KUALA LUMPUR: WORQ, Malaysia’s leading coworking and flex space provider, has officially launched their 15,000 sq ft new coworking space in Menara UOA Bangsar. This location will serve as a growth hub for global tech startups while giving the local and international community access to a vast business network and robust infrastructure.
Since 2017, WORQ has fostered over 266 startups and 122 tech companies, emerging as the leading coworking space in Malaysia. This collaboration with UOA demonstrates a commitment to position Malaysia as the premier digital hub within the Asean region. Aligned with Malaysia Digital Economy Corporation’s (MDEC) Malaysia Digital (MD) initiatives and Pemangkin programme, WORQ hopes to drive the growth of Malaysia's digital economy.
Located in Bangsar, this is the brand’s second outlet in a UOA property following the success of WORQ Subang in UOA Business Park (UBP). This latest outlet achieved 70% occupancy before its launch, following the consistent achievement of their recently launched WORQ KL Sentral.
Ikhlas Capital chairman and founding partner Tan Sri Nazir Razak, who officiated at the launch of the outlet, said: “This is a significant step towards fostering innovation and collaboration in Malaysia’s dynamic business landscape. Coworking spaces are now hubs of technological innovation that serve as a launching pad for numerous aspiring startups.
"The growing digital economy in Malaysia is the result of a number of factors, which also make Malaysia a more desirable location for tech and digital companies looking to expand their presence in the Asean region. WORQ’s new 15,000 sq ft hub not only exemplifies the brand’s commitment to supporting startups and businesses but also reinforces its role in advancing Malaysia's stature as a leading digital hub within Asean.”
This is part of a larger national initiative to reinforce Malaysia’s position as a global business hub and attract MNCs to set up regional offices in Malaysia, which contributes significantly to the generation of high-value jobs in the country, especially in the tech and digital sectors. At present, foreign companies building teams in Malaysia make up about 50% of WORQ’s clientele.
"We’re thrilled to establish the headquarters of Antler Malaysia at WORQ Bangsar in Kuala Lumpur. Our vision is to fuel the growth of more than 30 innovative startups throughout Malaysia within the next three years. Through our partnership with WORQ, as the official ecosystem enabler and becoming one of their Talent Development and Funding Partners under the Malaysia Digital Hub (MDH) initiative, we are able to extend the reach of our residency to support the growth of startups.
"Given Malaysia's abundant entrepreneurial potential and conducive business environment, WORQ is well-positioned to deliver flexible workspace solutions that will further nurture the expansion of startups," said Antler Malaysia associate partner Frank Kang.
“Cradle fully acknowledges WORQ’s impact on the Malaysian startup ecosystem, and we see our investment in this establishment go beyond a financial transaction as it signifies an opportunity to create a direct spillover effect in the startup ecosystem and, by extension, the broader Malaysian economy. Our vision is clear to cultivate a flourishing startup landscape that not only revolutionises industries but also creates a ripple effect of job creation, economic growth, and technological advancement.
"We are not just investing in startups, we are investing in the future. Under the Malaysia Startup Ecosystem Roadmap (SUPER) and MYStartup initiative, Cradle is driving a transformational force that will shape the destiny of innovation for years to come,” said Cradle acting group chief executive officer Norman Matthieu Vanhaecke.