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DR Fauziah Desa wears many hats #150; a company founder, chief executive, entrepreneur and research pharmacologist. And, she is good at it.
MALAYSIAN Venture Capital Management Bhd (Mavcap), the forerunner in assisting small players in the IT field, has increased the ceiling for funding available under its Seed Ventures Fund from RM500,000 to RM2mil per start-up, its senior vice-president (direct ventures) Bernard Yaw said.
MALAYSIA Venture Capital Bhd (Mavcap) has invested RM78.8mil of the RM500mil fund it manages, in 28 companies, said Second Finance Minister Datuk Jamaludin Jarjis.
MALAYSIA Debt Ventures Bhd (MDV), a debt financier and development facilitator for information and communications technology (ICT) companies, aims to approve loans totalling over RM800mil to information technology (IT)-related firms incorporated in Malaysia by the end of this year.