The Technology Acquisition Fund (TAF) is intended to facilitate the acquisition of strategic and relevant technology by the Malaysian companies. TAF provides partial grant to further promote efforts by the private sector to enhance their technology level and production processes. The objectives of TAF are as follows :

* to promote technology upgrading through the introduction and utilisation of technologies in the manufacturing and physical development of existing and new products or processes;
* to enhance the competitiveness level of Malaysian companies to compete globally; and
* to increase wealth creation and technology content of Malaysian companies via acquisition of foreign technology.

PRIORITY TECHNOLOGY CLUSTERS
Project proposals eligible for consideration must be listed in the following Priority Technology Clusters :

* Biotechnology;
* Agriculture;
* ICT; and
* Industrial (advanced materials, advanced manufacturing, manutechnology, alternative energy, waste to wealth).

ELIGIBLE ACTIVITIES UNDER TAF

TAF will fund Acquisition of technology (know-how/patent rights/prototype/design) via the following methods:

* licensing;
* non-exclusive purchase of technology; and
* outright purchase of technology.

TARGET GROUP

Incorporated Malaysian manufacturing companies (SMEs and large corporation) excluding GLCs, public listed companies and their subsidiaries.

ELIGIBLE CRITERIA

Eligibility criteria for companies applying for TAF:

* the company must be incorporated in Malaysia;
* the company must be 51% owned by Malaysian;
* the management, marketing, and technical team must have relevant qualification and experience;
* the proposed technology to be acquired must have been proven and commercially produced in the country of origin; and
* the technology acquired is to be immediately adopted in the company's manufacturing activity.

Note: Malaysian companies are eligible (excluding GLCs, listed companies and their subsidiaries)

ELIGIBLE EXPENSES

* Cost of technology acquisition; and
* Training

FUNDING QUANTUM
The quantum of funding approved under TAF is up to a maximum of 50% or RM2,000,000 whichever is lower depending on the merits of each application.

TAF Agreement

TAF agreement will be signed between MTDC (on behalf of the government) and grant recipient detailing the terms and conditions of the funding.

DISBURSEMENT OF GRANT
Disbursement of grant will be made in accordance to the following:-

* approved grant will be disbursed either on a matching or
reimbursement basis according to the claims submitted by the grant recipient; and
* approved grant will be disbursed in stages in accordance to Schedule 2 of the Grant Agreement and subject to the satisfactory progress of the project in terms of deliverables and milestones reached.

DURATION

The project duration for each activity under TAF is up to 2 years for project implementation and 2 years for project monitoring.

ENQUIRY

For further information please contact:

Level 8 - 9, Menara Yayasan Tun Razak,
Jalan Bukit Bintang, 55100 Kuala Lumpur, Malaysia.

Telephone: (603)-2161 2000
Fax: (603)-2163 7542

E-mail: grant@mtdc.com.my
Website: www.mtdc.com.my