Gov't allocates RM100m to help startups affected by Covid-19

The Finance Ministry has allocated RM100 million to Malaysia Debt Ventures Bhd (MDV) to fund the Technology Start-up Funding Relief Facility (TSFRF) to assist technology startups affected by the Covid-19 pandemic.

The facility managed by MDV, an agency under the Ministry of Science, Technology and Innovation, provides financial assistance to support the companies cash flows and ensure continuity of...