Smart Cities Drivers for Start-up Unicorn
By Mohd Hasan Bin Mohd Saaid MYFORESIGHT, MIGHT
Under The Na�onal Urbaniza�on Policy, the goals is to drive and coordinate sustainable urban development planning that emphasized on a balanced physical, environment, social and economic development in Malaysia. Smart Economy is part of the smart ci�es component which aim to create a sustainable environment through reduce greenhouse emission, low-carbon lifestyle with focus on energy efficiency, renewable energy and green technology. The goal can be
achieve alterna�vely by innova�on through start-up companies and poten�al unicorn. Unicorn company defined as privately owned companies that reached a market value of over one billion U.S. dollars through either private or public investment. Both the term and the defini�on of a “unicorn” were coined in 2013, mainly to indicate the rarity of companies that breached this barrier. As of March 2021, there are more than 500 unicorns around the world.
Internet so�ware & services Fintech E-commerce & direct-to-consumer Ar�ficial intelligence Health Other Mobile & telecommunica�ons Supply chain, logis�cs & delivery Auto & transporta�on Cybersecurity Data management & analy�cs Hardware Consumer & Retail Edtech Travel Data management & analy�cs< Educa�on
Global Unicorns by Category
Source : MIGHT Analytics, Global Unicorn Club: Private Companies Valued at $1B+ (as of March 24th, 2021), CB Insights
As above analysis shown, most of the Unicorns companies Globally are technology based companies.
The number of unicorn companies dominated by United States and China with 265 and 204 respec�vely. Grab, the regional super app with unicorn status, will always be seen as the “one that got away”, or the success story that could have been from Malaysia, now considered a Singaporean company even though it’s run by Malaysians and was founded in Malaysia.
Source : Statista.com, accessed 5th March 2021
Malaysia Smart City Outlook 2021 - 2022 |
81
Made with FlippingBook Annual report maker