Objective


To cushion the impact brought forward by the COVID-19 outbreak, MDV with support from Ministry of Science Technology & Innovation and Ministry of Finance is offering up to RM100 million allocation for the Technology Start-ups Funding Relief Facility (TSFRF) aimed at Technology Start-ups that are currently impacted by the currently adverse market and economic conditions and funding disruptions. TSFRF aims to provide immediate and targeted cash flow support for VCs or Government agency-backed technology start-ups to sustain their business operations. TSFRF will be available from May 2020 onwards.

 

Why Technology Start-Ups Funding Relief Facilities?



 

Key Features


Alleviate short-term cash flow and funding problems faced by Technology Start-ups


Purpose of Financing: Working Capital & Business Expansion



Facility Type: Cashline with semi-annual roll-over



Financing Rate: Up to 3.50% p.a.



Financing Tenure: Up to five (5) years subject to annual review



Financing Limit: Up to RM2.5million.



Warrant Cover: Up to 10% of financing limit at last funding round equity price



Security*: Personal guarantee and debenture



Fees & Cost*: No additional fees and costs. Legal fees can be drawn down from the facility

 

Company Eligibility


Malaysian Technology Start-ups backed by venture capital companies and government agencies. Additionally, Technology Start-ups within portfolio of government agencies will be given priority; and

Majority owned by Malaysian or majority of the staff are Malaysians or majority of revenue generated in Malaysia.

 

Application Process


TSFRF-Process-Flow

Need a quick help
or have questions?

To understand the product further, please contact our Business and Venture Finance Teams:


Amalina:
aamalina@mdv.com.my


Azlina:
azlina@mdv.com.my


Jairi:
mnjairi@mdv.com.my


Rafiuddin:
mrafiuddin@mdv.com.my

Zainon:
rzainon@mdv.com.my


Nell:
nurazah@mdv.com.my


Philip:
leongsy@mdv.com.my