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Technology Acquisitions Fund (TAF 1)

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Objective
To promote SMEs to be globally competitive through the usage of modern technology in manufacturing and to promote development processes for existing or new products as well as acquisition of foreign technology.

Maximum tenure : 4 years

Minimum financing : RM30,000

Maximum financing : 50% of project cost or RM2 million which ever is lower

Participating financial institutions / Implementing Ministry / Agency
MTDC

Eligibility criteria

  • The SMEs is 51% owned by Malaysian with relevant qualification and experience and good business management
  • The proposed technology has been commercially proven in the country of origin and must be applied for the production of a tangible product
  • The technology acquired must be immediately adopted in the company's manufacturing activity

Purpose of financing
Technology acquisition and training

Eligible sector / Types of financing
Agriculture, biotechnology, industrial (advanced materials, manufacturing, nanotechnology, energy, waste to wealth)

Application procedure
Application to be submitted to MTDC

Contact
Malaysian Technology Development Corporation Sdn Bhd (MTDC)
Tel: 03-2161000
Fax: 03-21637549
Website: www.mtdc.com.my

 
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