GEN Malaysia is the national affiliate of the Global Entrepreneurship Network. As a part of the global platform, GEN Malaysia was re-introduced as a for-profit nongovernmental firm in 2018 following thorough discussions during Digital Thailand Big Bang 2018 and Thailand Big Data 2018. To address the need of connecting Malaysian entrepreneurs on a global scale, GEN Malaysia was officially registered in early 2019.
GEN Malaysia aims to accelerate the growth of tomorrow's entrepreneurs by connecting them with development opportunities, stakeholders and other like-minded business communities on a global scale. Being connected to a global network empowers GEN Malaysia to capitalize on the extensive list of global programs with one mission - facilitating entrepreneurs and enabling them to create communal socio-economical impacts.
Malaysia invests heavily in startups and entrepreneurship and currently there are 49 government agencies which deal with entrepreneurship. The country is a seen as a launching pad for the startups to kickstart their businesses. The National Entrepreneurship Policy 2030 targets nurturing 50,000 entrepreneurs.
GEN Malaysia works on creating an interconnected ecosystem which accelerates the growth of entrepreneurs to become global champions by building bridging program and capacity development for local startups. GEN Malaysia as part of this effort aims to measure the key metrics by doing a thorough evaluation on:
- Number of jobs created.
- Number of startups who are able to sustain after six months, one year, a year and half, two years, two and half years, and three years.
- Amount of funding / investment.
- Social Return of Investment (SROI) for social enterprises.
- Number of university students who choose entrepreneurship upon graduation.