Page 236 - Official Year Book 2020
P. 236
TechnologyStart-Ups Funding commercialization and market their
Relief Facility (TSFRF) product/service/technology funded
by the Government to the local and
The TSFRF introduced in May 2020, international market. For the year 2020,
offered up to RM100.00 million in funds virtual Malaysia Commercialisation Year
for Venture Capital (VC) or Government Summit (MCY Summit 2020) held on 17
agency-backed Technology start- & 18 December 2020 to recognize the
ups that impacted by the COVID-19 achievements of local researchers and
outbreak. The facility will offered at an entrepreneurs who have successfully
interest rate of 3.50 percent per annum commercialized their R&D products in
on the amount outstanding. the local and international markets.
The TSFRF is similar to a revolving credit In addition, among other event held in
facility, which means that disbursement MCY Summit 2020 consist of various
can be request on demand or based on aspect on commercialisation ecosystem
6 months rolling cash flow requirements including funding. Until December 2020,
per applicant. Outstanding balances 386 products/technologies have been
of the principal can be rolled-over commercialised with sales value of more
semi-annually, providing flexibility in than RM402 million. The initial target
managing repayment. was to commercialise 360 products/
technologies by 2020.
The TSFRF financing offered aims at
providing immediate, affordable and ▶ Improved market penetration for
targeted cash flow assistance for local products/ technologies/
Venture Capital (VC) or Government services nationally and globally;
agency-backed Technology start-ups
that are impacted by the COVID-19 ▶ Increase global recognition for
outbreak. To date, MDV has approved local R&D products/ technologies/
RM55.22 million in facilities to 49 services;
applicants. From these approved
facilities, RM5.93 million disbursed. ▶ Create market niche in tandem with
the country’s strengths; and
MALAYSIA
COMMERCIALISATION ▶ Reduce overlapping programmes
YEAR (MCY) 2020 and initiatives among ministries
and agencies, but also encourages
Malaysia Commercialisation Year participation and sharing of
(MCY) has become a national agenda resources from various ministries.
since 2016. MCY is a platform
O232 FFICIAL YEAR BOOK 2020 to help researchers, innovators
and entrepreneurs to accelerate
Relief Facility (TSFRF) product/service/technology funded
by the Government to the local and
The TSFRF introduced in May 2020, international market. For the year 2020,
offered up to RM100.00 million in funds virtual Malaysia Commercialisation Year
for Venture Capital (VC) or Government Summit (MCY Summit 2020) held on 17
agency-backed Technology start- & 18 December 2020 to recognize the
ups that impacted by the COVID-19 achievements of local researchers and
outbreak. The facility will offered at an entrepreneurs who have successfully
interest rate of 3.50 percent per annum commercialized their R&D products in
on the amount outstanding. the local and international markets.
The TSFRF is similar to a revolving credit In addition, among other event held in
facility, which means that disbursement MCY Summit 2020 consist of various
can be request on demand or based on aspect on commercialisation ecosystem
6 months rolling cash flow requirements including funding. Until December 2020,
per applicant. Outstanding balances 386 products/technologies have been
of the principal can be rolled-over commercialised with sales value of more
semi-annually, providing flexibility in than RM402 million. The initial target
managing repayment. was to commercialise 360 products/
technologies by 2020.
The TSFRF financing offered aims at
providing immediate, affordable and ▶ Improved market penetration for
targeted cash flow assistance for local products/ technologies/
Venture Capital (VC) or Government services nationally and globally;
agency-backed Technology start-ups
that are impacted by the COVID-19 ▶ Increase global recognition for
outbreak. To date, MDV has approved local R&D products/ technologies/
RM55.22 million in facilities to 49 services;
applicants. From these approved
facilities, RM5.93 million disbursed. ▶ Create market niche in tandem with
the country’s strengths; and
MALAYSIA
COMMERCIALISATION ▶ Reduce overlapping programmes
YEAR (MCY) 2020 and initiatives among ministries
and agencies, but also encourages
Malaysia Commercialisation Year participation and sharing of
(MCY) has become a national agenda resources from various ministries.
since 2016. MCY is a platform
O232 FFICIAL YEAR BOOK 2020 to help researchers, innovators
and entrepreneurs to accelerate
