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Strategic Technology Accelerator Fund (PEMACU) 2.0
The Strategic Technology Accelerator Fund (PEMACU) 2.0 is a research and development (R&D) grant program that provides focused and strategic funding support in line with national goals and the priorities set by the Ministry.
The funded R&D projects are expected to create long-term benefits for industries and communities by using resources effectively and focusing on achieving the targeted outcomes.
The PEMACU 2.0 Fund is offered under two (2) schemes.
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Technology Development Fund (TeD) up to RM4Mil
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Strategic Research Fund (SRF) up to RM10Mil
The TeD scheme uses a bottom-up approach based on research and innovation ideas proposed by applicants. The scheme focuses on technology development projects that already have a strong technical foundation and clear commercial potential. This approach helps speed up the process of turning research projects into commercial products or services.
Objectives
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To provide funding support for R&D projects that support government policies, roadmaps, action plans, and national initiatives.
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To develop innovative technologies, products, or processes that can solve industry challenges and create positive socioeconomic impact in line with the country’s STI policies and the 13th Malaysia Plan (RMK13).
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To improve and strengthen existing technology, product, or process designs towards commercialisation and help bridge the technology development gap (“valley of death”). Technology readiness will be measured using the Technology Readiness Level (TRL) scale.
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To strengthen the R&D ecosystem through strategic collaboration between Government Research Institutes (GRI), Higher Education Institutions (IPT), and industry players.
Eligibility Criteria
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Small and Medium Enterprises (SMEs) and Start-up companies that meet the following minimum requirements:
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Registered with the Companies Commission of Malaysia (SSM);
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Majority ownership by Malaysian citizens (more than 50%);
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Minimum paid-up capital of RM10,000;
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Business must be technology or innovation-based;
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Must have been operating for at least one (1) year and not more than five (5) years.
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The proposed project must achieve at least Technology Readiness Level (TRL) 4, with a proven concept (POC) or a working prototype.
The funding is provided through a matching grant method, where the company is required to contribute 15% of the project cost in cash. Under the TeD scheme, eligible companies can receive funding of up to RM4,000,000, subject to project approval and evaluation.
Mosti Payment Method to SMEs and Start-up Companies
Priority Areas of the Fund
Let Our Experts Assist with Your R&D Grant Application
The opportunity to apply for this grant is limited, so businesses planning to for R&D is not easy. As the application process can be challenging, our experienced team is ready to assist you with eligibility checks, documentation preparation, proposal write up and application submission to help improve your chances of approval.