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Business Growth Fund (BGF)

Business Growth Fund (BGF)

Invests in growth-stage Malaysian technology companies through convertible preference equity to support expansion capital needs.

OpenMalaysian Technology Development CorporationMalaysia
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About

The Business Growth Fund (BGF) is an equity investment programme administered by the Malaysian Technology Development Corporation (MTDC), a government-linked technology investment company. BGF targets technology-based Malaysian companies at the growth stage — defined as companies that have already surpassed RM 1.5 million in annual revenue and are not operating at a loss. The maximum investment pe…

What this grant funds

Equity investment via Redeemable Convertible Preference Shares, up to RM 10 million over five years, for revenue-positive Malaysian technology companies seeking growth-stage capital.

Key facts
CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Rolling
Next deadlineiThe next date applications are due. Rolling means you can apply any time.Rolling
Decision timeiTypical time from the deadline to the funder's decision.—
Project durationiHow long the funded work is expected to run.—
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Equity
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.0%
Funding pooliThe total budget available across all awards in this round.—
Funding analytics

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Eligibility criteria

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Application process

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Last verified: 22 Jul 2026Source: www.mtdc.com.my