20 Jul '12, 3am

Agensi Inovasi Malaysia invests US$6.8M in Malaysian startups

Agensi Inovasi Malaysia invests US$6.8M in Malaysian startups July 20, 2012 by Stephanie SUTANTO Agensi Inovasi Malaysia (AIM), a Malaysian statutory body established by the government in 2010 to stimulate and develop the innovation eco-system in the nation, has announced plans to invest a total of RM21.4M (US$ $6.8M) into three Malaysia-based startups. These companies are Quantum Electro Opto Systems (QEOS), Sekhar Research Innovations (SRI), and Mecha-Medic Solutions . The news was first reported by Digital News Asia on 28th June. AIM’s investment will help build and provide market and industry access for these companies. It is investing RM10.5M (US$3.3M) into QEOS, RM6M (US$1.9M) into SRI, and RM5M (US$1.6M) into Mecha-Medic Solutions. AIM hopes its investment will enable the companies to connect with relevant and specific industry groups as well as reach out to potenti...

Full article: http://sgentrepreneurs.com/news-stop/2012/07/20/agensi-in...

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