Business Growth Fund (BGF)
Introduction
- The Business Growth Fund (BGF) focuses specifically on supporting and providing follow-on funding to successful grant recipient companies
- The financial assistant is a mix of two components – a grant portion and an equity portion that is similarly structured but more flexible than a venture capital (VC) financing
Objectives
- Accelerate the development of local high technology companies by providing business funding to qualified growth companies
- Build enough “commercial” value in the company to make companies attractive for follow-on financing by VCs & other financing institutions
Financing type
EquityFinancing tenure
5 years
Financing amount (max)
Up to RM 10 million by way of RCPS
Funding Instrument
Redeemable Convertible Preference Share (RCPS)
Purpose of Financing
Eligibility criteria
- The company is incorporated under the Companies Act 1965;
- Technology-based company with a minimum of 75% Malaysian ownership;
- The company has achieved minimum revenue of RM1.5 million and also be profitable in the recent financial year end;
- The product / service must be significant in novelty / innovation
Application procedure
Applicants can submit their application during office hours to MTDC. Applicants are advised to ensure that the submission has all the required supporting documents
For further information
Idjarmizuan Ibrahim
Senior Vice President
Fund Management Division
Tel: 03-2172 6000
Email: idjarmizuan@mtdc.com.my
Mohd Jerry Tan Mohd Safi
Vice President
Processing of BSF & BGF
Tel: 03-2172 6000
Email: jerry@mtdc.com.my
Malaysian Technology Development Corporation (MTDC)
Level G, Menara Yayasan Tun Razak,
Jalan Bukit Bintang,
55100 Kuala Lumpur