From UKM Research to RM16M Revenue? Nomatech’s Pitch

What began as decades of plant genetics and biotechnology research at Universiti Kebangsaan Malaysia (UKM) has evolved into Nomatech, an agricultural spin-off commercialising clinically validated functional rice varieties like Primera Red Rice. Today, the company manages the entire supply chain, from breeding the seeds and working with contract farmers all the way to store shelves. 

However, moving from academic research grants to industrial scale presents a severe operational bottleneck: transitioning from linear, organic growth (120 metric tons annually) to exponential commercial output (1,000+ metric tons) requires significant growth capital.

Managing Director and Founder Emeritus Professor Wickineswari Ratnam joins BFM’s Open for Business to discuss Nomatech’s current equity crowdfunding (ECF) campaign on pitchIN, seeking RM1.5 million to RM2 million at a pre-money valuation of RM7.7 million.

She addresses investor concerns around high debt gearing and details her strategy to achieve a 12-fold revenue increase to RM16 million by 2029. She also discusses securing international export permits, licensing functional IP for nutraceuticals and gut-health formulations, and her long-term path toward a public stock exchange listing.

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