SEVEN equity crowdfunding (ECF) and peer-to-peer (P2P) financing platforms have been chosen to participate in the RM131.5 million New Industrial Master Plan 2030 (NIMP 2030) Strategic Co-Investment Fund (CoSIF), aimed at helping small and medium-sized enterprises (SMEs) scale up through technology.
The Ministry of Investment, Trade and Industry (MITI) has confirmed the selected ECF platforms are pitchIN, Mystartr, Leet Capital, and Crowdo, while the P2P platforms include Funding Societies Malaysia, CapBay, and B2B Finpal.
All of these platforms are officially registered with the Securities Commission Malaysia (SC).
Launched jointly by MITI and the SC on 25 February 2025, the NIMP CoSIF forms a part of the NIMP 2030 initiative.
The fund is designed to mobilise capital via a public-private crowdfunding model, specifically targeting businesses in strategic sectors that require significant financial backing for high-tech or high-impact projects.
With an initial allocation of RM131.5 million, the NIMP CoSIF will begin co-investing through these platforms to support the growth of Malaysian SMEs and mid-tier companies (MTCs).
Eligible businesses may operate in any of the 21 target sectors or emerging growth areas highlighted in the NIMP 2030 blueprint.
MITI Minister Tengku Zafrul Abdul Aziz, said, in a statement both current and future global growth would be driven by advancements in technology and artificial intelligence (AI).
As such, he stressed that Malaysia’s SMEs and MTCs must be nurtured in order to stay competitive in the evolving global landscape.
He added “So we, as a nation, can keep up technologically to remain competitive.”
On the NIMP CoSIF, Tengku Zafrul noted that the collaboration with the SC and private sector platforms would be pivotal in enabling Malaysia to scale up.
These efforts would help companies enhance their economic complexity, accelerate technology adoption, and embark on sustainability initiatives – key objectives of the NIMP 2030.
Our collaboration with the SC and private sector platforms reflects the MADANI Government’s holistic, whole-of-nation approach to broad-based, sustainable economic growth,” he added.
The Minister called on SMEs and MTCs to step forward with their innovative projects, which would play a vital role in accelerating Malaysia’s reindustrialisation.
The ministry explained that the selection of the seven ECF and P2P platforms was based on their relative contribution to the overall funds raised within the ECF and P2P ecosystems.
These platforms were deemed suitable and qualified for inclusion in the NIMP CoSIF scheme.
To access funding from the NIMP CoSIF, companies must launch a fundraising campaign on any of the participating ECF or P2P platforms.
These platforms will assess the eligibility of each company based on the fund’s criteria, which are aligned with the NIMP 2030’s goals and targets.
The NIMP CoSIF will co-invest in eligible companies’ fundraising campaigns at a pre-determined ratio, which varies according to the sector in which the company operates.
Applications for NIMP CoSIF funding will open on 2 May 2025.
Further information on the NIMP CoSIF, including the eligible sectors and co-investment ratios, is available on the fund’s dedicated webpage (https://www.sc.com.my/msme-mtcroadmap/cosif).
Any enquiries regarding the NIMP CoSIF can be directed to [email protected]. - March 29. 2025
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