The government-led initiative encourages Malaysia’s largest businesses to join local companies like Petronas and Sunway in early-stage investing.
Tag: Regulation
CVC investments face increased antitrust scrutiny
US regulators are making a point of going after corporations that invest in companies where there is a perceived competitive overlap.
New UK laws draw innovators into hunt for foreign agents
Researchers or investors could face jail terms if they work with someone they “ought to know” is under the direction of a foreign power.
Thailand approves CVC tax break
The startup must engage in one of the 14 target industries.
ByteDance bids goodbye to investment team
The digital media group has restructured its corporate venturing activities on the same day as China revealed proposals which would place investments under greater scrutiny.
Korean chaebols start local CVCs
South Korea-based electronics conglomerate LG is among local corporations considering starting a local corporate venture capital unit based on a regulatory change passed in the country at the end of 2021. The regulatory changes enacted from 30 December are understood to only affect groups with a holding company structure, such as LG, for Korea-based CVC… Continue reading Korean chaebols start local CVCs
UK prepares for National Security Investment Act
Minority corporate venturing investments in the UK could be caught by forthcoming regulation if they bring ‘control’ in sensitive sectors.
HeadSpin founder charged with fraud in California
Regulatory agencies DOJ and SEC have charged Manish Lachwani for allegedly inflating the Alphabet, Dell and Telstra-backed app testing software developer’s revenue.
Zunum Aero sues ex-investor Boeing
Boeing and corporate venturing unit HorizonX are being sued by bankrupt former portfolio company Zunum over claims of technology theft and fraud.
Indonesian CVCs to enter government scheme
MDI Ventures, BRI Ventures and Mandiri Capital Indonesia will be tasked with investing in technologies that can modernise state-owned enterprises.
UK pledges $1.25bn in innovation support
The UK will provide approximately $312m in convertible debt for coronavirus-affected companies to match private investment, and has earmarked the rest for its Innovate UK agency.
Tech startups eligible for $350bn US lending scheme
Startups with fewer than 500 employees will be able to apply for loans of up to $10m from the US government’s $350bn Paycheck Protection Program.
US prepares VC rule changes
Proposed regulatory changes could make it easier for investment banks to make limited partner contributions to venture capital funds.
Japanese corporate venturing to get government boost
The Japanese government will introduce tax breaks for firms or corporate venturing vehicles backing tech companies to support domestic open innovation practices.