BiotechCorp is an agency under the purview of Ministry of Science, Technology and Innovation and is wholly-owned by the Ministry of Finance Incorporated. BiotechCorp is governed by the Biotechnology Implementation Council and advised by the Biotechnology International Advisory Panel, both chaired by the honorable Prime Minister of Malaysia, YAB Dato’ Seri Abdullah Hj. Ahmad Badawi.

The objective of the establishment of BiotechCorp amongst others is to identify value propositions in both R&D and commerce and support these ventures via financial assistance and developmental services.