KUALA LUMPUR: Malaysia Venture Capital Management Bhd (Mavcap) has affirmed its commitment to companies under its fund portfolios by providing financial capital, guidance, knowledge and skills sharing sessions.
The venture capital firm will also provide access to its broad global network to propel the companies to a wider reach of customers and audience to tap into new territories.
Mavcap chief executive officer Shahril Anas Hasan Aziz said through this trying period, Mavcap has assisted Malaysian start-ups and entrepreneurs in navigating their businesses during the Covid-19 pandemic.
"We are pleased to note that many of our investee companies have been able to leverage on new emerging opportunities to cater to consumers' evolving needs, particularly by accelerating digital adoption," he said.
Shahril said as the company continues to assist its investee companies, it is fully supportive of the government's forward-looking plans, which will boost digitalisation and e-commerce as a key thrust to propel the nation's development.
"This is well-aligned with our ongoing drive to ensure that our investee companies can weather the impact of the Covid-19 pandemic," he said.
Meanwhile, Shahril said the National Recovery Plan announced by Prime Minister Tan Sri Muhyiddin Yassin is encouraging, with defined thresholds to re-open and restart the economy in phases.
"The global Covid-19 pandemic has brought many challenges for Malaysia, and it has been a tough period, especially for small and medium enterprises (SMEs).
"The National Recovery Plan is certainly timely, as there is now a clear path ahead for the nation to emerge from this crisis," he added.