InvestPenang

InvestPenang is the principal investment promotion agency for the State of Penang, Malaysia, dedicated to attracting and facilitating high-value investments. Established in 2004, it operates as a non-profit entity under the state government to support the growth of key industries, including electronics, medical devices, and life sciences. The agency provides a range of services such as site selection assistance, regulatory navigation, and ecosystem development to help companies establish a presence in the region. InvestPenang has played a pivotal role in positioning Penang as a global hub for medical technology manufacturing, hosting numerous multinational corporations. Its efforts focus on enhancing the state's industrial ecosystem through talent development and supply chain integration. While not a research or clinical-stage biotech company, it is a critical stakeholder for healthcare companies looking to manufacture or expand in Southeast Asia.