TAF

Technology Acquisition Fund (TAF)

INTRODUCTION

Technology Acquisition Fund (TAF) has been established by the Government to facilitate the acquisition of strategic and relevant technology by the Malaysian Industrial Sector. TAF provides partial grant to further promote efforts by the private sector to enhance their technology level and production processes.

The objectives of TAF are:

	To promote technology upgrading through the introduction and utilisation of modern and efficient technology in the manufacturing and physical development of existing and new products or processes; and
	To enhance the competitiveness level of firms to enable them to compete globally.

FORM OF ASSISTANCE

1. ACQUISITION OF TECHNOLOGY

A. TECHNOLOGY LICENSING

Objective

Technology acquisition through licensing is to enhance the design and production of new and existing products and processes. The technology to be acquired should include design, blueprints, manufacturing know-how, training, technical support and proprietary equipment.

Form of Funding

Partial grant up to a maximum of 70% or RM2 million whichever is lower.

Approved Activities

Procurement of technologies through licensing by companies that are involved in promoted activities listed below:

	List of promoted activities/products/processes which are eligible for consideration of Technology Acquisition Fund (TAF);
	List of promoted activities and products for SMI companies; and
	Strategic industries as approved by the Government.

Eligible Expenses

Procurement of technologies through licensing and to include the breakdown of the following:

	Design;
	Blueprints;
	Manufacturing Know-how;
	Training;
	Technical Support; and
	Proprietary Equipment.

The cost of the equipment must not be more than 30% of the licensing cost.

B. ACQUISITION OF PATENTS RIGHTS, PROTOTYPES AND DESIGNS

Objective

Acquisition of proprietary information to facilitate transfer of technology to enable the development of new processes and products. All acquisition must include manufacturing rights from technology provider for manufacturing purposes.

Form of Funding

Partial grant up to a maximum of 70% or RM2 million whichever is lower.

Approved Activities

Acquisition of Patent Rights, Prototypes and Design by companies that are involved in promoted activities listed below:

	List of promoted activities/products/processes which are eligible for consideration of Technology Acquisition Fund (TAF);
	List of promoted activities and products for SMI companies; and
	Strategic industries as approved by the Government.
	Acquisition of patent rights, prototypes and design by companies that are involved in pioneer status projects.

Eligible Expenses

	Cost of procuring patents; and/or
	Cost of procuring registered designs; and/or
	Cost of procuring prototypes.

2. TRAINING PROGRAMME (OVERSEAS)

A. PLACEMENT OF MALAYSIANS IN FOREIGN TECHNOLOGY COMPANIES OR FOREIGN TECHNOLOGY INSTITUTES

Objective

To expose Malaysians and upgrade their knowledge on technology development in technology companies or institutes excluding affiliated or subsidiary companies overseas.

Approved Activities

Placement should be on the basis of job attachment or on-the-job training.

Form of Funding

	Partial grant up to a maximum of 50% of the total cost or RM30,000, whichever is lower for each person; and
	Maximum of 3 persons eligible for funding per project.

Duration

Duration of placement should not exceed 3 months.

Eligible Expenses

	Cost of airfare;
	Accommodation; and
	Daily allowance.

B. FOREIGN EXPERT SOURCING PROGRAM

Objective

This activity is to assist companies to engage foreign technical experts and consultants in upgrading their products and processes.

Form of Funding

Partial grant up to a maximum of 50% of the total cost or RM30,000, whichever is lower.

Eligible Expenses

	Cost of airfare;
	Local accommodation; and
	Professional fees.

ELIGIBILITY CRITERIA

	Company incorporated under the Companies Act 1965.
	Company involved in the manufacturing activities and manufacturing related services.
	At least 60% of the equity held by Malaysians, of which not more than 25% held by large companies.
	Public Listed Companies or their subsidiaries are not eligible to apply.

HOW TO APPLY

Companies interested to apply for funding should contact MTDC at:

Government Industry Technology Services (GITS),

Malaysian Technology Development Corporation,

Level 2 - 5 MIDF Building,

195A, Jalan Tun Razak,

50400 Kuala Lumpur.

Tel : 03-2161 2000
Fax : 03-2163 7549

Email: grant@mtdc.com.my

Web site: http://www.mtdc.com.my

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Technology Acquisition Fund (TAF)

INTRODUCTION

FORM OF ASSISTANCE

1. ACQUISITION OF TECHNOLOGY

A. TECHNOLOGY LICENSING

Objective

Form of Funding

Approved Activities

Eligible Expenses

B. ACQUISITION OF PATENTS RIGHTS, PROTOTYPES AND DESIGNS

Objective

Form of Funding

Approved Activities

Eligible Expenses

2. TRAINING PROGRAMME (OVERSEAS)

A. PLACEMENT OF MALAYSIANS IN FOREIGN TECHNOLOGY COMPANIES OR FOREIGN TECHNOLOGY INSTITUTES

Objective

Approved Activities

Form of Funding

Duration

Eligible Expenses

B. FOREIGN EXPERT SOURCING PROGRAM

Objective

Form of Funding

Eligible Expenses

ELIGIBILITY CRITERIA

HOW TO APPLY

Kindly e-mail questions or comments about this web site directed to dominic@ict-m.com Copyright © 2003 Belmah Strategies (M) Sdn. Bhd. Last modified: 06/18/04

Kindly e-mail questions or comments about this web site directed to dominic@ict-m.com
Copyright © 2003 Belmah Strategies (M) Sdn. Bhd.
Last modified: 06/18/04