DNA founder Karamjit Singh sees a link to Malaysia’s Vision 2020 developed nation target in two of the stories DNA ran this week, both about efforts to plug specific gaps.
Malaysian entrepreneurs are a happy bunch this week with two new funding channels opening up for them. But with the country also looking to attract talent from overseas to launch their ideas from Malaysia, DNA founder Karamjit Singh wonders if the Government should be more practical here.
Axiata Group starts its journey investing into startups with the creation of the bumiputera-focused US$30-million (RM100-million) Axiata Digital Innovation Fund, together with Mavcap.
Industry players generally welcome initiatives and goodies Gaps in making Malaysia preferred destination for entrepreneurs IN its proposed national budget for 2015, the Malaysian Government announced several incentives and measures that directly or indirectly would be of benefit to the ICT ecosystem, but some industry players believe that more could have been done to further grow the ecosystem.
US-based big data analytics company aWhere, which focuses on the agriculture market, closed a US$7mil equity round with an investment from Elixir Capital where Mavcap has an interest via its participation as lead investor in Elixir's ECM Straits Fund.
Elixir Capital, which together with Mavcap launched the US$50-million ECM Straits Fund in January, is about to announce its first investment. Its managing director Abrar Hussain shares some observations he has made from his team’s meetings with almost 200 companies.
Digital News Asia (DNA) continues a weekly series that profiles the top 50 influencers, movers and shakers who are helping shape Malaysia’s Digital Economy. These articles are from Digerati50, a special print publication released in January 2014. For information on customised reprints of Digertai50, email [email protected]
Deals expected to be inked in the next few months Looking to be EBITDA positive in as quickly as 4yrs
DNA founder Karamjit Singh ponders the media strategy of Malaysian companies as they reach the global stage, and hopes they realise DNA too is a global media outfit.
Much said about funding gap, but it’s really growth stage funding that is lacking A void Mavcap and Silicon Valley’s Elixir Capital Management hope to fill