Penjana Kapital Sdn Bhd ("Penjana Kapital") was incorporated on 1 July 2020 as part of the Government of Malaysia’s initiative to accelerate the development of a future innovation economy. Its main role is to stimulate the Malaysia’s economy by futureproofing Malaysia businesses through innovation from start-ups, funded by private capital from strategic international and private domestic investors, matched by the government and in turn creating a vibrant and sustainable venture capital ("VC") industry in Malaysia. Penjana Kapital administers and facilitates the deployment of the Dana Penjana Nasional ("Dana Penjana"), a matching fund-of-funds program where the Government of Malaysia will match, on a 1:1 basis, funds raised by the VC fund managers from foreign and private local investors.