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 | | Mavcap chairman to the board of advisor, Datuk Mustapa Mohamed, said the appointment of the three VCs expedites the Government's effort to identify, spur and nurture more technology-based start-ups in the near future. |
 | | Mustapa added that according to the AVC Journal 2000, the source of venture capital funds raised in 1999 were 45 per cent provided by the Government, whereas corporations constitute 30 per cent and banks 17 per cent. |
 | | Mustapa said the number of venture capital professionals in 1999 was 78 with most of them with less than five years related work experience with 453 in Singapore, 435 in Korea, 421 in Australia, 381 in Taiwan and 178 in Indonesia. |
| www.ispringcapital.com /News12122001.htm (586 words) |
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