The recent announcement by the Malaysian pension fund Kumpulan Wang Persaraan Diperbadankan (KWAP) that they will invest 500 million ringgit ($107 million) in early-stage regional startups has turned heads for not only the timing but the promise that a significant amount of the capital will back domestic Malaysian startups—a promise that founders in the country have heard before.
So, how, will this time be different?
