Malaysia's Sunway plans much more than a quick buck from its VC venture

Malaysia's Sunway plans much more than a quick buck from its VC venture

Sunway iLabs Ventures head Eleanor Choong, Sunway group chief innovation officer and Sunway iLabs director Matthijs van Leeuwen and Sunway FutureX community manager Koo Tse Chien

The Malaysian conglomerate Sunway Group — whose interests span real estate, construction, education, healthcare, retail, and hospitality — is currently in the midst of bringing about synergies between its various verticals and its relatively nascent corporate venture capital (CVC) business.

In 2017, the group launched its wholly-owned venture capital arm Sunway Ventures, and Sunway iLabs, an incubator and accelerator. This was followed by the establishment of the $50 million venture fund Sun SEA Capital in 2018.

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