Multimedia Super Corridor Technopreneur Pre Seed funding is specialy tailored for technopreneurs at the pre seed level stage. Pre-seed means you have an idea but you do not have a product as of yet. Therefore this grant is given to you to change your idea into a product.
Please do not get confused with business loan which is focused directly on business expenditure, this grant is for you to create your product (product focused expenditure).
Again, this is a conditional grant, therefore you must make sure you complete the deliverables you agree (example: build software until the functional stage, etc). If you violate the deliverables or don’t complete the project as agreed you can be liable to pay. Please take note that if you receive investment, loan or grant worth RM1 million and above, you have to pay back your grant. If you don’t get such investment or grant, no need pay.
Who is eligible for this funding?
- Malaysians and applicants must be individuals of at least 2 person (aged 21 years old and above)
- One project member must work full time
- For university students and employees, you need to get your head of department to sign letter of consent
Your business idea must be within this qualifying category to get the funding:
- Creative multimedia and content development
- Software development
- Internet based businesses
- Support services
- Shared services outsourcing
- Hardware design
Funding amount?
RM150,000 maximum with a 12 months duration of completion.
What is the qualifying expenditure?
- Consultancy, Research & Development Services-Outsource (20%)
- Development Materials-Components and devices
- Company Incorporation-(RM2.5k)
- MSC Malaysia status application-(RM2k)
- Market Feasibility Testing-Travel & Accommodation (10%)
- Laptops/desktops/printers/software (10%)
- Allowance-Max RM1.5k per member (RM90k & Max 5 members)
How do I apply?
Please take note that the pre seed funding application is open in batches. Refer to the website for the opening dates to apply.
How do I contact them?
MSC Malaysia Technology Commercialization Centre
c/o Secretariat, Technopreneur Pre-Seed Fund Programme
Technopreneur Development Division
Multimedia University (MMU)
63000 Cyberjaya
Selangor Darul Ehsan
You can call them at +603-8313 8000 or e-mail: techpreseed@mdec.com.my
You can visit the site at Technopreneur Pre Seed Funding – Technepreneur development website or download the documents below:
