PETALING JAYA: The Ministry of Investment, Trade and Industry (Miti) and the Securities Commission Malaysia (SC) have jointly launched the Strategic Co-Investment Fund (CoSIF) under the New Industrial Master Plan 2030 (NIMP 2030).
With an initial allocation of RM131.5mil, CoSIF will be distributed through equity crowdfunding and peer-to-peer financing platforms to support the growth of local small and medium enterprises and mid-tier companies in strategic sectors.
“CoSIF is a public-private co-investment scheme where the Government co-invests at pre-determined ratios alongside private investors in businesses operating across the 21 sectors outlined in NIMP 2030, along with four emerging growth sector, namely carbon capture, utilisation and storage, electric vehicles, renewable energy and advanced materials.
“CoSIF will be administered by the SC,” said Miti and the SC in a joint statement.
They added that CoSIF is designed as a blended financing model to tap into unconventional sources of funding.
“By tapping into the capital market, CoSIF is able to mobilise significant resources to fund high-impact projects in strategic areas such as advanced manufacturing, digitalisation and decarbonisation. This initiative is expected to drive innovation, enhance competitiveness, and foster sustainable economic growth.”
