Business Start-Up Fund (BSF)

  • To fund new start-up technology-based companies to commercialise their products and / or services
  • To support and encourage entrepreneurship
  • To create new technology-based businesses, particularly in the growth sectors of the economy
Financing type
Financing rate
  • 3.5%
Financing tenure

6.5 years inclusive of 18 months grace period and 5 years repayment period

Financing amount (max)

Up to RM5 million or 90% of the total project cost

Funding Instrument

Convertible Promissory Note (CPN)

Purpose of Financing
Working Capital
Eligibility criteria
  • The company is incorporated under the Companies Act 1965
  • The company must be at least 70% owned by a Malaysian
  • The product / services 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