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Venture Capital in Malaysia: A Case Study of Malaysian Venture Capital Berhad (MAVCAP)

Ajagbe, Akintunde M. and Ismail, Kamariah (2013) Venture Capital in Malaysia: A Case Study of Malaysian Venture Capital Berhad (MAVCAP). Australian Journal of Basic and Applied Sciences, 7 (10). pp. 368-375. ISSN 1991-8178

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The idea of the establishment of Malaysian Venture Capital Berhad (MAVCAP) was conceived when information and communications technology (ICT) were beginning to transform firms universally and it was obvious that the future lie in knowledge-driven economy. Particularly in the USA, such companies where being born on a daily basis with venture capital (VC) boosting their exponential development. In view of this, the Malaysian government dreamt to replicate some of the interesting successes in the domestic economy and pushed the progress of the country through to the next logical phase, one that is based on intellectual property (IP). Hence, they government identified Venture Capital as a veritable instrument essential to finance technology innovation by supporting research and development (R & D) activities in universities and other public research institutes. The objective of this study is to review the activities of MAVCAP from inception about twelve years ago and find out if the main purpose of establishing the organization has been achieved. The methodology adopted here is a single case study based on in-depth review of empirical literature, newspapers, secondary data, and document analysis about the activities of the case study organization. This study finds that up to date, MAVCAP has succeeded in collaboration with other active agents in the innovation ecosystems helped to build a thriving VC industry in Malaysia. MAVCAP has also contributed in no small measure in helping to groom pools of VC professionals among young Malaysian university graduates

Item Type: Article
Uncontrolled Keywords: Commercialization; Equity Finance: High Tech Companies; Research and Development; Technology Innovation
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HF Commerce
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 27 Apr 2015 11:12
Last Modified: 27 Apr 2015 11:12

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