Business Growth Fund (BGF)

MTDC's Business Growth Fund (BGF) is the corporation's growth-stage equity arm, designed for Malaysian technology SMEs that are already past the first revenue hurdle. It is not a grant program; the record describes it as an equity investment route using Redeemable Convertible Preference Shares. BGF offers up to RM10 million and targets companies that have exceeded RM1.5 million in revenue and are not operating at a loss. The program is structured for a five-year horizon and is aimed at expansion of production capacity, market penetration, and corporate governance. Applicants should read BGF as capital for scale, not subsidy. The strongest fit is a technology company with operating revenue, a credible growth plan, and a need for patient equity rather than short-term project funding, with applications handled through MTDC's pitching process. Because it is equity, applicants are trading dilution for balance-sheet strength, and the capital is better suited to production expansion, commercial traction, and governance upgrades than to one-off project costs.

Each grant below is a distinct funding opportunity with its own eligibility, scope, and deliverables.