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Date of Publication: 1 January 2023
Wholly-owned by
VENTURETECH
Vision
Mission
Respect, trust,
diversity and
humility
Enterprising,
pioneering and
bold
Merit-based,
excellence and
transparency
Honest,
transparent, fair
and ethical
Adaptive, resilient,
collaborative and
vigilant
Our Values
VentureTECH embraces strong core values that define us as an organisation and the way we work, upholding our
commitment to generate high value and impacts to the key stakeholders and society. They reflect and reinforce our
character and standing as a trusted investment organisation.
With passion and dedication, our core values fuel our drive to improve our performance
and achieve new milestones in order to fulfil the needs of all our stakeholders.
About
Foundation
Sustainability
Collaboration
Outreach
Our Portfolio
Datuk Ir Khalilur Rahman Ebrahim
Dr Norida Abd Rahman
• Ministry of Economy
• Ministry of Science, Technology and
Innovation (MOSTI)
• Malaysian Industry-Government Group
for High Technology (MIGHT)
Ahmad Redzuan Sidek
Our Beginning
Our Leadership
Our Governance
Our Philosophy and Approach
Our Investment Focus
Our Investment Approach
Fulfilling Our National Agenda
Investment Landscape
Driving High Value-Added and Emerging
Industry
Value Creation for Sustainable Growth
VentureTECH-SBI Ventures (Japan)
Joint Venture
Global Impact Investing Network (GIIN)
PEMACU Komuniti
PEMACU Kerjaya
Mission-Driven Founders to Leaders
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What’s
Inside
VENTURETECH
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
Today, digitalisation, healthcare, biotechnology and bio-
based industry, and other Fourth Industrial Revolution
(IR4) technology segments continue to be relevant and
will remain to be our investment focus areas in line with
the Twelh Malaysia Plan (12MP) 2021-2025, and these
high growth areas to be the impetus for the transformative
development of the Bumiputera Economic Community
(BEC). As an impact investor, VentureTECH also embeds
sustainability and environmental, social and governance
(ESG) parameters in our investment screening process for
long-term and purposeful value creation.
Chairman
We embrace our roles in developing
competitive local talents and industries
to be on par with the global standards
that will in turn create skilled and high-
income jobs, generate social benefits,
and subsequently provide sustainable
growth for the nation and its people.
By no means a small feat, the roles entrusted to us not
only drive Malaysia towards a knowledge-based high-
income economy but ensure we generate socio-economic
spillover benefits. We embrace our role in developing
competitive local talents and industries to be on par
with the global standards that will in turn create skilled
and high-income jobs, generate social benefits, and
subsequently provide sustainable growth for the nation
and its people.
In this post-pandemic period, industries have to move
away from the comfort of operating ‘business as usual’.
Industry needs to be more vigilant and dierentiated
from the competition to create distinctive value for their
customers. Accelerating digital transformation to ensure
business continuity, re-engaging and strengthening
collaborations along the supply chain, improving
productivity and pivoting business models are no longer
Message from Chairman
a choice for industry to stay afloat and drive business
growth, but rather form the underlying strategy to ensure
long-term sustainability of the business.
INVESTEES
INVESTEE NET WORTH
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
VentureTECH has continuously been guided by its
principles as a government-linked investment holding
that upholds strong corporate governance, adopting
ground-breaking innovation, facilitating multi-
stakeholder collaborations, and developing partnerships
to drive growth and profitability in all our investments.
As I write this, I am happy to note that we have on board
18 active investees, with RM1.3 billion total portfolio net
worth. I believe we have invested in resilient visionary
entrepreneurs, driven by technology and commitment to
long-term goals. Despite the diicult times, our investees
had held on to their skilled workers and upskilled and
reskilled them, as they prepared for business growth.
Policy support is still much needed and welcome for
the Small and Medium Enterprises (SMEs) particularly to
rebuild themselves.
Moving into 12MP, we are confident we have put
VentureTECH on the right path to improve returns
over the long term and deliver the benefits to all our
stakeholders. We could not have delivered the significant
milestones without the dedication of our employees, and
the trust of our valued investee companies, partners, and
key Government stakeholders, particularly the Ministry
of Economy and the Ministry of Science, Technology
and Innovation (MOSTI). The Board of Directors is very
grateful for Dr Norida Abd Rahman’s unrelenting drive and
significant contributions to the company since 2016 as she
will retire this year. I would also like to welcome Ahmad
Redzuan Sidek, current Deputy CEO/ Chief Investment
Oicer, as the incoming CEO. With an ambitious 5-year
strategic plan, the Board of Directors is confident that the
dedicated and experienced leadership team will steer the
company to realise its full potential in the new economy.
To our investee companies, we are truly proud to witness
your resilience during the diicult period, and see you
grow, reach your potential and contribute positively
to our Nation’s growth. We will continue to commit
ourselves to support our existing investee companies and
further invest in dynamic, innovative companies for future
growth.
We thank all of you for your continued partnership and
trust. This is just the beginning, and we wish you all the
best.
Yours sincerely,
Chairman
VENTURETECH
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
VentureTECH has evolved over the past decade as a
strategic investment company with a purpose-driven
mission to drive the growth of the local industrial
community particularly Bumiputera in high value-added
and emerging industries, in steering the nation to become
a sustainable high-income economy.
VentureTECH is all about making our local and
Bumiputera industry great, those that are driven by
internal competence, innovation, merits and passion,
with long-term goals. At our core is our core values –
integrity, agility, innovativeness, enterprising, empathy
and trust, that define our investment philosophy, strategy
and goals, centred on equity growth and inclusivity.
Established as one of the Bumiputera Economic
Community (BEC) transformation enablers, we have
always ensured that VentureTECH’s roles went beyond
that of a financial vehicle, a commitment entrenched
in our four key areas of business; to help build industry
leaders, nurture business growth and sustainability,
generate socio-economic multipliers, and facilitate
organisational transformation through mindset change
in embracing best practices, good values and innovation
for future success.
Our investment approach is focused on value creation as
we strive to build performance-driven industry players
through collaboration and a syndicated approach in
pursuing synergy with multi-stakeholders. Our joint
Foreword from
Managing Director
Managing Director
venture with the Japanese financial group SBI Holdings
Japan Inc. via its private equity unit, SBI Ventures Malaysia
Sdn Bhd, is a testimony of this strategic partnership
and marks our maiden foray into fund raising and fund
management into new digital segments such as fintech,
as we position ourselves as a regional player.
At VentureTECH, we invest in niche technology sectors
that have fast gained momentum on the international
front. Our three key focus areas, Biotech Industry,
Green Technology and Emerging Industry including IR4
technology are expected to see Compound Annual Growth
Rate (CAGR) of 13.9%, 21.9% and 16.3%, respectively by
2030. This trend has cemented our belief that our entry
into these niche areas over more than a decade ago was
visionary.
In 2019, we took a proactive step to become one of the
forerunners of impact investment in Malaysia by joining
forces with Global Impact Investing Network (GIIN) to
advance further development and awareness eorts into
impact investing including the ESG fronts. Our impact
investing and ESG proposition places utmost importance
on long-term value creation, without compromising
profitability, to ensure impactful outcomes and impacts
for the benefits of the stakeholders.
The unprecedented disruption and challenges
brought on by the global pandemic had accelerated
the adoption and application of technology, be it in
VentureTECH is all about making our
local and Bumiputera industry great,
those that are driven by internal
competence, innovation, merits and
passion, with long term goals.
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
management processes, bio-medical
foray, sustainable business practices
and even smart technology. Despite the
challenges, our investee companies had
shown resilience during the volatility of
the pandemic and a few of our investees
contributed as frontliners to help the
government during this period. Our
proactive eorts in initiating COVID-19
recovery measures to ease cashflow of
our investees and tailored hands-on
value creation approach have helped
to stabilise our investment portfolio for
continued growth.
We are proud to have invested in
visionary Bumiputera and local
industry leaders that aspire to be
global champions in an increasingly
competitive world. Value creation and
impacts that balance economic and
social value will continue to be at the
centre of everything we do. We believe
our disciplined approach and strong
governance culture could ensure the
achievement of our long-term goals.
Recently, as a joint eort with our
investee companies, we had rolled-out
a new community outreach initiative,
VentureTECH PEMACU Komuniti
Programme, that aims to deploy
technology applications to help upli
the quality of life of targeted hardcore
poor community including B40 group
in line with the 12th Malaysia Plan’s
commitment to eradicate hardcore
poverty. This strategic initiative will be
launched and expanded nationwide
from 2023 onward.
All of these milestones would not be
possible without the hard work and
dedication of our team at VentureTECH,
and the trust and partnership of our
valued investee companies and key
stakeholders. While we have made
some significant progress, I believe the
end is far from sight. VentureTECH has much to accomplish, and it will be
worth watching each progressive step we take.
As I step down as Managing Director this year, I would like to thank our
esteemed Board of Directors, Investment Committee members as well
as our Senior Associates for their invaluable guidance, contributions and
support. A special mention goes to our management and sta for their
tireless commitment to deliver our challenging mandate. Lastly, I wish to
express my deep gratitude to our key stakeholders especially the Ministry
of Economy for their trust and strong support to the management all these
past years.
It has been a privilege to serve all stakeholders in advancing our purpose in
nation building.
Yours sincerely,
Managing Director
VENTURETECH
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
Secretary General,
Ministry of Economy
“Private Equity (PE) in Malaysia has rapidly evolved over the past decade from
an emerging PE market with sporadic trading to a dynamic market with diverse
participants and sustained trading frequency. Private investments are instrumental
to driving a sustainable economy as the nation navigates through the post-pandemic
challenges. In the Twelh Malaysia Plan 2021–2025, the Government acknowledges
the need to increase private investments by 3.8% annually to encourage private sectors to seize the opportunities
of digital disruption and address environmental sustainability challenges, thereby creating jobs and increasing
productivity. The Ministry of Economy believes that VentureTECH, given its track record, is poised to leverage both
public and private investments to drive the growth of private investments, and enhance Bumiputera economic
participation in technology segments as well as build the resilience of local industries in addressing ESG aspects
while advancing equity growth, alleviating poverty and bridging the inequality gap among low-income groups.”
Secretary General,
Ministry of Science, Technology and Innovation (MOSTI)
Deputy Secretary General (Policy),
Ministry of Economy
“Today’s digital world demands vigilance. Stakeholders must prepare for current and
future technological disruptions, and ensure that they are agile enough to embrace the
unknown changes ahead. The National Policy on Science, Technology and Innovation
(DSTIN) 2021-2030 has emphasised on innovation and commercialisation to intensify
local technology development and application eorts in transforming the country
from being technology users to technology developers, driving Malaysia towards a high-income and high-tech
nation. With an appetite to invest in technology, VentureTECH’s role will continue to help address the capacity and
funding gaps in the innovation ecosystem, promote higher value-added manufacturing and emerging industries,
inspire more multi-stakeholder collaborations and eectively function as an enabler to help local industries
innovate and commercialise local R&D.”
“Eorts to increase income, reducing poverty and economic development gaps
continue to be emphasised in the Twelh Malaysia Plan (12MP), 2021-2025. This
commitment supports the goal of enabling Malaysians to enjoy a better standard
of living. The Ministry of Economy lauds VentureTECH for bridging the involvement of the private sector via its
investee companies in the Government’s initiatives and national agendas in promoting inclusive and sustainable
growth for the well-being of the people.”
Quotes from Stakeholders
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
Quotes from MIGHT
Joint Chairman (Industry)
“The vision of an economy as a set of independent industries – each serving its own
set of stakeholders—is in many ways outmoded. New collaborations are emerging that
stretches beyond historical industrial boundaries, nurtured by mobility, open information,
energy management and infrastructure development. These smart partnerships among
talents, public and private sectors are all about unlocking synergies and exploring fresh
opportunities. Collaboration is essential to make better use of limited resources and build
adaptability against future disruptions.”
Joint Chairman (Government)
“The emphasis on inclusiveness, environmental sustainability and leaving no one behind
demonstrates that Malaysia is aligned with the Sustainable Development Goals (SDGs)
to chart the country’s progress. As the country is on its way to economic recovery, it is
important that businesses and investors recognise that pivoting business strategies to
become sustainable, without compromising profitability, is a business imperative.”
President and CEO
“There has never been a more critical time for organisations to work across sectors to
achieve shared goals. We need to constantly innovate in order to remain relevant in the
ever-evolving business landscape. This requires nurturing and developing a culture of
innovation, and fostering an environment that promotes open collaboration between the
public and the private sectors. Transformative change at firm’s level is a must to survive
and thrive in the fast-evolving and changing business and global environment.”
VENTURETECH
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
Investors entered 2022 on a high note. Public markets were
still riding the tech boom and within the private equity
industry, investment activity breached $1 trillion for the
first time in 2021. Investment managers were expecting
2022 to at least keep pace with the previous year. As we
know, the year did not turn out that way. Inflation and
interest rate rise – a measure which had broadly been
expected – accelerated sharply. Russia’s invasion of
Ukraine in February resulted in a global energy shock
and food price hike. This has since led global economies
grappling with double digit inflation for the first time in
40 years.
The year 2022 has taught VentureTECH and its investee
companies a lesson in perseverance, persistence and
being agile. In light of the global economic turmoil, there is
a growing pressure for investors to address environmental
and social issues, whilst generating financial returns.
Based on this premise, VentureTECH has swily acted
and pivoted its strategies to lead the way in generating
value especially to the Bumiputera community via several
measures devised to allow our investee companies
to navigate through the COVID-19 pandemic and the
economic downturn that ensued.
That said, there are indications that global inflation may
have peaked as we leave 2022 behind, oering some
glimmers of hope that we will start to see a modest
improvement in the economic outlook as we move
through 2023. Regardless of the challenges, VentureTECH
has been focused and steadfast in carrying out our
mandate to grow Bumiputera industry leaders, especially
in the bio-based industry, emerging technology industry
and green technology industries. For more than 10
years, we have played an instrumental role in nurturing
several reputable Bumiputera companies and even have
fostered collaborations with regional industry captains
Regardless of the challenges, VentureTECH has
been focused and steadfast in carrying out our
mandate to grow Bumiputera industry leaders,
especially in the bio-based industry, emerging
technology industry and green technology
industries.
Chief Executive Oicer
like Japan’s SBI Ventures to provide an avenue for these
businesses to expand their footprints outside of Malaysia.
This collaboration has also benefited Malaysia’s foreign
investment, and I believe that we will be seeing more
meaningful regional collaborations being forged in the
next few years.
Over the course of 2023, we will be investing considerable
time with our investees as we seek to realise our ambitions
for the country, especially the Bumiputera community. I
would like to take this opportunity to express my sincere
appreciation to the Board of Directors on my appointment
as Chief Executive Oicer of VentureTECH. I am humbled
by the confidence and trust, and certainly look forward
to lead the organisation during this challenging yet
exciting time. I am confident that together with the senior
management team, we will be able to deliver with greater
benefits and impacts to the country and community. I
would like to thank Malaysian Industry Government Group
for High Technology (MIGHT), the Ministry of Economy,
Ministry of Science, Technology and Innovation (MOSTI),
and VentureTECH Investment Committee and senior
associates for their unwavering support to VentureTECH.
Most importantly, I would like to express my gratitude
to the VentureTECH team for the relentless dedication
in driving and realising our national mandate forward
together.
Yours sincerely,
Chief Executive Oicer
Way Forward from
Chief Executive Ofcer
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
WHO WE ARE
ABOUT US
The National Implementation Task Force (NITF) chaired
by the then Prime Minister of Malaysia approved the
establishment of VentureTECH (then known as A-BIO) on
9 October 2006 as a “High Impact Programme” under the
guidance of the EPU Equity Division (then Distribution
Division) that is responsible for Bumiputera development,
poverty eradication and inclusivity.
In 2018, following the expansion of VentureTECH’s
investment scope to also include green technology
industry and emerging industry, in addition to
biotechnology and bio-based industry, the name of the
Company was then changed to VentureTECH from A-BIO.
In 2008, the Implementation Committee for Biotechnology
Cluster chaired by Secretary General MOSTI and EPU
agreed to appoint the Malaysian Industry Government
Group for High Technology (MIGHT) as the Programme
Manager of A-BIO Program. Subsequently in 2011, the
A-BIO Program budget was reinstated and streamlined
under the EPU Equity Division in line with the mandate on
Bumiputera development.
Following the appointment of MIGHT as the Programme
Manager, A-BIO Sdn Bhd was transferred to become a
wholly-owned subsidiary of MIGHT and commenced its
operation in 2009, to function as an investment entity
to invest in Bumiputera companies in biotechnology
and bio-based, and information and communications
technology (ICT) industries.
VentureTECH has reairmed its strong purpose for being,
that is to develop Bumiputera industry and SMEs with the
primary goal to increase Bumiputera corporate ownership
equity, via equity investment business model.
The fast-changing landscape of the business environment
has transformed VentureTECH into what it is today,
an investment company with purposeful mission to
encourage the growth of Malaysian-majority controlled
companies particularly Bumiputera in generating
socioeconomic benefits to the country and its people.
Our
Beginning
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
VENTURETECH14
VentureTECH has evolved over a decade from 2009 till 2020 to gain
relevancy, that includes re-branding itself for a more focused approach,
wider reach and visibility, and to improve performance and impact. It
has been recognised as a Government-linked investment entity,
with an independent governance structure and transparent
process under MIGHT and reports to the Ministry of
Economy on its Bumiputera mandate.
Established to develop
Bumiputera industry and
SMEs, with primary goal
to increase Bumiputera
corporate equity
ownership, via equity
investment business
model.
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
15
Our
Journey
Over a
Decade
The 5-Year Strategic Plan 2021-2025 charts the
course ahead for VentureTECH to continue
delivering on its purpose as Malaysia takes steps
to rebound its economy from the unprecedented
health, economic and geopolitical challenges and
global supply chain disruption.
VentureTECH is facing an exciting time ahead as
it has been entrusted with a more significant role
under the Twelh Malaysia Plan, 2021-2025 and the
Shared Prosperity Vision 2030 to deliver long-term
value for our industry partners, our Government
stakeholders and to our country. The Strategic Plan
ensures VentureTECH will remain at the forefront
and be equipped for the next challenges ahead.
• Invest in start-ups
• Invest in Bio-based segments
• Pre-commercialisation stage
• Equity investment - ordinary shares
and perference shares
Catalyse equity
investment to nurture
industry growth
NURTURE AND CONSOLIDATE
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
VENTURETECH16
LEVERAGE
SYNDICATIONS
SUSTAINABILITY
LONG-TERM GROWTH
• 3-Year Strategic Plan
• Expand into green and emerging industry
• Balance portfolio - mezzanine/growth
• Member of Global Impact Investment
Network (GIIN), impact investor
• Integrate ESG-parameters
• Rebrand to VentureTECH
• 5-Year Strategic Plan, 2021-2025
• Performance-based investment
• JV with SBI Japan PE as fund manager, for
fundraising and regional synergy
• Recovery Measures
• Kick-o PEMACU Programmes
• Sustainable value creation
Invest in niche higher
value-added and
emerging industries
Build merit-driven industry
leaders for long term
sustainability and value
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
17
Our
Leadership
VENTURETECH18
MIGHT Board
Chairman
Managing Director
Director,
Equity Development
Division,
Ministry of Economy
Deputy Secretary General
(Technology Development),
MOSTI
Our Leadership
PEMACU WHERE WE INVEST
19
Deputy CEO,
MIGHT
Independent Director
Head of Poverty Unit,
Ministry of Economy,
Alternate Director
Senior Vice President,
MIGHT
Alternate Director
Under Secretary,
Technology Transfer and
Commercialisation, MOSTI
Alternate Director
Our Leadership
Independent Director
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
VENTURETECH20
Board Representative
Chairman,
Board Representative
Board Representative
Board Representative
VentureTECH Investment Committee manages the overall investment selection process for approval of the Board, and post
monitoring activities. It comprises representatives of the Board of VentureTECH and independent members from the financial
institutions and legal and corporate law.
Our Leadership
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
21
Chief Operating Oicer,
SME Bank
Chief Operating Oicer,
MIGHT
Alternate Member
Managing Partner,
Gobi Partners
Partner, Corporate,
Commercial
and Special Projects,
Hisham, Sobri and Kadir
Our Leadership
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
VENTURETECH22
Senior Associate
Senior Associate
Senior Associate
Senior Associate
Senior Associate
Senior Associates of VentureTECH are appointed subject matter experts or domain specialists with vast experience in
their areas of specialisation. The Senior Associates provide independent inputs and advices during investment selection
process and post-investment value creation and corporate advisory work.
Our Leadership
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
23
Chief Operating Oicer,
Value Creation and
Compliance
Managing Director
Chief Executive
Oicer
Chief Financial
Oicer
Our Leadership
We retain experienced senior management, supported by the Senior Associates, to eectively and eiciently manage
our funds, drive the investment strategy, pursue value creation activities and deliver returns to stakeholders.
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
VENTURETECH24
Our investment team is made up of experienced, qualified and committed individuals who bring vast experience and
importantly expertise, drive and integrity with backgrounds in investment, finance, economics, industrial development,
commercialisation, risk management as well as local and international policy, laws and legislation.
Head, Strategy and
Research
Head, Investment
Head, Investment
Head, Investment
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
25
Our
Governance
Governance is conducted formally and as an ongoing
process through the VentureTECH Board of Directors and
VentureTECH Investment Committee. Both the Board and
Investment Committees provide independent leadership
and stewardship to ensure eective corporate governance
and objective investment selection process, while
importantly recognising VentureTECH’s clear, purposeful
mission and long-term goals to ultimately help build
industry leaders, and in turn contribute to equity diversity
and inclusion for social benefits.
The Board, being assisted by the Management, is
responsible for ensuring eective implementation of
VentureTECH’s risk management and internal control
system, and for continuously reviewing its adequacy and
integrity.
As part of governance, VentureTECH Investment Policy
and Guidelines provides the framework for investment
process from selection to compliance and to post-
investment value creation and monitoring activities. It sets
clearly the criteria, approach and operating methodology
for investment.
Internal audit function undertakes regular review of
VentureTECH’s operations and the system of internal
control to evaluate the adequacy and eiciency of
financial and operating controls.
VentureTECH is committed to uphold the highest ethical
standards towards contributing to an environment of
utmost integrity both within the workforce and in the
community that we serve. The Company is guided by
the Malaysian Anti-Corruption Commission Act 2009
(MACC Act), MACC (Amendment) Act 2018, and the Prime
Minister’s Directive in respect of Integrity & Governance,
along with any relevant laws, regulations and guidelines
with regards to anti-bribery and anti-corruption in
Malaysia including the newly enacted Section 17A of the
MACC Act 2009 on statutory corporate liability oence.
VentureTECH Integrity and Governance Unit (IGU) is
established as an independent unit, which reports directly
to the Board of VentureTECH and to the IGU at MIGHT as
the shareholder. Core functions of IGU include integrity
management and governance with the objective of
ensuring the practice of excellent work culture among the
employees, with strong morals and ethics that will curb
oences of corruption, abuse of power and malpractice.
acts as the principal governing
body of the company, entrusted to steer the company’s
strategic direction to fulfil its fiduciary, corporate and
ethical responsibility. Our Board members comprise
representatives of our stakeholders whose depth of
knowledge and experiences help us anticipate the
dynamics and changing context of the industrial
ecosystem influenced by the national plan and policy
direction, and the business environment.
, a standing committee of
the Board, was established to manage the overall
investment selection process and post-investment
monitoring activities, and convenes regularly. The
Investment Committee comprises representatives
from the government stakeholders, namely the
Ministry of Economy, MOSTI and MIGHT, and from the
industry, which is made up of subject matter experts
with vast professional and technical experience.
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
VENTURETECH26
In that spirit, VentureTECH has continuously strengthened
its corporate governance and inculcate good ethical
business practices among its employees, directors,
investee companies and other business partners. We
believe that the success of our relationships with our
partners, particularly our investee companies, relies
heavily on a clear understanding of our policies applicable
to our business relationships and our policy expectations
highlighted as follows:
In line with our core values, we strive to operate within an
environment of the utmost integrity to deliver our clear
purposeful mission for the benefit of all our stakeholders.
VentureTECH is committed to the highest standards
of ethical conduct and integrity in our investment
activities. VentureTECH adopts a zero-tolerance policy
against all forms of bribery and corruption. Investee
companies, clients and service providers shall take all
and any measures to prevent corrupt practices in its
dealings with us.
At VentureTECH, we are committed to acting
professionally, fairly and with integrity in all our
business dealings and relationships. The company
strives to foster a professional working culture as
a solid foundation of a successful and reputable
organisation, and at the same time to act in the best
interests of the Group, its shareholders and other
stakeholders.
VentureTECH adheres strictly to “No Gi” policy
subject to some clearly defined exceptions. Directors
and Employees are prohibited from receiving, seeking
or soliciting gis, entertainment, or favours from our
Investee Companies and other business associates
that could be interpreted as compromising his/her
ability to make fair and rational business decisions.
VentureTECH values integrity, diversity, respect, freedom
of expression, trust, honesty and fairness, and strives
to integrate these values into our work and business
practices.
VentureTECH values integrity, diversity,
respect, freedom of expression, trust,
honesty and fairness in our work…
Our Governance
BOARD OF DIRECTORS
INVESTMENT COMMITTEE
MANAGEMENT
INTEGRITY AND GOVERNANCE
RISK MANAGEMENT
INTERNAL AUDIT
(Integrity and Governance Unit)
INVESTMENT PORTFOLIO RISK
Set Risk Target
-Commercial
and Strategic
Set
Measured
Exposure
Set Strategy
Targets and
Contingency
Select
Investments
Balance
Portfolio
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27
VENTURETECH
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
OUR MANDATE
FOUNDATION
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
Our Philosophy
and Approach
Our investment approach seeks to consistently balance
between delivering returns and socio-economic benefits
and multipliers, that embody our long-term goals and
areas of dierentiation. VentureTECH takes its quest to
deliver its developmental mandate in developing the local
industry particularly Bumiputera through investment
seriously, as manifested in our philosophy and values:
We invest in companies aiming for longer term
partnership and goals, and those who share our vision
and commitment for sustainable business growth
through innovation, technology and sustainability
towards socio-economic benefits.
Our partnership in the business (i.e., our investee
companies) is structured to maximise alignment of
interests and goals. Since we need to work closely
and collaboratively to create the best outcomes for
our investee companies, we value openness and
genuine, strong relationships with our partners based
on mutual trust and respect.
We introduced performance-based Investment (PBI)
framework to help build a strong breed of local
industry, driven by performance and merits. Since
we focus on mid- to long-term success, we prefer to
invest in purpose-driven visionary entrepreneurs who
can demonstrate that they have the determination
and clarity in purpose to grow their businesses.
We believe companies that welcome investor insights
and ideas are better positioned to attract long-term
capital, build resilience, and ultimately deliver better
value for themselves and shareholders.
We take pride in our approach in building close,
collaborative alliance with our investee companies’
shareholders and management to jointly develop and
drive value creation framework that seeks to identify
growth areas and implement grounded strategies
with medium- to long-term targeted goals for the
interest of the company.
VENTURETECH
Our advocacy for sustainability and economic, social
and governance (ESG) considerations is manifested
in our association as an impact investor that aims
for social benefits, by integrating ESG metrics in our
PBI evaluation process, yet not compromising on
profitability and returns, for the long-term betterment
of the industry, stakeholders and community.
We believe in continuous learning and adoption of
best business practices and values to improve our
investees’ performances. Adopting new technology,
pursuing innovation and upgrading of skillsets are
critical for a company to stay competitive. We accept
that the challenge to business is also in transforming
mindset change and inculcating good business values
to build internal resilience to deliver performance and
stay ahead of competitors.
Expanding business and increasing exports beyond
the Malaysian shore into the regional and global
market is no longer a choice for Malaysians in
view of our relatively small domestic market. We
support industry with bold strategy to establish or
futher expand their businesses overseas through
various strategic moves – diversification, M&A,
collaboration for supply chain or distribution
channels for access to markets and ensure a more
sustainable business growth. While VentureTECH
has a strong understanding and networks within the
Malaysian ecosystem, we recognise the importance
of collaborations and partnerships with like-minded
international partners in making inroads into the
regional and global market space.
Our Philosophy and Approach
Adopting new technology, pursuing
innovation and upgrading of skillsets are
critical for a company to stay competitive.
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
Our
Investment Focus
Rapid advancement in emerging technologies is driving
widespread application across sectors, further accelerated
by the COVID-19 pandemic coupled with governments’
call in ensuring sustained development towards reaching
Industry 4.0, giving rise to diversified business models
and emerging industries. Essential areas in healthcare,
energy and natural resources, water, communications,
mobility and security will continue to be in demand,
with technology continuing to play a vital role in driving
innovation across business models in various industries.
VentureTECH’s forward-looking investment approach has
strategically identified our areas of focus for investment
based on global industry and technology trends as we
aim to encourage investments in niche, high value-added
industries in line with the national policies, plans and
aspirations.
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
VENTURETECH
We invest in high value-added sub-sectors and industries, targeting the potentially high growth market in three main
industries that cut across converging areas – Biotechnology and Bio-based industry, Green Technology industry and
Emerging industry.
Our Investment Focus
VentureTECH’s tailored value proposition focuses on
our areas of dierentiation in catalysing investment
and growth of our local and Bumiputera industry in
our targeted focus areas. At VentureTECH, we advocate
for syndicated and collaborative investment approach
among the government investment enablers in addressing
the gaps within the corporate investment ecosystem, with
the ultimate goal to drive industry growth.
Sources: Grand View Research, Acumen Research and Consulting, Allied Market Research
• Growing global population
• Increasing food demand
• Ageing society
• Advances in medical
technology
• Personalised medicine
USD 3,879.512030 from
USD 1,023.922021
• Additive manufacturing
• Internet of Things (IoT)
• Smart grid
• Connectivity
• Digitisation of
manufacturing
• Transportation
USD 261.92030 from
USD 68.22021
• Advanced materials
• Resource problems
• Energy problems
• Mitigation of
greenhouse eects
• Circular economy
• Waste to wealth
USD 74.642030 from
USD 10.322020
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
In realising both our commercial and developmental roles,
our investment considerations include the following, but
not limited to:
• The company operates in niche, high value- added
industries – biotechnology and bio-based, green
technology, and emerging industries
• The company is in mezzanine and growth stage
• Priority for higher-value manufacturing and services
companies, which provide skilled and higher-income
jobs
• Bridging funding gaps with ticket size ranging from
RM1 million up to RM20 million, depending on spin-
o benefits.
• Impact investment – aims at sustainability and
potential high impact and socio-economic multiplier
e.g. job creation, spin-o industries, and lessening of
import dependency
VentureTECH’s focus areas are aligned to national
plans, policies and priorities. These include the Twelh
Malaysia Plan 2021-2025 (12MP), Malaysia Digital
Economy Blueprint, the National Science, Technology
and Innovation Policy (DSTIN) 2021-2030, the National 4IR
Policy (N4IRP) and the Shared Prosperity Vision 2030. To
complement the sectoral approach, VentureTECH looks
to leverage the high potential business opportunities
in less-modernised and digitised industries such as
healthcare, bio-based, agriculture and agri-food, power
and energy, and high-value manufacturing and services
with the following key considerations:
• Automation, analytics and digital transformation
• Localisation of critical products and services that
meet industry standards
• Shi towards higher value-added services and
products
• Knowledge and technology transfer critical to
economic growth
Our Investment Focus
Revenue
Idea/seed Early Stage Growth Mature Consolidate
Earnings growth
Entrepreneur
Friends/Family
Incubator/
Accelerator
Venture
Capital
Angels
Crowdfunding
Corporate Venture Capital
Private Equity
Stock Market
Distressed/
Special Situations
Growth Capital Mezzanine
Buy Out
Note: PNB, PUNB, Ekuinas and VentureTECH are enabling investment entities with the primary role to enhance the value of
Bumiputera businesses and equity. Their investment areas are indicative and may have been extended along the business
life cycle. MARA is not included here.
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
VENTURETECH
Our Investment
Approach
VentureTECH, in realising its developmental role as
mandated by the Government, has consistently strived to
balance its commercial strategies with the Government’s
high-level economic goals through the implementation
of its medium and long-term strategic plans. With a clear
mission, our investment approach has been focused on
building local industry and Small and Medium Enterprises
(SMEs) through equity instruments and minority
shareholding for long-term value creation.
VentureTECH is not a typical PE investor that is driven
solely by commercial considerations. VentureTECH’s roles
as reflected in our investment philosophy and approach
place strong emphasis on value creation activities for
business growth by supporting our investee companies
to address internal improvements where appropriate
and needed, with the primary objective to improve the
investee companies’ financial performances, and increase
its net worth towards sustainability in the long term.
We believe the industry must take full responsibility,
accountability and leadership to dictate their own growth
trajectory. On this point, trust, respect and co-operation
between the shareholder and management of the
investee company, and VentureTECH are of paramount
importance for the investment to be successful.
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
Our Investment Approach
◆ Invest in company with at least 51% Malaysian-controlled shareholding; Bumiputera.
◆ Minority shareholding of Ordinary Shares of up to 20% in the company, exception allowed.
◆ Equity instruments – combination of Ordinary Shares and Preference Shares
▶ Ordinary Shares
✓ Equity shareholding of 10% to 20%; but exception for
strategic industry with socio-economic multiplier
✓ First right of refusal given to existing shareholder based
on combined NTA and market price or negotiable value
on exit
✓ Board seat representation; observer status where
required
▶ Preference Shares
✓ RCCPS – up to 7% coupon rate, with capital gain/
premium on exit
✓ RCCPS – redemption payment of up to 7 years, with 2
years moratorium
✓ RPS – up to 5 years holding period, with premium on
listing, shareholder’s buyback or private placement
✓ Options to convert to Ordinary shares, and
✓ Put and call options, tag along options, etc.
◆ Governance, compliance and control
• Shareholders and Board Reserve Matters
• Ongoing management, monitoring and evaluation
• Regular reporting on compliance, financials and operations, and disclosures
◆ Extend nurturing @ Value Creation support services that include operational improvement,
financial engineering, and market development.
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
VENTURETECH
Fullling Our
National
Agenda
Beyond its Bumiputera developmental mandate, VentureTECH continuously endeavours to expand its positive
socio-economic impacts through our investments, in line with our investment objectives as an impact investor. We
believe, despite our limited resources and challenges, we have contributed in a meaningful and impactful way to our
industry beneficiaries and to our shareholders.
1.8B ~2,400
65%
~650M >30 Countries
Build and increase net
worth of local industry
Percentage of skilled
and semi-skilled jobs
Aggregate portfolio
revenue
Expand regional market
presence of investees
As at Dec 2022
Job creation/
retention;
13% CAGR (2020-
2022)
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
VentureTECH was recognised as one of the key investment
enablers for advancing the Bumiputera industrial
development by the government. The achievement of
VentureTECH (A-Bio) was highlighted as one of the
Increasing Bumiputera eective control and
sustainable corporate ownership
1. RM482.6millioninvestmentbyEkuiti Nasional
Berhad(EKUINAS)in9companiesinvolvedinoil
andgas,retail,manufacturing,foodandbeverages,
fast-movingconsumergoodsandservice
businesses
2. 2companieslistedonBursaMalaysiaunder
Skim Jejak Jaya Bumiputera withamarket
capitalisationofRM4.5billion
3. RM41.5millioninvestedin6technology-
basedcompaniesunderA-BioProgrammein
businessessuchasmedicaldevice,pathologyand
engineeringdesign
4. RM236.2billioninAssetsUnderManagement
ownedbyBumiputerahasbeeninvestedby
Permodalan Nasional Berhad(PNB)invarious
assetcategoriescomprisingpublicequities,
privateinvestment,realestate,cashandfixed
incomeinstruments,since1978
3. RM41.5 million invested in 6 technology-
based companies under A-Bio Programme in
businesses such as medical device, pathology and
engineering design
Fullling Our National Agenda
in the Mid-Term Review Report
of 11th Malaysia Plan under the focus area “Enhancing
Bumiputera Economic Community (BEC) Opportunities
to Increase Wealth Ownership”.
100%
3 86%
5
Invest in high value-added industries;
40% emerging industry, with green and
ESG elements
Forge regional collaborations
for funding, supply chain and
market synergies
Percentage of
Bumiputera
management
Promote innovation
and new product
developments
The achievement of
VentureTECH (A-Bio)
was highlighted
as one of the Key
Results (2016-2017)
in the Mid-Term
Review Report of 11th
Malaysia Plan
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
VENTURETECH
Moving forward, VentureTECH is further entrusted to contribute towards meeting the Twelh Malaysia Plan, 2021-
2025 (12MP) objectives, through Strategy D4: Increasing the resilience and sustainability of Bumiputera businesses
and Strategy; D7: Ensuring sustainable corporate equity ownership; under the umbrella Priority Area D: Achieving an
Equitable Outcome for Bumiputera. Against the fast-evolving landscape, VentureTECH will strive to deliver its role with
greater impact under the Twelh Malaysia Plan 2021-2025 and beyond.
VentureTECH’s Role under
12th MP
Fullling Our National Agenda
VentureTECH’s Role under
12th MP
Restructuring the economy to be more progressive,
knowledge-based and high-valued with full community
participation at all levels
Addressing economic disparities across income groups,
ethnicities, regions and supply chains
Priority Area D: Achieving an Equitable Outcome for Bumiputera
Increasing the Resilience and Sustainability of Bumiputera
Businesses
Ensuring Sustainable Corporate Equity Ownership
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
The involvement of Bumiputera MSMEs in the Vendor Development Programme will be further intensified.
This programme will be strengthened to include anchors among MNCs to assist new Bumiputera vendors in
increasing their participation along the supply chain in emerging industries such as bio-medical devices and
aerospace. Meanwhile, the carve-out and compete initiative will be extended to various sectors in increasing
eective Bumiputera participation in the economy. Bumiputera MSMEs will also be encouraged to form
consortiums and cooperatives in enhancing their capacity and capability to compete along the supply chain.
Meanwhile, VentureTECH will be injecting capital into Bumiputera companies with potential. A clear exit
policy will be formulated to encourage successful Bumiputera MSMEs to be more independent and resilient.
PNB will facilitate to increase the participation of Bumiputera community in digital-based financial planning
and investment services. In addition, PNB will introduce new unit trust products that have investment exposure
in the foreign market. In terms of investment strategy, PNB will continue to invest in high performing PLCs in
Bursa Malaysia as well as diversify its investment portfolio at the domestic and international market. Khazanah
Nasional Berhad (KHAZANAH), as the national sovereign wealth fund, will also continue to lead collaboration
with selected GLCs and GLICs to support and strengthen the Bumiputera Empowerment Agenda in increasing
the Bumiputera corporate equity ownership. Bumiputera companies in high value-added, green and emerging
industries will be developed through the VentureTECH performance-based investment programme.
Fullling Our National Agenda
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
VENTURETECH
The overall achievements and significant milestones achieved by VentureTECH over the past years beginning 2016
under the Eleventh Malaysia Plan have been guided by VentureTECH Strategic Framework for Sustainability, founded
on its mission, core values and principles.
Fullling Our National Agenda
VALUES AND PRINCIPLES
• Commit ourselves to creating value by building on trust, collaboration and innovation
• Strive to contribute to Bumiputera community development and society through our investment activities
• Contribute towards industrial ecosystem support and development
• Develop a vibrant corporate culture that thrives on integrity and empathy, and continue to be a company that
stakeholders can trust
CORE COMPETENCE
• Capabilities to create value by leveraging on expertise in diverse areas
• Capabilities to forge partnerships to access local and global market
• Driven by professional, competent and loyal employees
CHALLENGES AND BUSINESS OPPORTUNITIES
Creating value against the backdrop of continuous change and innovation in all spheres - economy,
business environment, and industry
Bio-based Products Industry 4.0 Green Technology
• Growing global population
• Increasing food demand
• Ageing society
• Advanced medical technology
• Personalised medicine
• Additive manufaturing
• Internet-of-Things
• Connectivity
• Data analytics
• Digitisation of manufacturing
• Smart Grid
• Transportation
• Advanced materials
• Resource problems
• Energy problems
• Mitigation of greenhouse eects
Achieve sustained investee equity growth by creating value through innovation,
collaboration and entrepreneurship skillsets
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
The success in the execution of our developmental role
depends on our committed employees. In this respect,
VentureTECH will continue to instil strong values and
principles in its employees and build internal core
competence to face the external challenges and business
opportunities. This is imperative for us to successfully
deliver our mandate that is to help transform the
Fullling Our National Agenda
Bumiputera industrial community for value creation
and sustainable growth, hence fulfilling the national
agenda. Moving forward, our 5-Year Strategic Plan 2021-
2025 will continue to be our reference in strengthening
our position as the trusted investment partner for our
targeted stakeholders, and in turn contribute towards the
advancement of Malaysia into a high-income nation.
• Faced major hurdles of start-up constraints
• Mismatch of equity funding and pre-comm
• Improved internal investment process and capabilities
• Expansion of scope to more balanced portfolio
• Continued growth strategy
• Expansion of scope to include emerging technologies
• Optimal mix of investment instruments
• Process improvement for best practices - selection, governance and compliance
• Strong foundation towards sustainable operations
• Accelerate the growth of Bumiputera industry leaders in focus areas
• Enhance Portfolio Management and Value Creation Strategies
• Organisational excellence
1
2
3
4
5
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
VENTURETECH
VENTURETECH
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
INVESTING FOR IMPACT
SUSTAINABILITY
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
Investment
Landscape
The global investment landscape has not fully recovered
from the eects of post pandemic. High inflationary
environment, brought on, to a large extent, by the war
in Ukraine and strict COVID policies adopted by China,
continues to plague the economic recovery of both
developing and emerging economies alike.
As a result, the World Bank is forecasting a global gross
domestic product (GDP) growth of merely 1.7%1 in 2023
while the IMF, slightly more optimistic, expects 2.7%2. Both
entities foresee slower global growth coming into 2023
exacerbated by raging inflation risking global recession.
Against this backdrop, global Private Equity (PE) firms are
cognisant that generating high returns on capital may
continue to be challenging in the future and will require
dierentiated focus and strategies. Global PE firms will be
predominantly focused on investing in the tech sector in
the next few years with high preference on data analytics,
Internet of Things (IoT) and Artificial Intelligence (AI) as
the key sub-sectors of technology.
Percentage (%)
VentureTECH Core Sectors
Technology
Pharma
Healthcare
Renewables
Industrial Production
Consumer
Business Services
IT/Soware
Financial Services
E-commerce
Telcos
Life Sciences
Real Estate
Retail
Energy and Utilities
Transport and Logistics
Food Production
Automotive
Media
Chemicals
Education
44
36
27 27
21
16 14 13 12 10 9 9
542 2 1
4
18 17
6
1. World Bank – Global Economic Prospects Report, January 2023
2. IMF – World Economic Outlook, October 2022
Source: PwC – Private Equity Trend Report 2022
VENTURETECH
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
The strategy that global PE firms are adopting
concentrates on ‘asset-light’ businesses with high
sustainable margins i.e. oering products and services
Within the technology space, majority of PE firms are
expected to focus on data analytics, IoT and AI. Both
B2C and B2B markets are expected to benefit from the
advent of digitalisation supported by high potential
growth and cost reduction. For PE investors, digitalisation
oers the best bet in hedging against the unknown and
Investment Landscape
that are able to sell across multiple industries and can be
rapidly scaled up with the right investment amount and
strategic support from the PE firms.
unpredictability evidenced by the recent “digitalisation
drive” brought on by the pandemic. Besides the
macroeconomic and private equity (PE) industry factors,
the following megatrends will continue to shape our
investment strategy in the next 5 years and beyond:
VentureTECH Tech Investee Exposure
Source: PwC – Private Equity Trend Report 2022
Data
Analytics
Percentage (%)
IoT AI Blockchain AR Robotics Drones VR 3D Printing
Climate Change and
Resource Scarcity
Shi in Global
Economic Power
Rapid Change in
Demographic Landscape
Scarcity in resources and climate change
have changed the operating landscape
across industries, and transformed the
way we live
An economic power from the West
to the East with the rise of China and
re-emergence of Japan coupled with
economic growth in South Korea and
India
Shi in demographic composition and
movement, as observed in movement
of the labour force to emerging and
growing markets and increasing ageing
population
Rapid advancement in disruptive technologies
is transforming the way we live and the way
businesses operate
Rapid Advancement in
Technology
Currently, more than half the world population lives in
urban areas and this trend is expected to continue. The
UN projected that in 2050, 68% of the population will
live in urban areas
Urbanisation
Trends
58
42
21
4
74
51
42 42
16
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
A closer look has revealed the depth of impacts these
key mega trends can have on the manufacturing and
services sectors, which are VentureTECH’s areas of
focus. VentureTECH understands the need to be flexible
in assessing opportunities in specific sectors and how
Investment Landscape
the following impacts ultimately influence not only
governments’ policy-making and but also key investment
decisions in the future. We have zoomed in into key
focus areas in the next 5 years and beyond, guided by the
following:
Large labour force due to growing working age population in the region;
increased ease of movement due to AEC
Shi in manufacturing base from
China and expanding into ASEAN
Industry 4.0 and Service 4.0 driving
revolution in manufacturing and
services; Product innovation by
introducing new versions with added
functionality
Lower wages; Lower cost of utilities; Lower
cost of setting up businesses; Increasing
tax relief and incentives provided by the
governments in the region
Proximity to customers, thus faster time to market
powers (India and China); Lower logistics cost
Resource and energy eicient; Reduction
in waste (recyclability and reusability),
emission and by-products; Increased
product reliability; Low consumables;
Product lifecycle management
Focus on sustainable and inclusive growth;
Public-private collaboration; Rapid
digitalisation; E-commerce growth etc.
Drivers of risk: political, technological and
societal
Source: WEF, McKinsey&Co, MIGHT, VentureTECH Analysis
VENTURETECH
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
Driving High
Value-Added and
Emerging Industry
In order to successfully carry out its mandate,
VentureTECH is fully committed to spearhead investments
in the high value-added and emerging industry in order
to move the industry up the value chain and contribute
to a higher value-added manufacturing and services sub-
sectors and economy, as the country strives to be a high-
income nation status.
The core sectors are carefully identified and selected
based on potential market size, industry growth rate and
talent development requirements for the country. On that
note, VentureTECH has been actively deploying its capital
in these core sectors and sub-sectors:
BIOTECHNOLOGY
AND BIO-BASED
INDUSTRY
EMERGING
INDUSTRY
GREEN INDUSTRY
• Growing global population
• Increasing food demand
• Ageing society
• Advances in medical technology
• Personalised medicine
• Additive manufacturing
• Internet of Things (IoT)
• Smart grid
• Connectivity
• Digitisation of manufacturing
• Transportation
• Advanced materials
• Resource problems
• Energy problems
• Mitigation of greenhouse eects
• Circular economy
• Waste to wealth
Sources: Grand View Research, Acumen Research and Consulting, Allied Market Research
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
In addition to its core sector focus, VentureTECH is
continuously evaluating the impact and importance of
disruptive technologies in propelling companies forward.
Since 2016, VentureTECH has invested in technologies
As exhibited in the diagram above, VentureTECH is primed
to capitalise on or withstand disruptive forces through
its investment in high-growth emerging technology
companies with sizeable addressable markets and cross-
sector market applications.
The inculcation of the skillsets, competence and
knowledge from the sub-sectors and cross-cutting
Driving High Value-Added
and Emerging Industry
technologies above is of paramount importance to the
nation moving forward and VentureTECH is at the forefront
of championing local industry leader development in the
niche, high value-added and emerging industries while
encouraging its investee companies to continuously
invest in and build a pool of high-skilled local talents,
and higher income jobs as we strive to contribute to a
sustainable economic growth for the nation.
related to IoT and IR4, and in high value-added niche
areas with high growth market potential. Our current
investments vis-à-vis the disruptive index and expected
growth rates are mapped out below:
100
50
0 10 25 7550
Disruption Index
2025 Market Size
in US$ BN
CAGR 2016-2025 IN %
>150
100
50
10
IoT soware
Genomic sequencing
Autonomous vehicles
Enterprise applications of AI
Domestic robots
Smart grid technology Tissue engineering
IoT sensors
Grid scale energy storage solutions
EV charging infrastructure
Remote healthcare
EV batteries
3D Printing
Alternative mobility services
EV power electronics
Renewable energy
Industrial robots
Med tech: sensors
AR&VR in healthcare AR&VR in engineering
Private space travel
Commercial drones
VENTURETECH
WHO WE ARE OUR MANDATE
Value Creation for
Sustainable Growth
• Process excellence
• Leadership and
culture
• Competence and
capabilities
• Resource
Management
• Agile business model
• Price leadership
(margin control)
• Cost optimisation
• Capital Management
• Strong and clear
value proposition
(Competitiveness,
dierentiation)
• Expansion via
partnership, JVs,
M&As
Operational Excellence Bottom-line Growth Top-line Growth
• Commercial and social considerations
• Impact to overall portfolio
• Risk level
• Cooperation level of investees
Value Determinants (Short - Long Term) Prioritisation
• Value creation - to customers,
owners, and employees
• Operational excellence
• Increased agility and
innovation
• Betterment of society and
towards sustained socio-
economic growth
• Positive environmental
impacts
While it is important to identify and concentrate on high
growth sectors, it is equally crucial to develop long-
term sustainable plans to continuously create value and
increase socio-economic impacts for all stakeholders.
The VVC Framework serves as a useful guiding principle
to develop short to long-term strategies especially in
terms of operational excellence and top and bottom-
line expansion, with inclusion of environmental, social
and governance (ESG), and sustainability considerations.
* Value determinants vs. prioritisation matrix can change depending on VentureTECH’s portfolio strategy and external factors e.g., economic outlook.
With emphasis on value creation initiative, VentureTECH
has established its tailored VentureTECH Value Creation
(VVC) Framework that creates and drives long-term
sustainable impacts.
The priority of each strategy will be weighted based on
the expected sustainability and socio-economic impacts,
risks involved and level of commitments from the investee
companies.
OUR PARTNERS
COLLABORATION
VENTURETECH
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
In this ever-more connected world and
rapidly changing business environment,
value creation requires global thinking;
hence the importance of forming strategic
alliances and partnerships with others in
this increasingly globalised ecosystem. At
VentureTECH, we value strong, genuine
relationships with our strategic partners
as well as stakeholders. We continuously
seek for strategic collaborations that
build on each partner’s strengths and
experience towards creation of socio-
economic impacts that benefit the nation,
industry and people at large with all parties
achieving a common cause.
To date, we have established strategic
collaborations and alliances with two
esteemed global partners, namely, the
, an advocate of impact investment;
and
, a regional Japan-based financial
services group. These moves support our
expansion plan into fund management
and fund-raising activities while optimising
synergies for regional presence, and
also enable us to join like-minded global
investment organisation that advocates
for impact investing, in alignment with our
strategic decision back in 2019 to integrate
sustainability, and environmental, social
and governance (ESG) considerations in
our investment portfolio.
Our Partners
VentureTECH’s
partnerships are
structured to maximise
alignment of interests
and synergies.
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
In 2021, a Joint-Venture Agreement was entered between
, a
subsidiary of SBI Japan Inc. to launch a private equity co-
investment fund with an initial fund size of RM75 million,
to support growth stage high value-added and emerging
local industries in Malaysia’s post-pandemic period.
Signed between VentureTECH’s Managing Director, Dr Norida Abd Rahman and
SBI Ventures Malaysia’s Managing Director, Mr Yoshihiro Ishiwata, witnessed by
the Minister in the Prime Minister’s Department (Economy), Dato’ Sri Mustapa
Mohamed, and joined by VentureTECH’s Chairman, Dato Ir Khalilur Rahman
Ebrahim.
VentureTECH-SBI
Ventures (Japan)
Joint Venture
VENTURETECH
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
The strategic partnering with the Japan’s SBI Ventures
Malaysia, a reputable global private equity player, is
vital in helping Malaysian industries build synergies
and collaboration at regional level, and in helping them
The initial Fund targets to support
technology industry leaders with
their continued expansion in higher
value-added production and services,
and in improving productivity of the
traditional industries through IR4
and IoT applications in areas such
as agro-based precision farming and
digital healthcare, which is in line with
Malaysia’s MyDigital aspirations of
increasing productivity by 30% across
all sectors by 2030. More importantly,
the investments aim to increase the
number of skilled and highly-skilled
jobs with higher income to Malaysians,
along with other socio-economic
benefits.
VentureTECH-SBI Ventures (Japan)
Joint Venture
attract new investors to support their long-term growth as
they strive to continue to scale up and compete in both
the Malaysian and global markets.
Fund Management Co/GP Fund Company / LP
VentureTECH SBI Sdn Bhd VentureTECH SBI Capital Ltd. P.
Fund Management Agreement
VentureTECH SBI Ventures
Malaysia
MIGHT SBI Holdings
51% 49%
100% 100%
VentureTECH SBI Ventures
Malaysia
MIGHT SBI Holdings
67% 33%
100% 100%
Target Sectors Target Stage
Late-early to
Middle Stage
Mezzanine
Growth Stage
Pre-IPO and
IPO Stage
Green Technology Financial
Technology
Information and
Communications
Technologies
Biotechnology
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
The SBI Group was established in 1999 as a pioneer of
Internet-based financial services in Japan. Since then,
the SBI Group has formed the world’s first Internet-based
financial conglomerate, providing financial services in a
broad range of fields including securities, banking and
insurance. In addition, the SBI Group provides Asset
Management Business, with a prime focus on investment
in venture companies - an activity undertaken since before
the Group’s founding. In this sphere, the SBI Group has
made focused investments in the IT and biotechnology
sectors, which are the 21st century growth industries.
Currently, the development of new technologies is
accelerating within the FinTech, IoT, AI, Big Data and
related fields, thus attracting global attention. The SBI
Group is proactively investing in venture companies
within these fields.
www.sbigroup.co.jp/english/
VentureTECH-SBI Ventures (Japan)
Joint Venture
We are proud to be partnering with Japan-
based SBI Ventures Malaysia as this
co-investment and fund management
is a significant step forward towards
VentureTECH’s vision for creating Malaysian
industry leaders, and also a hallmark
collaboration to diversify our sources of funds
for Bumiputera Investment Program which
has to date resulted in a total investment of
more than RM200 million, to nurture those
companies in adopting best practices and
values, and support their growth to accelerate
their growth strategies and scale into regional
and global champions.
Managing Director
VentureTECH
Managing Director
SBI Ventures Malaysia Sdn Bhd
We are grateful to partner with VentureTECH,
who has vast investment experiences, proven
track record and precise vision backed by their
familiarity with local investment landscape.
Malaysia is ranked third among ASEAN
region in terms of per-capita GDP, blessed
with young, skilled and abundant labour
population, coupled with low unemployment
rate. SBI recognises the existence of ample
investment opportunities in Malaysia, one of
the fastest growing economies in the ASEAN
region with attractive start-ups. SBI Group
seeks to expand its USD5.5 billion worth of
Private Equity portfolio globally and strives to
nurture meaningful co-creation throughout this
partnership with VentureTECH.
VENTURETECH
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
Global Impact
Investing Network
(GIIN)
Since its inception, VentureTECH has always practised
intentional considerations of positive impacts of its
investment decisions especially in the areas of job
creation, localisation, local equity growth, innovation and
local industry development. Its eort in creating these
impacts is evidenced through its quarterly data collection
process that is in alignment with its key stakeholders’
priorities and socio-economic objectives.
Building on this, VentureTECH has taken a proactive
move to go one step further by strengthening its impact
Impact investing has tremendous potential to advance
social and environmental progress. With greater
collaboration among impact investors around the world,
we can work to build a better, more resilient future for
all. We are excited to welcome VentureTECH to the GIIN’s
global network and hope that we will inspire even more
impact investing in Malaysia.
CEO and Co-Founder of the GIIN on announcing
VentureTECH as a new network member.
investment positioning. Despite the industry’s dry powder
reaching record level globally, VentureTECH intends to
continue to be highly selective in its investment selection
process to ensure that its goal of creating impactful
outcomes and sustainable businesses alongside financial
objectives is realised.
To implement this strategic decision, VentureTECH
became a member of Global Impact Investing Network
(GIIN) in 2019. Its current membership consists of over
440 organisations in approximately 59 countries. GIIN has
estimated that the size of the impact investing market
currently stands at USD 1.164 trillion in assets under
management (AUM) – a significant milestone for an
industry still maturing and growing in sophistication.
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
The Global Impact Investing Network (GIIN) is the global champion of impact investing, dedicated to increasing its scale
and eectiveness around the world. Impact investments are investments made with the intention to generate positive,
measurable social and environmental impact alongside a financial return. By convening impact investors to facilitate
knowledge exchange, highlighting innovative investment approaches, building the evidence base for the industry,
and producing valuable tools and resources, the GIIN seeks to accelerate the industry’s development through focused
leadership and collective action.
Through our strategic collaboration with GIIN, VentureTECH is able to network with and learn from like-minded investors
and strengthen our impact investment strategies by drawing the expertise of more experienced and established impact
investors on the evolving state of impact management and measurement approach. We believe that by taking part
in activities that contribute towards advancement of the impact investing industry, VentureTECH would be able to
demonstrate that commercial objections and returns need not be realised at the expense of societal and environmental-
centred development goals.
The following outlines some of VentureTECH’s Impact Areas:
Global Impact Investing Network
(GIIN)
AGRICULTURE
3 Strategic Goals
• Increasing Access to Agriculture Training and
Information
• Increasing Farm Profitability
• Improving Agricultural Water Use Practices
EMPLOYMENT
Strategic Goal
Improving Earnings and Wealth Through Employment
and Entrepreneurship (Particularly for Disadvantaged
and Excluded Groups)
VENTURETECH
WHO WE ARE OUR MANDATE
This association with GIIN will facilitate
VentureTECH’s readiness to play a more
significant role in helping build the local
industry under the 12th Malaysia Plan,
2021-2025, focusing on strengthening
the country’s economy and ensuring a
reasonable living standard. VentureTECH
hopes to help create more meaningful
grassroot-level impacts, especially to
the B40 and M40 segments, which are
more susceptible to the uncertainties in
the current economic climate.
The partnering with GIIN is a testimony to
VentureTECH’s agility and adaptability to help local
industries grow their businesses especially during this
challenging period, and to seek investments in new
opportunity high growth areas, driven by both the
search for better long-term financial value and returns,
and a pursuit of better alignment to values that will
improve the business performance of our investees and
the industry’s competitiveness for sustainable growth.
DR NORIDA ABD RAHMAN
Managing Director
VentureTECH
Global Impact Investing Network
(GIIN)
GREEN
Strategic Goal
Improving Sustainability of Industrial and Municipal
Water Practices
HEALTHCARE
2 Strategic Goals
• Reducing Financial Barriers to Health Services
• Improving Data for Health Systems Policy and
Decision-Making
PEMACU
OUTREACH
VENTURETECH
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
In line with our strategic goal to benefit the wider
community of Malaysians in increasing income level
and improving their quality of life, in 2020 VentureTECH
has initiated as part of our
Community Outreach Program (COP) to benefit the
targeted communities particularly the underprivileged
In alignment with the government’s focus to address
economic disparities as outlined in the Shared Prosperity
Vision 2030 and Twelh Malaysia Plan, 2021-2025,
VentureTECH inaugurated PEMACU Komuniti Programme
in 2021, a community outreach programme that primarily
aims to deploy services and products of VentureTECH’s
investee companies to benefit the underserved
community which may include the B40 households, the
homeless, ageing communities, women and children,
Orang Asli and those with special needs, among others.
PEMACU also aims to promote the capability of local/
Bumiputera company and encourage and advance the
use of local technology, products and services in the
country.
This initiative is in line with the priority focus of the
Ministry of Economy under the Equity Development Unit
that helps address poverty eradication for all Malaysians
in the underprivileged group particularly the hardcore
poor and the B40 and M40 groups.
This Programme, jointly undertaken with MIGHT, is
named PEMACU Komuniti to reflect its underlying
intent to deliver purposeful socio-economic impact to
the local communities via application of technology-
driven solutions or services and encourage meaningful
partnerships and collaborations between the public and
private sectors through a more holistic whole-of-nation
approach, involving wider segments of the society.
PEMACU Komuniti Programme aims to improve the
quality of life of the underprivileged through technology
deployment to address basic necessities such as clean
water, connectivity and healthcare.
PEMACU Komuniti
Driving social innovation for enhancing the
quality of life of underprivileged community
groups and the untapped or unemployed local talents,
as we strive to promote diversity and inclusive growth.
Under the @PEMACU Programme, VentureTECH has
implemented two initiatives, namely, “PEMACU Kerjaya”
and “PEMACU Komuniti”, which were launched in 2020
and 2022, respectively.
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
The PEMACU Komuniti Programme commenced in 2021
with its first clean water project in Perlis to provide clean
water to the local community particularly the asnaf group.
It is done in collaboration with VentureTECH’s investee
company (ACME Chemicals (M) Sdn Bhd), Tuanku Syed
Putra Foundation (YTSP) and Perlis Islamic Religious and
Malay Customs Council (MAIPs).
This collaboration equips two selected rural areas in
Perlis with water scarcity issue, namely Wakaf Air Kawasan
Penempatan Kampung Lubuk Macang, Batu Bertangkup,
Perlis and Kawasan Penempatan Kuala Sanglang, with
modular water treatment to address their water supply
ACME’s Compact Modular Water Treatment UnitCrown Prince of Perlis, Tuanku Syed Faizuddin Putra Jamalullail hands over a certificate of appreciation
to the landowner and Batu Bertangkup resident En Ishak bin Hassan
Pioneering rst PEMACU
Komuniti Project on
Accessibility to Clean
Drinking Water for
Asnaf
in
Perlis
issue due to irregular supply from low pressure of main
water supply, and lack of access to clean, potable water
due to defective water treatment facility.
The beneficiaries are now able to gain access to clean
water that meets the Drinking Water Quality Standard via
ACME’s proprietary, innovative water treatment solutions
implemented through its mobile Compact Modular Unit,
which treats well water through the process of physical
filtration, chemical treatment and the use of ACME
Chemicals’ internally-developed technology that features
their specialty in-house adsorption technology, known as
Granular Adsorption Media (GAM).
VENTURETECH
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
The modular water treatment plant
is also equipped with an automation
system including an advanced
sensor to provide automatic control
for the entire water treatment plant,
thus allowing the monitoring and
maintenance of the treatment plant
to be done in a remote-control
mode, making the whole system
more eicient and cost-eective. This
coordination guarantees continuous
water supply and reduces any issues
during maintenance. This presents a
holistic solution to the issue of water
scarcity for local residents through
a more cost-eective and eicient
water supply treatment approach.
This project is estimated to benefit a
total of five villages with around 160
houses and 1,300 residents that are
mostly in asnaf category. Crown Prince of Perlis visits the modular water treatment plant at Kampung Lubuk Machang, Kangar, Perlis
It is EPU’s hope that this collaboration
can be the role model for the involvement
of the private sector in the Government’s
various initiatives and national agenda,
thus triggering more private sector
participation of this kind in the future for
the well-being of the people.
Deputy Secretary General (Policy),
Ministry of Economy
VentureTECH’s investment with ACME
Chemicals’ technological expertise and
cooperation from YTSP and MAIPs is a
smart, strategic, and holistic partnership
that can improve the quality of life
and well-being of the villagers and the
general public.
Co-Chairman of MIGHT
Pioneering rst PEMACU Komuniti
Project on Accessibility to Clean
Drinking Water for
Asnaf
in Perlis
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
Another programme under the PEMACU initiative
umbrella, PEMACU Kerjaya, was initiated in 2020 and
aims
This Programme is developed with two-
pronged objectives:
• To increase employability and competitiveness
of local graduates to meet current industry needs
particularly that of technology-based, higher value-
added and emerging industries;
• To assist VentureTECH’s investees in talent sourcing
and development, and reduce the risk/cost burden
associated with it; and
• To narrow the hard and so skills gaps among the
local graduates to fit the requirements of higher-
skilled jobs.
PEMACU Kerjaya
Nurturing our talents for employability in skilled
and higher income jobs in technology sectors
Through this programme, the participants are able to gain
industry experience and test drive a career in technology-
based and skilled position, receive internal and external
training based on industry-specific skill needs, network
with industry peers and develop so skills critical to
professional growth e.g., interpersonal, problem solving,
etc. Approximately
by the Investee Companies.
OUR PARTNERSINVESTING FOR IMPACT
VENTURETECH
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
WHERE WE INVEST
OUR
PORTFOLIO
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT OUR PARTNERSINVESTING FOR IMPACT
Mission-Driven
Founders to Leaders
We have invested in technology-driven companies that are helmed by pioneering, visionary and dierentiated leaders in
their respective industries and have contributed to the economy and community.
Manufacturer of disposable medical
devices. Successful commercialisation
of home-grown technology by a local
university (UPM) through production of
locally-made Vacuum Blood Containers.
www.seliatek.com
GPT is one of the leading manufacturers
and suppliers of medical and industrial
gases such as Oxygen, Nitrogen and
Acetylene. To expand into modular high-
tech oxygen supply and piping system for
public healthcare.
www.gaspantaitimur.com.my
A market leader for production and
integration of intelligent systems, namely
RTU and SCADA systems in the emerging
sectors of IoT and IR4. Developed full-
cycle fertigation system via VisconAgro’s
precision farming powered by IoT.
www.viscon.com.my
A leading systems integrator company with
more than 20 years proven experience
in rail, telecommunications, power and
system engineering industries. Delivered
info-communications projects in North
Africa and ASEAN in the oil and gas, rail and
aviation sectors.
www.cmcgroup.com.my
Largest privately held pharmaceutical
manufacturer in Malaysia. Controls 40% of
local market for intravenous solutions with
export revenue of 20%, ranked 1st in this
segment.
www.ainmedicare.com.my
Malaysia’s first Tissue Engineering
company, pioneering in the field of tissue
engineering, regenerative medicine, stem
cell therapy and natural aesthetic. Seeded/
funded by MTDC and supported by UKM.
www.cell-tissue.com
VENTURETECH
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
Tier 1 Design house and engineering
solutions provider; deliver value-added
digital engineering services in Industry
4.0 for automotive, shipbuilding and rail
industry.
www.dreamedge.jp
Leading biomass pellet manufacturer and
EPCC contractor in Malaysia that is capable
of exporting 36,000 MT of EFB pellet
annually throughout Asia.
www.detikaturan.com
Specialised in Non-Destructive Testing and
Engineering Inspection Technologies with
vast experiences in Oil and Gas, power,
steel construction and heavy equipment
manufacturing industries.
www.nde-consultancy.com
Major EPCC player in industrial automation
field. Oers Mechatronics Design and
Engineering Solutions for automation and
robotics, and enables IR4.0 and driving
transformation of local SMEs.
www.txmr.my
LED lighting manufacturer with R&D and
testing facility and has partnered with
notable world LED players such as Phillips.
It incorporates smart technology into its
lighting products and developed a UVC
lighting range for sanitation of buildings
and spaces.
www.extrabuilt.com
Ranked 1st Drone Service provider globally
with presence in 35 countries (Australia,
Japan, UAE, Chile, UK among others),
leading the global tech curve in the use of
drone data and AI-powered analytics. Part
of MDEC GAIN programme.
www.aerodyne.group
Malaysia-made protective coating on
surfaces manufacturer specialising in
the field of chemistry, engineering and
nanotechnology.
www.tevocreations.com
Specialised in Internet of Things particularly
in Smart City applications and a pioneer in
the development of Smart City with plans
for expansion in predictive analytics and
integrated platform.
www.kiwitech.com.my
Specialty chemicals company venturing
into mobile environmental services
with the provision of its mobile eluent
treatment services.
www.acmechem.com.my
Mission-Driven Founders to Leaders
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
A start-up pioneering production of green
thermal products (aerogel) to transform
the insulation industry across a multitude
of sectors from automotive to building
materials.
www.venturetech.my/portfolio-item/
maero-tech
Duopharma Biotech to partner with
Biotech Pangen (Korea) in R&D and will
set up high-end biosimilar industry and
develop local capabilities in biologics
(epoetin, EPO) manufacturing. Potentially
benefiting from approximately RM0.54
billion biologics market in Malaysia.
Manufacturing of mould design for
jerry cans bottles or containers and
contract manufacturing. Expansion into
manufacturing of biodegradable-based
containers.
www.gaiaplas.com
A homegrown financial technology
company regulated by Bank Negara
Malaysia under the Payment System Act
2003 and a licensed entity by Mastercard
as an issuer of Mastercard payment card in
Malaysia.
www.bayo.my
Mission-Driven Founders to Leaders
VENTURETECH
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
Selia-Tek Medical Sdn Bhd (Selia-Tek Medical) is a
Malaysian company focusing on manufacturing of
medical disposable plastics products. Helmed by two
Bumiputera owners, the company began its operations in
2002 when they realised there was a gap in the market for
local medical disposable plastics products. The company
aims to be Malaysia’s best manufacturer for medical
disposable plastics products with products available
locally and internationally. With strong support from
the Ministry of Health, Selia-Tek Medical established its
manufacturing facilities in Kota Damansara, Selangor to
cater to the growing demands for locally-manufactured
medical disposable products.
Selia-Tek Medical envisions itself to become Malaysia’s
best manufacturer of specialised plastic injection
moulding products in niche markets. As an ISO13485
compliant manufacturing company, the products are
made in a strict quality control environment to ensure
VentureTECH has been vital in supporting
our growth in introducing new products
into the market. Through VentureTECH’s
support, we have established a new
production and assembly line to produce
Malaysia’s first blood collection tube that
complies with Malaysia’s Medical Device
Authority and Conformitè Europëenne
standard. This support eectively allows us
to produce a total of 23 dierent variety of
products used to meet local demands and
penetrating into global markets.
Founder
Founder
Selia-Tek
Sdn Bhd
Mission-Driven Founders to Leaders
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
all products are carefully manufactured, packed and
distributed to all local hospitals across Malaysia.
In years to come, the company aims to produce more
varieties of the medical disposable plastic products for the
Malaysian market, whilst supporting the country’s growth
in its ability to produce many dierent medical products
locally. Equipped with the experiences in the local market,
Selia-Tek Medical plans to introduce its products in the
South East Asia and Middle Eastern regions.
Mission-Driven Founders to Leaders
Selia-Tek Medical’s products are used across all
government hospitals in Malaysia and during the
COVID-19 pandemic, the company was involved in
Program Imunisasi COVID-19 Kebangsaan (PICK) Malaysia
which saw the medical devices producer delivering
approximately 30 million syringes and needles to support
the government’s eort to contain the spread of COVID-19.
VENTURETECH
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
Ain Medicare Sdn Bhd (Ain Medicare), established in 1993,
is a trusted name and leading Malaysian manufacturer of
pharmaceutical and medical devices products, ranging
from Large Volume Parenterals, Small Volume Parenterals,
Peritoneal Dialysis Solutions, Irrigation Solutions, and
Haemodialysis Concentrates.
Located in Kelantan, on the East Coast of Peninsular
Malaysia with six (6) pharmaceutical complexes, the
facilities are fully-equipped with production floor,
microbiological and chemical laboratories, warehouses
and administrative centre. To cater to the increasing
demand, another manufacturing facility for haemodialysis
products and finished-goods warehouse have been
established in Kulim, Kedah.
With the mission to provide quality products and
services that fulfil the nation’s pharmaceutical needs by
consistently meeting the standard of health professionals
and patients, in compliance with regulatory requirements
and best practices, Ain Medicare is currently the sole local
manufacturer of Intravenous Solutions in Malaysia.
The recent pandemic tested our ability to
eiciently supply the core pharmaceutical
products including Intravenous Solutions,
Injectables and Haemodialysis Concentrates,
especially when there was disruption in the
international supply chain. Alhamdulillah,
we have successfully overcome the pressure
and faced the crisis, thanks to VentureTECH
for the confidence shown in our company,
which has proven to be a major boost to Ain
Medicare’s expansion plan.
Chairman
Ain
Medicare
Sdn Bhd
Mission-Driven Founders to Leaders
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
Moving forward, Ain Medicare aspires to venture into
niche market products and contract manufacturing
by leveraging and strengthening its R&D facilities and
increase adoption of Industry 4.0 to further innovate
superior quality healthcare products.
The company is founded by Dato’ Wan Ari Wan Hamzah
who has successfully steered the company towards
numerous remarkable achievements that have gained
Ain Medicare’s products international recognition and are
Mission-Driven Founders to Leaders
used by both the private and public health care sectors
as well as non-profit healthcare providers in Malaysia and
abroad.
With a manpower of 1,200 strong, Ain Medicare is
presently exporting its products to 25 countries worldwide
including among others Saudi Arabia, Switzerland, Hong
Kong, United Arab Emirates, Singapore, Indonesia, New
Zealand and the Philippines.
VENTURETECH
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
Cell Tissue Technology (CTT) is Malaysia’s first Tissue
Engineering company established to address the shortage
of donated organs, mainly, the shortage of skin donors in
treatment of chronic wounds and burns. The company
is a spin-o of the National University of Malaysia (UKM),
one of the country’s leading universities and research
institutes.
Founded by Dr Khairul Idzwan Baharin and Professor
Dato’ Dr Ruszymah Idrus in 2010, the company’s products
and services are centred on a new niche in advanced
medical technology encompassing tissue engineering,
regenerative medicine and cellular therapy.
The company is envisioned to become the region’s
tissue engineering hub, supplying human cells, tissues
and organs by providing ingenious solutions to various
medical problems via commercialised breakthrough
medical technology. CTT ultimately aims to push the
medical science field through its proprietary technology
and to stimulate the industry growth and subsequently
position Malaysia as the forerunner of the medical
science industry, renowned for its revolutionary ideas
and transformational innovations.
VentureTECH’s assistance has enabled us
to establish a GMP compliant infrastructure
to produce quality and products that are
widely accepted by industry standard.
Playing the role as an impact investor, they
have empowered CTT via its grounded value
creation initiatives to expand our potential
by connecting us with various opportunities
and channels, whilst ensuring that a
favorable growth trajectory is achieved.
Founder
Cell Tissue
Technology
Sdn Bhd
Mission-Driven Founders to Leaders
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
Riding on their expertise in tissue engineering, CTT has
treated underprivileged patients who have suered
severe wounds resulting from burns, traumatic injuries
or chronic non-healing wound ulcers by providing its
advanced wound care treatment of Tissue Engineered
Medical Products (TEMPs).
Mission-Driven Founders to Leaders
In the years to come, CTT will continue working towards
becoming the pioneer in advance medical technology
products and services that integrate sophisticated
industrial 4.0 philosophy as well as venturing and
expanding into others industries or global markets by
capitalising on its expanding technical and technology
know-how.
VENTURETECH
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
Established in 1980, Gas Pantai Timur Sdn Bhd (Gas
Pantai Timur) specialises in manufacturing and supply of
medical and industrial gases for supply and distribution
to local hospitals and other government agencies.
Premised on the company’s vision to be the preferred
supplier of medical and industrial gases in the region, Gas
Pantai Timur presently produces six types of gases which
includes oxygen, nitrogen, nitrous oxide, entonox and
medical compressed air in its two proprietary processing
plants located in Pengkalan Chepa Industrial Area,
Kelantan and in Gopeng Industrial Area, Perak.
Presently, Gas Pantai Timur has an extensive logistic
network in Peninsular Malaysia through supply and
distribution depots in the Northern Region (Penang),
Southern Region (Johor), Eastern Region (Pahang &
Kelantan) and Central Region (Perak and Selangor),
catering to market segments from both the government
and private sectors.
It also has an established Quality Management System
through Good Distribution Practise for Medical Devices
(GDPMD) certification granted by the Medical Device
We are grateful to VentureTECH for their
timely investment, as their injection of
funds helped us fulfil the demand for
Oxygen cylinders and other medical
equipment needed in the fight against
COVID-19. This pandemic has shown us that
we must always be ready for the unexpected
and with VentureTECH’s backing, we believe
we are in a better position to prepare for
whatever the future may hold, InsyaAllah.
Gas Pantai
Timur Sdn
Bhd
Chief Executive Oicer
Mission-Driven Founders to Leaders
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
Authority of Malaysia (MDAM). This ensures GPT meets the
standards in terms of storage and distribution of medical
devices.
As the only Bumiputera-status company with
manufacturing facilities for medical and industrial
gases business, certified by the Ministry of Finance, Gas
Mission-Driven Founders to Leaders
Pantai Timur in the foreseeable future plans to expand
their facility to include cylinder hydrotest, new cylinder
refilling stations and laboratory; to establish another
manufacturing plant in the central region as a way to
cater to demands throughout the Peninsular Malaysia;
and penetrate further into private hospitals and industrial
market segment.
VENTURETECH
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
Founded in 1994 in Kuala Lumpur, Malaysia, Prestigious
Discovery Sdn. Bhd. (PDSB) is an engineering, research
and development company focusing on supervisory,
control and data acquisition systems (SCADA), related
security, command control and communication networks.
Its expertise is in system design, manufacturing,
consultation, installation, testing, training, maintenance
and support services with products and services
covering a wide range of industries and critical
infrastructure sectors including electricity, waterworks,
oil and gas, transportation, building and security, and
telecommunications.
The company was built on a mission to provide
professional services for design, consulting, testing,
implementing, training and support, as well as
continuously upskilling its expertise. With the company’s
VentureTECH’s participation in the company
has provided invaluable management
advice and assistance for improved
operation, wider marketing exposure and
opportunities in non-traditional markets.
The stability of each of the companies with
various background within VentureTECH’s
portfolio provide an avenue for partnership
to venture into markets/projects that are
challenging to break through and execute
alone.
Prestigious
Discovery
Sdn Bhd
Chairman
Founder and Chief Executive Oicer
Managing Director
Mission-Driven Founders to Leaders
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
wide range of expertise and experiences, it carries a
vision to become a unique, global one-stop centre for
supervisory control and data acquisition solutions in the
industrial and critical infrastructure market.
Products designed and owned by the company among
others, include utility/critical infrastructure’s SCADA
System Master (Control Centre), Remote and Field Terminal
Units (RTUs and FTUs), agriculture’s Full-Cycle Fertigation
System, and various related components and peripherals
such as surge arrestors, modem communication splitters,
Mission-Driven Founders to Leaders
internet of things devices (IOT), simulators (hardware and
soware) etc.
The company was ranked among top 10 key players in
the global RTU market in 2015, 4th in Global RTU market
in 2017 and a key player in this field in Malaysia catering
to critical infrastructure sector particularly in power
distribution. In five to ten years, Prestigious Discovery
aims to increase its global RTU market placing itself in the
top 5 key players capturing a bigger slice of over RM100
billion of global SCADA market.
VENTURETECH
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
DreamEDGE Sdn Bhd (DreamEDGE) is a 100% Bumiputera-
owned company with R&D status founded in 2007 by
Datuk Khairil Adri Adnan. From its humble beginning,
DreamEDGE is missioned to drive innovation into all
aspects of development via sustainable values, high
standard of service and recognition for ideas and growth.
Based in Cyberjaya, the company also has an Additive
Manufacturing & Prototyping Centre in AutoVille
Cyberjaya, an Innovation & Technology Centre located
within SIRIM, Bukit Jalil, a Digital Engineering Design
Centre in Taiping, Perak as well as an R&D oice located in
Shibuya, Tokyo, Japan.
With a vision to be the global partner of choice in
providing a portfolio of innovative technology-driven
services and solutions, DreamEDGE prides itself for being
a pioneering company that oers innovative solutions
focused on providing and engaging clients by employing
our pool of talents and resources to deliver engineering
services across industry verticals such as automotive,
rail, naval, defence, energy, aeronautics, automation and
manufacturing.
VentureTECH has done a lot in sincerely
wanting to promote local Malaysian
companies like DreamEDGE in high value-
added and high technology industries.
Beyond the financial assistance /
investment, through VentureTECH we
become a part of a thriving ecosystem
which allows us the access many doors
as well as important, valuable peers for
guidance and assistance.
DreamEDGE
Sdn Bhd
Chief Executive Oicer
Mission-Driven Founders to Leaders
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
In addition to its expertise in oering innovative solutions,
DreamEDGE also caters to services for prototyping,
robotics, IoT, Industry 4.0, digital contents as well as
human capital development programmes.
Over the past years, DreamEDGE has been successful in
securing and delivering a significant number of contracts
in the areas of engineering design as well as other
product development research and development works
from multinational corporations (MNCs) and companies
alike which strengthens the confidence in DreamEDGE’s
capabilities.
DreamEDGE is driven to becoming a premier one-stop
solutions centre for Engineering Design, Prototyping,
Mission-Driven Founders to Leaders
Tooling Design, Automation and Low-Volume
Manufacturing, Training & Education, Tourism, Medicine,
Entertainment, Overhaul and Maintenance.
As Innovation and Engineering is the very core of
DreamEDGE’s DNA, the company has developed its
local R&D status company, recognised by Malaysian
Investment Development Authority (MIDA). Moving
forward, DreamEDGE has embarked on another field,
namely education with the mindset that education and
awareness of STEM need to be created from the very
beginning of children’s education.
VENTURETECH
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
CMC Group Sdn Bhd (CMC) was established in 1996
through a smart partnership between ARY Venture
Sdn Bhd and Nippon-Comsys Corporation, Japan to
promote localisation of technological know-how and
expertise. Founded by Dato’ Abdul Rahman Yusof, the
Group envisions to become the leading Engineering-
Procurement-Construction-Commissioning (EPCC)
group of companies with global presence, oering a wide
spectrum of expertise with the latest technologies at the
highest quality commitment.
Today, CMC Group has grown to become a leading
integrated services and solutions provider for the Public
Infrastructure, Info-communication, Power and Energy
sectors, with over 25 years of experience in providing
comprehensive, multi-disciplined project management
services to cover the whole EPCC spectrum.
As sustainability becomes a key focus for
more organisations, CMC must develop a
new way of doing business and our new
growth strategy cannot be built on the same
assumptions and principles that drove
results in the pre-pandemic era. Success
will no longer be measured with profit
and operational metrics alone. By having
VentureTECH investing in CMC has helped
us in many ways especially in providing
endless support and guidance. It also has
helped CMC to overcome financial obstacles
to develop and grow our business. We fully
trust that this significant relationship will
culminate into a new, reformed CMC.
CMC
Group
Sdn Bhd
Founder
Mission-Driven Founders to Leaders
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
Equipped with highly-skilled and technically capable
multinational workforce and strong project management
capabilities, the Group presently has a regional presence
in Malaysia, Japan, and Vietnam. CMC has its headquarters
in Ampang, Selangor, and two project oices in Subang
Bestari and Klang. The company’s mission is to be
committed to provide services of international standard,
meeting the requirements and satisfaction of its
customers whilst ensuring a continual improvement to
Quality Management System.
Leveraging CMC’s track records and capabilities, the
company is well-positioned to become a leading system-
driven engineering and construction company with
strong defendable market position that lies within its
engineering and project delivery capability; and fully-
equipped technology integration and innovation centre
to serve export markets. CMC also prides itself as a future-
Mission-Driven Founders to Leaders
oriented organisation that leverage digital platform and
technologies to prepare for the future.
Some the current and past projects under the company’s
belt include Electrified Double Track Railway between
Rawang and Ipoh (2008) LRT Kelana Jaya Line Extension
Project, Kuala Lumpur (2016), LRT Ampang Line Project,
Kuala Lumpur (2017), Mass Rapid Transit (MRT) Line 1,
Kuala Lumpur (2018), HCMC Urban Railway Line 1, Ho Chi
Minh City, Vietnam (Ongoing), Mass Rapid Transit (MRT)
Line 2, Kuala Lumpur (Ongoing), Damansara-Shah Alam
Elevated Expressway (DASH) and Sungai Besi-Ulu Kelang
Elevated Expressway (SUKE), Kuala Lumpur (Ongoing),
Changi International Airport Terminal 2, Singapore
(Completed), and Sonatrach Plant Expansion (Hassi
Messaoud Site) Project – Telecommunication Systems,
Algeria (Ongoing).
VENTURETECH
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
Aerodyne Group (Aerodyne) is a DT3 (Drone Tech, Data
Tech, and Digital Transformation) drone-based enterprise
solutions provider, and a pioneer in the use of artificial
intelligence as an enabling technology for large-scale
data operations, analytics, and process optimisation.
The company is based in Cyberjaya, Malaysia with 10
regional headquarters in India, United States, United
Kingdom, Australia, Dubai, Japan, China, Kazakhstan,
Chile, Indonesia.
Founded by Kamarul A. Muhamed and Azita Azizan in 2014,
the company is presently over 900 drone professionals
strong, operating in the UAS services sector, managing
more than 560,000 infrastructure assets with 458,058
flight operations and surveyed over 380,000 km of power
infrastructure across 35 countries globally.
Having positioned the company as more than just a
drone company, Aerodyne’s competitive advantage lies in
its high technology, data capabilities and robustness. This
is being bolstered by the company’s eort to build a team
500 AI Engineers and Data Scientists in the near future to
propel the company to the next level of growth and global
competitiveness.
With more R&D eorts and M&A with tech companies,
Aerodyne strives to be a global AI powerhouse with strong
foothold in the B2B and B2C, by expanding its SaaS
Through VentureTECH’s role in our Series
B fundraise, we were able to undertake
acquisitions across the globe. The funding
and strategic support allows homegrown
companies to grow and potentially go
global.
Aerodyne
Ventures
Sdn Bhd
Founder and Group CEO
Mission-Driven Founders to Leaders
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
services to a wider global B2B network, complemented
by a B2C market penetration. The company possesses an
ambitious goal of becoming a unicorn listed company on
one of the global stock exchanges.
Aerodyne is ranked first in the world by Drone Industry
Insights (DII) in its ‘Drone Service Provider Ranking 2021’;
was named Frost & Sullivan’s ‘Asia Pacific UAV Services
Mission-Driven Founders to Leaders
Company of 2019’; and is a recipient of the Institute of
Engineering and Technology (IET) Malaysia’s ‘Industry
Excellence Gold Award 2019’. Kamarul A Muhamed, is
‘EY’s Entrepreneur of the Year 2020’, ‘EY’s Technology
Entrepreneur of the Year 2020 Malaysia’, Technode
Global’s Startup Leader of the Year 2021’, as well as ‘SEBA
Entrepreneur of the Year 2020’.
VENTURETECH
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
Kiwitech Group is a wholly-owned Malaysian-based Group
of Companies. Since its establishment in 2001 by Dato’
Azrin bin Abu Bakar, Kiwitech has been an early mover in
integrating cities, providing city surveillance services with
great success in 25 Malaysian cities nationwide.
Leveraging its digital super platform TrustPrime, it
drives platform for stakeholder integration to induce
city communities to collaborate and innovate, as well
as connecting city contents and ecosystem. Kiwitech’s
value creation is through unlocking data through digital
services and drive ecosystem development.
In leading the Smart and Low Carbon Cities Program,
Kiwitech has embarked on taking collaborative leadership
in smart city and ecosystem development as co-founding
member of Sustainable Cities Industry Alliance (SCIA).
Leveraging on existing surveillance assets
in 25 cities, Kiwitech is in a strategic
position to spearhead the Smart City
agenda through Smart Poles, Smart City
Platform, and Integrated Operations
Centres (IOCs) as enablers to integrate
city data towards new insights and
value creation. The involvement of the
government has accelerated our mission in
empowering Data-Driven Cities in Malaysia.
The investment from VentureTECH
allows Kiwitech to broaden the smart
city capabilities as well as nurturing
our business ecosystem and strengthen
operational capabilities towards greater
market readiness.
Kiwitech
Sdn Bhd
Managing Director
Mission-Driven Founders to Leaders
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
With its vast experience and expertise, Kiwitech Group
is now actively in partnerships with state and local
governments as Program Delivery Partner for Smart City,
with its main objective to accelerate implementation
through Public-Private Partnerships (PPP).
Kiwitech’s innovation in Smart City goes beyond
technology through OPEX-based city services to local
governments. This approach protects governments from
high upfront capital expenditure, technology risks and
maintenance issues.
Kiwitech Group is at the forefront of collaborative eorts
in empowering cities towards more eicient city services,
increase in quality of life, and sustainable cities for all. In
short, providing governments to achieve ‘More, with Less’
expenditure.
Mission-Driven Founders to Leaders
To support the achievement of the National Smart City
Framework objectives and to achieve the company’s goal
as a Platform Leader, Kiwitech is focused on accelerating
the implementation and early realisation of the National
Smart City Initiative, to support growth towards Digital
Economy and strengthen National Security at the State
and Local levels. It also aims to actively address gaps
and systemise Smart City implementation towards
greater alignment and synergy of contents, approach,
multi-stakeholders and enabling government agencies,
whilst intensifying private sector investments through
Public-Private Partnership (PPP) and prioritising on Direct
Domestic Investments (DDI) in partnership with external
partners.
VENTURETECH
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
NDE Consultancy Services Sdn Bhd (NDE Consultancy
Services) is a Kemaman-based engineering inspection
and non-destructive testing (NDT) provider in the steel
manufacturing, construction and maintenance services
especially in oil and gas industry.
Incorporated in 1993 by a group of highly qualified
personnel, the company is built on a vision to be an
excellent leader in the services engineering inspection and
NDT, oering more than 50 in-service and maintenance,
third party services and training to clients and institutions.
NDE Consultancy Services is driven to provide “Quality
Solution” to integrate innovative new technologies with
conventional testing methods to assure the integrity of
industrial materials and components as cost-eectively
as possible.
The company is ISO 9001 and ISO 17020 accredited, and
has subsidiaries to cater to the growing demands. RSA
Academy Sdn Bhd provides training and certification
services of personnel in engineering inspection and non-
With VentureTECH investment, NDE
Consultancy Services Sdn. Bhd. has been
able to strengthen its inspection, Non-
Destructive Testing(NDT), and training
services in the industry globally. The
investment has also enabled NDE to expand
its services into Material Testing and Analysis
Laboratory. With this service strengthening
and expansion, NDE has become a one-stop
centre for engineering inspection and NDT
Service.
NDE
Consultancy
Services
Sdn Bhd
Executive Chairman and
Managing Director
Mission-Driven Founders to Leaders
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
destructive testing and is accredited the ISO 17024. MTA
Laboratory Sdn Bhd provides the services of mechanical
testing, metallurgical analysis, investigation and failure
analysis, and is accredited the ISO 17025.
NDE is set to pursue a wider regional clientele reach
with the same local oerings, which include Singapore,
Indonesia, Brunei, Thailand, Vietnam, Myanmar,
Cambodia and the Philippines.
Its founders and directors have a cumulative experience of
more than five decades in inspection and non-destructive
Mission-Driven Founders to Leaders
testing, and are currently active in the development of
training, certification and standards.
Aimed to become a one-stop centre and internationally
recognised engineering inspection and non-destructive
testing, the company is presently oering comprehensive
services for In-Service & Maintenance verticals,
encompassing Basic NDT, Advanced NDT, Third Party
Inspection Services, Inspection/NDT Training, Mechanical
Testing, Metallurgical Analysis and Failure Analysis/
Investigation.
VENTURETECH
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
TXMR Sdn Bhd (TXMR), incorporated in September 2010,
is a major EPCC player in industrial automation field
oering Mechatronics Design & Engineering solutions for
automation and robotics with a focus on providing smart
factory engineering solutions.
Backed by a string of successfully delivered projects under
its credentials, TXMR has repositioned itself as a trusted
brand in providing total engineering solutions from
design, construction, installation and aer sales services
for all kinds of industries specialising in engineering,
consulting, manufacturing, and automation systems.
Envisioned to become a global trusted brand that
emphasises on Human Sense Robotic Technology
Innovation for Robotic Component Manufacturer, TXMR
prides itself on keeping abreast of new technology
developments in order to provide the most current
recommendations.
Aside from that, its management and sta also actively
participate in conferences and seminars to continue
their education and keep up-to-date in the dynamic
field of Engineering industry. TXMR also fosters a good
VentureTECH came on board at the start
of the pandemic, which was a diicult and
challenging moment for most organisations
all across the world. TXMR has also been
impacted by the situation as a result
of multiple shutdowns ordered by the
government over the last two years. TXMR
is now able to continue to supply robotics
and automation engineering solutions
to its multi-sector client base thanks to
VentureTECH’s assistance.
TXMR
Sdn Bhd
Founder and Managing Director
Mission-Driven Founders to Leaders
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
relationship with global technical partners that are open
to sharing new knowledge to ensure current technology
is available to its clients and sta.
Moving forward, TXMR aims to grow into a successful
automation and robotics company with a global
presence by focusing on three activities which are R&D,
participation in international events, and advanced
product development.
Mission-Driven Founders to Leaders
TXMR is located in Kawasan Perindustrian Budiman,
Cheras, Selangor, which houses various equipment
capable to deliver Mechatronics Design & Engineering
Solutions for automation and robotics. The automation
company’s list of formidable global clientele in various
industries includes Toyota, BMW, Mercedes-Benz,
Mitsubishi Motors, Petronas, Shell, ExxonMobil, Petron,
Airbus, Boeing, and Repsol.
VENTURETECH
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
Bayo Pay (M) Sdn Bhd (Bayo) is a financial technology
company, a pioneer in the provision of Digital Payment-
as-a-Service (DPaaS) in Malaysia. Founded by Fardan
Majeed in 2016, the company is licensed by Bank Negara
Malaysia as an e-money issuer under Section 11 of the
Financial Service Act 2013 under the purview of Bank
Negara Malaysia, with a current wallet size of RM10,000.
Since inception, its unique business proposition has
set the company apart from its peers, by employing the
B2B2X model where it provides white labelling of digital
payment instruments via Bayo’s proprietary DPaaS to
businesses. Instead of building its own B2C brand, the
company empowers other businesses as its programme
partners to become the likes of Boost, TouchnGo, BigPay,
Merchantrade and GrabPay. In addition, the company
is also a principal Member of Mastercard Asia Pacific,
allowing it to oer a myriad of innovative Mastercard
digital payment solutions to its clients in Malaysia. Its
current product oering includes, amongst others, Co-
Branded Mastercard Prepaid card, Mobile Wallet and
other value-added services varying from financial and
non-financial products tailored to clients’ specific needs.
Bayo stands as the only Bumiputera fintech company
with the capability of issuing Mastercard payment card in
Malaysia.
We have grown so much in the past 5 years
and we continue to grow. We are expanding
locally and we intend to expand our reach to
overseas markets starting with the South East
Asia region. We believe with VentureTECH as
our strategic partner and investor, we would
be able to advance to the international level,
putting us on the same level playing field as
the incumbents out there.
Bayo Pay (M)
Sdn Bhd
Group Managing Director
Mission-Driven Founders to Leaders
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
Mission-Driven Founders to Leaders
VENTURETECH
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
Extra-Built (M) Sdn. Bhd. (Extra-Built) was incorporated in
30th May 1995 as a lighting manufacturer and is based in
Shah Alam, Selangor. From its humble beginning as an
authorised Sole Bumiputera Project Dealer and OEM for
Philips Lighting Malaysia, Extra-Built has grown over the
years to become a leading local Malaysian manufacturer
of LED luminaires.
Both innovative and intelligent eorts are the core values
that drive the company to deliver first-class products
backed by superior aer-sales service that is focused on
solving our clients’ illumination challenges. The company
owns an in-house research and development centre that
combines competent and technical knowledge, allowing
it to always define new trends in lighting. EBSB oers
five types of products: streetlight, floodlight, highbay
and lowbay light, downlight and panel light. It also
incorporates smart technology into its lighting products
to make them connected and trackable.
Extra-Built manufactures comprehensive range of state-
of-the-art luminaire and LED lighting solutions for both
indoor and outdoor with proven track record. LED
lightings have been known to provide better energy
eiciency, reduce electricity consumption, are more
VentureTECH’s role as an investing
arm in the company has impacted our
organisation in structuring and reshaping
the organisation to move forward in years to
come. The guidance and support in human
capital, financial issues and marketing
especially during and post-pandemic,
and national disaster are in line with the
government policy supporting SMEs and
green technology policy.
Extra-Built
Sdn Bhd
Founder and Managing Director
Mission-Driven Founders to Leaders
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
durable and have lower replacement rates compared
to traditional high-pressure sodium vapour lightings. In
addition, it does not contain mercury which is harmful to
the environment.
Extra-Built has the vision to diversify its business from
assembly and manufacturing operations to servicing
Mission-Driven Founders to Leaders
industries and consumer trading outlet with synergy to
the current business expecting to generate high turnover
and profitability. To achieve the goal, Extra-Built will
strengthen and continuously improve in areas such
as R&D, commercialisation plan, restructuring in the
marketing strategy and eiciency in manufacturing.
VENTURETECH
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
Detik Aturan Sdn Bhd (Detik Aturan) was founded on
the need for environmental engineering company to
establish a recycling process for green or biomass waste
to turn it into value-added product or an environmentally-
friendly product. Through the development of Renewable
Energy from palm oil biomass, Detik Aturan’s mission is
to produce energy at an economical cost by opting to
harvest raw material from biomass waste – commodity,
agricultural and forestry.
Detik Aturan’s involvement in EFB Pellet production started
as early as 2010 with the establishment of its Biomass
Research Centre, culminated through a collaboration
with Centre for Renewable Energy, University Tenaga
Nasional. Subsequent to the collaboration, Detik Aturan is
committed towards the development and improvement
of empty fruit bunch (EFB) Pellet with a series of research
collaboration with various institutions from local and
abroad.
Presently, the company oers a variety of biomass
products from Palm Biomass such as EFB Pellet, Feed
Pellet and Palm Kernel Shell. Detik Aturan customises
their products based on individual customer’s needs,
whilst also providing total engineering solutions for
Biomass waste.
VentureTECH’s investment came at a
perfect timing as the biomass industry
worldwide experiences growth and the
world is working towards achieving a
Net Zero Carbon in the power generation
sector. As such, this investment has helped
Detik Aturan to be more equipped and
competitive to take on the future.
Detik
Aturan
Sdn Bhd
Director and Co-Founder
Mission-Driven Founders to Leaders
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
Detik Aturan is well-positioned to take advantage of the
green and clean energy movement owing to the demand
for clean renewable energy resources, which opens up
a plethora of business opportunities across the world.
Furthermore, palm oil biomass can be used in a wide
range of industries, and Malaysia stands to profit from this
as it is one of the world’s top producing countries.
Mission-Driven Founders to Leaders
The company is committed towards ensuring the delivery
of an economical EFB as they are one of the pioneers
in the field with its own research facility and biomass
commercial pellet plant facility located in Kuala Selangor
District.
VENTURETECH
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
Acme Chemicals (Malaysia) Sdn Bhd (Acme) was
incorporated in 1993, as a subsidiary of Acme Chemicals
(Far East) Pte Ltd, a Singapore-based chemical trading
house. It is a technology-driven water and wastewater
treatment solution provider, with patented in-house
technologies, based in Port Klang, Selangor which houses
its laboratory, manufacturing plant and fabrication
workshop.
In 2012, the company was acquired by its Founder, Fouzi
Yunus, a chemical engineer by training with more than 30
years of industrial water treatment and oilfield chemical
experiences in Asia Pacific and the Middle East regions.
Acme envisions to become the preferred solution provider
and technology partner in the area of sustainable water
management, specifically customised wastewater
treatment solutions, water recovery and zero liquid
discharge (ZLD). Presently it oers customised modular
solutions for industrial and municipal wastewater
treatment and water recovery needs.
Its wastewater treatment solutions focus on CAPEX-
free solutions for industries with eluent regulatory
VentureTECH’s investment has enabled
Acme to break through into segment with
high entry requirements where normally
proven track records were the pre-requisite.
The investment has helped the company
to oer proof of concept and CAPEX-free
solutions to intending clients focusing on
system performance and end-results. The
investment also has added customers’
confidence in the company.
Acme
Chemicals
Sdn Bhd
Founder and Managing Director
Mission-Driven Founders to Leaders
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
compliance issue, water recovery and ZLD initiatives.
In the near future, the company is looking to operate
and maintain multiple wastewater treatment and water
recovery concessions under ZLD concepts in support of
sustainable industrial development.
To realise its goal of becoming a world-class company
with multiple global patents for products and processes,
Acme is continuously striving towards enhancing its
Mission-Driven Founders to Leaders
R&D capabilities by investing in talents and continuous
technology, process and product development. The
company is also working towards a Main Board listing on
Bursa Malaysia.
The company is based in Port Klang, Selangor where
the laboratory, manufacturing plant and fabrication
workshop are located. Acme also operates a branch in
Kuantan, Pahang.
VENTURETECH
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
TEVO Creations Sdn Bhd (TEVO Creations) provides
global integrated technological solutions, associated
with high-quality and unique products specialising in
surface chemical, engineering, and nanotechnology.
The company formulates and markets highly innovative
coating products ranging from industrial users to
household consumers, with the goal of delivering one-
stop, end-to-end services to all individuals and businesses.
Based in Simpang Ampat, Pulau Pinang, the company
was established in 2014 with a mission and commitment
to provide innovative solutions from commercial
to consumer range; to safeguard and improve the
longevity and hygiene of objects, surfaces, and the living
environment of its customers.
TEVO Creations was founded by a group of four promising
entrepreneurs, backed by a group of young and talented
employees. They strive to make a name for the company
through delivering technological innovations “smart
coating” to resolve peoples’ everyday problems.
VentureTECH’s investment has aided us
by accommodating suicient funding
to increase the existing resources and
output, thus enabling us to produce more
high-quality end products for both local
and international markets. In the longer
run, this eventually expanded our output
capacity, sales volume and profit. From a
developmental perspective, the increase
in profit has also helped to upgrade our
employees’ living standards and welfare.
TEVO
Creations
Sdn Bhd
Co-Founder and
Managing Director
Mission-Driven Founders to Leaders
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
The company evolved from a chemical raw material
supplier throughout the region, and has since made
another step forward with in developing exclusive line
of products designated to fit into today’s consumer
cross over association with multiple R&D needs. The
company focuses on developing “Green Technology /
Environmentally-friendly” products that are designed to
ease the day-to-day lifestyle of end consumers and the
industry.
Mission-Driven Founders to Leaders
With presence in more than 30 countries spanning across
the Middle East, North America, and South America, TEVO
Creations in the years to come aims to be the number one
technology coating product manufacturer in Malaysia,
with at least one manufacturing hub and five sales hubs
in Southeast Asian countries by 2028.
VENTURETECH
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
Gaia Plas Berhad (Gaia Plas) was established in year 2006
in Shah Alam, Selangor, Malaysia with a vision to be a
premier in manufacturing and trading of biodegradable
plastic products.
Founded by Norsharina Mohd Shahar, the company’s
business principles mainly cover every aspect of services
in the related fields including mould design for jerrycan
bottles or containers and contract manufacturing as per
requisite by customers.
The key to Gaia’s steady corporate growth is
R&D. This directs attention to the pervasive
need to align R&D investments with talents
and learning institutions to give a green
performance that would ultimately pave a
pathway to sustainable development via
VentureTECH’s sustainable investing.
Plastic packaging is ubiquitous but
sustainability is not. Therefore, Gaia
Greentech is working relentlessly to create
bioplastics as a collective eort to support
the bioresin revolution that is in full swing.
VentureTECH’s investment demonstrates its
recognition on the importance and value of
the bioplastics industry, which is a stepping
stone to transforming Malaysia into a more
eco-friendly nation.
GAIA Plas
Berhad
Executive Chairman
Chief Executive Oicer
Mission-Driven Founders to Leaders
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
Gaia Plas’ core business is in plastic manufacturing with
a focus on using the extrusion blow moulding process
to produce HDPE jerrycans. Aside from supplying for
the palm oil market, its jerrycans are now being used for
medical, lubricant and chemical products. The company’s
on-going product development innovation focuses on
incorporating green technology into existing polymer
industry techniques, such as biodegradable jerrycans in
the near future.
The company strives to be a purpose-driven leader in
producing sustainable and safe products to address
global climate change.
Gaia Plas’ commitment lies in its continuous eort to
develop innovative products that will help make the
Mission-Driven Founders to Leaders
world a better place. Through its subsidiaries, it is actively
pursuing new developments in areas that are carefully
selected within the group to ensure that it is aligned to
the Sustainable Development Goals by 2030, such as
green technology, 3D printing, and biodegradable plastic,
among others.
Its mission has always been to serve and provide quality
products and superior services to its customers and the
community at large. With over a decade’s experience,
the company has incorporated sustainable goals into its
business model and diversified into plastic packaging
solutions, trading, as well as e-commerce.
VENTURETECH
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
Maerotech Sdb Bhd (Maerotech) was established in 2020
and pioneers in the production of green aerogel that
will transform the insulation industry. The company’s
principal business is manufacturing of rice husk-based
silica aerogel for industrial applications such as building
materials, painting and coating. Their aerogel has unique
properties due to the usage of rice husk as raw input
material. The company develops silica aerogel and fumed
silica to regular importers and buyers at very reasonable
prices, enabling them to export at a lower price. Together
with its partners, it is involved in continuous research for
development of innovative thermal applications.
Over the years, the company has gained valuable
experience in developing other RH silica derivatives,
namely Sodium Silicate, Hydrogel, Nanocoating and Nano
Silica. While other aerogel manufacturers use sand-based
silica where the production process is energy intensive,
Maerotech has developed the capability to manufacture
silica aerogel from Rice Husk on an industrial scale,
named HAMZEL.
Maerotech operates in an industry with
inherent risks surrounding its manufacturing
process, feedstocks, material durability and
market forces. However, VentureTECH’s
strategic guidance and belief in our
technology and vision have been
instrumental in helping us navigate the
challenges of starting a new business and
bringing our aerogel product from the
research and development stage to market.
Maerotech
Sdn Bhd
Founder and Managing Director
Mission-Driven Founders to Leaders
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
Mission-Driven Founders to Leaders
VENTURETECH
WHO WE ARE OUR PARTNERSOUR MANDATE INVESTING FOR IMPACT
VentureTECH entered into a tripartite Memorandum
of Understanding (MoU) with Duopharma Biotech Bhd
(Duopharma Biotech) and PanGen Biotech Inc. (PanGen)
towards the establishment of Malaysia’s first commercial
biosimilar production facility in a move to position the
country as a regional player in the growing biosimilar
market, whilst improving aordability and accessibility to
healthcare in the country.
And if the COVID-19 pandemic has shown
us anything, it is that the government has
to play a more active role in advancing
healthcare and in promoting technology
adoption, working hand in hand with
industry players to improve the quality of
life and access to healthcare by making
healthcare aordable and more accessible
to the people.
Duopharma
–PanGen
Biotech
[Approved Investment]
Former Minister of Science, Technology and
Innovation (MOSTI)
Mission-Driven Founders to Leaders
OUR PARTNERS PEMACU WHERE WE INVESTINVESTING FOR IMPACT
The strategic MOU and international collaboration in
biopharmaceutical market is set to further spur the
growth of biotechnology industry in Malaysia, as the
Ministry of Science, Technology, and Innovation (MOSTI)
sets to prime biotechnology as the main engine of growth
for Malaysia’s economy.
VentureTECH will invest about RM15 million into the joint
venture with Duopharma Biotech, a Malaysian leading
pharmaceutical company, with R&D collaboration with
PanGen, a South Korea-based company that specialises
in research and manufacturing of bio-based medicine to
produce biosimilar drugs to cater to both domestic and
export market.
Some of the potential impacts identified from this synergy
include increasing the demand for highly-skilled local
talents particularly in the high-value biopharmaceutical
products, and promoting technology adoption in making
healthcare especially chronic diseases that require
biosimilar treatments more aordable to the public at
large, especially to the B40 and M40 segments.
Mission-Driven Founders to Leaders
Duopharma Biotech is the first Malaysian pharmaceutical
company to commercialise biosimilar EPO branded as
Erysaa, which has been certified Halal by the Korea Muslim
Federation and is already under the review of Jabatan
Kemajuan Islam Malaysia to obtain Halal certification in
Malaysia. This biosimilar product is currently being filled
and finished in Duopharma Biotech’s facility in Klang.
Erysaa is consumed by anaemic patients undergoing
kidney dialysis to stimulate the production of red blood
cells.
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