Intrinsic Venture and Invest NCT Programme Fuel Next-Gen Industries at NSIP

Malaysia’s Invest NCT Programme, led by the NCT Group of Companies, has joined forces with Canadian venture capital firm Intrinsic Venture Capital to promote industrial innovation and boost economic development. This partnership will utilise Intrinsic Venture’s RM615 million (CAD 200 million) fund to back cutting-edge technologies and high-potential startups.

The partnership is expected to help Malaysia become a hub for smart industries and global market integration, combining local development efforts with international investment expertise. Through this alliance, both parties intend to accelerate innovation and strengthen the startup ecosystem in the region.

To advance the initiative, a Memorandum of Understanding (MoU) was signed between Intrinsic EO, a cross-border consultancy supported by EqualOcean (China) and Intrinsic Group (Canada), as well as Southeast Asian industry leaders and NCT Group. The agreement lays the foundation for integrating international finance strategies, digital infrastructure, and global market access into NSIP.

Intrinsic EO, known for its integrated approach to investment and industrial growth, brings international knowledge in venture funding, digital transformation, and resource localization. The firm is also among the first recipients of the KL20 Golden Pass, Malaysia’s initiative to establish Kuala Lumpur as a top global startup ecosystem by 2030.

The Invest NCT Programme plays a key role as a strategic facilitator, offering flexible industrial property options, such as built-to-suit and lease-to-buy schemes. Backed by a diverse capital consortium—including venture capital, private equity, banks, and talent networks—the program integrates next-gen financing models to make industrial development more scalable and investment-ready.

NCT Group’s Founder and Group Managing Director, Dato’ Sri Yap Ngan Choy, noted that the collaboration with Intrinsic EO boosts NSIP’s appeal as a high-value industrial destination. “With global expertise and digital tools, we are driving forward a sustainable and innovation-led industrial future,” he said.

Andrew Sanden , Intrinsic’s Chairman, highlighted that the collaboration brings the firm’s global expertise in market entry, cross-border funding, and digital innovation to a strategically positioned location in Southeast Asia. He added that the partnership aims to create a smart, connected industrial ecosystem that helps businesses grow regionally while strengthening Malaysia’s role as a hub for sustainable innovation.

Situated within the Integrated Development Region in South Selangor (IDRISS), NSIP stands as Malaysia’s first Managed Industrial Park, offering a future-ready model for industrialization in ASEAN. Supported by the Invest NCT Programme’s flexible property options and capital consortium, NSIP combines advanced technologies, sustainable frameworks, and global investment to drive the next wave of industrial growth.