MINISTRY OF SCIENCE, TECHNOLOGY & ENVIROMENT (MOSTI)

Enterprise Innovation Fund (EIF)

To be eligible for EIF:

� applicants must be a Malaysian individual/sole-proprietor, micro, or small enterprise;

� applicants must show proof that they can fund their share of project costs not funded under Innofund;

� project proposal must contain elements of technological innovation leading to commercialisable applications, products or services;

� the technological innovation may be either:
- recombination/fusion/integration or
- replication/refinement of existing technologies with improved value, enhanced efficiency or cost reduction.

� have appropriate management team (for micro and small enterprise only).

Note: Micro Enterprise � annual sales turn over of less than RM250,000 or full time employees of less than 5; Small Enterprise � annual sales turn over of RM250,000 to less than RM10 million or full time employees of 5 to 50

Target Group

� Individual/Sole Proprietor;

� Micro Enterprise ; or

� Small Enterprise

Note: MSC Status companies are not eligible to apply for this fund

Quantum Funding

The quantum of funding approved under EIF will be determined on the merits of each application listed below:

Target Group Quantum
� Individual/Sole Proprietor - Up to RM20,000;
� Micro - Up to RM50,000; and
� Small - Up to RM250,000.

Scope of Funding

The eligible expenditures are:
� Consumables/aterials;
� Equipment (not more than 40% of total project cost);
� Expenditure for services (consultancy and testing);
� Project Documentation;
� Regulatory and Standard Compliance; and
� Market testing (including samples, fees and documentation for participation in trade fairs and exhibitions).

Technology Clusters

Project proposals eligible for consideration must fall under any of the technology clusters listed below:

� Agriculture Cluster
� Information and Communication Technology (ICT) Cluster:
- Information System;
- ICT Infrastructure;
- Software;
- Emerging Information Technology;
- Communication;
- Security System;
- Signal Processing;
- Database Technology; and
- ICT Application.

� Biotechnology Cluster:
- healthcare; and
- industrial.

� Industry Cluster:
- Advanced Materials;
- Advanced Manufacturing;
- Nanotechnology;
- Alternative Energy;
- Radiation Technology;
- Waste to Wealth;
- Processing Technology;
- Engineering Development; and
- Environment.

Approval Criteria

Approval of projects takes into consideration, among others, the following criteria:

� applicants must submit proposals leading to commercialisation of innovative products, processes and services;

� applicants must belong to any of the target groups listed above;

� person(s) involved in project should have suitable qualification or experience;

� projects must focus on either one of the technology cluster identified;

� applicants (for individual applicants only) must identify one key person that MOSTI maycontact as referee for your application. Please ensure that you have the consent of this individual to be listed as your application referee. The referee must be aware of the details of your application;

� applicants must show proof of financial capability to finance the portion not funded by EIF;

� projects must contribute economic benefits to Malaysian economy; and

� fulfill other conditions stipulated under the guidelines and policies of the Inno-Fund.

FOR MORE INFORMATION, PLEASE CONTACT:

Sekreteriat IGS,
Kementerian Sains, teknologi dan Alam Sekitar
Tingkat 1, Blok C5, Parcel C
Pusat Pentadbiran Kerajaan Persekutuan
62662 PUTRAJAYA

Tel: 03-88858065
Faks: 03-88893005

E-mail : ogl@moste. gov.my
Laman Web: http://www.moste.gov.my