Become a member

Get the best offers and updates relating to Liberty Case News.

― Advertisement ―

HomeMalaysia NewsUS, South Korea, Indonesia and Singapore Ready To Invest In Malaysian Start-Ups:...

US, South Korea, Indonesia and Singapore Ready To Invest In Malaysian Start-Ups: Abdul Aziz

Kuala Lumpur: Minister of Finance Tengku Datuk Seri Zafrul Abdul Aziz has revealed that at least eight ventures of capital fund (VC) managers from the United States, South Korea, Indonesia and Singapore have made the commitment to invest RM1.2 billion in Malaysian start-ups . The move is part of the National Generator Fund Program.

Finance Minister said that these eight venture capital fund managers were selected among 51 applicants worldwide with a fund size of RM1.57 billion in total or RM370 million higher than the projected allocation.

This venture capital boost is part of the government’s extensive efforts to improve the country’s start-up company environment and generate more business opportunities especially in sectors with high multiplier effects for the economy.

“For the future , Capital Generator has established a Knowledge Transfer Plan (KTP) to set clear goals for all participants involved.

This National Generator Fund is a funds-of-funds matching program which is also part of the National Economic Regeneration Plan (Generator).

These venture capital funds are divided into different stages of the life cycle of venture capital, namely two Seeds, two A & B series, two Growth and two levels of Venture Debt financing.