In a significant move towards fostering innovation and fueling business growth, HSBC Malaysia has recently launched the ‘HSBC New Economy Fund.’ This impressive RM500 million fund is dedicated to providing vital funding solutions to high-growth, new economy businesses across Malaysia. Yayasan Usahawan Malaysia (YUM) applauds this initiative and recognises the importance of such endeavors in driving economic development and enhancing the business ecosystem.

Empowering New Economy Businesses: The ‘HSBC New Economy Fund’ is a testament to HSBC Malaysia’s commitment to supporting businesses that are at the forefront of innovation. New economy businesses, often characterised by their technological innovation and disruptive approaches, play a pivotal role in Malaysia’s economic landscape. This fund aims to empower these businesses by providing them with access to the financial resources they need to innovate and scale their operations.

Addressing the Funding Gap: One of the key challenges faced by new economy businesses is the funding gap. Traditional financing methods may not always align with the unique needs of these innovative enterprises. HSBC Malaysia’s initiative addresses this issue by offering tailored funding solutions that cater to the specific requirements of such businesses. This will not only help bridge the funding gap but also encourages more entrepreneurs to venture into the new economy space, says Nitesh Malani, Chairman of YUM and SEBA 2023.

Strengthening the Ecosystem: Yayasan Usahawan Malaysia, acknowledges that for Malaysia’s business ecosystem to thrive, it requires robust and adaptable financing mechanisms. HSBC Malaysia’s commitment to smart financing mechanisms is a significant step in the right direction. By actively supporting innovative startups and high-growth businesses, HSBC is contributing to the overall strengthening of the business ecosystem in Malaysia and the broader region.

With the launch of the ‘HSBC New Economy Fund’ by HSBC Malaysia is a commendable initiative that deserves recognition and support. It not only provides a much-needed financial boost to new economy businesses but also contributes to the growth and development of Malaysia’s business ecosystem. YUM encourages other financial institutions to follow suit, ensuring that innovative businesses continue to thrive and drive economic progress in Malaysia. Together, we can create a more vibrant and dynamic entrepreneurial landscape for the future.

For more information about Yayasan Usahawan Malaysia and its upcoming initiatives, please visit our website at https://www.mypreneurship.org/.

About Yayasan Usawan Malaysia (MyPreneurship):

Yayasan Usahawan Malaysia (YUM) is a non-government organisation striving to gather, create and develop sustainable companies with solid entrepreneurship traits. The organisation builds credibility by serving as a platform that supports the development of companies across all businesses. It offers tailored programmers their best interests to ensure they can achieve their goals while sustaining core values.

FOR MEDIA INQUIRIES, PLEASE CONTACT:

Fatiha Roslan
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Email: fatiha@mypreneurship.org