Private investment firm RHL Ventures has announced the launch of an accelerator programme to identify and scale Malaysian businesses dealing in emerging technologies.
The VC firm has also inaugurated its new office in Kuala Lumpur.
RHL Ventures made the announcement during a press conference hosted by its Managing Partners, Rachel Lau and Raja Hamzah Abidin, as well as General Partner Jo Jo Kong. During this session, they shared RHL’s upcoming plans to nurture Malaysian companies that have high potential in scaling their innovations within the domestic market and abroad.
This was followed by a panel discussion comprising Yang Berhormat Syed Saddiq Syed Abdul Rahman (Minister of Youth and Sports of Malaysia), Yang Mulia Tengku Dato’ Sri Zafrul Tengku Abdul Aziz (Group Chief Executive Officer & Executive Director of CIMB Group Holdings Berhad) and En. Jalil Rasheed (President and Group CEO, Permodalan Nasional Berhad). Their deliberations centred around the state of Malaysia’s SME and entrepreneurial ecosystems.
The discussion particularly focused on what efforts they need to take to scale in a new era of industry underpinned by business innovation and technological transformation, as well as the significant role that investors need to take to promote sustainable economic growth.
Meet the VC: RHL Ventures on sniffing out a good deal and why VCs need to work together
“Our new accelerator programme underlines our firm’s stronger refocusing of efforts to grow Malaysia’s entrepreneurial and investment ecosystem along more sustainable lines,” said Lau. “With Malaysia’s innovation landscape now being more vibrant and dynamic than ever before, we are looking forward to identifying and working with the country’s best and most forward-thinking businesses. This way, we want to help them scale their innovations and grow them to become local and global champions.”
As part of its drive to support the growth of local businesses and entrepreneurs, RHL Ventures earlier this year announced the launch of RM100 million (US$24.3 million) fund to support the growth of local SMEs.
Founded in 2016, RHL has invested several tech startups, including healthcare SaaS company HealthMetrics, and healthy snacks e-commerce platform Signature Market. In February, RHL invested an undisclosed sum in Atap.co, an online marketplace for interior designer sourcing and hiring.
The post RHL Ventures launches accelerator programme for startups in emerging technologies in Malaysia appeared first on e27.