| |
The objective of this fund is to promote the expansion
of BioNexus Status Companies into the global market.
|
| B. |
Who Should Apply?
BioNexus Status Companies that are involved in Malaysia’s
Biotechnology Focus
Areas |
| C. |
Eligibility Criteria
To be eligible to apply for the Fund, applicants must
meet the following criteria:
| i. |
BioNexus Status companies; |
| ii. |
Within BiotechCorp’s Focus
Areas; |
| iii. |
Majority owned Malaysian companies; |
| iv. |
The applicant must have ownership or intellectual property of the product; |
| v. |
The developed product has export potential for countries as per their submitted proposal; |
| vi. |
The company’s products have been internationally benchmarked; and; |
| vii. |
The potential market value or distribution network for the proposed product has been evaluated. |
|
| D. |
When to Apply?
Applications should only be submitted once applicants
have concrete implementation plans for international
business development. |
| E. |
Quantum and Mode of Funding
The maximum funding per project is RM1.25 million.
The grant is a matching grant, hence, BiotechCorp
would match “dollar-for-dollar” spent
on the project up to the approved grant and based
on the agreed milestones. The grant shall be disbursed
upon actual claims.
The maximum disbursement period is 4 years from the date of approval. |
| F. |
Expenditure Covered by International Business Development Fund
The funding shall cover expenditure in
relation to a particular business development within
Malaysia’s Biotechnology Focus
Areas and has been or will be incurred on:-
| i. |
Country pre-clinical and clinical
trial expenditures; |
| ii. |
Product registration costs; |
| iii. |
IP protection in other jurisdictions. |
| |
|
|
| G. |
How to Apply?
Applicants shall submit the following:-
| • |
Duly completed International
Business Development Matching Fund |
| • |
Detailed project proposal or business plan |
| • |
CV of key management/relevant individuals
involved in the project or proposal (including
business partners) |
| • |
Copies of Form 9, Form 24, Form 49, Form
44 |
| • |
Certificate of Charter/Statute or Memorandum
& Article of Association or a similar
instrument defining its constitution |
| • |
Corporate investor audited accounts (if
any) |
| • |
Audited financial statement or latest management
account statement |
| |
|
|
| |
All applications shall be addressed to:
| |
Malaysian Biotechnology
Corporation Sdn Bhd
Client Support Services Division –
Evaluation & Funding
Level 21, 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. |
BiotechCorp’s Roles
BiotechCorp will:-
| • |
Receive, review and approve
applications for the International Business
Development Matching Fund |
| • |
Monitor the progress of projects
and milestones; and |
| • |
Continually assist/advice the companies
in their initiatives. |
| |
|
|
