PETALING JAYA: The RM1bil allocation for startups under Budget 2018 will be provided by large government linked investment funds such as the Employees Provident Fund and the Retirement Fund Inc to venture capitalists on a matching basis.
Sources familiar with the plans explained that registered venture capital firms would have to match their own funds with how much they wish to tap from the RM1bil fund.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
