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Commercialisation Grants-Seed Funds

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Objective
To finance start-up costs in setting up biotech companies and assist towards the development and commercialisation of biotechnology projects in line with the objectives of the National Biotechnology Policy.

Maximum financing : RM2.5 million to be disbursed within 2 years

Participating financial institutions / Implementing Ministry / Agency
MBC

Eligibility criteria

  • Individuals, researchers and start-up companies who are in the early stage of setting up companies that has been granted the BioNexus status
  • The applicant must have ownership or beneficial use, of any intellectual property necessary to commercialise the innovation
  • The innovation has commercial potential
  • The applicant's business must be located in Malaysia and within Malaysia's Biotechnology Focus Areas

Purpose of financing

  • Recruitment of interim professional management
  • Initial market development efforts
  • IP filing and registration
  • Market and feasibility studies
  • Preparation of further investment documentations
  • Malaysian compliance and regulatory costs
  • Prototyping costs

Application procedure
Application to be submitted to MBC

Contact
Malaysian Biotechnology Corporation
Level 23, Menara Naluri
161 Jalan Ampang
50450 Kuala Lumpur
Tel : 03-2116 5588
Fax : 03-2116 5411
Website : www.biotechcorp.com.my

 
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