Commercialisation of R&D Fund 1 (CRDF 1,2,3)
Introduction
The CRDF provides added stimuli for the right innovation among Malaysian-owned companies, by providing partial grants to qualified R&D projects. These grants will enable full commercialization of home-grown R&D, developed by local universities / research institutions or the private sector.
Objectives
- CRDF provides partial funding for commercialisation activities of locally developed technologies by eligible Malaysian-owned companies. There are three types of CRDF tailored for specific commercialisation projects:
- CRDF 1: Partial grant to conduct technology and market validation activities for R&D outputs by public universities / public research institutions or any local R&D outputs to be undertaken by local companies
- CRDF 2: Partial grant for the commercialisation of any local R&D outputs by small and medium-sized companies (SMEs)
- CRDF 3: Partial grant for the commercialisation of any local R&D outputs from public universities / research institutions or local companies by non-SME / subsidiary of large corporation and public-listed companies
Financing type
Hybrid - Grant & LoanFinancing rate
3.5% interest on CPN portion to start from the third year on instalment basis for a period of not more than 48 months
Financing tenure
6 years (2 years Implementation and 4 years repayment period)
Financing amount (max)
CRDF 1
- Partial grants with a maximum of RM500,000 or 70% of the eligible expenses (whichever is lower)
- Payback Rate: 0% of funding amount
CRDF 2
- Partial grants with a maximum of RM4,000,000 or 70% of the eligible expenses (whichever is lower)
- Payback Rate: 3.5% interest on CPN portion
CRDF 3
- Partial grants with a maximum of RM4,000,000 or 50% of the eligible expenses (whichever is lower)
- Payback Rate: 3.5% interest on CPN portion
Funding Instrument
Grant & Convertible Promissory Note (CPN)
Purpose of Financing
Eligibility criteria
- The company is incorporated under the Companies Act 1965
- The company must be at least 51% Malaysian-owned
- The proposed technology acquisition must be from one of the Priority Technology Clusters identified by MOSTI
- The R&D must have been completed successfully and a commercial-ready prototype is available
Application procedure
- Applicants can submit their application during office hours to MTDC. Applicants are advised to ensure that the submission has all the required supporting documents, including:
- Application Form; CRDF Commercialisation Plan
- Soft copy (CD) of the CRDF Commercialisation Plan; and
- Application Checklist with relevant documents in order
For further information
Mariatini Othman
Senior Vice President
CRDF / TAF
Tel: +603 2172 6000
Email: mariatini@mtdc.com.my
Nurul Kartini Abu Bakar
Vice President
Processing of TAF / CRDF
Email: nurulkartini@mtdc.com.my
Malaysian Technology Development Corporation (MTDC)
Level G, Menara Yayasan Tun Razak,
Jalan Bukit Bintang,
55100 Kuala Lumpur
(Attn: TAF/CRDF Department)