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Emissary Capital and GrowthX Launch ASEAN s First Go-to-Market Accelerator, Business News

May 27, 2021 KUALA LUMPUR, MALAYSIA - Media OutReach  - 27 May 2021 - Emissary Capital , a boutique investment firm focusing on ASEAN, and GrowthX, a Silicon Valley-based venture capital fund and go-to-market accelerator, today announced their partnership to launch MXP Online - the GrowthX Go-to-Market Accelerator - across ASEAN.   MXP Online is a go-to-market accelerator program designed to give companies the processes and knowledge frameworks to accelerate their businesses/products towards effective market fit. This allows businesses to generate revenues and profits faster through products that are better suited to the markets they are addressing. This is a skillset often overlooked by most accelerator programs that tend to focus little on market-based curriculums. This is also a crucial skillset for businesses operating in the ASEAN region that is renowned for high levels of market fragmentation and where businesses may need to re-develop market fit multiple times acros

Penjana Kapital raises RM676m in funding for start-ups

Penjana Kapital raises RM676m in funding for start-ups The Edge 4 hrs ago Arjuna Chandran Shankar © Provided by The Edge KUALA LUMPUR (May 19): Penjana Kapital Sdn Bhd, a company set up by the government to operationalise the Dana Penjana Nasional (DPN) programme, has raised RM676 million in funding for start-ups. In a statement, the company said 55% of the funds or RM372 million came from various foreign investors, specifically from Hong Kong and South Korea. The RM676 million was raised via eight Malaysia-based venture capital (VC) fund managers selected as part of the DPN programme, Penjana Kapital said, noting that the amount exceeded its initial fundraising goal of RM228 million by RM448 million or 200%.

HK s Bradbury AM commits RM150m to Crewstone Bradbury Penjana Fund

Bradbury Group CEO Keith Loo and Crewstone International Sdn Bhd (Malaysia) CEO Ahmad Izmir Mujab. KUALA LUMUR: Bradbury Asset Management (Hong Kong) Ltd has committed up to RM150 mil of foreign investment via one of its offshore funds into the Crewstone Bradbury Penjana Fund. In a statement on Friday, BAMHK an asset management company established in Hong Kong in 2012 – said the fund was established in partnership with Crewstone International Sdn Bhd (Malaysia) and Penjana Kapital Sdn Bhd, under the Ministry of Finance Malaysia (MoF). “The fund seeks to invest in technology projects in Malaysia, capitalising on the growth potential of Malaysian ventures or regional companies planning to establish a presence in Malaysia, ” it said.

Finance Ministry charts course for Malaysia s economic recovery | Malaysia

Sunday, 07 Mar 2021 07:30 AM MYT Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz speaks to the media, September 6, 2020. Bernama pic Subscribe to our Telegram channel for the latest updates on news you need to know. PUTRAJAYA, Mar 7 The Finance Ministry has set six main targets for 2021 to alleviate the burden faced by the people amidst the Covid-19 pandemic and, at the same time, revive the country’s economy. Its minister, Senator Tengku Datuk Seri Zafrul Abdul Aziz, said his ministry is focusing on creating 500,000 new job opportunities with the setting up of the National Employment Council as well as systemic efforts under the ‘Jaminan Penjanaan Pekerjaan’ (JanaKerja) Scheme.

MDEC s alternative funding programme is a game changer for Malaysian startups

Malaysian entrepreneurs will find more funding options to overcome economic challenges, thanks to MDEC. THE Malaysia Digital Economy Corporation (MDEC) has unveiled its latest Alternative Funding Programme this year to help entrepreneurs who are facing economic challenges in the wake of the Covid-19 pandemic. Under this programme, MDEC is partnering with 11 crowdfunding operators to assist Malaysian entrepreneurs to overcome financial difficulties during the health crisis. This is the second consecutive year that MDEC is offering the Alternative Funding Programme led by its Global Growth Acceleration (GGA) division. Last year, the same programme saw 16 companies successfully listed on participating platforms with a total of RM19.89mil raised.

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