SDEC launches Malaysian Business Angel Network Sarawak Chapter

Term of Reference exchange between SDEC, Cradle Fund and MBAN today (Feb 10, 2023).

KUCHING, Feb 10: Sarawak Digital Economy Corporation (SDEC) has launched the Malaysian Business Angel Network (MBAN) Sarawak Chapter, which introduces the concept of angel investment to high-net-worth individuals in Sarawak.

MBAN Sarawak Chapter also serves as a platform for Sarawak’s high-net-worth individuals to invest in tech start-ups and support the growth of the digital economy in the region.

“It will also bring together a community of angel investors who are committed to supporting and developing tech start-ups in Sarawak Digital Ecosystem and connecting them to the wider MBAN national network,” said SDEC.


The debut of the MBAN Sarawak Chapter coincides with the Digital Village Accelerator.
(DiVA) the initiative, targeting local startups to accelerate their growth and maturity with an emphasis on increased revenue generation, market expansion, and investment potential.

Meanwhile, SDEC chief executive officer Sudarnoto Osman said the launch of MBAN Sarawak Chapter marks a significant event for the high-net-worth individuals in Sarawak with the introduction of the angel investment concept.

“Vast potential will benefit the local community and ultimately in favour of the ecosystem.

“Particularly targeting tech start-ups sector in Sarawak, MBAN Sarawak Chapter will
become the vehicle to provide necessary services such as consultancy, advisory,
deal flow, and more for its members, and in return, they enjoy the benefits and perks
of becoming an angel investor,” he said in a statement today.

He added that forming this association is an essential step in motivating private sector participation in developing the digital economy.

The launching event today also witnessed the exchange of Term of Reference between SDEC, Cradle Fund and MBAN.

SDEC was represented by Sudarnoto while representing Cradle Fund was the acting chief officer Norman Matthieu Vanhaecke and from MBAN was its president Alan Lim. — DayakDaily