24 Oct '11, 10am

Malaysian government seeks to spur local tech startup scene. Bolehkah?

Which brings us to the other half of creating a strong startup community, there must be the available capital to sustain these activities. And this is where the involvement of private equity is important. Yes, the government can help kickstart the equity part of a startup community, much like how the Singaporean government is doing. However, a strong startup community rides more on private equity than on government funding. A behavior that has been proven through the success of Silicon Valley. And, from my interviews with US-based investors, I have learnt that a startup community will not attract foreign investors unless there is already strong and active local private equity involvement in the community itself. This gives an indication to foreign venture capitals that there is potential in the region. To gain the confidence of the local private equity community, the start...

Full article: http://e27.sg/2011/10/24/malaysian-government-seeks-to-sp...

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