The effort will be executed by its affiliate Capital Markets Malaysia (CMM) under Malaysia’s first corporate venture capital (CVC) programme that was launched today to promote the domestic venture capital and private equity ecosystem.

The objective, the SC said in a statement to the media, is to build confidence in the role of corporates to catalyse growth.

The statement said that CMM will collaborate with the Malaysian Digital Economy Corporation (MDEC) in its inaugural programme to spur economic transformation and progress.

“This will see CMM working alongside the relevant agencies and investment entities in Malaysia to improve access to capital, capacity building as well as business leadership and development,” the SC said.

SC executive chairman Awang Adek Hussin, who is also chairman of CMM, said the Capital Market Masterplan 3 (CMP3) would lead to a more sustainable and equitable economy.

“To facilitate wider population participation in the economy, (we) require enabling infrastructures and networks, especially greater access to capital and funding avenues,” he said.

He said the CVC programme would build on the existing ecosystem to connect players across the public and private markets as well as start-ups and large-cap PLCs.

CMM general manager Navina Balasingam said the objective for CVC is to shape a more vibrant and private marketplace by attracting corporate investments and to help PLCs understand when and how to leverage on CVC to fuel strategic growth.

The collaboration with MDEC is expected to give companies in the digital industries easier access to capital, laying the foundation for a strong and robust pipeline of growth-focused businesses.

CEO of MDEC Mahadhir Aziz said the CVC programme complements its efforts to drive investments, build local tech champions, catalyse the innovation ecosystem and propagate digital inclusivity.