GLOBAL TECH FUND

The Global Tech Fund (GTF) aim is to support the following three focus pillars:

  1. Nurturing Global Champions
  2. Driving Investments
  3. Catalysing Digital Innovation Ecosystem

1. GTF FOR NURTURING GLOBAL CHAMPIONS
GTF targets local scale-up technology companies who are ready to go into their first global market or expand their existing global market presence via technology innovation and commercialisation of market-driven product/service. We want to see potential Malaysian unicorn in the making. Local technology companies are welcome to set up Centre of Excellence for the benefit of the ecosystem.


2. GTF FOR DRIVING INVESTMENTS IN R&D&C
GTF targets foreign technology companies to set up Centre of Excellence to conduct high value technology innovation/R&D activities leading to the development and commercialisation of market driven, innovative product/service for the global market as well as contribute to ecosystem development. (Source from Wikipedia: A centre of excellence (COE) is a shared facility that provides leadership, best practices, research, support and/or training for a focus area.)

GTF supports local and foreign technology companies to:


What are the GTF evaluation criteria for local and global technology companies?

I. TECHNOLOGICAL MERIT


II. COMMERCIAL MERIT


III. VALUE FOR MONEY


3. Catalysing Digital Innovation Ecosystem
GTF targets the Technology Accelerators who can fulfill the following GTF objective:


What are the GTF evaluation criteria for Technology Accelerator?

  1. Expected impact, outcome and benefits of the project
    • Market gap addressed is critical and relevant.
    • Proposed strategies, plans, approaches, services, and activities are critical, impactful, significant, sustainable and achievable in:
      • Achieving the following GTF objectives:
      • Improve the prospects of innovative, high growth Malaysian technology start-ups achieving commercial success in international markets as well as scaling up the start-ups.
      • Assist innovative, high growth Malaysian technology start-ups by delivering a range of impactful activities to develop the capabilities required to realise their economic potential in international markets faster than they otherwise would; and
      • Develop Malaysia’s digital ecosystem in the identified technology area/s
        • Contributing to the growth of the Malaysian economy
        • Bringing catalytic impact to the ecosystem development
        • Leading to economic spillover
    • Benefits derived from the proposed project are credible, realistic and impactful. Proposed long term plan demonstrated the applicant’s long term commitment in Malaysia.
    • Proposed leveraging on network of contacts/partners (if applicable) is critical, significant and impactful towards achieving the GTF’s objectives of catalyzing digital innovation ecosystem and developing innovative, high growth Malaysian technology start-ups.
    • Contribution from proposed outsourcing/collaborating with Malaysian incorporated companies and/or universities/research institutions (if applicable) is impactful and significant to the ecosystem development. If there are any ecosystem gaps, the applicant has laid out credible plans to develop the ecosystem to address the gaps.

  2. Management and Business Capability
    • Demonstrated the ability to assist Malaysian technology start-ups to develop the capabilities required to succeed in international markets.
    • Involvement of the key personnel and/or mentors and/or international expert advisors with the necessary expertise and experience / track record to deliver the desired outcomes. Indication of knowledge transfer to the local talents.
    • Proposed business structure and operating model of the technology accelerator and how it plans to foster the development of innovative startups in international markets are sustainable and impactful.

  3. Value for money
    • Proposed targets for KPIs are stretched and is value for money for the requested grant amount. Is the projected ROI low, reasonable or high?
    • Integrity in cost estimates. Are the cost estimates reasonable and justifiable?
    • How healthy is the company’s financial standing?
    • Demonstrated evidence of financial management capabilities.
    • Adequately addressed the source of funding for this project. If the source of funding is from a 3rd party, the company has provided adequate evidence.

Applicable for ALL Focus Pillars

Your proposal for GTF funding must address the following desired KPIs:

  1. Investment value (RM) – your portion of investment for this project including cash investment and/or benefits-in-kind
  2. Export value (RM)
  3. Number of new Job Creation in the identified technology area/s with at least average pay of RM6,000/month
  4. Number of talent developed and work in the identified technology area/s
  5. Number of Centre of Excellence (COE) (mandatory KPI for foreign technology company)
  6. Number of innovative, commercial product/s
  7. Number of Intellectual Property filed. it is mandatory to deliver at least one Intellectual Property (IP) filed (i.e. patent, trademark, copyright, etc.) during your project duration. If you intend to file patent, please perform prior art search first to confirm the proposed patent is patentable.
  8. You are required to propose at most two Ecosystem KPIs that will measure the outcomes of your ecosystem development strategies, plans and activities.

For (3) and (4) above, you may state the direct (i.e. your own staffs) and indirect (i.e. not your staffs) figures.

You are required to maintain project team composition (minus the finance staffs) of at least 50% Malaysians throughout your proposed project funding duration.


Funding Duration

GTF funds your project duration for up to 2 years. We expect all GTF applicants to commit to doing more, over and above their business as usual activities by developing the Malaysian ecosystem. Your proposed plans, strategies, activities are required to bring benefits to Malaysia as well as bring catalytic impact to its ecosystem.

Due to the limited fund size, GTF is awarded to the most competitive proposal that offers value added proposition that is impactful, significant and sustainable to the growth of the following:

GTF funds technology innovation activities in the following technology area/s

FOCUS PILLARELIGIBILITY CRITERIAFUNDING QUANTUM
1. GTF for Nurturing Global ChampionsLocal Technology Company – a business entity incorporated in Malaysia with paid-up capital of at least RM20,000; Malaysian equity of at least
51%.
Up to 50% of the approved total project cost; subject to a undisclosed ceiling limit
2. GTF for Driving Investments in R&D&CForeign Technology Company – a business entity incorporated in Malaysia with paid-up capital of at least RM50,000.Up to 30% of the approved total project cost; subject to a undisclosed ceiling limit
3. Catalysing Digital Innovation Ecosystem• Technology accelerator is a business entity incorporated in Malaysia with paid-up capital of at least RM50,000.
• No specific criteria on Malaysian ownership requirement.
• Technology accelerator is defined as a business entity specializing in technology that provides money, mentor and market access to businesses.
Up to 30% of the approved total project cost; subject to a undisclosed ceiling limit

For further information, please contact us at: 
Tel: 1-800-88-8338 (Within Malaysia)
Fax: +603 8318 8511
Email: [email protected]