The Startup Ecosystem of George Town

Home to 14% of Malaysia’s startups, George Town has a vibrant startup ecosystem that is ranked 329 in the world.

CITY RANKING

In 2023, the startup scene of George Town shows much promise after advancing in the Global Ecosystem Index by 12 spots.

National Ranking

2nd
0
In Malaysia

Regional Ranking

8th
0
In South East Asia

Global Ranking

329th
+
12
Worldwide

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ECOSYSTEM

Browse the startup ecosystem database of George Town

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Ecosystem

The Startup Ecosystem in George Town

Startups in George Town excel in Education, Ecommerce & Retail, and Marketing & and Sales. There are some notable success stories contributing to the city’s growing Education industry. One of the most promising startups in George Town in 2023 is FoodMarketHub, SINEGY Technologies (M) Sdn. Bhd., and Forward School.

Global Rank

George Town is ranked within the top 400 startup ecosystems globally.

Top Industries

George Town’s startups excel particularly in Education where it ranks 181 and in Ecommerce & Retail, and Marketing & Sales. Find out more

Top Cities for Startups in Malaysia - Ranked by StartupBlink
StartupBlink ranks the startup ecosystems of 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
Rows:
2023 National Rank & Change ▲
Access subscores for 1000 cities and 100 countries
2023 National Rank & Change City
search leaderboards icon
Global Rank & ChangeTotal ScoreQuantity ScoreQuality ScoreBusiness Score
1st
0
87th
+
1
8.095
00.00
00.00
00.00
2nd
0
329th
+
12
1.144
00.00
00.00
00.00
3rd
0
594th
+
404
0.360
00.00
00.00
00.00
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Startups

Notable Startups in George Town
FoodMarketHub startup icon
FoodMarketHub
SINEGY Technologies (M) Sdn. Bhd. startup icon
SINEGY Technologies (M) Sdn. Bhd.
Forward School startup icon
Forward School

Startups

Successful Education startups in George Town
Forward School startup icon
Forward School
Ubitto startup icon
Ubitto

Startups

Startups Ranking by Industry

Education icon
Education
#181 worldwide

On our map, you can explore a total of 9 startups for Education.

Ecommerce & Retail icon
Ecommerce & Retail
#189 worldwide

The Ecommerce & Retail industry in George Town is ranked 189 globally. There are 8 startups for Ecommerce & Retail on our sample database and map.

Marketing & Sales icon
Marketing & Sales
#204 worldwide

Marketing & Sales is ranked 204th in the world. Our database contains 4 startups for this industry.

ECOSYSTEM

Why should you join George Town's Startup Ecosystem?

Overview

Within George Town there is an increased attraction for entrepreneurs to set up their startups in industries such as Education, Ecommerce & Retail, Marketing & Sales. These three industries represent about 55% of the startups represented on the Startup Ecosystem Map of George Town.

2nd

National Rank

8th

Regional Rank

Overview

George Town is Malaysia's 2nd best startup ecosystem and is ranked 8th in South East Asia. With a population of 0.1M - 0.5M people, George Town is ranked 329th in the world. The city has some notable startup success stories including FoodMarketHub.

ECOSYSTEM
Startup Infrastructure in George Town
With a large variety of initiatives, George Town's startup ecosystem stands out from other cities in South East Asia. George Town offers a number of funding opportunities for entrepreneurs and startups. Below is a list of George Town's most prominent support initiatives:

Coworking Spaces

Regus - Penang, Gurney Paragon startup icon

Regus - Penang, Gurney Paragon

Spaces- Penang, Spaces Beach Street startup icon

Spaces- Penang, Spaces Beach Street

Regus - Penang, Menara Boustead startup icon

Regus - Penang, Menara Boustead

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