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Introduction – 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 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.

FOCUS AREA

  • INDUSTRIAL TECHNOLOGY
  • BIOTECHNOLOGY
  • SEA TO SPACE
  • SCIENCE &TECHNOLOGY CORE
  • INFORMATION COMMUNICATIONS & TECHNOLOGY

Target Group

Viable and scalable technology companies with high novelty or innovative products.

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.

Funding Period

8 years, inclusive of 3 years payment-free period and 5 years repayment period

Funding Instrument 

Flexible funding via Convertible Promissory Notes (CPN) at 3.5% interest with an option to convert to Redeemable Convertible Cumulative Preference Shares (RCCPS).

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