Malaysian Venture Capital Berhad (Mavcap): The Journey So Far (2001-2013)

In a knowledge-driven economy, economic growth is increasingly dependent upon technology entrepreneurship and growth of technology based firms (TBFs) whereby ability of these entrepreneurs to raise capital for commercial growth is a huge challenge that usually impedes development. However, the government of Malaysia has identified Venture Capital (VC) as being among the most vital technology financing mechanisms assisting research and development (R & D) activities, from encouragement of rudimentary scientific research to technology development and commercialization. The objective of this study is to review the activities of Malaysian Venture Capital Berhad (MAVCAP) from inception about 12 years ago and find out if the main purpose of establishing the organization has been achieved. The methodology adopted here is a single case study based on an in-depth review of empirical literature, newspapers, secondary data and document analysis of the activities of the case study organization. This study concludes that the main purpose of establishing the Malaysian Venture Capital Management Berhad has so far been achieved. Though there is room for improvement in certain areas which has already been identified by those in the helm of affairs