MIGHT Annual Report 2021

TAKES IT REGIONAL

VentureTECH took its funding initiatives a notch higher with the strategic partnering with Japan's SBI Ventures Malaysia. The partnership elevates VentureTECH’S fund management and fundraising into the realm of a regional playing field. This is especially crucial in efforts to further scale up local industries through providing support and linkages, as well as establishing networks and expertise thus fuelling their business growth and expansion globally. The VentureTECH – SBI Ventures Malaysia partnership would also boost private equity investment from Japan with direct impact on transformation on the digitalisation of Malaysia's micro, small and medium enterprises. Additionally, the collaboration also supports technology players in the provision of higher value-added products and services and improvements in productivity and competitiveness through the use and application of Fourth Industrial Revolution (IR4.0) technologies and Internet of Things (IoT) in areas such as agro-based smart farming and digital healthcare. Since its inception in 2009, VentureTECH has invested in and committed to 23 technology industry leaders in the targeted bio-based, emerging, and green industries, with aggregate investee net worth surpassing RM1.2 billion.

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