MARii targets RM200mil investment by 2022

MARii chief executive officer Datuk Madani Sahari said many start-ups and SMEs faced difficulties in securing funding because they did not have the track record to justify it. “While many of these companies may have the capabilities or even the technology know-how, securing a loan in the conventional sense is often difficult, ” he told StarBiz

KUALA LUMPUR: The Malaysia Automotive, Robotics and IoT Institute (MARii) is targeting up to RM200mil in investment commitments from venture capitalists by early 2022 for potential start-ups and small and medium-sized enterprises (SMEs).

MARii chief executive officer Datuk Madani Sahari said many start-ups and SMEs faced difficulties in securing funding because they did not have the track record to justify it.