Sometime during the second half of year 2021, Malaysian Bioeconomy Development Corporation (Bioeconomy Corporation) will be launching two distinctive types of funding programmes under RMKe-12, the first being an equity funding programme and the second, a dynamic debt financing programme for a wider scope of target audience.
For the proposed equity funding programme, Bioeconomy Corporation will not only provide financial assistance but also technical, networking, marketing and promotions, as well as human capital development and recruitment assistance where applicable and available. In other words, Bioeconomy Corporation will provide both funds and management assistance to a certain extent as what would be sought from a business partner, save for partaking in any guarantees obliged by the equity funding programme recipient to third parties.
For the upcoming debt financing programme, the pricing, principal grace period, repayment tenure, and utilisation of financing proceeds have been revised and relaxed to accommodate a wider purpose of applicable debt financing requirements including viable initial commercialisation initiatives, working capital financing for existing operations, as well as capital expansion requirements ranging from the purchase of used machineries to acquisition of business properties.
It must be noted that the eligibility criteria for both funding programmes are no longer limited to Malaysian Controlled Companies.
Due to limited funds availability vis-à-vis yearly government allocation, the “Registration of Interest” is an invitation to register your company as well as schedule its potential submission application for the above funding programmes when available.
If your company is interested, please have the AUTHORISED COMPANY REPRESENTATIVE proceed with the registration here.