Angels in Malaysia lack strong ecosystem support, but doing well: Survey

Source from Digital News Asia

Asian Angel Investor

WHILE the Malaysian business angel industry has grown in the past year, there is still a lack of ecosystem support and understanding of angel investing in the country, a survey by the Malaysian Business Angels Network (MBAN) and Cradle Fund Sdn Bhd has found.

There is room for growth in terms of educating key stakeholders, developing government support, and forming business angel networks within the country, according to The Emerging Business Angel Market in Malaysia – A State of The Nation survey.

Cradle is a non-profit under Malaysia’s Ministry of Finance tasked with developing entrepreneurship, and was the first secretariat for MBAN, which as of May had 124 registered angels….

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