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VentureTECH Invests RM28 Million in Three Bumiputera Tech Firms
🇲🇾 Malaysia /Economy & Trade

VentureTECH Invests RM28 Million in Three Bumiputera Tech Firms

From Utusan Malaysia · () Malay

Translated from Malay, summarized and contextualized by DistantNews.

At a glance

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  • VentureTECH invested RM28 million in three high-growth, high-value Bumiputera technology companies.
  • The investment aims to accelerate innovation in industrial automation, digital inclusion, and healthcare technology.
  • The supported companies are Move Robotic, Recove Group, and Edote.

VentureTECH Sdn. Bhd. has injected RM28 million into three promising Bumiputera technology firms, signaling a strong commitment to fostering innovation within Malaysia's tech sector. The investment targets companies with high growth and high value potential, aiming to accelerate advancements in key areas like industrial automation, digital inclusion, and healthcare technology.

The three companies selected to receive this funding are Move Robotic Sdn. Bhd., Recove Group Sdn. Bhd., and Edote Sdn. Bhd. This strategic allocation of capital is expected to bolster their capabilities and market reach, contributing to the broader goal of strengthening Malaysia's technological landscape.

This initiative by VentureTECH underscores a focused effort to support and elevate technology enterprises led by Bumiputera entrepreneurs, aligning with national objectives to enhance technological self-sufficiency and economic competitiveness.

DistantNews Editorial

Originally published by Utusan Malaysia in Malay. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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