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How to get RM 150,000 from the government (100% legal)
Today I found out that it is actually easy to get money from the government.
It’s an unusual situation, considering how it seems like it’s always been the other way round. The government wants to increase prices of food la, commodities la, toll, chicken, petrol and roti canai.
I attended the CIP Catalyst Info talk for entrepreneurs this morning at Wisma MCA, (and happened to bump into SuperWilson who also had a meeting in the same building).
I’ve been hearing about CIP, or Cradle Investment Program, from entrepreneurial fairs but never had a clear picture of what they did, or could do for me.
After today’s session, this is my basic conclusion : The government is eager, very eager, to give money to aspiring entrepreneurs.
Money of Up to RM 150,000.
I’m a road user, like you are, and I complain like hell when there’s a hike of 10 sen for LDP toll.
And if the government gives out RM150,000 to one entrepreneur, that’s gona make 1.5 million road users complain like hell too. Only thing is that this hell is 1.5 million times bigger.
CIP is basically a pre-seed funding privatized company, that helps to push funds that the government has allocated (RM100 million in total) to aspiring entrepreneurs. Those who have a technology idea, that doesn’t have to be completely original, but can be developed into a business.
That said, the idea has to have a certain amount of uniqueness to further convince the analysts that your idea can be commercially viable in the future.
So if you’re an entrepreneur with a fantastic technology concept that your gut tells you will be an instant hit, why not give if a shot? Or….if are planning to start a cottage industry like Mencetak Kain Batik, or Membuat Dodol or Kuih Lapis, I strongly suggest you to revise your business plans. Maybe put in a dash of ecstacy in your recipe to qualify for the ‘Uniqueness’ criteria.
This is beginning to sound like an advertorial, but I assure you it’s not one.
The government is just desperate to give us money to start businesses!
Perhaps they are tired of the so-called entrepreneurs, that sell kuih bakul, kain songket, trinklets, ornaments, decorative stones etc. If you go to an entrepreneurship fair in Midvalley Exhibition Hall, you’ll know what I mean. You’ll see things like a 55 yr old uncle that’s selling Wild Honey. He proudly labels himself an ‘entrepreneur’. Ugh.
({Pic taken from www.orangmelayu.com)
As some may know, I’m currently working on a certain venture, which for now, I would like to identify as Project ‘P’. A RM50,000 capital injection would be an excellent boost so that I don’t have to go around knocking on my uncles and aunties door for ‘Project P Donations’. Langsung takde gaya.
‘Project P Pre-seed Funds’ sound much more gaya right? xD
I felt very encouraged during the talk just now, cos when I looked around the audience (of about 100)…
…there were only 4-5 who were around my age. The rest look like dads and grandpas.
I’m really not that old yet! HAHA.
So wish me luck when I do apply for funding. Or expect me to come knocking on your door for ‘donations’. Wehehe.
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I fell in love all over again with the girl who gave me a ‘packet kasih sayang’ stuff for cough and cooling effects this morning.
She also had her new name card printed yesterday! Wah bangga me.
Apparently, these herbs are strongly recommended by Chinese Herbalists in China to combat the AHINI virus. And the herbalist who prepared this charges RM1.20 per packet. Either it’s a con job, or he suddenly lost all of his business sense. For a cure to AHINI (if it works), RM1.20 per packet is peanuts man. Hope it doesn’t give me diarrhoea LOL.
And now….I wana announce that I’ll be around for another 9 days more. After which, I’ll be away for 2 months. Ah, there is SO MUCH I’m gona miss.
Cheers!
-EVo-
EVo Ooi Eu Veng August 27th, 2009 00:38 am
This is how u get RM150,000 cash from the government (100% legal) http://bit.ly/sSPB3
EVo Ooi Eu Veng August 27th, 2009 08:22 am
This is how u get RM150,000 cash from the government (100% legal) [1st repost] http://bit.ly/sSPB3
eGo August 27th, 2009 08:44 am
T_T me too man. im stuck with u alone for 2 months. ugh
[Reply]
euveng Reply:
August 28th, 2009 at 11:09 am
U think im gona enjoy that?? hahaa. but but, i hear there’s gona be new interns from uni…and i hear there’s a girl amongst them too..he.he.
[Reply]
Tian Chad August 27th, 2009 08:56 am
Thanks for introducing CIP =D
You still have a bro to teman you in upcoming 2 months right? haha
[Reply]
euveng Reply:
August 28th, 2009 at 11:10 am
Just sharing the good stuff bro
Yes, he’ll teman me la…but he’ll be busy kau the china mui there..so me alone again..LOL
[Reply]
botakai August 27th, 2009 12:26 pm
yeshH!!! evo not around woooot
lol jkjk…..gonna miss u !!! T_T!!!
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euveng Reply:
August 28th, 2009 at 2:35 pm
kanasai! hahaha. ya gona miss bashing ur tummy as usual lol..when come make sure u visit me!
[Reply]
limpeh August 27th, 2009 12:43 pm
so much?
u gonna miss aneles only laaaa
[Reply]
euveng Reply:
August 28th, 2009 at 2:41 pm
If i type here one whole page not enough laaa…scare u read until sleep only..ahahaaa…
[Reply]
Benghan August 27th, 2009 16:20 pm
Evo!! I was thinking about this CIP thingy too! But, is there any catch behind or should we just go for SME Bank? Talk to you soon!
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euveng Reply:
August 28th, 2009 at 2:42 pm
Well the repayment scheme seems to be flexible wor. but u need a strong business plan to convince them that ur biz is viable, or else it’s too high risk for them to cincai approve funding only la..
C u this weekend bro!
[Reply]
EVo Ooi Eu Veng August 27th, 2009 16:26 pm
This is how u get RM150,000 cash from the government (100% legal) [last repost] http://bit.ly/sSPB3
Shaz August 27th, 2009 16:55 pm
Once u get the RM 150K .. give me 1500 out of that… i will grow ..some thing into business la… hehehe i hope!
[Reply]
euveng Reply:
August 28th, 2009 at 2:42 pm
Yeaaa man. u can start ur own SHAZ FM! LOL….!!
[Reply]
Mich aka Perfectionista August 27th, 2009 16:59 pm
Oooo, what project you working on
i want inside details.
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euveng Reply:
August 28th, 2009 at 2:43 pm
It’s about online branding
tell u more about it soon hehe. weiii…ur quarantine still on ah? hope u stay clear of the virus this whole week!
[Reply]
CanadamannotChinaman August 27th, 2009 19:44 pm
You’re gonna be stuck for two months.. with me… I’ll put you and EG through HELL!!
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euveng Reply:
August 28th, 2009 at 2:45 pm
I’m only worried it’s US who will put u thru hell….haha….!!
[Reply]
kenwooi August 28th, 2009 01:04 am
time to start a business? haha.. =D
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euveng Reply:
August 28th, 2009 at 2:46 pm
yeah bro..never too early! u have any ideas urself?
[Reply]
ahbing August 28th, 2009 01:57 am
Dailou, you becoming your own boss soon? Wish you all the best first! (remember I wished you ar… lol). Here’s one suggestion, make another online journal for your entrepreneurship experience, must be interesting!
/if you got time to write about it la…
[Reply]
euveng Reply:
August 28th, 2009 at 2:47 pm
LOL @ ur last line..good point man. this blog also i squeezing my balls for time to update liao, what more new blog..die wei
OK, when i make merchandise for promo next time i give u FOC..hehe.
[Reply]
ahbing August 28th, 2009 01:58 am
I found this on your sidebar… “Post-Plugin Library missing”.
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euveng Reply:
August 28th, 2009 at 2:47 pm
I know. I still haven’t figured out where it comes from wei *scratch head*
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vialentino August 28th, 2009 13:59 pm
yeah…i did submit proposal before to this kind of govt funding…not easy….unless ur idea is superb creative …anyhow kennysia proposal got to be approved..
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euveng Reply:
August 28th, 2009 at 2:48 pm
WHOA. i didn’t know kennysia also applied for this cradle fund? so innovative gah he? so did u get it in the end? cradle also?
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