Do you have great innovation but limited budget for Intellectual Property Rights? Do you know that Malaysian Government is offering governmental funds to encourage the nation in fostering and commercializing local innovation?
Intellectual Property (IP) are intangible assets which are undeniably important for a business to enhance a company’s value, to provide a main revenue stream and to set apart a company from its competitors. It is also recognition in being a pioneer of a technological world which then would contribute enormously to the country’s economy, thereby increasing growth in research and innovation.
Thus, protecting intellectual property still matters during this global pandemic.
Our government realizes the importance and value of IP, and has been putting effort in funding Malaysian citizens not only in creating innovation but in obtaining their legal rights via IP registration.
We summarize below the funds that are currently available for application:
- For instance:
Provider | Subject | IP Required | Brief Description | Application Date |
---|---|---|---|---|
Intellectual Property Corporation of Malaysia (MyIPO) | IP Filing Fund | IP ready to file | Criteria Malaysia citizen: -youth aged between 18 to 40 years -student of Government-recognized primary school/ secondary school/ colleges/ technical training institutions -local community (for GI only)
Application method Form downloadable at http://www.myipo.gov.my/en/dana-pemfailan-harta-intelek-2020/ | Closing by 30 June 2020 & subject to quota. Available every year. |
MESTECC | MESTECC R&D Fund | Proof of Concept of a product, process or system | Criteria
iii. Medical and Healthcare.
Application method Register an account at https://edana.mestecc.gov.my & complete the process | Closing by 30 April 2020
Upcoming opening: 1-31 July 2020; 1-31 Oct 2020 |
MESTECC | International Collaboration Fund (ICF) | Experimental Proof of Concept. End products are encouraged to be patented and registered for IP Rights | Criteria 1.International joint R&D projects between researchers from Malaysia and other countries
iii. Computer Sciences and Information and Communication Technology (ICT)
iii. Public and Private Institutions of Higher Learning (IHL) with accredited research programmes.
Application method Register an account at https://edana.mestecc.gov.my & complete the process. | TBA |
Malaysia Digital Economy Corporation (MDEC) Sdn Bhd | Development Fund | New Project/IP/Idea | New Project/IP/IdeaCriteria
2. More than Fifty Per Cent (50%) of the legal and beneficial ownership of the applicant is vested in Malaysian(s).
Application method Online application at https://mdec.my/digital-economy-initiatives/for-the-industry/entrepreneurs/digital-creative-content/digital-content-grant/ | Open till 15 May 2020 |
Malaysia Digital Economy Corporation (MDEC) Sdn Bhd | Further Development Fund | Developed and commercialized IP | Developed and commercialized IPCriteria
3. More than Fifty Per Cent (50%) of the legal and beneficial ownership of the applicant is vested in Malaysian(s).
iii. have not been submitted to or otherwise produced in connection with other competitions or other government initiative programs; Where the applicant has received funding from MDEC and/or any other ministries or agencies under the Government of Malaysia of any amount exceeding RM500,000.00 (in a single case):
Application method Online application at https://mdec.my/digital-economy-initiatives/for-the-industry/entrepreneurs/digital-creative-content/digital-content-grant/ | Open till 15 May 2020 |
TEE IP, who is Malaysia’s IP Agency of the Year 2020, is sharing this information from an IP perspective to help both individuals and SMEs to overcome the post-pandemic situation.
IP is a necessity, not a luxury.
Do not settle with mediocrity, protect with professionals.