Statement:
In Colombia, startup ecosystem seems to be less developed than in Malaysia

In the Startup Ecosystem Index rating Colombia holds position #44 ²⁰²² out of 99 and Malaysia is #42 out of 99 ²⁰²².
Position of Colombia is worse than position of Malaysia.

Referencies:

1. Startup Ecosystem Index ²⁰²² by StartupBlink

   The countries in the rating sorted by 'Total Score' in descending order.

   Colombia	'Total Score' value is	5.357
   Malaysia	'Total Score' value is	5.416