“To bridge the financing gap between the early stage of commercialisation and venture capital financing for high tech products, the Government will set up a Business Growth Fund with an initial allocation of 150 million ringgit. The aim of this fund is to support these companies until they can generate sufficient commercial value to attract venture capital financing and other forms of financing.”
– DATO’ SRI MOHD. NAJIB BIN TUN ABDUL RAZAK introducing the motion to table the tenth Malaysia Plan to the Dewan Rakyat on 10 JUNE, 2010.
Technology companies with high growth potential.
– Technology-based company with a minimum of 75% Malaysian ownership;
– The company has achieved minimum revenue of RM1.5m and also be profitable in the recent financial year end.
Quantum of Funding
Maximum of up to RM10.0 million
Equity funding via Redeemable Convertible Preference Shares (RCPS)