Q1: 1) How can I apply to be one of the Symbiosis technopreneurs?
MTDC would advertise for such vacancy in the leading newspapers whenever embarking in a new Symbiosis Programme from time to time.
Q2: 2) What are the criteria to become Symbiosis technopreneurs?
The main criteria are:-
- have at least a diploma in any field;
- below 35 years of age; and
- good in English and Bahasa Malaysia.
Q3: How long is the duration of Symbiosis Programme?
Symbiosis Programme is basically 12 month programme from selection of candidate and technologies until the formation of start-up company.
Q4: What would be provided to the participants during the Symbiosis Programme for participants?
Yes, participants will be paid some basic allowance throughout the programme and participants would also be provided accommodations during the Training phase.
Q5: 5) How much funding can a company obtain from MTDC to commercialise the approved project?
Funding and its quantum is not guaranteed by MTDC, however this depends very much on the final business proposal since fund is strategically tailored towards the need to commercialise such product or technology.
Q6: 6) Is the fund given in the form of grant or loan?
It can be either one of the above subject to fund availability.
Q7: 7) Where would be the source of the technology that the participants would commercialize?
The technology being commercialized would be sourced from various universities and research institutions by MTDC. A detail market feasibility study was done to determine its viability before any technology is chosen to be part of the program.
Q8: Is success guaranteed for the start-up companies?
As in any start-up business, success cannot be guaranteed because success depends on several factors for e.g. the ability of entrepreneur him/herself, the business model, the environment as well as the financial aspect. MTDC however would provide nurturing and value added services to the companies and assist them with the objective companies can become independent and able to achieve the set goals and milestones within certain time frame.
Q9: 9) What are the responsibilities and liabilities of the selected participants?
The responsibilities and liabilities of the selected participants is as follows:
- To participate in all activities and sessions
- To submit all assignment and tasks