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Ministry of Science, Technology and Innovation (MOSTI)

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Enterprise Innovation Fund (EIF)
Ministry of Science, Technology and Innovation (MOSTI)

Objective : To increase the participation of SMEs, micro businesses and individual/sole-proprietors in innovative activities through the development of new or improved products, processes or services with element of innovation for commercialisation.
Maximum tenure : 18 months
Minimum financing : RM20,000
Maximum financing : RM20,000
Participating financial institutions / Implementing Ministry / Agency   Ministry of Science, Technology and Innovation (MOSTI)
Eligibility criteria :
  • Malaysian business enterprises or individual with project or product proposal that has elements of technological innovation for commercialisation, may either be :
    • The recombination, fusion or integration of technologies
    • The replication or refinement of existing technologies with improved value,  efficiency or cost reduction
  • Project focus on one of the identified technology clusters
  • Proposed project or product at the pre-commercialisation stage (R&D stage) is not eligible for this fund
  • Project must be undertaken in Malaysia and individual must have qualification, experience and financial capability to finance project costs not funded by EIF
Purpose of financing  
  • Project documentation, equipment and materials
  • Consultancy, testing, regulatory and standard compliances
  • Product testing including sample, fees and documentation
Eligible sector / Types of financing   Identified technology cluster includes ICT, biotechnology and other innovative technology such as Nanotechnology, alternative energy, waste to wealth, advanced material & manufacturing, radiation technology, processing technology, engineering development and environment.
Application procedure : Application to be submitted to MOSTI
Contact :

Innovation Fund
Development and Procurement Division
Ministry of Science, Technology and Innovation (MOSTI)
3rd floor, Block C5, Complex C
62662 Putrajaya
Tel : 03 - 8885 8921/8937/8151/8877 (Helpdesk)
Fax : 03 -8889 4700
Email : innofund@mosti.gov.my
Website : www.mosti.gov.my

 

 
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