MDEC to provide funding facilitation support to Malaysian-based startups with its Founders Grindstone and Investor Matching initiatives
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Kuala Lumpur, 11 MARCH 2021: The Malaysia Digital Economy Corporation (MDEC) has launched its two latest Funding Facilitation initiatives for 2021; Founders Grindstone for startup capacity building and Investor Matching, to match startups with Venture Capitals (VCs).
These two initiatives are from MDEC’s Digitally Powered Businesses division and are geared towards opening up opportunities for Malaysian-based startups and tech companies as well as elevating the proficiency of start-up founders to successfully navigate the complexities of raising funds and fulfilling the gruelling demands of potential investors.
Thursday, 11 Mar 2021 05:13 PM MYT
RM50 and RM100 notes are seen in George Town November 27, 2019. ― Picture by Sayuti Zainudin
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KUALA LUMPUR, March 11 The Malaysia Digital Economy Corp (MDEC) has announced two funding facilitation initiatives for 2021, namely Founders Grindstone, a capacity-building programme for startups, and Investor Matching, which aims to match startups with venture capitals (VCs).
In a statement today, it said the initiatives would also elevate the proficiency of startup founders to navigate the complexities of fundraising and fulfilling the gruelling demands of potential investors.
“Both Founders Grindstone and Investor Matching aim to provide a much-needed avenue for many Malaysian-based startups to connect with global and local investors, and potentially raise funds during these tough times,” said MDEC Digitally Powered Businesses Division vice-president, Gopi Gane