The Ministry of Investment, Trade and Industry (MITI) has selected seven equity crowdfunding and peer-to-peer financing platforms to participate in the New Industrial Master Plan (NIMP) 2030 Strategic Co-Investment Fund (CoSIF).
An initial allocation of RM131.5 million will be distributed through these platforms to support domestic SMEs and mid-tier companies (MTCs) engaging in high-tech activities or high-impact projects in strategic sectors identified under NIMP 2030, which may require a large pool of capital.
The equity crowdfunding platforms selected are pitchIN, Mystartr, Leet Capital, and Crowdo.
The peer-to-peer financing platforms are Funding Societies Malaysia, CapBay, and B2B Finpal.
All are registered with the Securities Commission Malaysia (SC).
Jointly launched by MITI and the SC on 25 February 2025, the NIMP CoSIF uses a public-private crowdfunding model to mobilise resources to support companies aligned with NIMP 2030 goals.
The initiative aims to accelerate Malaysia’s reindustrialisation by supporting innovation and growth in 21 target sectors and four emerging areas outlined in the master plan.
To access funding, companies must launch a fundraising campaign on one of the approved platforms.
Eligibility will be assessed based on the NIMP CoSIF Eligibility Criteria, and the fund will co-invest at a pre-determined ratio depending on the sector in which the company operates.
Applications open on 2 May 2025.
Further details, including the list of eligible sectors and co-investment ratios, are available here.
MITI Minister Tengku Datuk Seri Utama Zafrul Aziz said,
“CoSIF’s initial seven equity crowdfunding and peerto-peer platforms will enable us to scale up by helping these companies enhance their economic complexity, tech up rapidly or embark on their sustainable journey – missions set by NIMP2030.
Our collaboration with the Securities Commission and private sector platforms reflects the MADANI Government’s holistic, whole-of-nation approach to broad-based, sustainable economic growth. We urge SMEs and MTCs to come forward with their innovative projects to help us speed up the nation’s reindustrialisation journey.”
