Technology Development Fund (TED) 2

Company Registration:

• Registered with SSM (Malaysian companies) or local authority (Sabah/Sarawak)

Startup Eligibility:

• Registered with SSM
• Majority Malaysian ownership (>50%) OR 
  • Minority ownership (<50%) with:
  • Proof of concept (POC) or working prototype
  • Malaysian operations
  • At least 70% Malaysian workforce
  • Minimum paid capital of RM10,000
  • At least 2 company directors
  • Technology-based business
  • In operation for less than 5 years

PKS Company Funding: 

• Matching grant (company funds at least 35% of project cost)

Collaboration:

• Encouraged for Startups/PKS with IPTA, IPTS, GRI, or STI agencies (LOA required)
• Encouraged for Government Research Institutions/STI Agencies with Startups/PKS (LOA required)

Collaborators: 

• Individuals/organizations working with the applicant (named in application, agreement required)