what is in store for the startup ecosystem in Malaysia with Bikesh Lakhmichand, Founder at 1337 Ventures and Kevin Brockland, Founder and Managing Partner at Indelible Ventures.

For some context, the KL20 is a summit organised by the Malaysian government that aims to stimulate Malaysia’s startup scene by addressing some of the challenges faced by startup founders in the country like access to funding, navigating regulatory barriers and attracting top talent.

At the event, Prime Minister Datuk Seri Anwar Ibrahim launched the KL20 Action Paper, which is a comprehensive roadmap outlining tangible reforms to achieve convergence among key stakeholders – founders, venture capitalists, talent, incubators and accelerators, to propel Malaysia's startup tech sector to new heights.

Today on the show, Bikesh and Kevin help us break down the KL20 action plan and whether it fulfils the needs of startup founders in Malaysia as well as how this will facilitate the bigger goal of taking Kuala Lumpur into the ranks of the top 20 global startup hubs by 2030.