Angel investors in Malaysia and Singapore are spreading their wings.
The Malaysian Business Angels Network (MBAN) have signed a memorandum of understanding (MOU) with the Business Angel Network Southeast Asia (Bansea) to support the development of angel investors in the two countries.
Under the MOU, both parties will foster cross border investments and provide startups with access to more capital and expertise.
MBAN chairman Richard Wong said Bansea's extensive network could also help MBAN members with connections to angel groups in China, India and Thailand.
MBAN and Bansea are preparing workshops and networking sessions scheduled for the next six months.
This includes a half-day workshop themed Think like a VC which aims to equip the potential angel investors with the right skills of investing and nurturing successful companies and a full day networking session where angels from both MBAN and Bansea will also be introduced to Malaysian start-ups.
This is the second MOU that MBAN has signed with an international business angels network, following the MOU with the European Business Angels Network (EBAN) in October last year.
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