funding for commercialisation
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Funding for
Commercialisation
BIO MALAYSIA 2015
18 AUGUST 2015
PWTC, KL
Haryati Naharuddin
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Appointed by the Government since 1997 to manage Government (MOSTI) grants under the Technology Development Programme (TDP).
The type of grants are :
i. Commercialisation of R&D Fund (CRDF)
ii. Technology Acquisition Fund (TAF)
Since the 10th Malaysian Plan, MOF has entrusted MTDC to manage two new funds for further commercialisation support and business expansion:-
i. Business Start-up Fund (BSF)- Convertible loans
ii. Business Growth Fund (BGF)- Hybrid fund
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Roles:-
• To identify, finance and develop potential companies in strategic technology areas;
• To focus on commercialisation of public sector
research results; and • To identify and transfer emerging and strategic
technologies for adoption by industries.
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Grant Management
• CRDF
• TAF
Convertible Loan &Hybrid Fund Programmes
• BSF
• BGF
Advisory and Nurturing Services
Incubation Management Centre
- FRIM
- UTM, Skudai
- UKM
- UPM
- UITM
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Name : Commercialisation & Research Development Fund (CRDF)
Focus : Commercialisation activities of locally new developed technologies/research and development undertaken by eligible Malaysian-owned companies
CATEGORIES OF CRDF
FOCUS GROUP QUANTUM OF FUNDING
CRDF 1 for the commercialisation of R&D output from public and private University (PPU)/ Government Research Institute (GRI) by a Spin-off company
90% of eligible expenses, capped at RM500k
CRDF 2 for the commercialisation of R&D output from public and private University (PPU)/ Government Research Institute (GRI) by a Start-up company
70% of eligible expenses, capped at RM500k
CRDF 3(a) for the commercialisation of any local R&D by SME 70% of eligible expenses, capped at RM4.0 mil.
CRDF 3(b) for the commercialisation of any local R&D by NON-SME 50% of eligible expenses, capped at RM4.0 mil.
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Name : Technology Acquisition Fund (TAF)
Focus : Acquisition of foreign technologies for immediate incorporation/adoption into the company’s manufacturing activity
Funding Structure :
:
Up to RM4.0 million
• 70% for IP and 50% for M&E
• Cost of Technology Acquisition (Licensing/ Outright purchase of technology);
• Cost of Technology Acquisition (70%)+ Acquisition of M&E
• Engagement of foreign experts from abroad or sending local technical staff(s) for process or product improvement
• Training
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Name : Business Start-up Fund (BSF)
Focus : Technology Based Companies
Funding Per
Company
: Maximum of 90% of total project cost or
RM5.0 million whichever is lower
Fund Structure : Convertible Promissory Notes (CPN)
Rate : 3.5%
Repayment : • Maximum of 8 years inclusive of 3 years
grace period
• Repayment shall commence on the first
month of the 4th year on monthly basis over
5 years
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Name : Business Growth Fund (BGF)
Focus : Technology Based Companies
Funding Per
Company
: Up to RM7.0 million
Fund Structure : • Equity participation via subscription instrument
(RCPS)
• No payment of fixed dividend
• Two Board seats for MTDC
Exit : • 5 years
• Redeemable by the Shareholders; or
• Proceeds of a new issue, trade sale, IPO, etc.
Internal Rate of
Return (IRR)
: 10%
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In increasing the success probability of commercialisation activities, advisory and nurturing services are provided for:-
MTDC Fund Recipients
MTDC Tenants
University/Research Institutes
Industry
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Lettable: 260,942 sqft
Lettable: 61,130 sqft
Lettable: 57,840 sqft
Lettable: 47,500 sqft
Lettable: 80,000 sqft
MTDC’s Technology Centres are developed and managed under the Technology Development Clusters (TDCs) programme.
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FOR MORE INFORMATION, PLEASE VISIT:
http://www.mtdc.com.my
CONTACT US:
+6 03 2172-6000
CRDF & TAF - [email protected]
BGF – [email protected]
BSF – [email protected] / [email protected]
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