KUALA LUMPUR, May 27 -- JAFCO Co Ltd (JAFCO) and Bloom&Co Inc (Bloom&Co) have teamed up to provide support to startups by leveraging the strengths of both companies.
Despite the global macroeconomic challenges presented by the COVID-19 pandemic, opportunities for startups and the venture capital industry remain strong. In the past, startups that have emerged during periods of economic downturn have grown to spawn new industries. According to a statement, JAFCO believes it is important to be ‘closest to entrepreneurs and provide them with the support they need to realise their aspirations’ and has been rapidly responding to provide resources and advice to existing investments. By launching new initiatives, JAFCO will further strengthen its support for early-stage companies, even in a challenging business environment. As a pioneer of Japanese venture capital, JAFCO has supported the growth of its portfolio businesses by executing business development initiatives, including customer development, recruitment support and preparation for IPO listings. In March, JAFCO and Bloom&Co began discussion of the opportunity to support startups and have been working on a marketing strategy and planning framework for portfolio companies as a pilot test. The two companies will start supporting JAFCO’s portfolio companies which are creating new industries and open up opportunities via the development and refinement of marketing strategies to drive their further business growth. -- BERNAMA
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