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The Business Station
LIGNO Biotech’s RM60M Goal, Powered by Tiger Milk Mushrooms
39 mins·10:00, 21 Aug 2025
LIGNO Biotech’s RM60M Goal, Powered by Tiger Milk Mushrooms
39 mins
·
10:00, 21 Aug 2025
·
Recommended
Guest: Ng Szu Ting, Dr Tan Chon Seng, Co-founders, LIGNO Biotech
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.
Presenter: Roshan Kanesan
Producer: Roshan Kanesan, Kishan Sivaswamy
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