KUALA LUMPUR, Malaysia, Sept 8 (Bernama-PRNewswire) — ScaleUp Malaysia today announced that they have entered into an exclusive partnership with Quest Ventures, a Singapore-based venture capital firm to invest and scale the regional growth of top Malaysian startups. The partnership with Quest Ventures will bring in a Foreign Direct Investment deal worth US$1,000,000 (RM4,150,000) to develop and grow Malaysian startups.
To qualify for the Cohort 2 program which was also launched today, scaleups must be operating on business models that have the propensity to disrupt existing markets or have solutions that are able to navigate future challenges and take advantage of opportunities brought about by the current economic climate.