Bussines Start-Up Fund

Target Group

  • Entrepreneur with feasible tech-based businesses;
  • Business that can be up-scaled, with high growth potential and sustainable.

Basic Eligibility Criteria

  • Spin-off company incorporated under the Companies Act 1965;
  • Minimum 70% owned by a Malaysian entrepreneur or group of entrepreneurs;
  • The proposed technology to be commercialised must be from one of the Priority Technology Clusters;
  • The product must be significant in novelty/innovation.

Funding Structure

  • Flexible funding via Convertible Notes (CN) and/or Preference Shares at a maximum of RM5.0 million or 90% of the recognised project cost or whichever is lower.
  • CN repayment period from the first month of 4th year on monthly basis over 5 year period.

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