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.