Admission and Graduation

General Admission Policy

  • Company incorporated under the Companies Act 1965
  • Minimum paid-up capital of RM20,000.00
  • Must be a technology-based Business Company
  • Encourages a collaboration with the local university or research institution
  • Must be in operation for at least three (3) months
  • A subsidiary of a multinational company may be considered
  • Credible management team
  • Company will be required to provide data to MTDC

 

Admission/Entrance Policy for MSC Status Company (UPM-MTDC Technology Centre)

  • The company must be incorporated in Malaysia under the Companies Act 1965 within the past two (2) years
  • The company cannot be preparing for a corporate exercise or Initial Public Offering within the next 1 or 2 years.
  • The company cannot be involved in the following activities:-
  1. Pure manufacturing / assembly activities
  2. Trading activities
  • The company should posses all relevant approvals and licensing requirements from the relevant authorities accrediting its MSC status
  • Minimum paid up capital of RM 20,000
  • Credible management team
  • Clear and defined business vision
  • Operates in a legal and ethical manner, complying with all such statutory, regulatory and/or licensing requirements as may be applicable including company formation and protection of intellectual property rights
  • Company will be required to provide data to MTDC

 

Graduation Policy

Company may be graduated from the Technology Centre Programme if MTDC determines that is has met two or more of the following conditions:

  • The business reaches the maximum allowable stay in terms of a specific time limit, as determined by MTDC
  • Space requirements of the company exceed incubator capacity
  • Company reaches/achieves their tenure/milestone
  • Company is listed bought over by another bigger company
  • Garage unit/programme to enterprise unit
  • Enterprise unit to other places outside incubator
  • The business no longer needs or uses incubator business assistance services



Tenant Termination/Exit Policy

Tenants will be terminated from the Technology Centre for:

  • Non-payment of rent and/or services fees
  • Violations of lease and/or services agreements

 

 

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