The new fund is part of a recent raft of measures to attract foreign investment in the country's venture capital sector.

The Malaysian conglomerate's CVC plans to raise external capital in the future, potentially giving foreign investors access to the Southeast Asian tech ecosystem.

Public healthcare provider National Healthcare Group partnered with NTU Singapore and A*Star to launch Co11ab Novena, the first biomedtech incubator in Singapore

The corporates both committed further nine-figure sums to back startups in the rapidly growing Indian venture market.

Backed by one of the largest Philippine conglomerates, Ayala, Globe Telecom’s CVC unit is a leading force in the country’s emerging ecosystem.

Bangkok-based Vorawan Wangpanitkul moves up at SCBX’s corporate venturing unit after a three-year stint as principal.

The Indian digital entertainment startup-focused Mixi Global Investments fund will fall under the newly formed investment business department.

Korea now is home to one the most dense AI scaleup ecosystems in the world — even more than Silicon Valley.

The air carrier has set aside about $850,000 for the fund, which will invest in aviation, travel, lifestyle, hospitality and transport startups.

LG Technology Ventures’ second fund has secured $192m from LG subsidiaries, while LG Electronics has launched Nova Prime Fund with a $100m target.