Pursuant to the decision of the Biotechnology Implementation Council meeting held on 30 October 2012, we are pleased to announce the enhanced Biotechnology Commercialisation Fund (BCF) program under the Tenth Malaysia Plan (10MP).

In order to further encourage commercialisation within the BioNexus program, we would like to announce that the BCF program previously based on a full loan scheme will now be partly converted into a grant scheme. As a result, the enhanced scheme will have a grant component subject to a maximum of one third of the facility while the balance remains as loan which will be subjected to the existing guidelines as announced earlier. Further information on the conditions of the grant will be provided in the near future.