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.