| |
The objectives are:-
| i. |
To fund seed or start-up costs
in setting up biotech companies. |
| ii. |
To assist towards the development
and commercialisation of biotechnology projects
and R&D findings of priority and core
areas, in particular projects and findings
that are central to achieving the objectives
of the National Biotechnology Policy. |
| |
|
|
| B. |
Who Should Apply?
| i. |
Individuals and researchers
who are in the early stage of setting up companies
(approval is subject to the company being
granted the BioNexus Status); and |
| ii. |
Start-up companies. |
| |
|
|
| C. |
Eligibility Criteria
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 of, or beneficial use of, any intellectual property necessary to commercialise the innovation; |
| v. |
The innovation has commercial potential; and |
| vi. |
The majority of the applicant’s business activities, employees or assets must be within Malaysia or transferred to Malaysia within reasonable period. |
|
| D. |
When to Apply?
Applications should only be submitted once applicants
have a viable and proven concept that is within
Malaysia’s Biotechnology Focus
Areas for development and commercialisation. |
| E. |
Quantum and Mode of Funding
The maximum funding per company is RM2.5 million.
The grant shall be disbursed based on approved budget
and made out at the beginning of each agreed milestones.
The grant shall be utilized within 2 years from
the date of approval. |
| F. |
Expenditure Covered By Seed Fund
The funding shall cover expenditure relating
to the setting up of a biotechnology company which includes:
| i. |
Recruitment of interim professional
management; |
| ii. |
Initial market development efforts; |
| iii. |
IP filing and registration; |
| iv. |
Market and feasibility studies; |
| v. |
Preparation of further investment documentations; |
| vi. |
Malaysian compliance and regulatory costs; |
| vii. |
Prototyping costs |
| |
|
|
| G. |
How to Apply?
Applicants shall submit the following:-
| • |
Duly completed Seed Fund Application
Form |
| • |
Detailed project proposal or business plan |
| • |
CV of key management team |
| • |
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 Seed Fund; |
| • |
Monitor the progress of the
setting up of biotech companies and the development
and commercialisation of the company's products
and/or services; and |
| • |
Continually assist/advice the companies
in their initiatives. |
| |
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