GLOBAL TECHNOLOGY GRANT

Grow Your Business into Global Stage

WHAT IS GLOBAL TECHNOLOGY GRANT?

GTG is to nurture global champions, driving investments and catalysing digital innovation ecosystem.

The grant will be used solely for the purpose of technology innovation, development and commercialization of innovative commercial-driven product or service

Our Objective

To support the scaling up of Malaysian technology companies into the global arena by way of innovation, development and commercialisation of disruptive or innovative products or services for the global market in order to build Malaysian global icon;

To support R&D, scaling up of provision of R&D services, development of new technologies , establishment of centres of excellence, creation of new disruptive or innovative and market driven product or service for the global market;

To support high impact ecosystem development initiatives which covers development of multiple players in the ecosystem towards contributing to the desired outcomes of the Fund i.e. new job creation, export, investment, talent development in MDEC’s technology focus areas;

Grant Purpose

The purpose of the Framework is to detail out the objectives, scope of funding, eligibility and terms of reference for the Global Technology Grant (GTG)

Technology Company

GTG 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.

Scope of Incentive

Quantum of funding

Local owned:

Up to 50% of total project cost or up to RM2 Million whichever is lower

Foreign owned:

Up to 30% of total project cost or up to RM2 Million whichever is lower

coming soon

Technology Accelerator

GTG also targets foreign technology companies to set up Centres 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.

Scope of Incentive

Quantum of funding

Up to 30% of total project cost or up to RM2 Million whichever is lower

coming soon

* Duration: The quantum of Funding for a project period of up to two (2) years for Type 1 & Type 2

Eligibility Criteria

Local Company:

  1. Incorporated in Malaysia under the Companies Act 1965 or the Companies Act 2016;
  2. Minimum issued and paid up capital of RM20,000;
  3. Minimum of 51% equity held by Malaysian(s). For companies which shareholders are another company, the same rule applies. The checks are limited to three tiers of shareholding.

Foreign-Owned Company

  1. Incorporated in Malaysia under the Companies Act 1965 or the Companies Act 2016;
  2. Minimum issued and paid up capital of RM500,000.

In operation for at least 1 year;

  1. Company director/ shareholder/ partner/ senior management to declare and disclose if there is any close business relationship/close family relationship with any of MDEC’s director or employee.
  2. Company director/ shareholder/ partner/ outsourced partner to declare if they are under any litigation (not applicable for grants under RM 50,000);
  3. Company director/ shareholder/ partner/ outsourced partner to declare if they are blacklisted by BNM, MACC and Securities Commission (SC) (not applicable for grants under RM 50,000);
  4. Companies with common shareholder/s can only submit application for one company only.

If previously has received any MDEC/government grant, the applicant must demonstrate the completion and success of the funded project/s.

Specific Conditions

  1. The APPLICANT must procure approved cost items from Malaysian incorporated organisations for ecosystem development purpose unless there is valid justification provided such as no local supplier.
  2. All approved activities must be conducted in Malaysia.
  3. If outsourcing cost is involved, MDEC has the right to conduct background checking to the outsource parties to ensure there is no conflict of interest.

Application Document Required

Mandatory for submission

  1. Fully completed and signed application form
  2. Company Profile
  3. Company’s financial statements ( Copies of 1 year latest Audited Accounts and as to date Management Accounts). The copy of latest Audited Accountmust be dated and certified by Commissioner of Oath, Company’s Secretary or company’s auditor. If you are unable to do so, please provide justification. (e.g. previously dormant)
  4. Board of Director Resolution on the appointment of authorized signatory as per template
  5. Curriculum Vitae of all Project Personnel Salaries Details as per project costing and template
  6. Project Proposal.
  7. Provide proof of project completion (i.e: closure letter from the ministries/agencies). For applicant applying or previously received funds.
  8. Supporting documents evidencing outsourced/collaboration portion of the project as per project Costing
  9. CCRIS report of top 5 major shareholder
  10. MDEC reserves the right to request additional information from the Applicant at any time.

Application Flow

  1. Download the application form by clicking the button below
  2. Register and Login with your credentials to GAIN Awards Platform
  3. Click “Start Application” under My Applications
  4. Select Department “Grants and Funding”
  5. Select Program “Global Technology Grant”
  6. Provide your company details and upload your application form and supporting documents
  7. Click “Submit Application” once completed (Deadline by 15th September 2021)
  8. Supporting documents evidencing outsourced/collaboration portion of the project as per project Costing

Global Technology Grant

Don't Miss This Opportunity and Expand Your Tech Business Globally

Coming soon

Frequently Asked Questions