Cowork Ventures Sdn Bhd has set up RM 1 million family office startup funds in June 2018.
The main objective of this fund is to incubate the early stage startup from pre-seed to seed stage. Upon the successful qualification process, our funds will continue to help accelerating the growth of the potential startup to scalable stage.
The whole qualifications process will be done through our qualifications process fully supported by our business partners in different expertise in IT infrastructure development, social media marketing, equity crowdfunding from SC licensed operators and angel investors community, business financing from P2P lending and debts ventures funds, ventures funds and family offices.
RM 50k funds will be released to qualified 1 winner from the start up qualifications process at the end of every quarter. RM 50K funds will be in cash term for the exchange of the equity capped at 2% threshold depending on the valuation of each start up.
For the 1st month of the qualifications process, screening and filtering process will be done through 1 to 1 consultation with at least 1 hour for every participant startup. The retention rate will be 50% at the end of the first month programme.
For the 2nd month of qualifications process, 50% remaining teams will be joining at least 1 day qualifications process (4 hours) allocated to every qualified startup company. The whole day programme will help the participants startup to explore the development and validation of the business model.
For the third months of the qualifications process, we will invite all our business partners to give wider insights from the perspectives of startup founders, other accelerator program organiser, equity crowdfunding operator, VC and family offices as our programme speakers attending once every week.
At the end of the third months, top 5-6 finalists will be chosen for attending 1 day final match with a panel of 4-5 judges choosing the the winner for RM 50K cash for equity honoured by our company.