Malaysia’s Ministry of Investment, Trade and Industry has selected seven Equity Crowdfunding (ECF) and Peer-to-Peer (P2P) financing platforms to participate in the New Industrial Master Plan (NIMP2030) Strategic Co-Investment Fund (CoSIF), according to local reports.
The program aims to support companies in high-tech and high-impact sectors.
The NIMP CoSIF, launched in collaboration with the Securities Commission in February, will mobilize resources through a public-private crowdfunding model.
It is designed to provide capital to Small and Medium Enterprises (SMEs) and mid-tier companies (MTCs) pursuing projects in the 21 target sectors or four emerging growth areas outlined in NIMP2030.
Selected ECF platforms include pitchIN, Mystartr, Leet Capital, and Crowdo, while the P2P platforms are Funding Societies Malaysia, CapBay, and B2B Finpal.
With an initial allocation of 131.5 million ringgit ($28 million), the NIMP CoSIF will co-invest through these platforms to accelerate the country’s industrial transformation.
The initiative supports businesses with innovative projects requiring substantial capital investments, particularly those contributing to Malaysia’s technological advancement and sustainable development goals.
“We urge SMEs and MTCs to bring forward their innovative projects to fast-track Malaysia’s reindustrialisation,” the ministry said in a statement.
The selection of the seven platforms was based on their contributions to the ECF and P2P ecosystem and their suitability for the scheme.
Companies seeking NIMP CoSIF funding will need to initiate a fundraising campaign on one of the participating platforms, which will assess their eligibility based on established criteria aligned with NIMP2030’s objectives.
The fund will co-invest in qualifying campaigns at a predetermined ratio, depending on the sector in which the company operates. This structure is intended to reduce investment risks and encourage greater private sector participation in the financing of high-impact projects.
The ministry emphasized the importance of innovation and technology in driving Malaysia’s industrial progress, adding that partnerships between the public and private sectors are critical for achieving the NIMP2030 targets.
Applications for NIMP CoSIF funding will open on May 2, 2025. Companies are encouraged to prepare detailed proposals showcasing their project’s potential economic and technological contributions.
The NIMP2030 initiative aims to strengthen Malaysia’s industrial base, boost technological advancements, and position the country as a competitive manufacturing hub in the region.