Business Expansion Fund (BEF)

Objectives

Accelerate the expansion of Bumiputera technology-based companies, especially in developing international markets, by providing financial assistance to qualifies companies. It aims to create a group of icons of internationally successful Bumiputera companies

Financing type
Equity
Financing rate

The company will be required to redeem the investment amount together with IRR of 10% at the end of fifth year or at a time the applicant decided to redeem the Redeemable Convertible Preference Shares (RCPS)

Financing tenure

5 years

Financing amount (max)
  • Local expansion: RM 10 million
  • International expansion: RM 15 million
Funding Instrument

Redeemable Convertible Preference Share (RCPS)

Purpose of Financing
Working Capital
CAPEX
Eligibility criteria
  • The company is incorporated under the Companies Act 1965
  • Direct shareholdings of at least 60% Bumiputera individual(s) and not more than 30% corporate shareholders; or indirect shareholdings of at least 51% effective Bumiputera individual shareholdings which applies up to second level shareholdings only
  • The company must be at least 51% Malaysian-owned
  • Must generate revenue of RM 5million (at least 1 of the last 3 audited accounts) from normal operation
  • Has been in operation for at least 3 years
  • Company with element of technology
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

Shaharul'Azam Bin Salleh
Senior Vice President
Bumiputera Expansion Fund Department
Tel: +603 2172 6000
Email: shaharulazam@mtdc.com.my


Malaysian Technology Development Corporation (MTDC)
Level G, Menara Yayasan Tun Razak,
Jalan Bukit Bintang,
55100 Kuala Lumpur