Technology Acquisition Fund (TAF)

Name of Fund Technology Acquisition Fund (TAF)
Ministry Ministry of Science, Technology and Innovation (MOSTI)
Agency Malaysian Technology Development Corporation Sdn Bhd (MTDC)
Sector 1. Agriculture and Forestry
2. Biotechnology
3. Engineering and Technology
4. Information, Computer and Communication Technology (ICT)
5. Medical and Health Sciences
6. Natural Sciences
Sub Sector 1. Agricultural Sciences and Technology, Animal and Avian Production, Aquaculture, Forest Production and Forest Products, Forestry Sciences and Technology, Plantation Crops and Commodities, Soil and Water Management, Production Techniques, Productivity, Production & Processing, Agro Chemicals, Irrigation, Management Techniques, Propagation Techniques, Processing and Manufacturing, Animal Conservation, Forest Protection
2. Food Biotechnology, Industrial and Environmental Biotechnology, Molecular biology
3. Civil Engineering, Chemical Engineering, Construction Engineering, Electrical and Electronic Engineering, Mechanical Engineering, Nanotechnology
4. Communication
5. Medical and Healthcare, Pharmacy, Optometry, Dentistry, Nursing, Allied Health
6. Biodiversity, Bioinformatics, Water Security, Pollution, Conservation, Rehabilitation
Fund Objective To facilitate eligible Malaysian companies in the acquisition of foreign technologies for immediate incorporation into the company’s manufacturing activity. TAF’s partial grant enables companies to avoid expensive and often risky technology development stages.
Description Scope Funding types:
• Cost of Technology Acquisition (maximum funding is RM2.8 million or 70% of total eligible cost, whichever is lower)
• Cost of Technology Acquisition + Acquisition of M&E (maximum funding for IP is RM2.4 million or 70% of total eligible cost, whichever is lower and maximum funding for M&E is RM1.6 million or 50% of total eligible cost, whichever is lower)
• Engagement of foreign individual within a specific area of expertise on process or product improvement (maximum funding is RM200,000 per application for travelling and lodging & period of stay is 6 months)
• Training (maximum funding is RM250,000 or 70% of total eligible cost, whichever is lower)
Quantum Of Funding RM 250,000 – RM 2.8 Million
Phase Commercialisation
Eligibility • Companies must be incorporated in Malaysia;
• The company must be at least 51% owned by Malaysian;
• The technology to be acquired must be a registered Intellectual Property (Patent/Copyright/Industrial Design) with proven and significant sales volume;
• The proposed technology acquisition must be from one of the Priority Technology Clusters identified by MOSTI;
• The technology provider must not hold any equity in the applicant’s company;
• The proposed project must be tangible in nature or can be incorporated into tangible product;
• The company must have already been involved in the production, fabrication and manufacturing of relevant products; and;
• Significant paid-up capital which commensurate with the total project cost (proof of the availability of the fund to finance the project
Telephone No 03-2172 6000
Tags Technology Transfer, Commercialisation, Innovation