The Pitch, an initiative to support local SMEs

The Pitch, an initiative to support local SMEs
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Posing at a photocall are (from left), Philip Goettfert, Sam, Lim and Angelld Quah (COO of FundedbyMe).

KUCHING: Through The Pitch, Amelia Lim, the founder of Aquavermiponic Sdn Bhd, succeeded tremendously in her company’s equity crowd funding and Peer to Peer (P2P) nancing exercises with platforms FundedByMe and AlixCo P2P to scale and grow her business effectively, according to JW Sam,
marketing director of RH Vision, a Rimbunan Hijau Property Development arm.

The success in obtaining the funds demonstrates the capacity of entrepreneurs in Kuching and the potential that they have in the Sarawak economic landscape.

In a press statement, Sam explained that The Pitch is an initiative from RH Park that supports local SMEs through effective mentorship, alternative financing and more. Businesses which have passed the selection
process will be given the opportunity to pitch their business ideas to a panel of judges.

During the previous Pitch, Lim was the chosen to pitch her business to the panel.

The panel was made up of SEDC chairman, Tan Sri Aziz Husain, managing director of RH Vision Ir. Peter Wong, financial analyst from FundedByMe, Andre Betker and Dr Jeff Jee from Swinburne University.

The initiative managed to facilitate this rst Sarawak success for Lim. The amount raised was RM404,600 for Equity Crowd Funding and RM25,000 for P2P financing.

This initiative was founded by Sam in the hope of bridging the gap between established businesses and start-ups; as well as providing alternative financing for businesses in Sarawak to develop effectively.

[Source: “The Pitch, an initiative to support local SMEs” published by New Sarawak Tribune Online]

Photo Credits: New Sarawak Tribune Online

By Abdul Qaiyum Alidin

The life of an ordinary guy, an engineer, a scientist, and a social media. Enjoy and have fun!

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