|The objective is to provide matching fund for R&D projects which can develop new or improved products and/or processes and/or technologies and lead to further development and commercialisation within the Malaysia’s Biotechnology Focus Areas.|
|B.||Who Should Apply? |
Biotechnology Status companies that are involved in Malaysia’s Biotechnology Focus Areas.
To be eligible to apply for the Fund, applicants must meet the following conditions:-
|D.||When to Apply?|
Applications should only be submitted once applicants have a proven concept of R&D that is within Malaysia’s Biotechnology Focus Areas for development and commercialisation.
|E.||Quantum and Mode of Funding|
The maximum funding per project is RM1.0 million. The grant is a matching grant, hence, Biotechnology Agency would match “dollar-for-dollar” spent on the project up to the approved grant and based on the agreed milestones.
The grant shall be made out on a reimbursement basis i.e. Biotechnology Agency shall reimburse its share of the approved cost upon payments made by the applicant. However, for large expense items such as equipment, advance matching payment may be considered i.e. Biotechnology Agency shall pay its share of the approved cost upon proof of commitment e.g. contract or purchase order.
The grant shall be utilized within 2 years from the date of approval.
|F.||Expenditure Covered By R&D Matching Fund|
The funding shall cover expenditure incurred on a particular research project, for the purpose of promoting it. This includes:-
|G.||How to Apply?|
Applicants shall submit the following:-