KUALA LUMPUR, Oct 14 (Bernama) -- Malaysia is targeting RM700 million in venture capital (VC) investments and an estimated 2,000 to 3,500 additional active startup companies by 2030 through the KL20 initiative, said Minister of Economy Akmal Nasrullah Mohd Nasir.
Business : KL20: Malaysia Targets RM700 Mln Venture Capital Investments By 2030 -- Akmal Nasrullah
KL20, venture capital, startups, investments, Akma
BE Bernama 
Key points
- According to the minister, KL20 is an endeavour to strengthen the nation’s startup ecosystem and place Malaysia among the world’s top 20 for that ecosystem.
- Akmal Nasrullah said developing the ecosystem also requires support and involvement from the capital sector and market players to enable founders to scale up and increase the value of their creations.
- KL20@Kuala Lumpur, scheduled to take place on Oct 19 at The Campus Ampang, will focus on scaling startups nationwide by providing access to capital, strategic partners, and global markets.
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- Bernama Business : KL20: Malaysia Targets RM700 Mln Venture Capital Investments By 2030 -- Akmal Nasrullah (this story)
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