iSpring Venture Management is the fund manager for Mavcap Technology Sdn Bhd, which was incorporated by MAVCAP as a venture capital investment holding company. Mavcap Technology has a charter life expiring at the end of 2010. MAVCAP is the sole investor and has committed to invest up to RM25 million.
Our objective is to achieve medium to long term capital gain through investing in promising technology companies at various stages with growth potential primarily in Malaysia but also elsewhere. We define technology broadly as companies involved in Electronics, ICT, Internet, Semiconductor, Telecom and Networking and Medical and Health. In particular, our area of focus is in Wireless and eCommerce.
Our investment size will range from RM500,000 to RM3.7 million though we have the ability to invest larger amounts together with other investors.