Khazanah Nasional is scaling support for Malaysian mid-tier companies (MTCs) through Dana Impak, adopting a dual-track strategy focused on capacity building and growth capital via private credit and equity.
The initiative targets over 100 companies, aiming to strengthen capabilities, improve access to funding, and drive innovation-led growth.
The Elevate programme, introduced under the Securities Commission Malaysia’s five-year roadmap Catalysing MSME and MTC Access to the Capital Market (2024–2028), prepares MTCs to raise capital.
Formalised through a memorandum of understanding signed in October 2024, the programme is co-funded by Khazanah and Capital Markets Malaysia until 2027.
The MTC Growth Innovation Programme (MGIP) offers tailored support through masterclasses, diagnostics, and coaching to help companies refine business models and expand into new markets.
Khazanah is also deploying capital through partnerships with Navis Capital Partners and Granite Asia to offer non-dilutive private credit, and with Creador to provide private equity support for MTCs looking to scale and grow regionally.
Applications for the next MGIP cohort open in Q3 2025. Eligible firms must be Malaysian-owned, privately held, profitable, and have annual revenues between RM20 million and RM500 million (manufacturing) or RM50 million and RM500 million (services).
MTCs contribute 36% of Malaysia’s GDP and employ 16% of the national workforce but often face challenges in securing growth-stage capital and scaling operations.
These efforts form part of Khazanah’s RM1 billion commitment under the Ministry of Finance’s GEAR-uP initiative, announced in Belanjawan 2025, and align with the Ekonomi MADANI agenda to enhance national competitiveness.
Dato’ Amirul Feisal Wan Zahir, Managing Director of Khazanah said,
“Through Dana Impak, we act as both catalyst and connector – identifying gaps in the ecosystem, deploying patient capital where markets underserve, investing in talent and helping to crowd in private investors, requiring a whole-of-nation approach to foster innovation and fuel long-term growth.
Our focus on levelling up Malaysian MTCs represent our Advancing Malaysia strategy to enhance Malaysia’s economic competitiveness and resilience. We are pleased to welcome our partners on this journey to unlock the full potential of Malaysian MTCs.”
Dato’ Mohammad Faiz Azmi, Executive Chairman of the Securities Commission Malaysia said,
“MTCs in Malaysia act as a crucial growth engine by enhancing industrial output, creating jobs, fostering innovating and contributing a significant 36% to national Gross Domestic Product (GDP).
Through our 5 Year MSME & MTC Roadmap (2024–2028) the Securities Commission Malaysia (SC) plays a central role in supporting MTCs in Malaysia by enhancing their access to funding, market-readiness, and strategic growth opportunities via the capital markets.”
Featured image: Edited by Fintech News Malaysia, based on image by EyeEm via Freepik
