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FINANCING SCHEME

NTIS – Sandbox 3

Objective

Claim Method

70% funding (grant + Convertible promissory note) of eligible costs or up to RM4.0m Commercialisation of validated technologies/products 18 months project duration

Purpose of Financing

Technology Development

Scope of Funding

  • Purchase of machinery & equipment
  • Technology Licensing/Consultation Fees
  • Product registration/regulatory compliance costs
  • Cost of production for Sandbox Technology/Product
  • Outsourcing costs
  • IP-related costs, including novelty search, patent drafting & legal costs
  • Operational expenditures
  • Advertising, Marketing & Promotional activities

*All costs described above may be subject to capping/restrictions as determined by the Fund Approval Committee

Application Procedure

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