Funds
Centre for Innovation & Technology Transfer (INOVASI@UKM™):
- Provides Innovation Fund for pre-commercialisation or last-mile prototyping;
- Assists researchers in securing Prototype Research Grant Scheme (PRGS) for prototype development from Ministry of Higher Education (MOHE) and
- And UKMTech assist in applying grants from:
- Malaysian Technology Development Corporation (MTDC);
- Cradle Fund Sdn. Bhd.; a subsidiary company of Ministry of Finance (MOF);
- Biotechnology Corporation Sdn. Bhd. (BiotechCorp) and
- etc
- The fund schemes listed below sponsor the pre-commercialisation technology before exiting to the market.
TABLE 2: Stage and Source of Funds
| Stage | Source of Fund |
|---|---|
| Preliminary | University pre-seed fund, government grants and commercialisation grants |
| Formation of Start-Up | University pre-seed fund and commercialisation grants |
| Early-stage | University pre-seed fund, founder, angel investors, and commercialisation grants |
| Growth (Market Established) | Venture capitals, angel investors, suppliers & customers |
| Market expansion | Venture capitals, banks, Initial Public Offering (IPO) |