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MDEC launches 2022 Founders Grindstone to assist tech firms in fundraising

28/04/2022 01:30 PM

KUALA LUMPUR, April 28 (Bernama) -- Malaysia Digital Economy Corporation (MDEC) has kicked off its flagship capability development and capacity-building programme, Founders Grindstone, for 2022.

The country’s lead digital economy agency said the programme empowers tech entrepreneurs to maximise their potential and focus on their fundraising journey through a series of intensive workshops with professional partners from venture capitalists (VCs), venture builders, and legal firms. 

In a statement today, MDEC chief executive officer Mahadhir Aziz said Founders Grindstone aims to help startups improve not only their pitching and storytelling, but also basic fundraising processes such as valuation and share capital structure which are crucial in any fundraising journey.

“Since 2020, we have had multiple Founders Grindstone workshops with partners like AC Ventures, The Hive, RHL Ventures, pitchIN, Bintang Capital and Emissary Capital, covering areas such as fundraising for market access, venture debt for growth, and fundraising for growth stage companies.

“MDEC hopes to keep organising more quality deals to them and other VCs through Founders Grindstone and our other funding facilitation programmes,” he said.

The agency said this year’s programme will begin with Founders Grindstone Pockets, a short refresher workshop through collaboration with state agencies, targeted towards early stage startups that are keen to understand more on startup fundraising processes.

This will be followed by thematic workshops, organised according to the relevant sectors and industry as a tailored approach for startups in their fundraising journey.

MDEC said the highlight of the programme is the eight-week Founders Grindstone Bootcamp that places 25 selected entrepreneurs through a series of focused workshops to enhance their eligibility to investors as well as their investment readiness.

“Participants will also gain access to one-on-one mentoring from the programme’s investor partners and mentors,” MDEC said.


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