A. |
Objective
The objective of the programme is to nurture bio-entrepreneurs and relevant support service providers to set up or expand operations in Malaysia.
Activities that may be eligible for financial support include attendance of an entrepreneur development programme (locally or overseas), receipt of advisory or mentoring services, or interim management provision for newly formed companies. |
| B. |
Who Should Apply?
i. |
Companies engaged in life sciences, or relevant support service providers; |
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Individual researchers; or |
| iii. |
Bio-entrepreneurs; |
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intending to set up or expand operations in Biotech Corp’s focus areas, and who require mentoring assistance. |
| C. |
Eligibility Criteria
i) |
Company applicants
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Small- or medium-sized company (based on MIDA definition) |
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Incorporated in Malaysia |
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Core business operations conducted in Malaysia |
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Life sciences-related business or support service provider in one of Biotech Corp’s focus areas |
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Possesses a viable business concept acceptable to Biotech Corp |
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| ii) |
Individual applicants
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Suitably qualified Malaysian citizen (citizens of other countries may be considered on a case-by-case basis) |
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Intends to venture into a life sciences-related business in one of Biotech Corp’s focus areas |
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Possesses a viable business concept acceptable to Biotech Corp |
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Has the consent of their current organisation (if applicable) |
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* - Applications will be subject to Biotech Corp’s acceptance and all decisions are final. |
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| D. |
When to Apply?
Applications should only be submitted once applicants have developed viable business concepts that could lead to the commercialisation of life science-related products or services. |
| E. |
Mentoring Coverage
Upon acceptance into the Mentoring Programme, the coverage given will be agreed between Biotech Corp, the mentee and the mentor(s). Biotech Corp retains the right to reject candidates should it prove impossible to agree upon a suitable programme of activities.
Typically, the programme will take the following form:
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Standard or customised educational or mentoring activities |
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Seminars and/or workshops conducted by industry professionals, which may include but are not limited to:
o Funding mechanisms
o Cash flow/financial management
o Corporate governance
o Licensing strategies
o Legal and regulatory issues
o Competitive intelligence
o Ethical issues |
All individuals or companies accepted into the Mentoring Programme will be subject to rigorous periodic progress review. |
| F. |
Level of Funding
The amount of funding given will be determined on a case-by-case basis. |
| G. |
How to Apply?
Applicants must submit the following:
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Duly completed Mentoring Programme Application Form |
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CV of individual or of company directors |
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Relevant company details (ie, relevant statutory forms, if applicable) |
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Audited financial accounts (if applicable) |
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Detailed business concept |
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Letter of Consent from applicant’s organisation (if applicable) |
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All application shall be addressed to:
Malaysian Biotechnology Corporation Sdn Bhd
Client Support Services Division – People Services
Level 22, Menara Naluri
161, Jalan Ampang
50450 Kuala Lumpur
Tel : 603-2116 8585
Fax : 603-2116 5432
Email : cssd@biotechcorp.com.my
URL : www.biotechcorp.com.my |
| H. |
Biotech Corp’s Roles
Biotech Corp will:-
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Receive, review and approve/reject applications for the programme; |
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Monitor the progress of mentees; and |
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Endeavour to continually improve and develop the programme. |
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