In a significant move to bolster small and medium-sized enterprises (SMEs), the Venture Capital Trust Fund (VCTF) has formalised a strategic partnership with the Secretariat overseeing the government’s flagship 24-Hour Economy policy.
An official agreement was sealed between the two entities on Wednesday, aimed at unlocking critical funding streams for businesses operating outside the traditional 9-to-5 window. The collaboration is designed to provide SMEs with the necessary capital to scale operations, extend service hours, and contribute to job creation, aligning with the broader national agenda to stimulate economic activity around the clock.
By leveraging the VCTF’s financial expertise and the Secretariat’s policy framework, the deal seeks to de-risk investments in ventures that thrive during nighttime and off-peak hours, including logistics, entertainment, e-commerce, and manufacturing.
The initiative marks a key step in translating the 24-Hour Economy concept into tangible financial support for businesses on the ground.
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