Ministry to table proposal to restructure Malaysia govt-linked VC funds in two weeks

Yeo Bee Yin, Malaysia’s Minister of Energy, Science, Technology, Environment and Climate Change (MESTECC).

Malaysia’s government will table a proposal in the parliament in two weeks to restructure government-linked venture capital (VC) funds, a minister said on Thursday.

The Ministry of Energy, Science, Technology, Environment and Climate Change (MESTECC) is currently preparing a memorandum on the restructuring of five government-linked VC agencies – Cradle Fund, Malaysia Debt Ventures (MDV), Malaysian Technology Development Corporation (MTDC), Kumpulan Modal Perdana (KMP) and the Malaysia Venture Capital Management Bhd (MAVCAP).

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