Budget 2024 and Startups: MYStartup Upgraded, Investor Tax Incentives, Capital Gains Tax Concerns, and High Growth Funding

Dr Sivapalan Vivekarajah, Senior Partner & Co-Founder, ScaleUp Malaysia Accelerator

19-Oct-23 12:00

Budget 2024 and Startups: MYStartup Upgraded, Investor Tax Incentives, Capital Gains Tax Concerns, and High Growth Funding

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On this episode of Enterprise Biz Bytes, you will learn whether Budget 2024 hits the mark for the startup ecosystem and potential areas of concern with Dr. Sivapalan Vivekarajah, Senior Partner & Co-Founder at ScaleUp Malaysia Accelerator.

Among other things, we explore: Concerns and clarity needed from the proposed 10% Capital Gains Tax for the startup ecosystem; Tax incentives for individual investors and angel investors to invest in local startups; The placement of Malaysia Venture Capital Management (MAVCAP) and Penjana Kapital under the Khazanah Nasional; The RM 28 million allocated to upgrade MOSTI-run MYStartup so that it can become a one-stop gateway that facilitates business activities of startups; The RM.1.5 billion that GLCs and GLICs are to allocate to support startups involved in High Growth, High-Value (HGHV) sectors.

Produced by: Kishan Sivaswamy

Presented by: Roshan Kanesan

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Categories: economy, Corporates, government, entrepreneurs

Tags: budget 2024, startup ecosystem, capital gains tax, startups,

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