The Malaysian Business Angel Network (MBAN), a new initiative by the Cradle Fund, an agency under the government’s Ministry of Finance, has been announced last week at the Asian Business Angel Forum (ABAF) held in Kuala Lumpur.
The network, scheduled to kick start later this year, aims to be an agent of growth for Malaysia’s startup scene, putting the country on the map as the go-to market for innovation, growth and entrepreneurship.
It will also form strategic partnerships with similar organizations around Asia to ensure cross-border investments, collaborations, and partnerships to raise the profile of the region and its businesses to the world.
Previously held in Singapore and Shanghai, this is the first time the ABAF has been held in Malaysia. It gathers angel investors, venture capitalists, government agency representatives, and entrepreneurs from the region for learning, sharing and potential exploration sessions, held over three days.