LIGNO Biotech’s RM60M Goal, Powered by Tiger Milk Mushrooms

What began as a PhD project inspired by Tun Dr. Mahathir has grown into a profitable biotech firm with over RM13 million in annual revenue. By successfully cultivating the once "uncultivatable" Tiger Milk Mushroom, Ligno Biotech has turned a Malaysian national treasure into a patented and commercial success story.

Co-founders Ng Szu Ting and Dr. Tan Chon Seng join us to share their journey from researchers to entrepreneurs. They detail how they developed their patented technology, the decade-long process of market education, and their ambitious goal to grow into a RM60 million global business.

We discuss:

• The long journey of commercialising a PhD research project.

• How they developed a patented cultivation technology for a "national treasure."

• Their three-pronged business model combining B2B, OEM, and a house brand.

• How continuous R&D serves as their key competitive advantage.

• Their strategy for global expansion and the road to RM60 million in revenue.

  For entrepreneurs in deep tech and biotech, this explores the long, challenging journey from lab to market.

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