MDeC proposing to maintain funding for 10th Malaysia Plan
In conjunction with the great news of building a B2B system to help SMEs and MSC Companies to grow into a global player. The most exciting part of the story for new entrepreneurs, is that MDeC will try to propose new funds and maintain some existing funds for the Upcoming Malaysia Plan. I believes, most funds allot from the last Malaysia Plan has almost been dry out and the public has been very curious if will be any new funds coming up to assist new ideas and drive the ICT and Multimedia Industry to the next level.
Although there are no promises from MDeC, but at least initiatives are taken into the consideration that certain funds will be proposed to be maintain and new funds will be available. The following funds that MDeC proposed to be maintained include MSC Malaysia Research and Development Grant Scheme (MGS), Pre-seed Funding and MAC3 Co-Production Fund. Lets have some fate and patient with MDeC, and hope that the government continues to drive the country growth into a better economic environment for new entrepreneurs.
Reference Link: http://biz.thestar.com.my/news/story.asp?file=/2010/5/8/business/6208729&sec=business
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Life is interesting, its all about experimenting, trial and errors and self improvments. This blog is all about my personal experience. I am full with ideas, and i will achieve every one of them step by step.
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Ya, but I heard that the fund won’t be available until 2011. Is that true?
I don’t know how true was that, i think the funds has been dry out for 2010. So in order to propose to the government to maintain certain funds, might take a year to approve. There are rumors saying that MDeC won’t be managing any funds such as Pre-Seed for upcoming years, and it will pass its responsibility to Cradle. It seems the rumors is against what was published in the news, so lets sit down and see what happens next.
Just pray for the good news. It seems like 2010 will be a really tough year for startups in Malaysia. Chee Hoong, do you know of any similar startup funds available in Singapore?