Malaysia brings in McKinsey in bid to lure regional tech startup investment | afr.com

The Malaysian government has engaged consulting firm McKinsey & Company in an ambitious plan to make the country the technology start-up hub of south-east Asia, and lure US and Australian investors.

McKinsey is in the process of speaking with international venture capital firms including investment firms from the United States and has invited companies from Australia to discuss potential funding and entrepreneur partnership programs, according to Tan Sri Dr Mohd Irwan Serigar Abdullah, secretary general of Malaysia’s Treasury, Ministry of Finance.

The consulting firm will deliver a report to the Treasury secretary in August, which will be used to inform the Malaysian government on the best approach to support and grow technology entrepreneurship in the country.

via Malaysia brings in McKinsey in bid to lure regional tech startup investment | afr.com.