|
|
|
|
November 17, 2025 -Monday |
|
|
|
 |
| |
|
|
MTDC START-UP SCALE-UP : WELCOMING NEW RECIPIENTS TO THE ECO-SYSTEM
Tuesday 13/12/2016
Members of the media are cordially invited to the "MTDC Start-Up Scale-Up : Welcoming New Recipients to the Eco-System" which will be held as follows:
Day/Date : Wednesday 14 December 2016
Time : 1.00 pm - 3.00 pm
Venue : Malaysian Technology Development Corporation Sdn Bhd
Ground Floor, Menara Yayasan Tun Razak
Jalan Bukit Bintang
55100 Kuala Lumpur
PROGRAMME
1.00pm : Arrival of Media & Guests
1.30pm : Welcoming Speech by MTDC CEO, Dato’ Norhalim Yunus
1.45pm : Mock Cheque Presentation Ceremony to the Recipient Companies
2.00pm : Company Briefing by Fund Recipient Companies
2.30pm : Press Conference
3.00pm : Programme Ends
About MTDC
MTDC is a wholly-owned subsidiary of Khazanah Nasional Berhad and has been the key player in commercialisation and management of government funding since the 7th Malaysia Plan.
The company was set-up in 1992 to promote the adoption of technologies by local companies via commercialisation of local R&D or acquisition of foreign technologies. Since then, MTDC has been a key player in commercialisation and management of Government funds. Currently, MTDC manages six funds amounting to RM 1.8 billion, specifically the Commercialisation of R&D Fund (CRDF), Technology Acquisition Fund (TAF), Halal Technology Development Fund (HTDF), Business Start-Up Fund (BSF), Business Growth Fund (BGF) and Business Expansion Fund (BEF).
Besides fund management, MTDC also provides an integrated support services for technopreneurs which includes advisory services such as mentoring, soft-landing, branding, fund raising, international collaboration and networking. MTDC’s commercialisation ecosystem has provided funding and assistance to over 500 technology-based companies that are involved in a wide range of activities ranging from the agricultural sector to ICT.
In the 9th Malaysia Plan (9MP) and 10th Malaysia Plan (10MP) alone, companies that were recipients of MTDC’s Commercialisation of Research and Development Fund (CRDF) and Technology Acquisition Fund (TAF) generated a total of RM1.974 billion in sales and contributed towards the creation of 5,261 new jobs and a total of 465 Intellectual Property Rights were filed.
About MTDC Business Start-up Fund (BSF)
Business Start-up Fund (BSF) was established to fund new start-up technology-based companies. The Fund incorporates elements of loan and equity, offering companies flexible funding via Convertible Notes (CN) and/or Preference Shares.
The objectives of BSF are to support and encourage entrepreneurship; creation of new strategic businesses that are important and potentially scalable; and funding of supporting companies within a technology eco-system.
Target Group
Viable and scalable technology companies.
Eligibility Criteria to apply
Technology-based start-up businesses with a minimum of 70% Malaysian ownership.
Quantum of Funding
Maximum of up to RM5.0 million or 90% of the total project cost, whichever is lower.
Funding Period
8 years, inclusive of 3 years payment-free period and 5 years repayment period
Funding Instrument
Flexible funding via Convertible Promissory Notes (CPN) at 3.5% interest with an option to convert to Redeemable Convertible Cumulative Preference Shares (RCCPS).
You are cordially invited to send your reporter and photographer/cameraman to cover the event.
SOURCE : Malaysian Technology Development Corporation Sdn Bhd (MTDC)
FOR MORE INFORMATION, PLEASE CONTACT:
Name : Alvirah Mohd Natt
Tel : 017 212 2802
Email : alvirah@mtdc.com.my
Name : Nur Shazwani Roslan
Tel : 017 2941169
Email : shazwani@mtdc.com.my
-BERNAMA
|
|
|
|
|
|
