Business Growth Fund (BGF)

  • 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
  • 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
Financing 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
Working Capital
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

Mohd Jerry Tan Mohd Safi
Vice President
Processing of BSF & BGF
Tel: 03-2172 6000

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