Malaysian government to set up RM100 million fund to support startups

The government will invest RM50 million and allocate RM50 million into venture capital fund-of-funds.

Malaysian government to set up RM100 million fund to support startups | BEAMSTART News

- From our Sponsors -

The Malaysian government will be allocating RM100 million to invest into innovation-focused companies starting from 2020.

The first RM50 million will be invested by the government directly into four key sectors — health and wellness, fintech in Islamic finance, Industry 4.0 (manufacturing), and halal supply chain.

The balance of RM50 million be managed by venture capitalists who have international experience as they will be able to properly advise local start-ups on how to meet the needs of the international market.

Yeo Bee Yin, Minister of Energy, Science, Technology, Environment, and Climate Change.

The investment returns gained by the government when it eventually pulls out of the investments will be used to help other startup companies.

The ministry will be providing RM16 million grant for research and development for innovation to help scale up start-ups as part of the Shared Prosperity Vision,” the Energy, Science, Technology, Environment, and Climate Change Minister Yeo Bee Yin said.

- From our Sponsors -

Latest Jobs

News Editor

British Broadcasting Corporation

Hong Kong, Hong Kong (香港)

Full Time

Salary Undisclosed

Full Stack Developer - Financing Domain

OnDemand Agility


Full Time

SGD 4050 — SGD 4300 monthly

EA Personnel (Work Pass)

Trinity Employment


Full Time

SGD 2000 — SGD 3500 monthly

Senior Events Manager/ Director

Thomson Reuters

Singapore , Singapore

Full Time

USD 17000 — USD 25000 monthly

Digital Marketing Intern

Undrcut Digital Marketing



SGD 1000 — SGD 1500 monthly

Influencer Marketing Associate


Yogyakarta, Indonesia

Full Time

SGD 400 — SGD 1000 monthly

English Content Writer


Jakarta, Indonesia

Full Time

SGD 300 — SGD 600 monthly

Fund Accountant

Decacorn Capital


Full Time

SGD 2500 — SGD 5000 monthly

Investment Analyst

Accial Capital


Full Time

SGD 4000 — SGD 6000 monthly

Enterprise Solution Project Manager

Jakarta, Indonesia

Full Time

SGD 2000 — SGD 2100 monthly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest news, events, and opportunities.


Download the Community App

Connect with the BEAMSTART Entrepreneurship Community from the palm of your hands. Connect with CEOs/Founders, Investors, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2021 BEAMSTART. All Rights Reserved (Legal).