Bioeconomy Corporation is governed by the Biotechnology Implementation Council and advised by the Biotechnology International Advisory Panel, both chaired by the Prime Minister of Malaysia.
The objective of the establishment of Bioeconomy Corporation amongst others is to identify value propositions in both R&D and commerce and support these ventures via financial assistance and developmental services.
It is also in charged of rolling out Malaysia's biotechnology initiatives and is the central contact point in providing support, facilitation and advisory services for biotech and life sciences companies in Malaysia.
Initially incorporated in 2005 as Malaysian Biotechnology Corporation Sdn. Bhd. (BiotechCorp).
In April 2013, BiotechCorp set up a satellite office in Penang to expand its presence in the Northern Region. The Office is the liaison center for local companies interested in obtaining grants and incentives for the biotechnology industry.
In August 2013, BiotechCorp set up another satellite office in Kuantan, Pahang to streamline coordination and implementation of initiatives under bioeconomy and investment-related projects in the East Cost Region.
In June 2015, BiotechCorp established its first flagship overseas office, BiotechCorp International Inc. in San Francisco, USA. It is the contact point for bio-based and biotechnology sectors in the USA providing Malaysian and US bio-based companies the necessary support for business development activities in bringing in foreign direct investments.
On June 18, 2016, Malaysian Biotechnology Corporation Sdn. Bhd. (BiotechCorp) was renamed Malaysian Bioeconomy Development Corporation Sdn. Bhd. (Bioeconomy Corporation) and expanding its roles and functions of uplifting and upholding the strategies and programmes of Malaysia's bioeconomy agenda.
The Malaysian Bioeconomy Development Corporation Sdn. Bhd. (Bioeconomy Corporation) official website features:
National Biotechnology Policy: BIO-IAP, Demographics, Facts and Figures
Investing in Bioeconomy: Opportunities, Investment Corridors, Bioeconomy Contribution Index
Bioeconomy Transformation Programme (BTP) and Bioeconomy Community Development Programme (BCDP): Opportunities, Entry Point Projects, BCDP Projects, How to Apply, Resources
BioNexus Status: Opportunities, How to Apply, Advisory Services, BioNexus Status Companies, BioNexus Online Submission System
BioNexus SME Development: BioShoppe, Biotechnology Commercialisation Fund
Services and Technologies: Bio-Laboratory Services, Space and Equipment Rental, Technical Training, Products, Technologies and Gant and Funding Facilitation
Screenshot of Bioeconomy Corporation
Malaysian Bioeconomy Development Corporation Sdn. Bhd.
Level 16, Menara Atlan
161B Jalan Ampang
50450 Kuala Lumpur
Northern Corridor Office:
Biotech Centre Korridor Utara
1114, Jalan Perusahaan, Bukit Minyak 18
Penang Science Park
14100 Simpang Ampat
Eastern Corridor Office:
East Coast Economic Region (ECER)
B8002 Sri Kuantan Square
Jalan Teluk Sisek
BiotechCorp International Inc.
185, Berry Street, Suite 4603
San Francisco, CA 94107