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MTEP

MTEP


The Malaysia Tech Entrepreneur Programme (MTEP) initiative aims to attract tech talent and entrepreneurs to Malaysia.


Here's a quick rundown of what MTEP offers:


What is it?


  • A government-backed program run by Malaysia Digital Economy Corporation (MDEC)

  • Targets international tech entrepreneurs who want to build startups in Malaysia

  • Facilitates entry and growth into the Southeast Asian (ASEAN) market


What are the benefits?


  • Entrepreneur Visas: Two types available:

  • New Entrepreneur Pass (1 year) for early-stage founders

  • Established Entrepreneur Pass (5 years) for experienced founders and investors

  • Access to funding and support:

  • Grant programs, co-working spaces, mentoring, and networking opportunities

  • Strategic location: Malaysia's central position in ASEAN offers access to over 625 million potential customers


Who is eligible?


  • New Entrepreneurs:

  • Strong digital proposition with minimum 2 years of experience

  • Minimum RM50,000 in personal bank account

  • Malaysian sponsor for stay and upkeep

  • Established Entrepreneurs:

  • Successful track record of established business for at least 3 years

  • Evidence of business performance


Interested in learning more?


Here are some resources you can check out:



How Bestar MY Can Help APPLY for MTEP Malaysia


Here are some ways Bestar MY can play a valuable role given our specific interest in helping individuals apply for MTEP Malaysia:


Pre-application stage:


  • Eligibility assessment: Help applicants understand the eligibility criteria for both New Entrepreneur Pass (NEP) and Established Entrepreneur Pass (EEP) and determine which category best suits their circumstances.

  • Business plan development: Offer coaching and workshops on crafting a compelling business plan that addresses MTEP's evaluation criteria, focusing on market potential, feasibility, and impact.

  • Document preparation: Assist applicants in gathering and preparing the required documents for their application, ensuring completeness and accuracy to avoid delays.

  • Financial projections support: Guide applicants in developing realistic financial projections for their business plan, including funding requirements and revenue forecasts.


Application stage:


  • Online application assistance: Guide applicants through the online application process, ensuring all sections are filled correctly and supporting documents are uploaded properly.

  • Mock interviews: Conduct mock interviews to help applicants prepare for the MTEP selection committee interview, providing feedback on their presentation skills and responses to potential questions.

  • Visa application support: Offer guidance and resources for navigating the visa application process after receiving MTEP approval, including necessary documents and timeline expectations.


Additional resources:


  • Bestar MY can develop and share informative resources for potential applicants, such as guides on the application process, eligibility criteria, and FAQs.

  • Partnering with MDEC and other relevant organizations can provide access to official MTEP resources and updates.


By actively supporting applicants throughout the MTEP application and onboarding process, Bestar MY can significantly increase the success rate of individuals seeking to leverage this program and contribute to the growth of the Malaysian startup ecosystem.


Contact Bestar today!


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