Digital Penang, in collaboration with the Malaysian Business Angel Network (MBAN), announced last Thursday the launch of the Angel Investment Accelerator Program, an initiative designed to nurture a new generation of angel investors while bridging the critical funding gap for early-stage startups in Penang.

Digital Penang said in a statement that the launch marks the beginning of a three-month accelerator that will deliver structured training, mentoring, and deal-flow opportunities for aspiring and existing investors.

By cultivating a skilled pool of local angel investors, the program aims to fuel innovation, attract entrepreneurial talent, and strengthen Malaysia, specifically Penang as a premier hub for 0-1 startup growth and investment.

It is noted that a recent ongoing MBAN members investor survey of 59 respondents reveals the significant impact of angel investors in the ecosystem.

To date, these investors have deployed a total of close to MYR 100 million ($23.69 million) across 402 startup investments.

The Angel Investment Accelerator Program is designed to build on this strong foundation and will serve as a powerful catalyst to dramatically increase both the number of active investors and the total capital deployed, ensuring a robust pipeline of funding for promising startups.

“By building on our partnership with MBAN and nurturing more angel investors, we can unlock funding for early-stage ventures to drive the growth of Penang’s digital economy in the future, and Malaysia’s economy in general,” said Ng Kwang Ming, Chief Executive Officer of Digital Penang.

Echoing this, the President of MBAN, Peter Wee, stated this collaboration with Digital Penang is a significant step forward for the Malaysian startup ecosystem.

“The Angel Investment Accelerator is not just about training; it is about connecting capital with innovation,

“We are providing a structured pathway for investors to learn, find, and fund high-potential startups, directly addressing the funding gap for early-stage growth,” he added.

According to the statement, this collaboration underscores a collective ambition to deliver tangible outcomes – directly benefiting startups, businesses, investors, and the future workforce in Penang.

It represents a significant step in building a stronger and more sustainable investment ecosystem for the state.

The program is open to aspiring and active angel investors, including high-net-worth individuals, entrepreneurs, professionals, and executives keen to diversify their portfolios while supporting innovation.

Participants will benefit from structured learning, peer-to-peer networking, and direct engagement with Penang’s growing startup community.

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