Announcement

 

 

SUPPORT TO SMES DURING COVID-19

In an effort to support Malaysian startups and mitigate the impact of COVID-19 on business owners, the Securities Commission Malaysia (SC) is offering SMEs additional support for their fundraising needs:

BOOST TO MYCIF CO-INVESTMENT

  • MyCIF’s co-investment ratio of 1:4 will be changed to 1:2 for ECF financing (i.e. for every RM2 raised from private investors, MyCIF will co-invest RM1).

  • In line with the temporary increase in ratio, the limit for MyCIF’s co-investment in individual ECF campaigns will be changed from the current RM500,000 to RM1 million per campaign.

  • The above changes are effective from 3rd April to 30th September 2020. This is now extended for another 3 months from 1st October to 31st December 2020.