Business Start-Up Fund (BSF)

Name of Fund Business Start-Up Fund (BSF)
Ministry Ministry of Science, Technology and Innovation (MOSTI)
Agency Malaysian Technology Development Corporation Sdn Bhd (MTDC)
Sector 1. Agriculture and Forestry
2. Biotechnology
3. Engineering and Technology
4. Information, Computer and Communication Technology (ICT)
5. Medical and Health Sciences
6. Natural Sciences
Sub Sector 1. Agricultural Sciences and Technology, Animal and Avian Production, Aquaculture, Forest Production and Forest Products, Forestry Sciences and Technology, Plantation Crops and Commodities, Soil and Water Management, Production Techniques, Productivity, Production & Processing, Agro Chemicals, Irrigation, Management Techniques, Propagation Techniques, Processing and Manufacturing, Animal Conservation, Forest Protection
2. Food Biotechnology, Industrial and Environmental Biotechnology, Molecular biology
3. Civil Engineering, Chemical Engineering, Construction Engineering, Electrical and Electronic Engineering, Mechanical Engineering, Nanotechnology
4. Communication, Cybersecurity
5. Medical and Healthcare, Pharmacy, Optometry, Dentistry, Nursing, Allied Health
6. Biodiversity, Bioinformatics, Water Security, Pollution, Conservation, Rehabilitation
Fund Objective • To support and encourage entrepreneurship and creation of new strategic businesses that are important, and potentially scalable; and
• The funding of supporting companies within a technology eco-system.
Description Scope • A seed funding of technology-based start ups
• Maximum funding is RM5 Million or 90% of total eligible cost, whichever is lower
• RCCPS with fixed interest rate of 3.5%
• Maximum tenure is 8 years inclusive of 3 years of grace period (repayment shall commence on the 1st month of the 4th year on mothly basis over 5 years
• Activities covered are OPEX & CAPEX excluding purchase of land & purchase of building
Quantum Of Funding RM 5 Million
Phase Commercialisation
Eligibility • Spin-off company incorporated under the Companies Act 1965;
• Minimum 70% owned by a Malaysian entrepreneur or group of entrepreneurs;
• The proposed technology to be commercialised must be from one of the Priority Technology Clusters;
• The product must be significant in novelty/innovation
Telephone No 03-21726000
Tags Start-Up, Commercialisation, RCCPS