Business Growth Fund (BGF)

Business Growth Fund (BGF) focuses specifically on supporting and providing follow-on funding to successful grant recipient companies. The fund provides hybrid grant-equity funding which acts as a transition and a bridge from grant to venture capital (VC) financing. The financial assistant is a mix of two components – a grant portion and an equity portion that is similarly structured but more flexible than a VC financing.

The grant portion is to be disbursed to finance the tail end of the Technology Development Phase; while the equity portion is disbursed only upon the fulfilment of the grant milestone and upon starting of the initial phase of the business building phase.

Target Group Technology companies with high growth potential. Eligibility Criteria – Technology-based company with a minimum of 75% Malaysian ownership; – The company has achieved minimum revenue of RM1.5m and also be profitable in the recent financial year end. Quantum of Funding Maximum of up to RM10.0 million Funding Period 5 years Funding Instrument Equity funding via Redeemable Convertible Preference Shares (RCPS)