KUALA LUMPUR: The National Fund-of-Funds (NFOF) will be established under Khazanah Nasional Bhd to help in channeling investments for Malaysian start up companies.
Prime Minister Datuk Seri Anwar Ibrahim said the NFOF will begin operation next month and a RM300 million allocation would be channeled for investment purposes next year.
"The National Fund-of-Funds (NFOF) will be established under Khazanah, operating next month with a fund of RM1 billion to support venture capital fund managers in investing in startup companies, with RM300 million allocated for 2025.
"The Retirement Fund Inc (KWAP), under the 'Dana Perintis' is providing RM1 billion to support local startup activities, with RM200 million specifically allocated for 2025," he said in the 2025 Budget.