SUPPORT TO SMES DURING COVID-19
In an effort to support Malaysian startups and mitigate the impact of COVID-19 on business owners, Ata Plus, together with the Securities Commission Malaysia (SC), is offering SMEs additional support for their fundraising needs:
RM1,888 SHINE MY LIST OFFER
All complete* applications submitted during the Malaysia Movement Control Order (MCO) period will receive RM1,888 off our ‘Shine My List’ Application Processing Fee, from the current RM4,888 to RM3,000.
Effective from 1st April 2020 until 9th June 2020.
* T&C applies: Subject to full compliance, completion and submission of documentation.
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.