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Common Ground Coworking Malaysia

Spaces- Penang, Spaces Beach Street is a coworking space of the Regus chain, located in George Town, Malaysia

Spaces- Penang, Spaces Beach Street

Malaysia

South East Asia

![people walking on sidewalk during daytime](https://images.unsplash.com/photo-1591802266103-2816a8828a7e?ixlib=rb-4.0.3&ixid=M3wxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHx8fA%3D%3D&auto=format&fit=crop&w=1000&q=80)

 The George Town startup ecosystem, in the capital of Penang, Malaysia, has a strong educational foundation. Penang is home to four universities, over 20 colleges, and five industrial training institutes, fostering a skilled and diverse talent pool. With a multilingual population fluent in English, Chinese, Japanese, and Korean, George Town presents a captivating advantage for innovative startups. 

 The presence of more than 300 multinational companies in Penang, including renowned names like Intel, Bosch, HP, AMD, Clarion, and Renesas, contributes to a diverse and skilled talent pool. InvestPenang has set ambitious goals to attract 150,000 talented workers over five years, demonstrating a commitment to fostering a vibrant startup ecosystem. 

 The city is home to the third-largest airport in Malaysia, with an ongoing extension project that will accommodate 12 million passengers annually. Additionally, George Town is the first city in Asia to deploy Facebook's Terragraph, enabling faster and more efficient gigabit connectivity deployment. 

 The public sector in Penang offers attractive incentives to startups. The [Penang i4.0 Seed Fund](https://investpenang.gov.my/penang-i4-0-seed-fund/), backed by the government, provides funding opportunities for early-stage technology companies. Programs like [MTEP](https://mdec.my/mtep) aim to attract entrepreneurs and technology professionals to invest or work in Malaysia, stimulating the growth of the startup ecosystem. Initiatives such as [SME Go Digital](https://smegodigital.mybizapp.my/) and the Startup Connect Gathering foster connections, knowledge sharing, and digital transformation among SMEs and MNCs. 

 [Digital Penang](https://digitalpenang.my/), in collaboration with Microsoft, is actively driving digital transformation through the Digital Transformation Master Plan. This plan aims to create a connected, creative, and competitive society by improving the digital skills of local startups and SMEs. 

 With its robust education system, a diverse talent pool, favorable infrastructure, and supportive public sector initiatives, the George Town startup ecosystem in Penang provides an attractive environment for startups and investors looking to thrive in the vibrant and dynamic business landscape of Malaysia.

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