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:TechCentral: RM140m Mavcap Boost for Open Source
TechCentral: RM140m Mavcap Boost for Open Source
Oct 29, 2003, 02 :30 UTC (1 Talkback[s]) (5209 reads)

(Other stories by Steven Patrick)

[ Thanks to Low, Kuan Loong for this link. ]

"Malaysian Venture Capital Management Bhd (Mavcap) would be allocating RM70mil to RM140mil [US$18.4-US$36.9 million] over the next two years to an Open Source Software (OSS) initiative, according to its senior vice-president Nagib Abdullah.

"The objective of its 'OSS-Platform Investment Programme' (OSS-PIP) is to attract professionals to venture out on their own and form a cluster of independent companies offering a comprehensive spectrum of software capabilities to the market.

"Nagib said OSS-PIP would invest in 40 local companies within the next two years. 'It's open to anyone who has got the technical skill. We don't want marketers or MBA holders,' he said..."

Complete Story

Related Stories:
NewsForge: Open Asia: Open Source in Laos and Malaysia(Sep 30, 2003)
TechCentral: Sun Extends Open Source Push to South Asia(Sep 26, 2003)
Computerworld Malaysia: Path to Open-Source Software(Sep 08, 2003)


Index Mode   |   Flat Mode   |   Thread Mode   |   Thread Flat  
  Talkback(s) Name  and Date
Well done to Dinesh, Dr Nah and others i ...   Well done to the Malaysia OSS Crew   
Imran William Smith
Oct 29, 2003, 03:54:26
 
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