The Smart Challenge Fund( SMART Fund) is the government's initiatives open to business and researchers interested in competing for fundding oppurtunities for which the Government has identified the strategic and prioritised needs(new technologies, processes, products) with the expectation that the deliverables will solve national problems and identify long term solutions.The fund is divided in two categories are Strategic R&D and Prioritised R&D .
OUR SERVICES
Apply fund through eDana System.
USER MANUAL
Download user manual below.
USER GUIDELINES
Download user guidelines below.
FUND AVAILABILITY
Information about funding.
SMARTFUND
MEDIUM SIZE COMPANY
STI AGENCY
GOVERMENT INSTITUTION OF HIGHER LEARNING
RESEARCH INSTITUTE
PRIVATE INSTITUTION OF HIGHER LEARNING
SMALL COMPANY
Strategic (Marketable Output)
To tackle strategic issues that will provide long term solutions, thus, ensuring commercialization of new R&D products to spur economic returns for the country. This fund covers pre-commercialisation stage with the technology readiness level (TRL 4).
Prioritised (Social Benefit)
To tackle prioritised issues that need immediate solution leading to improvement of societal wellbeing. This fund covers pre-commercialisation stage with the technology readiness level (TRL 6).
GO-FUND
The Enterprise Innovation Fund is to increase the participation of micro-businesses, individuals in innovative activities and encourage technological innovation of new or existing products, process or services for commercialisation.
INDIVIDUAL
SOLE PROPRIETOR
MICRO COMPANY
SMALL COMPANY
The Community Innovation Fund is to assist community groups in translating knowledge and ideas into products, processes or services that improve the socio-economic standing and quality of life of the community.
REGISTERED NGO
COMMUNITY GROUP
REGISTERED COOPERATIVE
VILLAGE SECURITY AND DEVELOPMENT COMMITTEE
ELIGIBILITY CRITERIA
Eligibility criteria
SMART FUND
STRATEGIC / PRIORITISED R&D
MAXIMUM DURATION
24 Months
- Minimum of 51% equity held by Malaysians
- Quantum RM1.0 Million-RM3.0 Million
- Minimum paid up capital in cash of RM10,000.00
GO-FUND
INNOFUND [ ENTERPRISE FUND ]
MAXIMUM DURATION
12 Months
- Minimum of 51% equity held by Malaysians
- Quantum RM50,000-RM500,000
- Minimum paid up capital in cash of RM10,000.00
GO-FUND
INNOFUND [ COMMUNITY FUND ]
MAXIMUM DURATION
18 Months
- Minimum of 51% equity held by Malaysians
- Quantum RM500,000
- Recognized Malaysian Community Group
CONTACT US
SMART Fund/GO-fund
- Address: Pre Commercialisation Fund (SMART Fund/GO-fund) Secretariat, Fund Section, Planning Division, Ministry of Science, Technology and Innovation (MOSTI) Level 4, Block C4, Complex C, Federal Government Administrative Centre, 62662 PUTRAJAYA.
Operating Hours
- Monday-Thursday: 8.30 am - 5.30 pm
- Friday: 8.30 am - 12.15 pm / 2.45 pm - 5.30 pm
- Phone: 03 8885 8704
- Phone: 03 8885 8298(General)
- Email: helpdesk-edana@mosti.gov.my