{
  "id": 13092807,
  "title": "RM450mil opportunity for startups from Khazanah, KWAP - Anwar",
  "url": "https://urgent.news/2026/10/09/rm450mil-opportunity-for-startups-from-khazanah-kwap-anwar",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-09T10:40:21.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/news/nation/2026/10/1551734/rm450mil-opportunity-startups-khazanah-kwap-anwar"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim announced a RM450 million investment opportunity for startups through Khazanah's Jelawang Capital and KWAP Pioneer Fund. The New Industrial Master Plan Fund, KWAP's Dana Pemuda, and Khazanah's Malaysia Mid-Tier Companies Fund will contribute a total of RM2.1 billion. This funding will bolster mid-tier companies in the electrical and electronics, digital, aerospace, and medical devices sectors.\n\nAdditionally, RM270 million will be allocated to support SMEs, mid-tier companies, and social enterprises through private capital via equity crowdfunding and peer-to-peer platforms. Income tax exemptions for individual investors on equity crowdfunding platforms and angel investors funding early-stage technology startups will be extended until December 31, 2030.\n\nAnwar, also serving as Finance Minister, allocated RM41 million to Cradle Fund for implementing the Start-up Ecosystem Roadmap and granting prototype development and commercialization assistance. The fifth Madani Budget, themed \"Malaysia Madani: Menggapai di Langit, Mengakar di Bumi,\" is the second budget under the 13th Malaysia Plan.",
  "summary": "KUALA LUMPUR: Khazanah’s Jelawang Capital and the Retirement Fund (Incorporated) (KWAP) Pioneer Fund will invest RM450 million in start-up developments.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}