MyBiomass was established as a joint venture between MIGHT, Sime Darby and Felda Global Ventures under the Malaysian Biomass Initiative. The firm initially operates as a one-stop center to provide technology and raw materials to the industry players. Currently, MyBiomass is venturing into production of advance nanocellulose to be used in packaging.
Value Creation Initiative(s):
Following VentureTECH’s (at that time was A-Bio) investment in year 2014, MBSB and VentureTECH embarked on multiple visibility enhancement initiatives to deploy MBSB’s nano product into the industrial-based markets.
This includes facilitating MBSB in its marketing plan by positioning its key person as the speaker for BIOPlus 2018 event in Seoul Korea to capture potential off-takers across regions for its nano product.