Business Start-Up Fund (BSF)

MTDC's Business Start-Up Fund (BSF) is the corporation's early-stage financing route for Malaysian technology companies. It sits below BGF in the capital stack and uses convertible funding rather than a pure grant. The fund offers up to RM5 million or 90 percent of total project costs, whichever is lower, through an interest-free Convertible Promissory Note that can convert to Redeemable Convertible Preference Shares or Preference Shares. The term includes an 18-month grace period followed by a five-year repayment period. BSF is built for founders who need first institutional capital and can accept a structured repayment path. Eligible companies are Malaysian-registered, for-profit, and at least 51 percent Malaysian-owned, which makes the route most relevant to locally controlled technology businesses with a defined commercialization plan. The blend of a grace period and conversion optionality suits teams that have a credible route to revenue but still need patience before cash flow stabilizes in practice.

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