PETALING JAYA: The Investment, Trade and Industry Ministry (Miti) and the Securities Commission (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 (SMEs) 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.
