Laying down growth pipes for the startup ecosystem
Much said approximately funding hole, but it’s sincerely increase degree investment that is lacking A void Mavcap and Silicon Valley’s Elixir Capital Management desire to fill THROUGHOUT the insanity that was the weekend-lengthy release of the Malaysian Global Innovation and Creativity Centre (MaGIC) in Cyberjaya in past due April, there was one particular statement that really stuck my interest. It turned into an agreement signed among Malaysia Venture Capital Management Berhad (Mavcap) and Silicon Valley-based fund supervisor Elixir Capital Management to launch the ECM Straits Fund, in order to goal boom fairness funding possibilities to assist scale small-to-medium organisations (SMEs) inside the vicinity. The fund, which currently has a commitment of US$50 million with a target of US$one hundred fifty million, represents the first of the partnerships focused to be signed under Mavcap's 1/3 Outsourced Partners Programme (OSP3). To say I turned into pleased on the inf...