Fund Division

Introduction

This division is responsible for managing the Research and Development funds related to the priority areas set by MOSTI.


Vision

To make MOSTI’s Research, Development, Commercialization and Innovation (R&D&C&I) Fund a leading funding scheme.


Mission

To manage a demand driven R&D&C&I MOSTI fund that lead to commercialization of R&D&C&I products and enable problem solving for the benefit at people.


Objective

  • To manage MOSTI’s R&D&C&I fund optimally with the emphasis on impact on the socio-economic improvement and  well-being of the people;
  • To encourage demand driven R&D&C&I activities that can be commercialized; and
  • To provide advice and support to promote R&D&C&I activities for socio-economic development of the country;

Client Charter

  • To process and inform the result of fund application within 60 days from the receipt of a completed application;
  • To finalise agreement with the fund recipient within 30 days from the receipt of Letter of Acceptance by Fund Division;
  • To issue instructions for Advance Payment to Finance Division within 7 days after a complete payment documents received; and
  • To issue instructions for Project Progress Payment to Finance Division within 7 days from the date of JPPD results received.
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