Among the three lessons learnt is, sincerity breeds authenticity MDEC went in search of auxiliary financing to help businesses Fight or Flight.
Subsequent round of applications to run for 2 weeks from 8 to 21 June Companies applying have average revenue of US$23,300 to US$1.6 mil
Proposal for 200 startups to receive US$700k funding each within 12 months Future of startup ecosystem & Malaysian economy is forever changed by Covid-19
Increase funding for venture debt under MDV with aggressive 1:1 matching ratio Not the time to take foot off the gas, rather, need to put pedal to the metal
Does not go far enough to help SMEs & business owners survive currently 6 suggestions, including making IT a necessary enabling service for businesses
Less than 3% expect to survive beyond 12 months if current situation persists MaGIC to help entrepreneurs leverage existing incentives, push capacity building
Singapore fintech startup InvoiceInterchange seeks to solve SMEs’ cash flow issues with peer-to-peer factoring.
Internet pioneer TS Wong, executive director of MyEG Services Bhd, shares his observations of what is different between today’s bright-eyed entrepreneurs versus those from his era, circa 1995.