IskandarSpace, a new 8,000 sq. foot (743 sq. metres) co-working space, was launched today in Iskander Puteri, Malaysia as part of an effort to build-up the startup community in the state of Johor.

IskanderSpace was launched by Iskandar Investment Berhard (IIB) and is part of a place-making process by Kazanah Nasional Berhard (A Malaysian sovereign wealth fund).

The opening speech explaining the hopes and goals for the co-working space.

To elaborate, the space is located in Afiniti Medini in the Iskandar development region, a massive infrastructure and development plan on the southern edge of Malaysia, right across the border from Singapore. The goal is to transform Iskander Puteri into a destination that would be attractive for people to live and work.

With a growing startup community in Malaysia and Singapore, the IskandarSpace is meant to attract the entrepreneur-class.

Check out that audience! Quite a lot of support from the community.

“The variety of workers means co-workers have unique skill sets that can be shared with other co-workers. This is very much in-line with with what IIB aspires to create in Iskander Malaysia. Community, collaboration, learning and sustainability are all part of IIB’s DNA,” said Encik Akmal Ahmad, the COO of IIB in a statement.

It is also an affordable option for new businesses. The cheapest rate is MYR150 (S$50) per month, a cost that would be nearly impossible to find in Singapore.

The IskandarSpace has the standard facilities of a typical co-working office; high-speed internet, an outdoor ‘chill out’ spot and an in-house café.

As with any co-working space, open-space tables are a key part of the work environment.

One of the stakeholders in IskandarSpace is StartupJohor, a community-run initiative that hosts educational events, mentoring session and tries to facilitate business partnerships amongst the Johor startup community.

Original article by Kevin McSpadden, e27