30 Jul '11, 8am

Plug & Play Malaysia in talks to fund several startups

Plug & Play Malaysia in talks to fund several startups July 30, 2011 by Terence LEE Several startups are in discussions to tap on Plug & Play Malaysia ‘s funding and connections with overseas investors, reported Bernama . Plug & Play Malaysia, also known as Real Plug & Play, is a combination of an incubation centre and a business development ecosystem. The company is wholly owned by PKNS Holdings, and a licensee of the Plug & Play Techcenter , a thriving global community of over 300 startups. Real Plug & Play was set up by PKNS to address local startups’ lack of expertise in pushing themselves to the technology market and lack of access to funding for commercialization of their product towards regional success. Lack of funding is also another concern. “Most of the venture capital providers in Malaysia are government agencies that are adverse to big risks. But startups cann...

Full article: http://sgentrepreneurs.com/singapore-entrepreneurs/2011/0...

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