Week in Review: It's all about the money

  • High tech startup QEOS land RM10m in project funding
  • Malaysian Business Angels Network launched, concentrated on RM100 million in angel investments by means of 2020
Week in Review: It's all about the moneyIT'S ALL approximately the money this week. RM10 million and a capacity RM100 million. [RM1 = US$0.33]   The RM10 million is correctly inside the bank account of Quantum Electro Opto Systems (QEOS), thanks to a maiden funding via Agensi Inovasi Malaysia (AIM). The high speed LED startup objectives to use the investment to develop its valuation to US$one hundred million by using the cease of 2013 says its chief government officer, Dr Gabriel Walter.   Gabriel, who has been constructing the company considering 2008, is positioning QEOS to be received in some unspecified time in the future by means of one in every of the larger global tech players. It is an uncommon method as a long way as Malaysian organizations go. The only time I can remember a Malaysian startup being acquired through a international tech player was a 3-individual startup in 2009 by means of Facebook.   Walter's story is interesting due to the fact the Sarawak-born Kelabit turned into persuaded to release his startup in Malaysia way to a Ministry of Science, Technology and Innovation supply of RM2.8 million below the Brain Gain Diaspora supply.  He in the end acquired funding from Kumpulan Modal Perdana and First Floor Capital too.    Although Walter is reluctant to expose how an awful lot investment he has raised thus far, again of the envelope estimates might probably have it in the RM20 million variety. Who says doing reducing edge studies and development is cheap!    Walter has used each round of fund injections to develop the enterprise enough to convince any other investor to wager on him.   But here is the splendor of what he has achieved to this point -- he has now not satisfied any investment to are available due to the sales QEOS has, there's none yet. But as a substitute, at the capacity sales. So there is hope for our tech marketers who whinge that buyers need to see revenue streams earlier than they make a wager on any startup.   Meanwhile the group at Cradle Fund Sdn Bhd are working tough to make sure that Malaysian technopreneurs have get right of entry to to a larger pool of people who will wager on them. It has launched the Malaysian Business Angels Network (MBAN) whose assignment is to teach, train and even accredit angel investors.   Yes, we in Malaysia take our angels, significantly! We even need to accredit them. From the authorities's factor of view this must be completed as it will now act as the lower back-prevent to any losses angels make in their investments.    To recap: Effective Jan 1, 2013, an angel investor can qualify for a tax alleviation of as much as RM500,000 according to annum, in the 1/3 year of his shareholding, for any fairness investments made in a qualified era organization(s). But, to qualify for this incentive, the angel investor ought to first be accredited with MBAN.   But just having money may not get you that prized accreditation as an angel. You must additionally have area knowledge or management enjoy; at least five years in a applicable enterprise or function for instance. All that is to ensure that the angel can add fee beyond mere budget.   What I specially like about MBAN is that Cradle intends for this to be a personal quarter-led organisation. It will simply play a assisting position. Cradle is hoping to see RM100 million in angel investments made by means of 2020 and is trying to entice 30 angels by way of the end of 2013.   These are thrilling times to be a startup in Malaysia indeed.

Related Stories:

Malaysia launches countrywide angel network

QEOS goals US$100m valuation by means of quit 2013

AIM to invest US$6.7 million into three Malaysian agencies

Helping angels, and start-ups, take off


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Keyword(s) :
QEOS Gabriel Walter excessive pace LED AIM Cradle Malaysian Business Angels Network Venture Capital
Author Name :
Karamjit Singh

All the Money in the World Review A Six Week Fix for an Age Old Problem

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