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TECHNOLOGY ACQUISITION FUND (TAF)

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Objectives

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  • To facilitate eligible Malaysian companies in the acquisition of foreign technologies for immediate incorporation into their existing business and manufacturing activities

  • To enable companies to accelerate their growth through the acquisition by enhancing their technology capacity and production processes capabilities

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Financing type

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Hybrid - Grant & Loan

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Financing Rate

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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)

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Financing amount (max)

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RM 4 million or 70% of the eligible expenses (whichever is lower)

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Funding Instrument

 

Grant and Convertible Promissory Note (CPN)

3.5% interest on CPN portion to start from the third year on instalment basis for a period of not more than 48 months

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Eligibility Criteria

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  • 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 technology to be acquired must be a registered Intellectual Property (Patent / Copyright / Industrial Design) with proven and significant sales volume in the country of origin

  • The technology provider must not hold any equity in the applicant’s company

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Purpose of Financing

 

Technology Development

 
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

  • TAF Business Plan

  • Soft copy (CD) of the TAF Business Plan; and

  • Application Checklist with relevant documents in order

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