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Business Start-Up Fund (BSF)

Business Start-Up Fund (BSF)

Funds early-stage Malaysian technology companies with interest-free convertible notes and a grace period before repayment.

OpenMalaysian Technology Development CorporationMalaysia
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About

The Business Start-Up Fund (BSF) is an early-stage financing programme administered by the Malaysian Technology Development Corporation (MTDC) that provides flexible convertible instruments to technology-based Malaysian companies raising their first institutional capital. The maximum investment is RM 5 million or 90 percent of total project costs, whichever is lower. The primary instrument is an i…

What this grant funds

Interest-free convertible notes up to RM 5 million (or 90% of project costs) for early-stage Malaysian technology companies, with an 18-month grace period before a five-year repayment term.

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.Convertible
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