Malaysia to simplify cross-border finance approvals to attract global venture capital through efficient fund flows
“This growth enables and encourages continuous talent development and upskilling, strengthening both the workforce and the economy, and lifting the rakyat further up the socioeconomic ladder,” he said in his speech after officiating the Malaysia Venture Forum 2024. “While this demonstrates the government’s commitment to nurturing startups, it also highlights a gap that must be addressed to ensure the ecosystem’s sustainability and dynamism. An ecosystem dependent primarily on public funding will struggle to fully mature.
“Venture capital, by its nature, is not without uncertainty, it is built on a foundation of high-risk, high-reward decision-making. We must recognise that there will, predictably, be investments that do not meet their intended outcomes.