This event is EXCLUSIVELY for Board Members & CEOs ONLY
ICDM Advocacy Dialogue & Networking Session (in collaboration with Capital Markets Malaysia)
Corporate Venture Capital: Driving the Future of Innovation & Financial Returns
19 September 2024 | 10:00 am – 12:00 pm | Penta, ICDM
Corporate Venture Capital (CVC) can drive innovation within corporations in numerous ways. It allows access to new technologies, fosters a culture of innovation, and accelerates digital transformation. Determining the right time for corporates to pursue venture building and integrating that innovation into the core business – is a million-dollar question.
Recognising the importance of the board’s role in encouraging the CVC ecosystem, ICDM and Capital Markets Malaysia (CMM) are jointly organising a half-day programme to provide board directors with insights into the startup landscape, evaluate the viability and returns of venture capital investments, and equip them with the knowledge and tools to effectively play their boards’ oversight role over CVC funds.
This session aims to:
- Highlight the strategic, financial, and innovation benefits of CVC. What is corporate venture building, and how does it fit into your corporate innovation strategy?
- Educate stakeholders on the fundamentals of CVC funds, including compensation and distribution models. When is the right time for corporates to look at venture building? Risk-Reward Ratio – is venture capital a viable investment model, and what kind of returns can you expect?
- Guide corporate directors on structuring successful CVC funds, the dos & don’ts, and questions to ask.
Register now and send us your burning questions or issues you would like to bring up during the dialogue session to advocacy@icdm.com.my. This dialogue session will be held under the Chatham House Rule.
Programme Agenda
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Thursday | 19 September 2024 |
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| 9:30 am | Registration & networking over light refreshments |
| 10:00 am | Context Setting | Why Boards Should Explore CVC & What to Expect
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| 10:10 am | Presentation | Building Successful CVC Funds: Strategies, Structures and Returns
Dr. Sivapalan Vivekarajah, Senior Partner & Co-Founder of ScaleUp Malaysia Accelerator, Mentor & Angel Investor |
| 10:55 am | Panel Dialogue | Getting the Board on Board: Strategic Drivers and Fundamentals of CVC
Moderator: Dr. Sivapalan Vivekarajah Panellists:
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| 12:00 pm | Session ends & networking over light refreshments |
Speaker’s Profile
Jackie Mah
Executive Vice President
ICDM
Jackie plays a crucial role in advancing the strategic and operational initiatives at ICDM. With a diverse background in financial management, strategic planning, information technology, human resources, business development, marketing and communication, she has successfully led major global projects at the World Islamic Economic Forum (WIEF) Foundation.
In her current role, Jackie is dedicated to enhancing operational efficiency and driving sustainable business growth locally and regionally. She achieves this through strategic partnerships, robust digital and communication strategies and brand differentiation within ICDM’s training and advisory framework. Her recent interest in the field of sustainability has led her to complete the ESG Competent Boards Programme. Now she is responsible for developing sustainability programs and integrating ESG principles across ICDM’s services for boards and C-suites.
Jackie is also a member of the Association of Chartered Certified Accountants (ACCA).
Navina Balasingam
General Manager
Capital Markets Malaysia (CMM)
Navina is currently General Manager of Capital Markets Malaysia (CMM), an affiliate of the Securities Commission Malaysia mandated with promoting Malaysia’s capital market both domestically and internationally.
Navina joined CMM in 2017, with expertise in international stakeholder management and communications. In her current role, Navina focuses on stakeholder engagement with capital market regulators and intermediaries, both domestic and foreign, to support the development and profiling of Malaysia’s capital market.
She also oversees content development for CMM’s programmes and engagements, which prioritise sustainable finance and investment, the private markets, digital markets as well as the Islamic capital market. Navina leads the secretariat of the three CMM-led centres of excellence – the Malaysian Sustainable Finance Initiative, the Centre for Sustainable Corporations and the Sustainable Investment Platform and is a member of the Steering Committee of the UNDP Financial Centres for Sustainability.
Dr. Sivapalan Vivekarajah
Senior Partner & Co-Founder
ScaleUp Malaysia Accelerator
Mentor & Angel Investor
Dr. Siva has extensive experience in entrepreneurship and making investments, having coached more than 2,000 entrepreneurs and investors over a more than 20-year career in the startup ecosystem. Companies he has worked with, or invested in, have raised almost USD200 million in funding from angel and venture capital investors.
He was the founding President of the Malaysian Business Angel Network, and has invested personally in 16 startups, and through Malaysia’s most successful late-stage accelerator, ScaleUp Malaysia, he has already made 30 investments and plans to have 50 investments by 2023.
He was appointed Chairman of a Ministerial Task Force to restructure the funding ecosystem in Malaysia, and his recommendations have had a significant impact on the angel investment and venture capital industry in Malaysia. Dr.Siva has a Ph.D in Venture Capital from the University of Edinburgh in Scotland, and is a sought after speaker, panellist, and writer.
Vivek Sood
Non-Independent Non-Executive Director (NINED) of CelcomDigi Bhd
Group CEO & Managing Director of Axiata Group Berhad
Vivek has 33 years of extensive experience across Telecommunications, Finance and FMCG industries, during which he has successfully led multi disciplinary and multi-cultural teams.
Vivek is the Group Chief Executive Officer and Managing Director of Axiata Group Berhad prior to that served as the Group Chief Financial Officer. Axiata Group is a prominent Regional Telecommunications company with presence in 9 countries across South and Southeast Asia serving 160 million customers.
He also serves as Chairman of Robi Axiata, Axiata Digital & Analytics Sdn Bhd and Boost Holdings Sdn Bhd, Board Member of CelcomDigi Berhad and as a Commissioner on the Boards of PT XL Axiata Tbk and PT Link Net Tbk.
Vivek joined Axiata after spending over 6 years with Telenor Group, holding several key leadership roles as Executive Vice President and Group Chief Marketing Officer, CEO Telenor India, CEO of Grameenphone Bangladesh, and EVP–Finance of Telenor India.
Vivek held key positions as Chief Operating Officer and CFO of Tata AIA Life Insurance India. Prior to that, he served Hutchison Essar South Limited as VP of Finance–South Circles, and Tupperware as Director of Finance–India Operations. Vivek began his career at Hindustan level Limited, Unilever subsidiary in India where his last position was Regional Commercial Manager.
Vivek holds a Bachelor of Commerce from University of Delhi and is a qualified Chartered Accountant of India. He got his Accountancy and Audit Training with PricewaterhouseCoopers (PwC).
Matt van Leeuwen
Chief Innovation Officer
Sunway Group
Matt is the Chief Innovation Officer of Sunway Group, one of Southeast Asia’s leading conglomerates with 13 business divisions across more than 50 locations. He’s also the Founding Director and CEO of Sunway iLabs, an award-winning innovation lab that focuses on 4 key areas: corporate venture capital, startup accelerator, venture builder, and entrepreneurship education.
Since 2018, the iLabs ventures portfolio has grown to about 80 startups through direct investments and a fund-of-funds approach. Matt is also leading the venture builder activities, with spin-outs like the 42 Malaysia coding school to develop digital talents, and Sunway XFarms, an agritech company that addresses food security and safety in the region.
Previously he was the Head of Commercialisation Services in PlaTCOM Ventures where he made 11 investments in startups, and facilitated 25 license deals between research universities and industry. In addition, he co-founded three startups in the UK, Singapore, and Malaysia, that focused on biotech, medtech and STEM education. Before he started out as an entrepreneur, Matt was a consultant at the Cambridge-MIT Institute and Library House in Cambridge (UK) and an Analyst at Imperial Innovations in London, which was one of Europe’s leading integrated Tech Transfer and Venture Capital firms before it was acquired by IP Group.
Matt grew up in the Netherlands and was trained at the University of Utrecht, where he gained a BSc in Biomedical Sciences and a MSc in Science & Business. Later he moved to the UK to join the Medical Research Council Epidemiology Unit at the University of Cambridge as a Research Scientist and served in the leadership team of the Cambridge University Entrepreneurs student society.
Matt was recognised as one of the personalities of the year by PC.com and Business Today for the positive impact on the community through the various innovation projects that he led.
Effon Khoo
Founder
Kakitangan.com
Effon Khoo founded the online HR/payroll software Kakitangan.com in 2015. Today, the platform actively serves around 10,000 companies and 150,000 employees in Malaysia, facilitating leave applications, claim submissions, time attendance tracking, and payroll processing. Each month, Kakitangan.com processes approximately RM 250 million in payroll, with this figure growing steadily.
In 2016, Kakitangan.com successfully raised a round of equity crowdfunding, famously known as the “RM1 million raise in a day” campaign, attracting 63 investors. This campaign was recognized as Malaysia’s first truly successful equity crowdfunding (ECF) initiative involving more than 10 investors. Digital News Asia highlighted this achievement with the headline, “Kakitangan helps ECF get its breakout moment in Malaysia,” noting how this campaign helped shape the ECF industry in the following years.
Following this success, Kakitangan.com secured additional funding through corporate fundraising from BFM Capital in 2018 and venture capital fundraising from OSKVI in 2021. The journey of Kakitangan.com became a case study on how different types of investors work with startups, each bringing distinct expectations and characteristics.
Before founding Kakitangan.com, Effon Khoo served as a General Manager at NASDAQ-listed CCIH, where he managed a business unit with around 100 employees. He successfully turned the unit from losses to profitability within a year, achieving significant growth. Prior to that, he spent five years in Microsoft Office R&D, working on products such as Office 2010, Office 2013, Office 365, Microsoft OneNote, and Microsoft Lync (now known as Skype for Business) on Android.
Effon also worked as a Technical Consultant at Kofax (now Tungsten Automation, a world-leading data capturing company), collaborating with clients across several countries and eventually establishing a regional office in Shanghai. Earlier in his career, in 2004, Effon founded MyRFID, where he designed RFID solutions for banks.
Effon Khoo began his career as an Executive in Corporate Finance at AmInvestment Bank Berhad, managing IPO projects for technology companies. He holds a Bachelor of Computing and a Master of Information Technology, both from Monash University.
This event is organised in collaboration with Capital Markets Malaysia (CMM).
