The Asian Business Angel Forum 2012 (“ABAF”), Asia’s premier angel gathering and conference for emerging and growing businesses was attended by investors with net worth values of more than RM 250 million in one room. ABAF 2012, which began with a pre conference training session yesterday, will continue until 26 May 2012.

Officiated by Y.B. Dato’ Seri Haji Ahmad Husni Bin Mohamad Hanadzlah, Finance Minister (II), Ministry of Finance, Malaysia; the conference themed Cultivating Business Angels in Asia gives timely focus on the increasingly pivotal role that angel investors play in raising Asia’s presence and place as the leading engine of growth for business in the world today.

Also announced at the event was the soon to be introduced Malaysian Business Angel Network (“MBAN”), an initiative championed by Cradle Fund Sdn Bhd under the guidance of the Ministry of Finance of Malaysia.

Held at the JW Marriott Kuala Lumpur, ABAF 2012 sees a host of local multinationals and business leaders as well as young entrepreneurial businesses coming together as sponsors to showcase Malaysian and Asian innovation to the world.

Malaysian companies highlighted included several well-known brands like MYEG Bhd, YES 4G, CIMB Berhad, Mayflower and MSC Malaysia (“MDeC”). Emergent world ready brands like Hybrinix Sdn Bhd (“RUVO”), iPay 88, Evenesis, Pulse Group PLC, SouthPaw and Singapore based Pigeonhole were also present.