MTDC announces new business growth fund

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The Malaysian Technology Development Corps, founded in 1992 to promote venture capitalism in the country’s technology and innovation industries, has announced a new fund called the Business Growth Fund to support “high technology companies which had successfully [commercialized] their research findings and technology products,” according to CEO Norhalim Yunus.  The fund will offer about 30 companies an estimated RM150 million.

The fund will have two functions, that of partial grant funding and equity participation in the ventures.  Partial grant receivers are eligible for up to 25% total funding or RM1 million.  Companies receiving full equity participation are eligible for up to 75% total funding or RM3 million.  The announcement of the Business Growth Fund comes after the success of the Business Start-Up Fund launched earlier this year.

 

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Reading Time: 1 minute

The Malaysian Technology Development Corps, founded in 1992 to promote venture capitalism in the country’s technology and innovation industries, has announced a new fund called the Business Growth Fund to support “high technology companies which had successfully [commercialized] their research findings and technology products,” according to CEO Norhalim Yunus.  The fund will offer about 30 companies an estimated RM150 million.

Reading Time: 1 minute

The Malaysian Technology Development Corps, founded in 1992 to promote venture capitalism in the country’s technology and innovation industries, has announced a new fund called the Business Growth Fund to support “high technology companies which had successfully [commercialized] their research findings and technology products,” according to CEO Norhalim Yunus.  The fund will offer about 30 companies an estimated RM150 million.

The fund will have two functions, that of partial grant funding and equity participation in the ventures.  Partial grant receivers are eligible for up to 25% total funding or RM1 million.  Companies receiving full equity participation are eligible for up to 75% total funding or RM3 million.  The announcement of the Business Growth Fund comes after the success of the Business Start-Up Fund launched earlier this year.

 

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