BEAMSTART Logo

MDEC launches program to help raise funds; companies need yearly turnover of RM300k

MDEC has formed partnerships with 11 ECF and P2P operators.


MDEC launches program to help raise funds; companies need yearly turnover of RM300k | BEAMSTART News

- From our Sponsors -

Malaysia Digital Economy Corporation (MDEC) has launched a new program to help companies raise funds, especially those struggling with cash-flow issues due to the global pandemic.

The new program, also known as the Alternative Funding Program, is a partnership between MDEC alongside 11 equity crowdfunding and P2P platforms to provide financing support.

- Featured Sponsor -

The partners include ATA Plus, CrowdPlus.asia, Eurecca, Leet Capital, pitchIN, B2B Finpal, CapBay, Funding Societies, microLEAP, MoneySave, and QuicKash.

Official website for the program.

To be eligible, companies must be incorporated in Malaysia for at least a year and have generated a minimum annual turnover of RM300,000 (~$74k).

This is MDEC’s second year running the same program, led by its Global Growth Acceleration Division (GGA).

Last year, 16 companies participated in the program, raising a total of RM19.89 million ($5 million)

“With the continued disruption to businesses caused by the COVID-19 pandemic in 2020, it is crucial for startups in Malaysia to be able to explore multiple avenues for funding. While initiatives like the Dana Penjana Nasional have done much to address the funding gaps for startups in Malaysia, it is in the best interest of MDEC for them to have more options to ensure sustainable cash flow,” said Surina Shukri, CEO of MDEC.

- From our Sponsors -

Latest Jobs

Influencer Marketing Associate

Niagahoster

Yogyakarta, Indonesia

Full Time

SGD 400 — SGD 1000 monthly

English Content Writer

Hostinger

Jakarta, Indonesia

Full Time

SGD 300 — SGD 600 monthly

Fund Accountant

Decacorn Capital

Singapore

Full Time

SGD 2500 — SGD 5000 monthly

Investment Analyst

Accial Capital

Singapore

Full Time

SGD 4000 — SGD 6000 monthly

Enterprise Solution Project Manager

Hukumonline.com

Jakarta, Indonesia

Full Time

SGD 2000 — SGD 2100 monthly

Operations Executive

Yojee

Singapore

Full Time

SGD 2800 — SGD 3500 monthly

Site Reliability Engineer

Livit

Singapore

Full Time

SGD 2000 — SGD 3500 monthly

Live Streaming Operator

SIRCLO

Tangerang, Indonesia

Full Time

SGD 800 — SGD 1100 monthly

Mobile Developer

Koltiva

Jakarta, Indonesia

Full Time

SGD 1000 — SGD 1100 monthly

Engineering Manager

Pegipegi

Indonesia Bulk Terminal, Indonesia

Full Time

SGD 1500 — SGD 2000 monthly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest news, events, and opportunities.

 

Download the Community App

Connect with the BEAMSTART Entrepreneurship Community from the palm of your hands. Connect with CEOs/Founders, Investors, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2021 BEAMSTART. All Rights Reserved (Legal).