The $10million max is applicable to products under the NCIFund scheme domiciled with the Bank of Industry (BOI). It should be noted that the Board’s investment can be as low as $1million (or even lesser) and can also be more than $10milion depending on the project objectives, the benchmarked cost of the project, the funding structure, and other factors taken into consideration by the Board. It is also important to note that the Board’s Fund is not limitless or meant for commitment to deliver capital intensive projects. The Board’s intervention is to serve as a catalyst to bring projects into fruition and not to take up full or disproportionate funding of projects being promoted by investors.