Capital Markets Malaysia (CMM), an affiliate of the Securities Commission Malaysia (SC), has launched a comprehensive 12-month programme tailored specifically for companies within the mid-tier segment of Malaysia’s economy. The ELEVATE programme, which will be funded in part by the Capital Market Development Fund (CMDF), will provide guidance on business redesign strategies, fundraising models and access to financing through the capital market.
“The aim of the ELEVATE programme is to support mid-tier companies that have the potential to grow their businesses to the next level. Recognising that funding is a key element in a company’s growth strategy, the programme prepares these enterprises for fundraising through the capital market, an objective which is aligned with the SC’s own market development initiatives”, said Datuk Zainal Izlan Zainal Abidin, Chairman of CMM.
Mid-tier companies are defined by Malaysia External Trade Development Corporation (MATRADE) as manufacturing sector enterprises with annual revenues of RM 50 million to RM 500 million, and service sector enterprises with annual revenues of RM 20 million to RM 200 million.
“Our aim is to train 300 mid-tier companies over the next 3 years and we are pleased to have received the commitment of partners such as MATRADE, Malaysia Digital Economy Corporation (MDEC) and Endeavor Malaysia, to support the selection of qualified participating companies from their respective networks,” said Zalina Shamsudin, General Manager of CMM.
CMM has appointed 1337 Ventures Sdn. Bhd. to deliver the programme, which is in phases, starting with reinforcing business and financial management fundamentals, before moving on to design thinking and finally, the introduction of strategic funding options. A differentiating element of the programme is the provision of tailor-made coaching and mentoring by business leaders and senior practitioners from the capital market. The ELEVATE programme will also provide participants with a platform to pitch to sophisticated investors, as well as private equity and venture capital firms that are registered in Malaysia.
Companies wishing to register for the programme may visit https://www.capitalmarketsmalaysia.com/elevate-programme/
About Capital Markets Malaysia
As part of its developmental mandate, the SC set up CMM in 2013 to spearhead both the local and international positioning and profiling of the Malaysian capital market with its wide range of conventional and Islamic products, supported by a strong governance infrastructure. CMM profiles the competitiveness and attractiveness of the various segments of the capital market to increase participation and enhance opportunities for capital market intermediaries, issuers and investors.
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Capital Markets Malaysia
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