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Malaysian Reserve, 10 March 2008

Malaysian Venture Capital pays tribute to nine organizations

THE Malaysian Venture Capital & Private Equity Association (MVCA) has given awards to nine companies in recognition of their contributions in supporting new businesses or projects by entrepreneurs and high growth companies.

Among the recipients are HSBC Bank Bhd MCA ICT Resource Centre, Multimedia Development Corporation, Malaysian Debt Ventures Bhd, Malaysian Biotechnology Corporation, Malaysian Venture Capital Management Bhd, The Cradle Fund and Lim Kok Wing University of Creative Technology.

These contributions were in the form of capital financing, incubation of innovative ideas and technology as well as assistance and support towards the commercialisation of products or services.

“MVCA is also giving awards to venture capital and private equity companies which have raised funds between 2006 and 2007,” MVCA chairman Azam Azman said at the MVCA Annual Awards Dinner 2008 in Kuala Lumpur.

He said the recipients included CIMB Private Equity & Venture Capital, Malaysian Technology Development Corporation Sdn Bhd, Malaysian Venture Management Incorporation Sdn Bhd and Mayban Ventures Sdn Bhd.
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