KWAP to invest RM500m into newly launched Dana Perintis fund

KUALA LUMPUR: Kumpulan Wang Persaraan (Diperbadankan) (KWAP) will invest up to RM500 million over the next 18 to 24 months into the newly launched fun...

: Kumpulan Wang Persaraan will invest up to RM500 million over the next 18 to 24 months into the newly launched fund called Dana Perintis, which is aimed at injecting vitality into Malaysia’s venture and startup ecosystem.

Hazman said that Dana Perintis is an initiative that also serves as a testament to KWAP’s commitment to enhancing the growth of Malaysia’s startup industry. “The significant allocation of RM500 million is an important recognition that good ideas need to be backed, and more good ideas need a chance to be developed. By putting a significant sum into early-stage and incubators, we also come to accept the reality that the future is Asean, and Malaysia is the best testbed for the largest economic blocs in Asia.

“A substantial portion of up to RM250 million will be directed towards investing in VC funds with exposure focusing on Malaysia. This approach aligns with KWAP’s endeavour to support the development of a self-sustaining venture ecosystem.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

theSundaily /  🏆 25. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

KWAP to invest RM500m into newly launched Dana Perintis fund, says chief investment officerKUALA LUMPUR, Sept 21 — Kumpulan Wang Persaraan (Diperbadankan) (KWAP) will invest up to RM500 million over the next 18 to 24 months into the newly launched fund called Dana...
Read more »

KWAP to invest RM500mil in venture funds, startupsThe pension fund is targeting venture capitals that are focused on Malaysia.
Read more »

Projek perintis di Perak jadi panduan sebelum komersial REEKerajaan mahu memastikan penerokaan REE tidak beri kesan kepada sumber air, alam sekitar.
Read more »

Belanjawan 2024: Selangor mohon dana rejuvenasi kawasan bandar lamaSHAH ALAM: Selangor memohon peruntukan dana daripada kerajaan Persekutuan pada Belanjawan 2024 yang dijadual dibentangkan pada 13 Okt ini, bagi memban...
Read more »

Dana RM100 juta Mitra 2023 dimanfaat sepenuhnya, kata pengerusiR Ramanan berkata maklumat tentang penerima dana Mitra akan diterbitkan di laman sesawang demi ketelusan.
Read more »

Dana industri muzik dinilai melalui merit, potensiDana industri muzik dinilai melalui merit, potensi
Read more »