The Ministry of Science, Technology and Innovation (MOSTI) has announced that the application to join the National Technology and Innovation Sandbox (NTIS) MOSTI is now open. Technology start-up companies can now start applying for the four types of financing schemes offered.
Allocation of RM100 million under the National Economic Regeneration Plan (GENERATOR) for NTIS to assist the national digitization process.
Follow the sharing below for more information on the types of financing schemes provided and how to apply for the scheme.
NTIS FINANCING OBJECTIVES
The objectives of the NTIS financing scheme provided are:
To drive the development of talent until the country reaches the potential to become a high-tech country
Provide alternative routes to solve local technology problems access market turnover
Increase sector productivity through the use of advanced technology
Enhancing Malaysia’s digital infrastructure and technology platform
Increase the rate of innovation and commercialization
TYPE OF NTIS FINANCING SCHEME
Among the types of financing offered are:
Single Site Sandbox
Maximum financing of RM250,000 in the form of a full grant and sandbox solution in a single location.
Maximum financing of RM500,000 in the form of a partial grant (70 percent) to finance the cost of sandbox settlement in various locations.
Maximum financing of RM4 million in the form of hybrid funds, grants and variable promissory notes to finance the commercialization cost of the sandbox solution.
Fund Matches with Investors / Corporate Companies
Maximum allocation of RM15 million as matching funds to investors and corporate companies.
Financing instruments will be subject to agreement between MTDC (Malaysia Technology Development Corporation) and the investors and corporate companies involved
Sector targets for NTIS financing programs are:
Medical & Health Technology
NTIS opens applications to all types of technology, but priority is given to the following technologies:
5G / 6G
4d / 5d printing
Advanced Intelligent Systems
Augmented Analytics & Data Recovery
Electrical & Electronics
Cybersecurity & Encryption
Among the eligibility requirements that need to be met to apply are:
Malaysian citizen and owner of the company
Aged 18 years and above
Overseas companies cooperating with Malaysian companies
Is a Technology Readiness Level (TRL) of 6 (Commercial Ready Prototype) and above
Have proof of technology ownership and permission to use technology
Having problems related to access or market
HOW TO APPLY
Applications can be made online at the following link:
National Technology & Innovation Sandbox
Click on Solution Provider and select Sign Up to start applying.