Intrinsic Venture Capital (Intrinsic Venture) and Malaysia’s Invest NCT Programme under NCT Group of Companies’ (NCT Group) partnership aims to leverage on the Canadian venture capital firm’s RM615 million (CAD 200 million) fund to catalyse innovation, smart industry growth and global market integration from Malaysia.
The initiative is slated to empower high-growth start-ups and advanced industries at the NCT Smart Industrial Park (NSIP), under the theme “New Money for New Industries.” The fund targets strategic sectors including semiconductors, medical technology, electronics, green technology and digital infrastructure, positioning NSIP as Southeast Asia’s leading hub for smart industrial transformation.
The initiative is further reinforced through the signing of a Memorandum of Understanding (MoU) today between NCT Group and Intrinsic EO, a global cross-border financial consultancy. The MoU marks a pivotal step toward integrating global finance, digital infrastructure, and market entry strategies within NSIP supporting the development of a next-generation, digitally connected industrial ecosystem aligned with Malaysia’s National Industrial Master Plan 2030 (NIMP 2030) and Industry ESG 4.0 standards.
Intrinsic EO, a pioneering consultancy specialising in cross-border investment and global growth enablement, brings deep international expertise to the collaboration. Backed by Canada’s Intrinsic Group, China’s EqualOcean, and Southeast Asian industry veterans, the firm offers integrated solutions in venture funding, digitalization, industrial transformation, and resource localization. It is also one of the first global firms to be awarded the prestigious KL20 Golden Pass, Malaysia’s flagship initiative to elevate Kuala Lumpur into one of the world’s top 20 start-up ecosystems by 2030.
As a strategic facilitator, the Invest NCT Programme offers flexible industrial property models, including Built-to-Suit (BTS) and lease-to-buy schemes, supported by a capital consortium comprising venture capital (VC), private equity (PE), bank co-investments, and talent bank resources. It embodies a future-forward investment strategy that integrates “New Finance, New Money” principles to create a fully bankable industrialization model.
“This strategic partnership with Intrinsic EO opens exciting possibilities for NSIP and Malaysia’s industrial landscape,” said Dato’ Sri Yap Ngan Choy, Founder and Group Managing Director of NCT Group. “By tapping into global expertise and digital capabilities, we are not only strengthening NSIP’s value proposition as an investment-attractive industrial hub, but also reinforcing our commitment to sustainable and innovation-led development.”
Dr. Neil Foo, Chief Strategist of NCT Group, added “Invest NCT is proud to launch the Venture Capital (VC) Consortium in conjunction with the ASEAN Summit 2025 in Kuala Lumpur. Guided by the principle of ‘New Money, New Finance,’ this initiative represents a strategic shift toward innovative capital structures—integrating global venture funding, private equity, and co-investment models. Through this platform, the NCT Smart Industrial Park (NSIP) is not merely an industrial zone, but a scalable and bankable model for the future of industrial development across ASEAN and beyond.
Mr. Andrew Sanden, Chairman of Intrinsic EO, commented: “This partnership allows us to bring our international experience in market expansion, cross-border investment, and digital transformation to a strategic location in Southeast Asia. Together with NCT Group, we aim to build a smart, connected industrial environment that supports companies entering and scaling within the region — while contributing to Malaysia’s role as a regional hub for innovation and sustainable industry.”
Located in the heart of the Integrated Development Region in South Selangor (IDRISS), NSIP is Malaysia’s first Managed Industrial Park (MIP), setting a new benchmark for smart, bankable industrial development in ASEAN. With its focus on advanced technologies and sustainable practices, NSIP is emerging as a catalyst for next-generation industrial growth.
