Bioeconomy Corporation

Malaysian Bioeconomy Development Corporation (Bioeconomy Corporation) is the primary economic development agency for the biotechnology and bio-based industries in Malaysia. Established in 2005 and operating under the Ministry of Science, Technology and Innovation (MOSTI), the corporation is tasked with executing the National Biotechnology Policy. It provides financial assistance, developmental services, and strategic facilitation to nurture an ecosystem of business, academic, and scientific communities. The agency's flagship programs include the BioNexus Status, which grants fiscal incentives to qualified companies, and the Bio-based Accelerator (BBA) program for startups. Bioeconomy Corporation plays a central role in driving Malaysia's high-tech innovation and sustainable development goals.