Malaysia’s VentureTECH Increases Investment in Tissue Engineering Medical Products Company

February 2020

VentureTECH, a Malaysia-based investment company that is a subsidiary of the Malaysian Industry-Government Group for High Technology (MIGHT) has announced plans to expand its investments in Cell Tissue Technology Sdn Bhd (CTT). This move is primarily targeted to help boost the tissue engineering company scale up in meeting rising demand for tissue engineering Medical products (TEMPs).

The investment will be channeled to develop Medical Infrastructure and acquisition of operating assets such as machinery to expand the production of CTT’s cell-based products. CTT has provided Medical solutions based on its proprietary tissue engineering technology to treat problems such as chronic ulcers, major skin loss, and severe burns.

At present, VentureTECH has investments in 15 companies across three industries – bio-based industry, emerging industry and green industry, and with investee collective net worth of MYR 1.1 billion (USD 264 million). It is seeking to invest in five more companies in 2020.

(Sources: VentureTECH; Malaysian Reserve)

Our Services

Orissa International provides consulting services to companies that want to develop a market entry strategy for Southeast Asia or implement their business expansion into the region. We have very strong domain knowledge of markets and industry sectors, and a business network of over 16,000 distributors, resellers, and system integrators, built through advising and guiding more than 5,000 companies with their market expansion into Singapore, Malaysia, Indonesia, Thailand, Vietnam and the Philippines over the last 25 years.