The Government is committed to provide an alternative pathway for SME to access financing by crowding in private investors to invest into viable SMEs through SME Investment Partner (SIP) Programme. Minister of Entrepreneur Development, Datuk Seri Mohd Redzuan Yusof launched the programme on Tuesday (July 9), with the announcement of its two SME partners namely Warisan Quantum Management Sdn Bhd and RHL Ventures Sdn Bhd.

The Programme is a co-funding initiative between the Government and private sector with the objective to enhance access to financing for SMEs, particularly those at early stage through the provision of risk capital financing. The SIP programme, one of the High Impact Programmes (HIPs) under the SME Masterplan (2012-2020) is implemented by SME Corp Malaysia, an agency under the Ministry of Entrepreneur Development.

Under this programme, SME Corp. Malaysia will appoint the fund management firm referred to as SME Partner who is responsible to raise funds from private investors which will be matched by funds from the Government through SME Corp. Malaysia.

Thus far, a total of RM90 million have been raised and are now ready for investment into potential SMEs from initial seed funds of RM40 million by the Government via SME Corp. Malaysia. Both SME Partners, Warisan Quantum Management Sdn Bhd and RHL Ventures Sdn Bhd have successfully raised up to RM 50 million funds to be matched with the Government seed funds.

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