MyStartr first founded the “Dream Factory” programme in 2012 to build a community of entrepreneur and startup. To realise the dream, practical business idea and sustainable business model is much sought after. Thus, in 2017, the “Dream Factory” programme evolves into a startup competition. Every year, 30 startups that successfully raise the crowdfunding target amount, progress to the one month intensive business education and mentorship training, to earn the right to pithc at the startup competition.
MyStartr is also one of the largest reward based crowdfunding platforms in Malaysia. The Securities Commission awarded an equity crowdfunding licence to MyStartr in May 2019, allowing it to raise funds for the early stage startup.
Although the startup scene in Malaysia has been getting much more vibrant for the last few years, the capital market is still not familiar with the early stage startups. As such, equity crowdfunding platform such as MyStartr plays a crucial role in bridging the gap between the investors and startups, educates more and more retail investors to conduct proper investment, and assists the startup in scaling faster and bigger.