MDEC unveils US$45M investment initiative with Ascent, CCV to strengthen Malaysian startups

Quick Summary:

These strategic partnerships will strengthen Malaysia’s digital economy, bringing in capital investment of up to US$45 million (RM200 million) to fuel innovation and accelerate the growth of local startups.

State-run Malaysia Digital Economy Corporation (MDEC) has signed Memorandums of Understanding (MoUs) with Singapore’s Ascent and Indonesia’s Central Capital Ventura (CCV).

The partnerships will also foster local innovation and talent development and contribute significantly to Malaysia’s transformation into a dynamic, digital-first nation.

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Article Details

Author / Journalist: Sainul

Category: StartupsTechnology

Markets: SingaporeIndonesiaMalaysia

Topics: News MDEC Investments Malaysia Digital Economy Corporation Central Capital Ventura

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 06:30:12 (2 days ago)

News Timezone: GMT +8:00

News Source URL: e27.co

Language: English

Article Length: 280 words

Reading Time: 2 minutes read

Sentences: 1 lines

Sentence Length: 280 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © e27

News ID: 23336548

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Main Topics: StartupsTechnology

Official Website: e27.co

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