Malaysia seeks to put state-run VCs under sovereign wealth fund

Goal is to make country a top global startup ecosystem, Anwar Ibrahim says

20231016 Anwar Ibrahim

Malaysian Prime Minister Anwar Ibrahim has big ambitions for his country's startups. © Reuters

KEERTAN AYAMANY, DealStreetAsia

KUALA LUMPUR -- Malaysia is seeking to put government-backed venture capital (VC) agencies such as Malaysia Venture Capital Management (MAVCAP) and Penjana Kapital under the Khazanah Nasional sovereign wealth fund.

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