Crowdfunding is a critical source of alternative financing for SMEs in Malaysia
Crowdfunding is expected to pick up pace in the near future as a critical source of alternative financing for micro, small and medium enterprises (SMEs) in Malaysia, says the Asian Institute of Finance (AIF).
According to findings of its research study released on Wednesday, the key priorities to boost crowdfunding include building an informed community among small business owners and the general public, grooming entrepreneurs.
The priorities include enlarging the investor pool, raising the profiles of platform operators, increasing project pipeline flows and reinforcing the synergies among institutions dedicated to SME promotion.
The report, entitled “Crowdfunding Malaysia’s sharing economy: Alternative financing for micro, small and medium enterprises”, sees a vibrant crowdfunding environment emerging in Malaysia.
Photo courtesy of John Twohig.