Business-friendly policies vital for VC space

To ramp up the VC industry in Malaysia, Shahril said Mavcap has pivoted its direct investment model to the fund-of-funds approach, called the “Strategic Funds” model.

PETALING JAYA: To enhance the venture capital (VC) ecosystem and outpace competition from Singapore and Indonesia, it’s vital to promote private sector involvement and establish business-friendly policies which create a conducive environment.

Malaysia Venture Capital Management Bhd (Mavcap), the country’s largest VC firm, says changes must include incentivising foreign venture capitalists to invest in the local market.