KUALA LUMPUR: An RM1bil National Fund-of-Funds will be established under Khazanah Nasional Bhd to support venture capital fund managers in investing in startups.
In his Budget 2024 speech, Prime Minister-cum-Finance Minister Datuk Seri Anwar Ibrahim said the fund, which will have an allocation of RM300mil for 2025, will begin operations next month.
