Invest NCT partners with Canadian VC firm to launch RM615 million initiative to fuel start-ups at NSIP
KUALA LUMPUR: Canadian venture capital firm Intrinsic Venture Capital has partnered with the Invest NCT Programme under NCT Group to support industrial innovation and drive Malaysia's economic transformation.
The partnership aims to leverage Intrinsic Venture's RM615 million (CAD 200 million) fund to catalyse innovation, smart industry growth and global market integration from Malaysia.
It also aims to empower high-growth start-ups and advanced industries at the NCT Smart Industrial Park (NSIP), under the theme " New Money for New Industries".
The fund targets strategic sectors including semiconductors, medical technology, electronics, green technology and digital infrastructure, positioning NSIP as Southeast Asia's leading hub for smart industrial transformation.
The initiative was formalised with the signing of a Memorandum of Understanding (MoU) today between NCT Group and Intrinsic EO, a global cross-border financial consultancy.
