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Application Checklist – BSF

BSF Application Checklist

Listed below are all of the information/documents/forms that need to be included in the application package. Download the PDF version:  BSF Application Checklist

A. BASIC ELIGIBILITY CRITERIA: –

  1. Company Incorporated Under the Companies Act 1965
  2. Individual Malaysian Equity (not less than 70%)

B. TECHNOLOGY STATUS

  1. R&D has been completed successfully
  2. Commercialisation-ready prototype is available
  3. Proposed Technology is from one of Priority Technology Clusters
  4. The proposed products is tangible in nature

 

C. DOCUMENTS

  1. Signed BSF Application Form (Download)
  2. Business Plan (Softcopy & Hardcopy)
  3. Financial Statement (Certified True Copy by Company Secretary)

(a) Last Three (3) Years Audited Account

(b) Latest Management Account – If applicable

4. Financial Projection (Hard copy & Softcopy)

(a) Cash flow projection for 8 years and monthly projection for the first 24 months.

(b) Profit & Loss and Balance Sheet Projection (8 years)

(c) IRR and ROI

(d) Proposed project milestone and disbursement amount.

  1. CV of Shareholders
  2. CV of Directors
  3. CV Management Team
  4. CV of Technical Team
  5. Itemised Costing on the Proposal Project (With details project cost)
  6. Quotations (Mandatory and must Certified True Copy)

– On all costs applied

– 3 quotation for core items such as machines/equipment above RM100,000 per item

Supporting Documents (Certified True Copy by Company Secretary)       

  1. Form 9 Memorandum and Articles of Association
  2. Form 11 Notice of Resolution – if applicable
  3. Form 24 Return of Allotment of Shares – Shareholders
  4. Form 44 Registered Address
  5. Form 49 Particulars of Directors
  6. Manufacturing License from MITI (if applicable)
  7. Pioneer Status from MIDA (if applicable)
  8. Business License from the relevant Authorities
  9. Original Copy of Company Profile from Companies Commission of Malaysia(CCM)
  10. Certified True Copy of all the Supporting Documents
  11. Latest 3 months’ bank statements.
  12. IP Registration (If applicable)
  13. Licensing Agreement (If applicable)
  14. Product testing & certification

 Statutory Declaration

  1. Company Incorporated Under the Companies Act 1965
  2. Individual Malaysian Equity (not less than 70%)
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