Category Archives: Fundings

5 Malaysian Websites for Funding and Mentoring that Entrepreneurs and Businesses Should Know | Entrepreneurs.my

We are listing 5 Websites for Malaysian Entrepreneurs, Businesses and Start-Ups which they had wished that they knew before, during and after they have launched their businesses. These websites give access to funding, networks, marketing opportunities and mentoring to entrepreneurs and businesses.

 SME Info – A portal for all your Malaysian business and entrepreneurial financing needs and directory

SME Info provides the latest information, industry news and updates about the Small to Medium Enterprise segments in Malaysia. The portal also provides insights and latest news on government announcements, industry trends and available financing and training programmes for SMEs. Various developmental aspect for SMEs in Malaysia that the portal provides includes advisory services, financing options, training programmes, business networking and matching, and further industry events organised by the government and private sectors. SME Info is run by Bank Negara (The National Reserve Bank of Malaysia), where they play host as the Secretariat to the National SME Development Council.

MAVCAP – A source of financing for Malaysian businesses

MAVCAP was created to invest in the development of local technopreneur (Technology entrepreneurship) scene in Malaysia in 2001. MAVCAP is what local entrepreneurs would describe as the closest entity mirroring the functions of a Venture Capitalit firm who will help financially challenged start-ups through capital investment, while monitoring their progress. They are known for having quite strict evaluation processes when it comes to funding start-ups, and usually start-ups who have been in business for several years and have a clear growth plan ahead would be considered, as commented by your resident entrepreneur members.

Malaysia Franchise Association – Duplicating Your Business or Looking for a Successful Business that You can Adopt

If you are looking at expanding your business with its proven concepts throughout Malaysia, Malaysia Franchise Association is your place to be, especially since the organisation provides all the help you need from sourcing for potential franchisees to seeking financial assistance to getting the proper training to set up your franchise network. Ideally also, you can be on the lookout for successful franchises in which you can roll out from their list of franchisors. We were told by our entrepreneur members that the maintain the website quite well and they frequently organise trade-shows in your states to get more traction towards growing the franchising business in Malaysia.

MSC Malaysia – The Catalyst for Technopreneurship in Malaysia

From Grants, to Business Plan competitions, to Mentoring Services, to Incubation Space and Market Recommendations, MSC Malaysia was founded to develop the Malaysian IT-related entrepreneurship industry. It is widely known that when your company obtains an MSC Status company, you will enjoy a host of benefits which includes certain tax exemption, to access to grants, access to research and developmental facilities under MSC Malaysia and a network of mentors to grow your business. The MSC Malaysia’s programmes to develop more I.T. based entrepreneurs in Malaysia have seen some fruitful successes, where local brand names like Groupon Malaysia (Originally Groupsmore Malaysia) which had gone global, was the brainchild of MSC Malaysia’s Grant Receipt, Joel Neoh, to regional business matching company, SocialWalk by Mr. Tham Keng Yew and the people behind the sensational Upin & Ipin animation show.

e-Perolehan – The Online Procurement System for Local Businesses to Connect with Government

The call for a more transparent online procurement can never be clearer with the e-Perolehan system, where businesses and entrepreneurs in Malaysia can now sell their products and services through an online procurement system to governmental agencies. By registering your company with e-Perolehan, you would gain access towards participating in tenders, procurement exercises and bids issued by the government. You can submit your quotation and to bid for tenders. You should check out and explore the portal further to familiarize yourself with the system, especially those involved with Quotation & Tender.

We will be working on more useful articles on Free Resources that Malaysian Entrepreneurs and Businesses in Asia in general can use to kick start and expand the growth of their businesses. Check back with us for regular updates.

via 5 Malaysian Websites for Funding and Mentoring that Entrepreneurs and Businesses Should Know | Entrepreneurs.my.

Advertisements

Funding and Services for Technology Industry | TeAM

Cradle

CIP Catalyst (RM150,000)

The CIP Catalyst conditional grant is awarded to teams of innovative individuals who may receive up to a maximum of RM50,000 per tranche for their ideas. Subject to terms and conditions, you may also apply and receive the CIP Catalyst conditional grants up to a maximum of three (3) tranches.

We have expanded the categories of funded areas so that you will be able to get all the help you need to develop your innovative ideas. These categories include:

* Development of prototype;

* Proofs of concept;

* Business plans;

* Purchase of market feasibility research;

* IP (Intellectual Property) search and registration;

* Surveys on concrete statistical data;

* Product sampling expenses

U-CIP Catalyst (RM150,000)

Almost similar to CIP Catalyst, focuses on ideas that come out of the academic or research arena.

CIP 500 (RM500,000)

The first pure technology seed or commercialisation fund offered by Cradle to help budding Malaysian companies with technology-based ideas attain commercialisation

—————————————————————

MATRADE

Market Development Grant (MDG)

The objective of the grant is to assist SMEs expand to overseas market. The Government through the Market Development Grant (MDG) provides grants to companies to partially defray the high cost of export promotion. Companies can obtain a 50% reimbursable matching grant on the approved cost of the eligible export promotion activities.

—————————————————————

MCMC

Networked Content Development Grant (NCDG)

The NCDG is a fund established by the Commission to render assistance in the form of grants towards achieving the national aspiration on the development of local content for a networked environment. Its objective is to facilitate and encourage Malaysians involvement in the creation, production and distribution of highly creative, original and marketable networked content for domestic and international markets.

—————————————————————

MSC Malaysia

R&D Grant Scheme (MGS)

– Encourage and establish vibrant research and development activities by local companies leading to innovative ICT/multimedia products that possess significant commercial potential.

– Increase the creation of Intellectual Property (IP) that enables companies to compete globally.

– Strengthen the R&D capabilities of Malaysian knowledge workers.

—————————————————————

MTDC

CRDF (Commercialisation of Research & Development Fund)

– CRDF is for the funding of commercialisation activities of locally developed technologies undertaken by Malaysian owned company. The technologies can be those developed by the public sector or they can also be the output of in-house research and development (R&D) activities by the companies.

CRDF 1 is a grant for the commercialisation of R&D output from public and private University (PPU) / Government Research Institute (GRI) by a Spin-Off company (“Syarikat Terbitan University, STU”).

A spin off company is defined as a company with local Public and Private University/Government Research Institution ownership.

CRDF 2 is a grant for the commercialisation of R&D output from Public and Private University (PPU) / Government Research Institute (GRI) by a Start Up company.

A Start Up is defined as a newly set up Small & Medium Enterprise (SME) established specifically as the vehicle for the commercialization activities of the specific project.

CRDF 3 is divided into 2 categories for the respective sectors as shown below:-

1. CRDF 3(a) is a grant for the commercialisation of any local R&D by SME; and

2. CRDF 3(b) is a grant for the commercialisation of public sector R&D by a non-SME.

Technology Acquisition Fund (TAF)

TAF is established to facilitate eligible Malaysian companies in the acquisition of foreign technologies for immediate incorporation into the company’s manufacturing activity. TAF’s partial grant enables companies to avoid expensive and often risky technology development stages.

The acquisition of technology could be in the form of acquiring know-how / IP exploitation / rights / blueprints via one of the following methods:

* Licensing of technology; and

* Outright purchase of technology

Business Start-up Fund (BSF)

Business Start-up Fund (BSF) is established to fund new start-up technology-based companies. The Fund incorporates elements of loan and equity, offering companies flexible funding via Convertible Notes (CN) and/or Preference Shares.

The objective of BSF is to support and encourage entrepreneurship and creation of new strategic businesses that are important and potentially scalable, and the funding of supporting companies within a technology eco-system.

Business Growth Fund (BGF)

The Business Growth Fund (BGF) focuses specifically on supporting and providing follow-on funding to successful grant recipient companies. The fund provides hybrid grant-equity funding which acts as a transition and a bridge from grant to venture capital (VC) financing. The financial assistant is a mix of two components – a grant portion and an equity portion that is similarly structured but more flexible than a VC financing.

via Funding and Services for Technology Industry | TeAM.

Venture Capital Funds for Entrepreneurs and Start-Ups in Asia | Entrepreneurs.my

Having a business means having a sustainable flow of cash to grow the business during the present and future days. Aside from reinvested profits, entrepreneurs may opt for venture capital funds to grow their businesses and to some, to have a relationship with investors to act as mentors. This is seemingly popular for entrepreneurs in Asia.

In Asia, most of the Venture Capital firms and funds seem to be gearing their investments towards the Green Technology sector, as evidenced through new funds being set up in the region to encourage entrepreneurs to develop innovative solutions for environmental conservation. For one example, the Asian Development Bank has set up a USD $60 million to be put into 3 Venture Capital Funds for clean-technology start-ups in Asia. There is a long list of initiatives that they are supporting in getting more entrepreneurs, especially those with scientific backgrounds and support, to invest their ideas into clean technology businesses as shown here.

Another powerful resource for Asia entrepreneurs is to know Where to look for Venture Capital investors and firms which may not be as heavily advertised as loans from banks. Here is a directory listing of Venture Capital Firms in Asia which are all constantly looking for new ventures to invest in. Have a look here.

After much research, Stanford University’s Business School presented a report about the outlook of Venture Capital funds in Asia and its growth potentials to fund more initiatives by Asian entrepreneurs especially in the different fields of Green Technology, New Innovations and Start-Ups. This is a very detailed look of the Venture Capital investment landscape in Asia and we thought, it should be a compulsory reading for any entrepreneurs looking for investments here.

In general, it looks like with the boom on technology progress in the major emerging Asian economies like China and India would have sustained the interest of firms, banks and wealthy businessmen to set up Venture Capital Funds in Asia, to tap into the potential of creating highly profitable ventures. As entrepreneurs seeking for funding, networking is key and getting their businesses exposed throughout the region is crucial to gauge the interest of Venture Capitalists and firms to invest.

via Venture Capital Funds for Entrepreneurs and Start-Ups in Asia | Entrepreneurs.my.

Using your business plan | Gust Blog

By Bill Payne / March 22nd, 2012

Business plans come in several flavors and you will need each of them to successfully raise money.  I’ll briefly describe the forms of your business plan, but more importantly, explain how to avoid common mistakes in using your plans.Elevator Pitch – A two-minute verbal description of your business.  Illustrate the problem you are solving and how your solution will delight customers.  Imagine you enter an elevator on the twenty floor and find yourself standing next to an investor.  How can you explain your business while the investor is a captive audience?

Video Pitch – A video of your elevator pitch that can be used electronically to introduce your business to investors.  Take advantage of the media and enhance your pitch by showing investors a prototype or graphic.

Executive Summary – A one to three page description of your business, summarizing your entire business plan but emphasizing the problems customers are encountering and your solution to these problems.  Entrepreneurs usually provide condensed descriptions of the competitive environment, the management team, brief proforma financials and the amount of capital required to start and grow the business.

PowerPoint Presentation – Follow Guy Kawasaki’s 10/20/30 rule as described in The Art of the Start:  Describe your business in 10 slides, deliver the presentation in 20 minutes using few words and large typestyle (>30 font).  Look on investor websites for an outline of investor expectations for PowerPoints.

Business Plan – A full blown description of your business.  Regardless of what you read elsewhere from investors, writing a full plan is key to understanding all aspects of the business and to create alignment among the management team, employees, vendors, customers, partners and investors.  Most investors continue to demand a full plan and often use them as an outline for their due diligence before investing.

Imagine a fishing analogy:  The elevator and video pitches are lures – used to attract investors. After pitching, give those investors a copy of your executive summary.  Interested investors will then set up a verbal presentation.  Use your PowerPoint presentation to “set the hook.”  Expect lots of questions from your investor audience.   Investors who wish to pursue investment will ask for a copy of your business plan and enter a stage called “due diligence,” spending lots of time with you validating the investment opportunity.  “Reel the investors in” and close the deal.

Here are some do’s and do not’s:

  • Don’t spend too much of your time with investors talking about products and technology.  Talk about solving customer problems.  Why would users select your solution?  Be ready to discuss all aspects of your business.  Investors fund companies not products.
  • Do not hand investors your business plan when you first meet them.  They will politely accept it and then likely throw it away before reading.  Wait until you have attracted investors and they ask for a copy of your business plan.
  • Practice your Elevator Pitch and your PowerPoint presentation until you can deliver each smoothly.  Cover all the materials quickly, leaving extra time for questions from your investor audience.  It is usually the interactions during the Q&A period that will cement interest among investors.
  • Understand the size of your opportunity.  Do not estimate revenues as a percentage of the market.  Do a bottom’s up analysis.  Which customers will buy how much of your product.
  • Don’t overemphasize the importance of “first to market.”  Investors know that among successful giants, like Facebook, Google and Internet Explorer, none were first to market.
  • Be sure to include your contact information in your Executive Summary and Business Plan.  It is very frustrating for investors to meet an interesting entrepreneur, take a copy of their Executive Summary home to read, generate more interest by reading it and then discovering you have no contact information to facilitate follow-up meetings.

via Using your business plan | Gust Blog.

Pitch – a speech or act which attempts to persuade someone to buy or do something
Captive audience – a group of people who listen to or watch someone or something because they can not leave
Condense – to reduce something, such as a speech or piece of writing, in length
Lure – the quality or power that something or someone has that makes them attractive)
Reel – to pull in a rope or an object on the end of a rope by turning a wheel round and round, or to release something in the same way