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 Notes (CN) and/or Preference Shares.
The objectives of BSF are to support and encourage entrepreneurship; creation of new strategic businesses that are important and potentially scalable; and funding of supporting companies within a technology eco-system.
- INDUSTRIAL TECHNOLOGY
- SEA TO SPACE
- SCIENCE &TECHNOLOGY CORE
- INFORMATION COMMUNICATIONS & TECHNOLOGY
Viable and scalable companies with novel or innovative technology-based products or services
Eligibility Criteria to apply
– Technology-based start-up businesses with a minimum of 70% Malaysian ownership;
Quantum of Funding
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 Cumulative Preference Shares (RCCPS).