MAVCAP was incorporated by the Government of Malaysia with an initial funding of RM500 million, with the objective of investment in, nurturing and growing the technology sector and the investing and growing of a venture capital market in Malaysia. It is a Government-initiated and private-sector managed move to spearhead Malaysia's charge towards a complete knowledge-based economy before 2020.

MAVCAP is a venture capital company committed purely to the technology sectors and invests in a mix of local and overseas businesses to bring together a successful blend of technologies and entrepreneurial skills. Its vision is to be a top-tier Asia-focused venture capitalist and a premier source of innovative funding. Its mission is to empower technology entrepreneurs in the creation of new wealth and to generate excellent financial returns for its shareholders.

The executive team at MAVCAP is a blend of experienced venture capitalists and successful entrepreneurs combining varied and complementary skills in finance, operational, investment, technology and business building. It is aided and supplemented by industry luminaries who sit on its Board of Directors, Advisory Board and Specialist Panels. In addition, MAVCAP has assembled a group of strategic alliances that will be of service to its partner companies.

"Venki"

Venki is the classic blend of an Accountant's eye for detail and an entrepreneur's flair for getting stuff done... efficient, yet effective. He started his career at that temple of efficiency and effectiveness, Price Waterhouse. Soaked it in there for fifteen whole years and then accepted a 'Controller / CFO' position at a large, listed tin-smelting company in Malaysia. He did this for 6 years, when he decided the Industry itself was in a 'sun-set' phase. He moved on to set up a Chartered Accountant firm, along with some associates. This kept him engaged four years, when he accepted an exciting, position as "Group General Manager" of a prominent group with interests in Trading and construction.

At 50, he was ready to chart a new career... he reverted to his 'core competency' and set up his own accounting firm Sankar & Co. He now helps over 150 corporate and 50 personal customers with their accounts and taxation. Venki is also actively associated with several professional and community organizations in a voluntary capacity: Secretary General of Indian Camber of Commerce and Industry, Kuala Lumpur and Council Member of the Malaysian Institute of Taxation amongst several others.

When SigMax-e approached him to handle its accounting, he saw in it the 'sun rise' industry he had been looking for...

If you were SigMax-e and knew Venki, you would do exactly what we did... opt him in as a promoter, before he changed his mind.