MSC Malaysia announced that the registration deadline for it latest incentive, the Product Development & Commercialisation Fund (PCF) is approaching soon on the 8th October 2015 and the submission deadline is on 16th October 2015.
The fund is aimed at assisting local MSC Malaysia Status Companies to accelerate the development and commercialisation of innovative, market driven products, solutions, and services as well as increasing the creation of Intellectual Property for commercialisation.
Acting as the catalyst for local companies to go global, PCF supports all technology areas. However, funding preference is given to proposed projects related to these technology areas such as Cloud, eCommerce, Security, Gamification, Big Data Analysis, IoT or combinations of two or more of the said technology areas. Moreover, the fund will be given based on competitive bidding fund and will be awarded to the best bidders.
PFC grants will cover up to 50% of the approved total project cost or up to a ceiling of RM 750k per project whichever is lower; out of which, cost of product development phase can range from 30% to 70% of the approved grant amount and the cost of commercialisation phase can range from 30% to 70% of the approved grant amount. Each project is funded for up to 1 year 6 months only.
Applicants need to spell out realistic and achievable technical and commercial targets. Disbursement of PCF is on reimbursement basis upon meeting the said technical and commercial targets. Upon supporting market driven, innovative product development with high commercial potential, PCF also encourage the applicant to gather and address market demand as well as identify pilot implementation as it supports end to end funding in terms of product development and commercialisation costs.
For more information, please visit www.mscmalaysia.my/pcf