Frequently Asked Questions (FAQ)
– General Issues
What is the scope of the technology eligible to be funded by MTDC?
The proposed project must be on a technology-based manufacturing/service sector from any of the technology clusters:
- Industrial technology
- Sea to space
- Science & technology core
- Information communications & technology
For further details on eligibility, please refer to the relevant fund under the ‘Fund Management’ tab above.
How can a company apply for one of the funds under MTDC?
A company may apply for one of the funds by way of the following methods:
- Submitting the application by hand to MTDC (office hours: 9.00 AM – 6.00 PM);
- Submitting the application by email to MTDC – the physical copy must then be submitted to MTDC’s office within seven (7) days after the email submission; or
- Submitting the application by mail to MTDC – addressed to the ‘Chief Executive Officer’ and attention to the relevant department.
Please note that a company must apply directly to MTDC. A company may not engage a consultant to act and apply on its behalf.
MTDC has also never appointed any individual or company to act on its behalf.
For further details, please refer to the relevant application process under the ‘Fund Management’ tab above.
Is there a processing fee for the submission of an application for a fund?
Yes, there is a processing fee for an application for CRDF 2, CRDF 3 and TAF only. The application for the respective fund must be submitted along with a cheque of RM3,500. The cheque will only be processed if the application passes the pre-assessment stage.
In the event that the application does not pass the pre-assessment stage, the cheque will not be processed and it will be returned to the applicant.
How can an applicant check the status of the application after submission?
No, there is no deadline and companies may apply for a fund all year round. However, this is still subject to the availability of the funds.
What is the general process flow for the approval of an application?
In general, the process flow is as follows:
- Submission of application
- Pre-assessment of application to ensure fulfillment of basic eligibility criteria
- Evaluation of the merits of the application
- Submission to the Technical Committee
- Submission to the Approval Committee
- Signing of Agreement
For further details, refer to the relevant evaluation process under the ‘Fund Management’ tab above.
How long is the period to process an application?
The processing period for an application is approximately 45 working days or three (3) months from the submission of a complete application until it is presented to the Approval Committee.
If an application is incomplete, it will be returned to the company. Any subsequent applications will be treated as a new application from the company.
What language should the application be in?
The application should be submitted in the English language as per the format provided.
Can a company apply for more than one fund from MTDC at a time?
No, a company can only apply for one fund at a time.
If the company is a fund recipient, it can only apply for another fund after their current project has been closed successfully.
Can a company receive or apply for funds from another company or government agency while it is applying for an MTDC fund?
Yes, but this will be evaluated on a case-by-case basis.
Can a dormant company apply for one of the funds under MTDC?
A dormant company may not apply for a fund. Only an active company may apply.
A dormant company is a company that has no active business or income-generating activities.
Can a sole proprietorship or partnership or limited liability partnership apply for one of the funds under MTDC?
No, the company applying must be a private company (Sdn Bhd) as registered under the Suruhanjaya Syarikat Malaysia (SSM).
Is the CEO/Managing Director of a company required to be a Malaysian?
A fund recipient company may have a non-Malaysian as CEO/Managing Director as long as the company’s local equity fulfils the requirement under the respective fund.
Is there a requirement on the company’s paid up capital?
A company’s paid up capital should be reasonable and commensurate with the project cost.
Can an applicant include a supporting letter from a Minister/Deputy Minister/Government Agency as part of the application?
An applicant may include any supporting letter or document it deems necessary to support its application.
However, please note that the success of an application depends solely on the merits of said application.
Does MTDC provide consulting services to fund recipients?
Yes, MTDC provides consulting services through its Advisory & Value Added Services Division (AVAS). Companies may engage AVAS for assistance in the following areas:
- Business advisory
- Financial advisory
- Marketing advisory
- Technical advisory
Does MTDC practice a no-gift policy?
Yes, MTDC does practice a no-gift policy.
For more details on MTDC’s no-gift policy, please click here.