Khairy: Cash flow issues of tech start-ups to be raised with govt

KUALA LUMPUR: The issue of cash flow problems among tech start-ups will be raised with the government, says Khairy Jamaluddin.

The Science, Technology and Innovation Minister added that he had heard of the challenges that were raised in a webinar (web seminar) session that involved Malaysia Debt Ventures Bhd, Cradle Fund Sdn Bhd and Malaysia Venture Capital Management Bhd, which urged the government to inject more relief funds to tech start-ups, as their cash flow could not last beyond two or three months.

“I have heard their challenges, especially the problem with cash flow.

“I will discuss with the other ministers on how the companies can be helped, ” he said in a webinar on “Building Resilience in the Tech Sector” Monday (March 30).

The webinar outlined the overall government’s agenda and direction for the technology sector and the funding programmes available to support the government’s objectives.

In the discussion, Khairy said that despite the current difficult economic situation and the imposition of movement control order, investing in technologies can protect companies and businesses and cushion the economic impact.

Although the government has introduced economic stimulus packages to wade through the difficult time, he said feedback given will help the government understand the situation and ensure tech start-ups and the economy survive.