Mystartr ECF Process: 5 Steps

1. Application (1 Week)

To apply, begin by submitting an online application through the website, ensuring your management account is up to date and including a pitch deck, three years of audited reports, and any other supporting documents. After the application is reviewed and approved, you will proceed to the Pitching to Committee (P2C) stage.

• More info: What is Pitch Deck?
• More info: What is Pitching? 

2. Acceptance (1-2 Week)

There will be an internal board discussion and a Q&A session for additional documentation. The Approval By Committee (ABC) will then take place. Admin will update the application status, and the outcome will be either acceptance or rejection. If accepted, a Kick Start Meeting will be scheduled, and the Issuer Agreement will be finalized.

• More info: What is Issuer Agreement?

3. Due Diligence (2-3 Week)

After engagement session, the Applicant is required to sign an issuer Agreement (NDA) if they confirm to host ECF campaign with MyStartr.

Due diligence process will be started by collecting company documents and information after Project Team receives the IA from the Applicant. 

• More info: What is Due Diligence?

4. Pre-Live & Go-live (1-3 Months)

1. Pitching Sessions | Events | Marketing Campaigns: Once your project is live, engage in pitching sessions, events, and marketing campaigns with full force. Every second counts, so ensure this good news spreads widely throughout your network, maximizing your chances to attract shareholders.
2. Funding Success: Achieving the minimum ECF target signifies your project's success. When you reach the maximum amount or the campaign date concludes, your project will be officially closed and successful. Congratulations! Your crowdfunding process is now 90% complete. Together with your new shareholders, it's time to finish the final milestones of your journey.

5. Post ECF (1-2 Months or above)

Final last step, your business is ready to go further! When your funding amount reaches maximum or due date, ECF campaign will cease. Both investors & issuers will be in a cooling period for 6 days to confirm the investment consent.

1. Setup LLP: Objective to setup LLP is to group all your investors under one business entity due to business structure concern. In Sdn Bhd company structure, the maximum number of shareholders is 50. This approach provides a solution to it & also to ease the management. No worries! Investors will get same shareholding ratio from LLP setup.
2. Sign Partnership Agreement: The Partnership Agreement is an agreement between equity crowdfunding investors to form a Limited Liability Partnership (LLP) and subscribing to an agreed number of the shares of the Issuer. The Partnership Agreement also outlines the details, the rights, and responsibilities of all partners under the LLP.
3. Fund Release: Getting all funding & legal processes done, funded amount will be transferred from Trustee account to Issuers. Issuers may well utilized this funding in business plans accordingly!

• More info: Fund Release FAQ
• More info: What is LLP (Limited Liability Partnership)?