- Mavcap aims to nearly double its VC investments to US$1.4 billion by 2030.
- The Malaysia Venture Capital Roadmap focuses on funding.
- Malaysia’s 44% CAGR highlights its immense growth potential.
Malaysia Venture Capital Management (Mavcap) has set its sights on nearly doubling its VC investments from US$758 million to US$1.4 billion.
This ambitious goal is part of the firm’s 2024-2030 Malaysia Venture Capital Roadmap (MVCR), which aims to increase Mavcap’s contribution to Malaysia’s GDP from 0.19% to 0.35%.
Targeting key areas for success
The MVCR, backed by Malaysia’s Ministry of Science, Technology, and Innovation, focuses on three key areas: funding, regulatory reform, and expanding capacity.
These initiatives align with Malaysia’s goal of becoming an innovative and inclusive economy, emphasizing strategic investments from government and private sectors into areas crucial for the country’s economic growth.
Closing the gap with Singapore
Despite Malaysia’s current lag in VC funding compared to neighboring Singapore, Mavcap COO Noor Amy Ismail highlights the country’s immense growth potential. Malaysia boasts a compound annual growth rate of 44%, significantly higher than Singapore’s 13.1%.
The MVCR’s policy measures and development plans aim to create a more favorable regulatory environment for VC projects, positioning Malaysia to close the funding gap and emerge as a key player in the region’s venture capital landscape.
To read the original article: https://www.techinasia.com/malaysia-owned-vc-firm-double-investments-14b
