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The Smart Challenge Fund (SMART Fund) is the government’s initiatives which is open to businesses and researchers interested in competing for funding opportunities for which the Government has identified the strategic and prioritized needs (new technologies, processes, products) with the expectation that the deliverables will solve national problems and identify long term solutions.
Through this scheme, the Government will be investing in pre-commercialisation of technologies, processes, products that are highly innovative which can be translated into marketable output to spur the economy as well as for societal benefit.
Proposed projects must be specific, measurable, achievable, realistic and timely (SMART). The proposed projects must be well-designed, scientifically valid, and competitive with current technologies and research works.
The objectives of this fund are divided into two categories:
1) to tackle strategic issues that will provide long term solutions, thus, ensuring commercialization of new R&D products to spur economic returns for the country. This fund covers pre-commercialisation stage with the technology readiness level (TRL) 4.
2) to tackle prioritized issues that need immediate solution leading to improvement of societal wellbeing. This fund covers pre-commercialisation stage with the technology readiness level (TRL) 6.
Fund Division, Ministry of Science, Technology and Innovation (MOSTI)
Level 4, Block C4, Parcel C
Federal Government Administrative Centre
Tel: 603 – 8885 8298
Fax: 603 – 8885 8367