A common problem faced by businesses, when time is ripe for expansion or to increase its production stakes, is access to greater financial resources. The Financial Advisory department helps companies go beyond the funds and grants provided by MTDC by linking and proposing them to financial institutions to acquire more funds. This undoubtedly broadens the sphere for businesses to develop world class products and services and the local technology industry as a whole. Currently, MTDC works closely with five banks
SUCCESSFUL TECHNOLOGY AWARD RECIPIENT ACCESS (STAR ACCESS)
Financial Advisory department also evaluate and audit for companies who are interested to be part of Successful Technology Award Recipient Access (STAR ACCESS) programme.
Green Lane Policy Company under Malaysian Technology Development Corporation Sdn Bhd (“MTDC”). The four (4) incentives under this policy are as follows:-
1. Loans with subsidised interest rates
Subsidised interest rate at 2% per annum subject to the maximum sum amount of RM200,000 annually or cumulative amount of RM1,000,000 for five years for each company, from the development financial institutions / banks approved by Ministry Of Finance (“MOF”).
2. Tax exemption
Exemption of stamp duty under the Section 80 (1) Stamp Act 1949 for the legal documentations.
3. Government Procurement
Registration of company for manufacturer status with the MOF may be approved without the requirement of site-visits.
4. Privileges in the MOF Incorporated Companies’ Procurement
Companies will be given priority in procurement activities done by MOF Incorporated Companies, depending on the procurement rules that were agreed upon with MOF.
(Treasury Circular No.7 2011 – Guidelines for Provision of Incentives under the Green Lane Policy)
- Allow 5% discounted rate for participation in MTDC’s event.
- Priority as exhibitor during MTDC conference.
To date, MTDC has approved six companies which are:-
|1||TAIACE Engineering Sdn Bhd||12 December 2014|
|2||Sciencegates Sdn Bhd||12 December 2014|
|3||MVE Technology Sdn Bhd||12 December 2014|
|4||GF Technology Sdn Bhd||23 April 2015|
|5||Nilai Coated Abrasives (M) Sdn Bhd||29 September 2015|
|6||Pointray (Malaysia) Sdn Bhd||25 May 2016|