CRDF 1 is a grant to enable spin-off and start-up companies to prove their technology’s readiness and to gauge market acceptance before receiving additional funding.
A spin-off company, otherwise known as a Syarikat Terbitan Universiti (STU):
- is defined as a company with local Public or Private University/Government Research Institution ownership.
- is required to operate their business from any recognised Technology Centre locally.
A start-up company:
- is a newly set up Small & Medium Enterprise (SME) established specifically as the vehicle for the commercialisation activities of a specific project.
- is recommended to operate their business from any recognised Technology Centre.
For further details on eligibility, click here.