Business Startup Fund
Funding for Startup Companies
BSF Introduction
Business Start-up Fund (BSF) is established to fund new start-up technology-based companies. The Fund incorporates elements of loan and equity, offering companies flexible funding via Convertible Promissory Notes (CPN) and/or Preference Shares.
BSF is designed to provide funding to scalable and viable technology based start-up companies with the objective to remove the financial blockages in achieving the business goals and matching the business standard and high level of competition, particularly in the growth sectors of the economy.
“Start-up Financing is not just about raising funds, it is a holistic process that involves the development of dynamic business planning with feasible growth targets and quantifying the potential exit return for high-risk investor.”
– Mohd Jerry Tan, Vice President
Eligibility Criteria
The company is incorporated under the Companies Act 2016;
Technology based start-up businesses with a minimum of 70% Malaysian ownership
Maximum of of up to RM5.0 million or 90% of the total project cost, whichever is lower.
6.5 years, inclusive of 18 months payment-free period and 5 years repayment period
Flexible funding via Convertible Promissory Notes (CPN) at 3.5% interest with an option to convert to Redeemable Convertible Preference Shares (RCPS).
There is a processing fee of RM3,500 payable to Malaysian Technology Development Corporation Sdn Bhd per application and submitted together with the required documents.
BSF Recipients
We are proud of the achievement of our companies
RMK-10
0
Companies
RMK-11
0
Companies