Funding for Malaysian ICT Entrepreneurs

Attention to all Malaysian ICT Entrepreneurs, If you have any great ideas, which you think is unique, it will be a hit in the market, or its the next big thing; here is the chance for you to fulfill your dreams. Get funded for your ideas! The government had allocated RM80 million under the Ninth Malaysia Plan for funding as part of the effort to nurture home-grown technologies and talent pools.

These are the few options that you could get funded from:

1) Cradle Investment Programme (RM50,000 - RM150,000)

CIPCIP, a RM 100 million fund managed by Cradle Fund Sdn Bhd, under the auspices of the Ministry of Finance (MOF). Cradle Fund Sdn Bhd is a subsidiary wholly owned by MAVCAP (Malaysia Venture Capital Management Bhd). A conditional fund for RM 50,000 - RM 150,000 for groups of innovative individuals with technology-oriented ideas, who are 18 years of age and older, and permanently residing in Malaysia can apply. Each application form must have a minimum of 2 applicants and a maximum of 5 applicants. Read their FAQ to understand more about them and how you could apply for the fund.

2) MIRC - MCA ICT Resource Centre

MIRCA RM5mil fund to IT entrepreneurs in Malaysia. This is a partnerships between MCA’s Technopreneur Venture Fund with venture capital organizations. There is not much detail on the MIRC site, is best for you to contact them directly at +603-2161 1618 for more details on the fund. This may be their first fund. So, be the pioneer for the first batch, you may get a lot of publicity if you manage to secure the fund. I wonder if this fund will be a conditional funding or it acts as a VC funding? since it is partnering with the venture capital organizations, will it have any of the VC’s restrictions occurs?

3) MDEC Technopreneur Pre Seed Fund

MDECA RM 150,000 conditional fund which was introduced by MDEC to develop your viable business plan into commercially focused ICT project for venture funding and commercialization. Apart having the advantage of its mentoring services and the facilities provided by MDEC, approved applicants has a chance to apply for MSC status during the development of prototype. The fund is open to all Malaysian Individuals who doesn’t owns a business. Application Form download here. FAQ download here.

Last but not least, some other sites that mentioned on Funding in Malaysia:

  1. http://www.it-sideways.com/2007/05/funding-for-technopreneurs.html
  2. http://www.edwinwang.com/Cradle-investment-Programme-MSC-TDF-National-Incub.shtml
  3. http://web2.0entrepreneur.com/6/how-to-get-funded-for-malaysian-startup-entrepreneurs.html
  4. http://www.mobileworld.com.my/v2/index.php/20071105394/Mobile_Industry/Articles/Who_said_there_is_no_funding_.html
  5. http://www.mscmalaysia.my/topic/MSC+Malaysia+Status+Funding
  6. http://hatchlings.wordpress.com/2007/01/05/funding-options-for-a-malaysian-entrepreneur/

Don’t wait when there is a chance.

July 15, 2008 | Filed Under Entrepreneur | 5 Comments 

I’ve won a Maxtor 80GB Portable Hard disk

Maxtor 80GB Harddisk Yes! I have won a Maxtor 80GB Extended Hard disk from an event hosted by webmastermalaysia.com, and proudly sponsored by exabytes.com. Thanks to Mr. Adrian Oh from NeoWave.com.my, one of the speaker for this event, that has a magical finger, and luckily pick me up as the first price winner for the Maxtor 80GB Portable Hard disk.

I seldom and not very actively involve in such events though I have been to a few just to network around. Social Networking is essential for all entrepreneurs whether they like it or they don’t. From here I met a lot of pro-bloggers, webmasters, internet entrepreneurs, some technical gigs and SEO experts, exchanging ideas on how to make more money online, how to prevent fraud, internet marketing, etc etc. And you will be surprise that these people are earning more income than people that has a full-time day job.

Featured speakers for these events are Famous bloggers, Mr C.F.Liew from liewcf.com, Microsoft experts, Mr. Rohan, e-Commerce specialists, Mr. Adrian Oh from Neowave.com.my and web/graphic designer, Ikram Omar from filament-phase.com were all sharing their knowledge in their areas of expertise.

CFLiew and RohanLiewCF, he is not what i have expected, he is not a very well speaker or presenter, he doesn’t speak very well English and in fact his English is kind of broken; However, he is earning an USD X,000 (he don’t want to disclose), which is more than his previous job employment with his blog liewcf.com, and he is now a full time blogger. Looking at C.F.Liew, which makes me to conclude that, “You do not need a well spoken or written English to blog“, as liew mentioned, as long as, your readers understands, and you yourself understands, you can make a difference with blogging.

Rohan, speaks of Microsoft SilverLight, mentioned on a camp called Silverlight camp, which i am quite looking forward to it, however, i can’t manage to get his email and blog details, hope someone that is reading this could update me on the silverlight camp in malaysia.

Adrian OhNeowave, Adrian Oh, The guy that i can’t miss to mention him, without his magical finger, I don’t even get a 80GB hard disk for FREE. Adrian is an expert in eCommerce, selling things over the internet, and he runs a company that provides eCommerce solutions. He is sharing to us on fraud prevention and his personal experience in handling fraud situations. I believe his sharing is very practical to every webmasters that would like to earn a penny over the internet. Visit his site for more information on eCommerce @ Neowave.com.my.

Last but not least, Ikram Omar’s “Grid Design for the Web” had really inspired me that how shall we design our site, and i like the way he redesign theStar website, and is much better than the existing site design.

Ikram Omar

Webmaster Malaysia Gathering

some other sites recommendation from the people in this event:

elawyer.com.myEddie Law’s eLawyer.com.my, a site that provides law jobs over the internet. you can visits his blog for some law tips at laweddie.com

asiaparttime.com

Mr. part time, Lam Poh Ee, founder of the famous part time portal asiaparttime.com. a direct competitor to Iamfreelancer.com

Home Tuition CareHome Tuition Care, the founder Andy Low. The sites provides free home tuition matching tuition for parents.

iamfreelancerThe famous freelance job portal, IamFreelancer.com, founder Elvin Lok was there as well.

LetARoom.comlast but not least. LetARoom.com, which is a site that I am partnering with asiaparttime.com founder, mr. part time, to provide free service allowing everyone including students, teachers, executives, working adults to post their rooms or houses for rent, and for those to wanted to rent a room to search for a room or houses.

Photos and Pictures are grab from webmastermalaysia.com, exabytes.com, asiaparttime.com, IamFreelancer.com, eLawyer.com.my and Home Tuition Care.

July 8, 2008 | Filed Under Entrepreneur, Events | 10 Comments 

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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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