May 7, 2024

TechnoFund

TechnoFund

INTRODUCTION

TechnoFund is a grant scheme which aims to stimulate the growth and successful innovation of Malaysian enterprises by increasing the level of R&D and its commercialisation. The scheme provides funding for technology development, up to pre-commercialisation stage, with the commercial potential to create new businesses and generate economic wealth for the nation.

 

OBJECTIVES

  • to undertake the development of new or cutting edge technologies or further develop/value add existing technologies/products in specific areas for the creation of new businesses and generation of economic wealth for Malaysia;
  • to undertake market driven R&D towards commercialisation of R&D outputs;
  • to encourage institutions, local companies and inventors to capitalise their intellectual work through intellectual property (IP) registration; and
  • to stimulate the growth and increase capability and capacity of Malaysian technology-based enterprises, Malaysian Government Research Institutes (GRI) and Institutions of Higher Learning (IHL) through both local and international collaborations.

 

SCOPE OF FUNDING

1. The Pre Commercialisation (TechnoFund) will cover:

  • the acquisition of technology (foreign and/ or local). Applicants should provide the acquisition agreement or if such an agreement is not in place, applicants shall provide details of the technology to be acquired;
  • the up-scaling of laboratory-scale prototype or the development of commercial ready prototype; and
  • pre-clinical testing/clinical testing/field trials.

2. The funding can be used for the following:

  • pilot plant/ prototype – equipment and supporting infrastructure which is directly related to the pilot plant;
  • IP Preparation and Registration in Malaysia only (excluding maintenance)- existing and new IP;
  • market testing / assessment and/or evaluation;
  • regulatory and standards compliance;
  • expenditure for services (consultancy/ testing) not exceeding 20% of project cost;
  • contract expenditure applicable to IHLs and GRIs only (research assistant);
  • raw materials/consumables; and
  • technology/IP acquisition (if applicable).

3. The funding cannot be used for the following:

  • purchase or rental of capital assets such as building, vehicles and furniture;
  • construction of infrastructure which is not directly related to the pilot plant;
  • utilities;
  • travelling costs;
  • salary or allowances of any personnel (except as stated for IHLs and GRIs); and
  • collateral or loan for any purpose.

 

PROJECT DURATION

The project duration is up to 30 months.

  • Additional 6 months is permitted for application involving IP acquisition.
  • An additional of 24 months from the maximum project duration of 30 months will be added for the post-evaluation purposes.

 

QUANTUM OF FUNDING

The quantum for each project is between RM1,500,000.00 to RM3,000,000.00 depending on the merit of the proposal.

 

Source: Ministry of Science, Technology & Innovation (MOSTI)’s Website