KUALA LUMPUR: Capital Markets Malaysia (CMM), an affiliate of the Securities Commission, and Boston Consulting Group and its tech build and design unit BCG X have launched a report analysing the current state of corporate venture capital (CVC) activity in Malaysia.
In a joint statement, the parties said the report, "Advancing Malaysia’s Innovation Landscape: The Pivotal Role of Corporate Venture Capital", helps to identify key levers to catalyse a stronger domestic CVC ecosystem.
CMM general manager Navina Balasingam said the findings of the report offer valuable recommendations for building a sustainable and robust domestic CVC ecosystem.
"Beyond fostering innovation, corporate venturing is a powerful tool for established Malaysian businesses to capture new market opportunities while concurrently providing our startup ecosystem with the capital and market access required to scale.
"We recognise the pivotal role the capital market can play in connecting established corporates to innovative startups through capital raising channels such as equity, debt and venture capital funds.
"Strengthening our CVC ecosystem will lay the groundwork for more innovative, diversified, and competitive economy,” she said.
BCG X managing director and partner Hanno Stegmann said CVC continues to drive innovation across Southeast Asia, and Malaysia has untapped potential to lead in this space.
"With the right approach, investing in early tech could unlock significant opportunities, boosting the country’s growth and elevating its reputation as a hub for cutting-edge industries."
