{"id":41239,"date":"2018-08-20T01:04:04","date_gmt":"2018-08-19T17:04:04","guid":{"rendered":"https:\/\/investpenang.gov.my\/cm-says-penang-to-be-entrepreneur-city\/"},"modified":"2025-12-03T08:38:22","modified_gmt":"2025-12-03T00:38:22","slug":"cm-says-penang-to-be-entrepreneur-city","status":"publish","type":"post","link":"https:\/\/investpenang.gov.my\/zh-hans\/cm-says-penang-to-be-entrepreneur-city\/","title":{"rendered":"CM says Penang to be \u2018entrepreneur city\u2019"},"content":{"rendered":"

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” el_class=”sec-inner-banner” css=”.vc_custom_1703741584745{background-image: url(https:\/\/investpenang.gov.my\/wp-content\/uploads\/2023\/12\/contact-banner-bg.jpg?id=20253) !important;}” z_index=””][vc_column][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=”” el_class=”inner-banner-row”][vc_column_inner][vc_column_text]<\/p>\n

CM says Penang to be ‘entrepreneur city’<\/h1>\n

[\/vc_column_text][vc_separator type=”normal” el_class=”red-separator” color=”#ee4023″ transparency=”1″ thickness=”2″ up=”15″ down=”15″][vc_column_text css=”” el_class=”white-text”]<\/p>\n

20 August 2018<\/p>\n

[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”grid” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” css=”.vc_custom_1703764846254{background-color: #f3f5f8 !important;}” z_index=””][vc_column el_class=”fade-in animate”][vc_empty_space height=”120px” el_class=”height-x120″][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=””][vc_column_inner][vc_single_image image=”29039″ img_size=”full” qode_css_animation=”” el_class=”single-featured-image”][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=”60px” el_class=”height-x60″][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=”” el_class=”content-row”][vc_column_inner][vc_column_text]GEORGE TOWN:<\/strong> Penang is set to become an “entrepreneur city” similar to San Francisco in the United States with RM1.67 million disbursed through the Penang i4.0 Seed Fund.<\/p>\n

Sixteen companies received the allocation from the fund which is a programme to provide funding for qualified high potential early stage technology startups.<\/p>\n

Chief Minister Chow Kon Yeow said the programme was initiated by the state government through investPenang and said he hopes the recipient companies would maximise the funds.<\/p>\n

He said all these companies are involved in a series of business activities which includes, health assistance, software, e-commerce, drive-thru services and back-end support devices.<\/p>\n

“I hope this funding will be used as a catalyst for their growth,” he said during an event attended by representatives from the 16 companies.<\/p>\n

Datuk Loo Lee Lian, chief executive officer of investPenang said each start-up must provide information on how the funds would be used.<\/p>\n

She stressed that the recipient companies must also set up base in Penang for eight years upon receiving the allocation.<\/p>\n

“We are not giving them free money,” she said, adding that the state intends to encourage the establishment of more start-ups in Penang.<\/p>\n

Source: The Sun Daily<\/a><\/p>\n

Photo Credit: InvestPenang[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=”120px” el_class=”height-x120″][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

\n

20<\/h2>\n
\n

Mon<\/p>\n

August \u201818<\/p>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"author":31,"featured_media":29039,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[316],"tags":[],"news_year":[272],"news_month":[226],"local_insights_alphabet":[],"acf":[],"_links":{"self":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts\/41239"}],"collection":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/comments?post=41239"}],"version-history":[{"count":2,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts\/41239\/revisions"}],"predecessor-version":[{"id":41254,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts\/41239\/revisions\/41254"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/media\/29039"}],"wp:attachment":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/media?parent=41239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/categories?post=41239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/tags?post=41239"},{"taxonomy":"news_year","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/news_year?post=41239"},{"taxonomy":"news_month","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/news_month?post=41239"},{"taxonomy":"local_insights_alphabet","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/local_insights_alphabet?post=41239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}