Enhancing the VC industry

Malaysia Venture Capital Management Bhd (Mavcap) chief operating officer Noor Amy Ismail—LOW LAY PHON/The Star

KUALA LUMPUR: The Ministry of Science, Technology, and Innovation (Mosti) has launched the Malaysia Venture Capital Roadmap 2024-2030 (MVCR), with the aim of doubling the total funding value of venture capital (VC) by 2030.

In 2022, the total venture capital funding value stood at US$758mil, with a deal count of 165, resulting in a penetration rate of 0.19%.