Efforts to grow Angel investments in Malaysia received a further boost today with the launch of the Malaysian Business Angel Network (MBAN) by Cradle Fund Sdn Bhd (Cradle).During the Asian Business Angel Forum 2012 (ABAF 2012) held in Kuala Lumpur Dato’ Seri Ahmad Husni had announced the establishment of MBAN to encourage more Angel investments. MBAN aims to grow accredited Angel investors in Malaysia through education and training.
Currently, there are 4 Angel clubs in Malaysia and an estimated 150 Angels in Malaysia, with a total investment of close to RM10 million in the last 2 years. Investments have been made in various industries including e-commerce, fashion, communication, services and business-to-business enterprises. In addition to funding, angel investors are mentoring the start-ups, and giving them access to business networks to help them realise their full potential.
“The MBAN is not looking at only multi-millionaires and billionaires as potential angel investors. Anyone with income of RM15,000 a month is the starting point. Research has shown that the risks involved are reasonable when compared to the potential returns,”said Nazrin Hassan, Chief Executive Officer of Cradle Fund Sdn Bhd.