The Malaysian Ministry of Science, Technology and Innovation (Mosti) is targeting to increase the country’s venture penetration rate from 0.19% in 2022 to 0.25-0.35% by 2030, as part of its newly launched Malaysia Venture Capital Roadmap (MVCR) 2024-2030.
The venture penetration rate, which refers to the proportion of venture capital investment relative to the country’s gross domestic product (GDP), is projected to be about $1.4 billion at the targeted 0.35%, compared to the 2022 figure of $758 million.
