When compared to the 2020’s edition, this year’s program also see the increase of participating crowdfunding operators from 7 to 11. Last year, the program helped raise a total of RM19.89 million for 16 companies.
For the 2021 edition, a total of five ECF companies have joined the program including ATA Plus, CrowdPlus.asia, Eurecca, Leet Capital, and pitchIN. As for the six P2P platforms, they are B2B Finpal, CapBay, Funding Societies, microLEAP, MoneySave, and QuicKash.
MDEC also added that it would offer priority assessment to all applicants by expediting the eligibility screening process before submitting the profiles to the applicants’ choice of ECF/P2P operator.
“To further encourage entrepreneurs to leverage on ECF and P2P platforms, our division will also engage the founders of MSC-status companies and other high-net-worth-individuals to pay-it-forward as investors on these digital financing platforms,” said Gopi Ganesalingam, vice president of MDEC’s Digitally Powered Business Division.
So, entrepreneurs that interested in alternative financing option can learn more about MDEC’s Alternative Funding Program 2021 through MDEC’s official website right here. They also may submit their applications from now till 31 March 2021 via the same website.