KUALA LUMPUR, Sept 21 — Kumpulan Wang Persaraan will invest up to RM500 million over the next 18 to 24 months into the newly launched fund called Dana Perintis, which is aimed at injecting vitality into Malaysia’s venture and startup ecosystem.
Hazman said that Dana Perintis is an initiative that also serves as a testament to KWAP’s commitment to enhancing the growth of Malaysia’s startup industry. “The significant allocation of RM500 million is an important recognition that good ideas need to be backed, and more good ideas need a chance to be developed. By putting a significant sum into early-stage and incubators, we also come to accept the reality that the future is Asean, and Malaysia is the best testbed for the largest economic blocs in Asia.
“A substantial portion of up to RM250 million will be directed towards investing in VC funds with exposure focusing on Malaysia. This approach aligns with KWAP’s endeavour to support the development of a self-sustaining venture ecosystem.