ADIF, the largest corporate VC fund in Malaysia, has announced its first batch of investments, pumping US$2.9mil into six Malaysian startups.
The Malaysian Government’s venture capital arm Malaysia Venture Capital Management Bhd (Mavcap) has invested RM2.95 million (US$690,000 at current rates) in social crowdfunding platform SimplyGiving.com.
MyEG, after behaving like a VC, will now revert to behaving like a typical corporate investor. Will this approach yield it better results? Karamjit Singh ponders.
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]