Incubating the Innovative

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From Penang's solid manufacturing base emerges a generation of enterprising individuals who recognised the gaps in the industry and sought to fill them.

Does Penang have the network of support and structures needed to provide a vibrant startup environment? Does it have a dynamic landscape that stimulates innovation and entrepreneurship?

Chan Kee Siak, CEO of Penang homegrown enterprise Exabytes, thinks so. “Penang is one of the most vibrant cities for startups in Malaysia, apart from KL,” he says. "The startup ecosystem was there from a long time ago, perhaps in a less organised form and lacking a supporting ecosystem. For example, JobStreet, Cari.com.my, Exabytes, PiktoChart, Mobile9 and many more startups, not to mention the electronic and semiconductor-based factory startups, grew out of this ecosystem.


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