In his opening remarks, SC Chairman, Dato’ Seri Dr. Awang Adek Hussin, emphasised the importance of corporate innovation for corporates to remain competitive and relevant. He also announced the launch of the
Practical Guide on Venture Capital and Private Equity in Malaysia (VCPE Guide), which will help readers understand the operation of VC and PE fund management in Malaysia.
Here are highlights from his opening remarks:- Establishing strong foundations is important for the success of corporate innovation programmes and fostering sustained engagement with the startup community.
- The SC’s efforts in promoting corporate innovation align with the broader strategy to develop a comprehensive market-based financing spectrum for corporates and SMEs, supporting the the objectives of the KL20 Action Plan.
- The SC conducted a Corporate Innovation Survey as a ‘temperature check’ on the state of corporate innovation among PLCs.
- The respondents of the survey represent approximately 36% of the FBM 100 Index’s market capitalisation, or RM482 billion. Among the key observations, 70% of the respondents believe their company is reasonably well-prepared for innovation.
- The VCPE Guide provides practical information on local capital market regulations for VC and PE managers, foreign exchange policy, tax matters, fund structuring considerations and other areas critical to fund operations.
- The SC remains committed to foster corporate innovation through the ‘Catalyst’ series.