KUCHING: Sarawak Digital Economy Corp’s (SDEC) initiative, the Sarawak Business Angel Network (SBAN), has signed a memorandum of agreement with the Malaysian Business Angel Network (MBAN) to strengthen the angel investment ecosystem in the state yesterday.
SDEC said in a statement that the partnership aimed to connect Sarawak’s investor community with national and regional networks, expand access to quality deal flow and share best practices in angel investing.
Sarawak Youth, Sports and Entrepreneur Development Minister Datuk Seri Abdul Karim Rahman Hamzah said the formation of SBAN marked a bold step forward in building a community of angel investors in Sarawak visionaries who invest not only in companies, but also in people and possibilities.
“We want to see our own homegrown startups get backed by Sarawakian investors. We want to see our innovations reach beyond our borders.
“I would like to thank the SEDC for its continued leadership in enabling this ecosystem and MBAN for partnering with us to share your national experience and best practices,” he said in a statement.
Abdul Karim also urged potential angel investors to consider not just the return on investment, but also the return on impact.
“Our startups continue to dream boldly, solve real problems, and build with purpose. You now have a growing network of support behind you,” he added. — Bernama
