The need for a Vibrant Technology Venture Capitalists Sector in Malaysian Innovation Technology Industry.
photo: oneeighty.co.nz Often, technology startups have trouble scaling up to profitable business venture from pilot scale. Majority of Tech startup failed at this stage. This is the phase often dubbed the valley of death phase due to the very high risk in the venture. In the US, this phase is bridged by bold venture capitalists who embraced the risks while prospecting very high potential returns. In Malaysia normally the funding in this phase are covered by grants from government instead of the venture capitalists. Unfortunately this come with problems that results in less than optimum outcome. The problem is that the grant and soft loan from government does not help in terms of business viability and vitality that venture capitalists would otherwise lend. They don’t necesarily come with the resources with business acumen and tenacity needed to be injected into the new startups. They are rather like cushions and crutches that does not really prepare the startups for th...