Initiative of City of Georgetown
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George Town, the capital city of Penang Island, welcomes entrepreneurs from all over the world with a supportive and growing startup ecosystem.

Notable Startups
startup iconFoodMarketHub
startup iconForward School
startup iconTwilight Foundry Games
Top Coworking Spaces
startup iconRegus - Penang, Gurney Paragon
startup iconSpaces- Penang, Spaces Beach Street
startup iconRegus - Penang, Menara Boustead
Top Accelerators
startup iconPYDC Accelerator
startup icon25 Startups
Notable Organizations
startup iconDigital Penang
startup iconSchool of Digital Technology (DiGiT), WOU Penang
View complete George Town startup ecosystem database

Want to know more about George Town startup ecosystem and its benefits?

Key Stats of the Georgetown Startup Ecosystem

Rankings provided by
Top Industries
Education icon
#234 worldwide
Ecommerce & Retail icon
Ecommerce & Retail
#242 worldwide
Marketing & Sales icon
Marketing & Sales
#263 worldwide
Ecosystem Rankings
National ranking
In Malaysia
Regional Ranking
In South East Asia
Global Ranking

Georgetown Ecosystem Landscape

Taxes and incentives:
  • 0% tax rate for 10 or 15 years for new companies that invest at least MYR 300 million or MYR 500 million in Malaysia’s manufacturing sector.

  • For companies conducting in-house R&D projects, the Tax Allowance (ITA) allows for a 50% deduction of qualifying capital expenditure incurred within 10 years.

  • MTEP is a special program to attract entrepreneurs and technology professionals to invest or work in Malaysia.

  • The SME Market Advisory, Resource, and Training (SMART) center provides advisory services to SMEs in addition to hosting workshops and webinars aimed at improving the competencies of SMEs.

  • @CAT Penang is a tech startup and innovation hub launched by the Penang State Government.

Investment Landscape:
  • Startup Connect Gathering is a quarterly event introducing MNCs and SMEs to entrepreneurs and ventures relevant to their industry.

  • Pitch Island is an event for startups in their early stages of raising funds, creating an environment to meet with angel investors from Penang.

Read more about Georgetown startup ecosystem

Why George Town is a great City to live in

Georgetown attracts people from abroad. From its multi-cultural population to high quality of life, Georgetown has many advantages.

Why George Town is a great city to live in
as of 2019
per capita
Cost of Living
per person and month
Read more about life in George Town

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