| |
The objective is to provide matching fund for
R&D projects which can develop new or improved
products and/or processes and/or technologies and
lead to further development and commercialisation
within the Malaysia’s Biotechnology Focus
Areas. |
| B. |
Who Should Apply?
BioNexus Status companies that are involved in Malaysia’s
Biotechnology Focus
Areas. |
| C. |
Eligibility Criteria
To be eligible to apply for the Fund,
applicants must meet the following conditions:-
| i. |
BioNexus Status companies; |
| ii. |
Within BiotechCorp’s Focus
Areas; |
| iii. |
Majority owned Malaysian companies; |
| iv. |
The applicant must have ownership of, or beneficial use of, any intellectual property necessary to commercialise the innovation; |
| v. |
The innovation has commercial potential; |
| vi. |
The majority of the applicant’s business activities, employees or assets must be within Malaysia or transferred to Malaysia within reasonable period; and |
| vii. |
The company should have an appropriate research team who is led by qualified technical personnel. |
|
| D. |
When to Apply?
Applications should only be submitted once applicants
have a proven concept of R&D that is within
Malaysia’s Biotechnology Focus
Areas for development and commercialisation. |
| E. |
Quantum and Mode of Funding
The maximum funding per project is RM1.0 million.
The grant is a matching grant, hence, BiotechCorp
would match “dollar-for-dollar” spent
on the project up to the approved grant and based
on the agreed milestones.
The grant shall be made out on a reimbursement
basis i.e. BiotechCorp shall reimburse its share
of the approved cost upon payments made by the
applicant. However, for large expense items such
as equipment, advance matching payment may be
considered i.e. BiotechCorp shall pay its share
of the approved cost upon proof of commitment
e.g. contract or purchase order.
The grant shall be utilized within 2 years from
the date of approval.
|
| F. |
Expenditure Covered By R&D Matching
Fund
The funding shall cover expenditure incurred
on a particular research project, for the purpose
of promoting it. This includes:-
| i. |
The provision of sites or premises
(including the acquisition of land), the construction
and adaptation of buildings, and the provision
of services and other works; |
| ii. |
The provision of plants, machinery,
equipment and materials; |
| iii. |
The payment of fees or other remuneration
to technical advisers consulted in connection
with the project; |
| iv. |
Salary and wages of contract researchers
directly involved in the project; |
| v. |
The travel and subsistence expenses of persons
engaged in the project or in identifying products
or process development prospects within the
industrial undertaking; |
| vi. |
Overhead charges associated with the project
concerned. |
| |
|
|
| G. |
How to Apply?
Applicants shall submit the following:-
| • |
Duly completed R&D Matching
Fund Application Form |
| • |
R&D project plan |
| • |
CV of key management team |
| • |
CV of key R&D team members involved in the project |
| • |
Copies of Form 9, Form 24, Form 49, Form
44 |
| • |
Certificate of Charter/Statute or Memorandum
& Article of Association or a similar
instrument defining its constitution |
| • |
Corporate investor audited accounts (if
any) |
| • |
Audited financial statement or latest management
account statement |
| |
|
|
| |
All applications shall be addressed to:
| |
Malaysian Biotechnology
Corporation Sdn Bhd
Client Support Services Division – Evaluation & Funding
Level 21, Menara Naluri
161, Jalan Ampang
50450 Kuala Lumpur
Tel : 603-2116 8585
Fax : 603-2116 5432
Email : cssd@biotechcorp.com.my
URL : www.biotechcorp.com.my |
|
| H. |
BiotechCorp’s Roles
BiotechCorp will:-
| • |
Receive, review and approve
applications for the R&D Matching Fund; |
| • |
Monitor the progress of the
R&D projects and its milestones; and |
| • |
Continually assist/advice the companies
in their initiatives. |
| |
|
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