Introduction

Innovation contributes to productivity, economic growth and societal wellness. It can be the recombination, fusion or integration of technologies that lead to new products, processes or services or the refinement of existing technologies with improved value enhanced efficiency or cost reduction. The final result of innovation is new products, processes or systems by which value can be created for customers, businesses and society. Realising the importance of innovation for wealth creation and social well-being, the Government initiated the Innovation Fund. Visit eDana http://edana.mosti.gov.my for more information.

 

Eligible Applicant:

  • Individual
  • Sole Proprietorship/Partnership
  • Micro, Small and Medium Enterprises
  • Registered Associations/ NGOs
  • Registered Cooperatives
  • Community Group

 

Quantum and Duration of Funding:

  •  Enterprise Innovation Fund (EIF)
    • RM50,000.00 and 18 Months (Individual)
    • RM150,000.00 and 18 Months (Sole proprietorship/ Partnership)
    • RM500,000.00 and 18 Months (Companies)
  • Community Innovation Fund (CIF)
    • RM500,000.00 and 18 Months

 

Contact Us:

Fund Division
Ministry of Science, Technology and Innovation (MOSTI)
Level 4, Block C4, Parcel C
Federal Government Administrative Centre
62662 Putrajaya

Tel: 603 – 8885 8298
Fax: 603 – 8888 7710
E-mail:innofund@mosti.gov.my
http://edana.mosti.gov.my