Malaysiakini
NEWS

Think tank: 40 pct of startups, social enterprises will fold without help

Published

CORONAVIRUS | Future Digital, the think tank arm of The National Tech Association of Malaysia (Pikom), has warned that 40 percent of startups and social enterprises will fold by June if help is not forthcoming during the current economic downturn brought about by the Covid-19 pandemic.

"The current stimulus also provides little or no help for technology startups.

"These technology startups do not qualify for most loans as most are less than a year-old without a track record and do not meet the minimum staffing count required," Future Digital chairperson Ganesh Kumar Bangah (photo) said in a statement.

All Access Plan
starting from

~RM12

per month
Subscribe Now
You can cancel anytime.
Get unlimited access to our articles on web and apps
Add comments to our articles
Bookmark articles to read later
We accept
Student or Senior Citizen? Get a special rateGroup / Institutional / Corporate Plans
Already Subscribed?
Sign In