Established on 5th November 2004, InvestPenang is a non-profit entity under Penang State Government with the primary purpose of promoting investments in Penang. As the principal investment promotion agency of the State, its objectives are to develop and sustain Penang’s economy by enhancing and continuously injecting business activities in the State through foreign and local investments, including the spawning of viable new growth centres. To support the realization of its objectives, InvestPenang also runs initiatives like SMART Centre (to assist SMEs), Penang CAT Centre (to assist talents) and i4.0 seed fund (to elevate start-up ecosystem).