SME CORP MALAYSIA MAKES DEBUT AS VC IN US$24 MIL FUND WITH RHL VENTURES
( L to R) RHL Ventures Partners , Teng Chen Shun, Jo Jo Kong , Rachel Lau , Tengku Ahmad Ridhwanuddin and Raja Hamzah Abidin In a first for Malaysia’s venture capital sector, SME Corp Malaysia, the key agency promoting and driving the SME sector, has decided to up its game and get directly involved in the growth of SMEs via equity investment as a venture capital company. Together with private investment firm RHL Ventures, SME Corp Malaysia has announced a US$24.3 million (RM100 million) fund designed to support the growth of local small and medium enterprises (SMEs). The first…