Kuala Lumpur: Seven equity crowdfunding (ECF) and peer-to-peer financing (P2P) platforms have been selected to participate in the RM131.5 million New Industrial Master Plan 2030 (NIMP 2030) Strategic Co-Investment Fund (CoSIF). The Ministry of Investment, Trade and Industry (MITI) announced the inclusion of ECF platforms pitchIN, Mystartr, Leet Capital, and Crowdo, along with P2P platforms Funding Societies Malaysia, CapBay, and B2B Finpal, all registered with the Securities Commission Malaysia (SC).
According to BERNAMA News Agency, the NIMP CoSIF was launched jointly by MITI and the SC on February 25, 2025, as part of the NIMP 2030 initiative. This fund seeks to mobilize resources through a public-private crowdfunding model to support businesses engaged in high-tech activities or high-impact projects within strategic sectors of the NIMP 2030 that require substantial capital.
With an initial allocation of RM131.5 million, the NIMP CoSIF will begin co-investing through these ECF and P2P platforms to foster the growth of domestic small and medium enterprises (SMEs) and mid-tier companies (MTCs) across the 21 target sectors or four emerging growth areas outlined in NIMP 2030. MITI Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz emphasized the importance of supporting SMEs and MTCs in the Malaysian business ecosystem to keep pace with global technological and AI advancements, thereby maintaining competitiveness.
Tengku Zafrul further noted that the initial seven platforms would enable the country to scale up by assisting companies in enhancing economic complexity, rapidly adopting technology, or embarking on their sustainability missions set by NIMP 2030. He highlighted the collaboration with the SC and private sector platforms as a testament to the MADANI Government's comprehensive, nation-based approach to sustainable economic growth, urging SMEs and MTCs to present innovative projects to accelerate the nation's reindustrialization journey.
MITI stated that the seven platforms were selected based on their contributions to the overall fundraised amounts in the ECF and P2P ecosystem and were deemed suitable for the NIMP CoSIF scheme. To qualify for funding, companies must launch a fundraising campaign on one of the participating platforms, which will assess their eligibility for NIMP CoSIF investment based on the fund's criteria, aligned with NIMP 2030 objectives and targets.
NIMP CoSIF will co-invest in a company's fundraising campaign at a predetermined ratio, depending on the sector. Companies can start applying for NIMP CoSIF funding from May 2, 2025, with further details on eligible sectors and co-investment ratios available on the fund's dedicated webpage (https://www.sc.com.my/msme-mtcroadmap/cosif). Enquiries can be directed to [email protected].