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?
Easier & Quicker Disbursements
Quick Assessment Process
No Additional Costs & Legal Fees*
Simplified Application Process
Alleviate short-term cash flow and funding problems faced by Technology Start-ups
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.