Major VCs in region form ASEAN lobby to ride regional opportunity

Major VCs in region form ASEAN lobby to ride regional opportunity

The flags of Association of Southeast Asia Nations (ASEAN) member states. Credit:Wikimedia Commons

The Singapore Venture Capital & Private Equity Association (SVCA) and the Asosiasi Modal Ventura Untuk Startup Indonesia (AMVESINDO) – also known as the Indonesia Venture Capital & Startup Association – have jointly announced the creation of the ASEAN Venture Council (AVC). A Memorandum of Understanding (MOU) to this effect was signed on August 30 in the presence of Indonesian President Jokowi Widodo.

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