MALAYSIAN Venture Capital Management Bhd (Mavcap) said the Cradle Investment Programme, the country's first pre-seed fund that it manages, will launch an ideas bank open to third-party venture capital firms this quarter.
A national resource of business ideas that have been awarded funding of up to RM50,000 for each innovative and bright idea submitted by individuals or companies, the ideas bank is part of a two-pronged push to extend the operations of the fund.
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