Kuala Lumpur is quickly becoming a Financial Tech powerhouse in Southeast Asia. Ranked the 31st most powerful city by the Global Power City Index, the Malaysian capital is proving itself an attractive and affordable location for entrepreneurs to setup shop. However, more can be done to create better investment opportunities for the startup ecosystem.
- GIST Investors: Malaysia Supporting Angel Investors in Southeast Asia
- GIST Investors Builds Stronger Startup Ecosystem in Malaysia
The U.S. Department of State Global Innovation through Science and Technology (GIST) Initiative, along with implementation partner VentureWell and local partners SizzleScience, the Academy of Sciences Malaysia, University of Malaya, Cradle, Malaysian Technology Development Corporation (MTDC), and Technology Park Malaysia, provided continuous support for the Malaysian startup ecosystem by launching a second GIST Investors Mobilization Training Program (GIST Investors) on April 2, 2019. This in-person training was held in Kuala Lumpur and is another part of the GIST continuing commitment to supporting the Malaysian investor ecosystem.
The training brought leading global investors to train Malaysian investors on deal sourcing, conducting due diligence, and negotiating term sheets and valuations. The program equipped Malaysian investors with a sound knowledge base so they could continue to support the thriving Malaysian entrepreneurial ecosystem.
In addition to the in-person training, GIST Investors hosted two optional informational webinars for participants leading up to the April program. Presented in February and in March, these webinars covered high-level topics such as the fundamentals of angel investing, deal sourcing, and due diligence.
SIZZLESCIENCE is a technology commercialization consulting company comprised of entrepreneurs and investors in Kuala Lumpur, Malaysia. SIZZLESCIENCE works with scientists and researchers from universities and research labs, as well as founders of early and growth stage companies, to discover and validate repeatable and scalable opportunities in Malaysia and South East Asia by designing investment-ready business models and building customers, partners, and investors in a highly accelerated space.
SIZZLESCIENCE recently partnered with Angels in Science, an angel group in Kuala Lumpur to jointly invest in technologies from universities and research labs are positively impacting global health.
To learn more about SIZZLESCIENCE and Angels in Science, contact Murali Prasad Y. Vandayar at [email protected]
About Academy of Sciences Malaysia
The Academy of Sciences Malaysia (ASM) is a statutory body representing the scientific minds of Malaysia. The Academy is mandated by the Academy of Sciences Malaysia Act 1994 with 14 functions. One of the major functions is to advise the government and stakeholders on matters related to science, engineering, and technology (SET). ASM also places high importance on pursuing excellence in SET for the benefit of all.
ASM’s programmes are designed to champion science literacy, nurture talent in science and assist players of quadruple helix in bringing science to benefit the society. ASM also collaborates and partners with corporations and ministries and actively participates in the global SET arena positioning Malaysian scientists in various platforms and programmes.
Cradle provides grant and equity financing to early-stage tech startups involved in various technological sectors. Their main focus is creating an ecosystem that supports a strong and innovative business-building environment for technology entrepreneurs.
About Malaysian Technology Development Corporation (MTDC)
For 25 years, MTDC has been the key player in technology commercialization in Malaysia and promoting the adoption of technologies by local companies. They are in the business of fund management, incubation, advisory, and nurturing services. Through the right mix of dedication, knowledge, technology, innovation, conviction, support, investments and nurturing makes MTDC capable of creating value and accelerating economic growth for the nation.
About Technology Park Malaysia
Technology Park Malaysia Corporation Sdn Bhd (TPM) is the innovation facilitator and technology enabler of Malaysia. It was established by the Ministry of Finance, Malaysia in 1996 and operates under the auspices of the Ministry of Energy, Science, Technology, Environment and Climate Change (MESTECC).
As the national driver of innovation and technology, TPM manages and operates Malaysia’s leading and premier 686-acre technology park campus in Bukit Jalil, Kuala Lumpur. With its modern infrastructure and state-of-the-art facilities, it boasts as the only 4th generation incubator service provider in the country offering a comprehensive range of services.