VentureX Hub is a soft-landing programme for global technologies & innovative companies from all over the world to establish an innovation hub in Malaysia. VentureX Hub provides assistance in company incorporation, local talent acquisition, and Malaysia’s market access.
We are looking for global innovative companies/startups that are in the high-growth stage, ready to expand in Malaysia. If you fit most of the criteria below, apply!
VentureX Hub is offerVentureX Hub Hub is offering incentives in a form of programme for 10 selected global innovative companies/startups under the VentureX Hub Programme from Stage 0 to Stage 3 to gain market access into Malaysia!Upon acceptance of the offer letter, you commit to fulfil all the requirements of the Programme below within 12 months.ing incentives worth USD 3,500, 10 selected global innovative companies/startups under the VentureX Hub!
After Stage 1 & 2, if your company chooses to proceed with the programme in Malaysia, upon fulfilling the following commitments, you may apply to claim the incentives:
You may apply to VentureX Hub for the incentives. Upon approval, MRANTI shall onboard you to the VentureX Hub.
You are not allowed to make a cash claim for the Programme.
As a disclaimer to our programme, we DO NOT guarantee in providing specific connections that you want and DO NOT guarantee successful partnerships, we will be assisting you at best effort basis.
No. Any travelling, accommodation and/or other expenses, it has to be borne by yourself. The programme is solely for organizing the programme’s content. ALL COSTS INCURRED DURING STAGE 1 - BUSINESS REGISTRATION, VISA, EMPLOYMENT PASSES, PROCESS APPLICATIONS & etc; STAGE 2 - TALENT HIRING PROCESS APPLICATIONS, COMMISSION AND FEES & etc ARE TO BE BORNE BY THE INNOVATORS/STARTUPS unless otherwise mentioned.
We will assist you in your innovation hub’s business set-up, talent recruitment and vertical-specific market access via our network of partners including government agencies, corporates and universities. At best effort, we will connect you to our available connections, however, our programme DO NOT guarantee any specific connections or successful partnerships.
Innovators/Startups are required to commit to the programme on a meeting schedule basis for the entire duration during the market access programme. Business meetings will be conducted digitally or physically and innovators/startups will have the rest of the time free to work on their business as needed.
It is important to note that this programme provides guidance and assistance to register a company, business setup and hire talents in Malaysia, ALL COSTS INCURRED DURING STAGE 1 - BUSINESS REGISTRATION, VISA, EMPLOYMENT PASSES, PROCESS APPLICATIONS & etc; STAGE 2 - TALENT HIRING PROCESS APPLICATIONS, COMMISSION AND FEES & etc ARE TO BE BORNED BY THE STARTUP unless otherwise mentioned. we DO NOT hands-on, represent, deliver or execute the work on your behalf, you’ll be responsible to communicate, deal direct, liaise, compile and provide sufficient information and documentation as requested by any connections we provided to ensure your success in registration, business setup and hiring. The core focus of the programme is for you to build your network, grow your innovations and business to achieve your milestones. It’s also the responsibility of innovators/startups to maximise the opportunities during this programme to acquire contracts, revenues and fundings in Malaysia, and obliged to report the outcomes to the MRANTI GIX team 6-12 months after the end of the programme.
The programme’s duration varies according to the respective programme phase and kindly refer to the programme details page for the programme duration.
VentureX Hub does not invest or take any equity in the innovators/startups during the programme. Any connections and relationships acquired during the programme solely belong to the startups. VentureX Hub does not interfere in any decision making in any future business dealings.
For your company/startup to gain good traction and confidence from local market , you are advised to incorporate the company in Malaysia, nevertheless, we welcome a project team setup; or a joint venture company; or a project team outsourcing to Malaysian entities/individuals; that facilitate hire of 3-5 local talents within 12 months upon signing the Incentive Offer Letter.
No, VentureX Hub does not fund any innovator/startup during the programme.
Insurance will not be provided.
There is no direct PR support. However, innovators/startups may potentially get highlighted in local/regional press.
Our focus is to help the innovator/startup expand its market to Malaysia. Our key measure of success is to increase the number of foreign innovators/startups expanding to the Malaysian market by increasing the opportunities for knowledge transfer, and job creation opportunities for local talents.
The agenda is not available publicly but you will receive it once selected.
We understand that operation is of utmost importance for expanding stage innovators/startups, therefore, we allow some flexibility in sending a representative to the programme’s meetings that you as the primary applicant is not able to attend, however, the communication between your team needs to be consistent and the representative should be someone who is a decision-maker.
No, participants are required to submit all documents on our online application. Note: Unless there are issues uploading the documents.
Kindly submit your applications at VentureX Hub at MRANTI’s website
Please refer to the intake opening on our official website.
VentureX Hub aims to notify all applicants of the status of their applications one (1) month after the closing of applications.
Yes, we can assure you that you will be notified.
Please refer to the online application form on our website. The application will require information about your innovation, company and your team.
Thank you for your interest. Kindly email email@example.com and our team will get back to you.