The strategic partnership between pitchIN, Malaysia’s Digital Fundraising and Investment Hub, and the Malaysian Research Accelerator for Technology & Innovation (MRANTI), a commercialization catalyst in the technology and innovation ecosystem, aims to transform the investment environment for Malaysian startups and spinoffs.
Through this partnership, startups and spinoffs will be able to raise capital using pitchIN’s robust platform while also benefiting from MRANTI’s invaluable support and advice, the two organizations said in a statement.
The partnership between MRANTI and pitchIN positions regulated alternative financing and investments as the preferred option for businesses as well as investors in Malaysia, where alternative financing raised MYR 1.7 billion ($370 million) in 2022 compared to MYR 1.3 billion ($280 million) from venture capital funding.
“Malaysia aims to attain a Top 20 position in the Global Innovation Index (GII) by 2030 and rises among the middle-income economies by bridging the innovation divide, supported by positive indicators such as high-tech net exports and creative goods exports,
“Our position here tells you that we do have bright talent and a lot of potential that requires some refining,” said Dzuleira Abu Bakar, Chief Executive Officer of MRANTI.
She claims that the partnership between MRANTI and pitchIN will create a dynamic and vibrant environment for innovation, improving Malaysia’s standing on the global innovation index (GII).
She claimed that the collaborations effectively increase the value and impact of the start-ups by adding value to their growth and development cycle.
She added that they are positioned to change the investment landscape, democratize access to capital, and promote the expansion of startups and spinoffs in the nation through this partnership.
“Keep in mind that startups are the engine of our economy. They are generally more concerned with cutting-edge innovation and innovative technologies,
“Being more agile means startups are able to develop a concept into a product and update it in response to customer demand with quicker decision-making communications. Essentially, they not only increase the creation of impact technologies but also chances for innovations to go into the market,” she added.
A specialized program called Fundraising Accelerator (FA) by pitchIN is created to help founders who have little to no experience obtaining funding from outside investors.
It gives founders in-depth training on the complexities of fundraising and arms them with the skills and knowledge they need to successfully raise capital for their businesses.
Six cohorts of the FA have been successfully completed by pitchIN since its launch in November 2021.
Three new cities have been added to the program: Kuala Lumpur, Penang, and Kuching in Sarawak.
The goal for this year is to help 15 MRANTI tech startups raise money from investors in exchange for a share (equity) of the companies.