KUALA LUMPUR, Tuesday, 6 May 2008 : Malaysia Debt Ventures Berhad (‘MDV’), a wholly-owned subsidiary of the Minister of Finance, Inc. incorporated to be a financier and development facilitator of Information and Communication Technology (ICT) and high-growth sectors today announced its new Financing Programme for Biotechnology to support the emerging biotechnology industry in Malaysia. Officiated by the Deputy Minister of Finance, YB Dato’ Haji Ahmad Husni Mohamad Hanadzlah, the launch introduced MDV project financing facilities exclusively for biotechnology companies growing beyond the pre-commercialisation stage, encompassing the funding of the sector’s Equipment & Infrastructure, Working Capital, and Project/Contract received. Encik Md Zubir Ansori Yahaya, Managing Director and Chief Executive Officer of MDV said that the launch of the programme was timely in accordance to the growing socio-economic and economic value of biotechnology research. “Biotechnology is not merely a key driver for innovation and knowledge creation but an impetus for change. Its true value lies in its capacity to alleviate the biggest challenges faced in the world today, be it curing ravaging diseases, solving world hunger or creating sustainable energy. Unlike other financing institutions, MDV is in a unique position to drive the industry forward and it is only appropriate that we act on it now,” he said. With the new loan facility, eligible companies will be able to receive revolving project …