TLDR:
- Malaysia aims to become the preferred destination for venture capital in APAC by 2030.
- The Malaysia Venture Capital Roadmap (MVCR) outlines strategies to increase venture penetration rate and attract more venture capital professionals.
The Ministry of Science, Technology & Innovation (MOSTI) and Malaysia Venture Capital Management (MAVCAP) have released the Malaysia Venture Capital Roadmap (MVCR) for 2024-2030 with the goal of positioning Malaysia as the preferred destination for venture capital in the region. The MVCR aims to increase the venture penetration rate and attract more venture capital professionals to Malaysia. Despite Malaysia’s growth in total funding, it still lags behind more mature venture capital ecosystems in countries like Singapore, South Korea, and Indonesia.
To achieve its targets, the MVCR has identified three main challenges faced by Malaysia’s venture capital ecosystem: the optimal allocation of funding, regulatory reform, and capacity building. The strategies outlined in the MVCR include improving the ease of doing business, addressing funding accessibility, and enhancing visa schemes to attract talent. The MVCR also emphasizes diversity, equity, and inclusion in venture capital activities.
Overall, the MVCR serves as a visionary blueprint for propelling Malaysia to the forefront of the global innovation landscape. By implementing the strategies outlined in the roadmap, Malaysia hopes to increase its venture penetration rate and attract more venture capital investments, positioning itself as a key player in the APAC venture capital industry by 2030.
