Corporate venturing gains traction in Malaysia – a boost to local tech startups
To attract direct investments from companies, strategic reforms are needed to unlock the sector’s full capabilities, market observers say
Add BT as a preferred source
[KUALA LUMPUR] As Malaysia pushes to climb the value chain in the technology sector, its fledgling corporate venture capital landscape is beginning to show promise, with rising investments fuelling opportunities to reshape the country’s tech ecosystem.
Several key developments in Malaysia’s corporate venturing space – or corporate venture capital (CVC), where corporations invest directly in startups – lend hope to its potential, even as the country ranks among the top three in South-east Asia for funding, but lags regional peers in activity.
In December last year, the country’s sovereign fund Khazanah Nasional lent its heft to crank things up in the CVC space, with the launch of two strategic investments totalling RM1 billion (S$307.5 million) under its Dana Impak Initiative.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Rare brutalist Singapore house opens to the public before changing hands
