BiotechCorp seeks to provide venture capital funding

KUALA LUMPUR: Malaysian Biotechnology Corp (BiotechCorp), the lead agency for developing the country's biotechnology industry, is seeking an allocation from the Government to provide venture capital funding to BioNexus-status companies.

Newly-appointed chief executive officer Datuk Dr Mohd Nazlee Kamal said there was currently a lack of financial resources to take companies from the proof-of-concept stage to commercialisation.