DEVELOPMENTAL FUND

DANA UJIBELI MySTI

OVERVIEW

Business Start-up Fund (BSF) is established to fund early stage 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 early stage 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.

“Early Stage 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.”

BASIC ELIGIBILITY

  • The company is incorporated under the Companies Act 2016.
  • Technology based start-up businesses with a minimum of 51% Malaysian ownership.

PROCESSING AND MONITORING FEE

  • The company is incorporated under the Companies Act 2016.
  • Technology based start-up businesses with a minimum of 51% Malaysian ownership.

Funding Quantum

  • Comprise 18 months grace period and 5 years repayment period.

Funding Period

  • Flexible funding via interest free Convertible Promissory Notes (CPN) or Preference Shares. The CPN is with an option to convert to Redeemable Convertible Preference Shares (RCPS).

Funding Instrument

  • Processing fee of RM3,500 is chargeable
  • Monitoring fee of 6.5% of the funding amount is chargeable (the amount will form part of the total funding amount).