Admission Policy
Prospective
companies are to submit their application form 14 days before the next
Steering Committee (SC) meeting. SC meeting is scheduled every month and
submission after this deadline will result in their application be tabled
in the subsequent SC meeting. Prospective companies must pass an admission
process and will receive significant benefits upon admittance into the
MTDC Technology Centre. Generally, the application process involves three
phases which takes an average of 4 weeks to complete. The process starts
upon receiving an application form together with letter of intent, detailed
business plan and other supporting documents. The applications will be
evaluated by phase based on the following schedule.
General Admission/Entrance Policy
- Company
incorporated under the Companies Act 1965;
- At least 51% of the equity held by Malaysians;
- A subsidiary
of a multinational company may be considered;
- Must establish collaboration with local university or research institution;
- Must be in operation for at least 3 months.
- Minimum paid up capital of RM 20,000
- Must be technology-based Business Company
- Credible management team
- Company operates from one of the Priority Technology Clusters
- Company will be required to provide data to MTDC
Admission/Entrance Policy for MSC Status Company (UPM-MTDC Technology Centre)
- The company must be incorporated in Malaysia under the Companies Act 1965 within the past two (2) years.
- The company cannot be preparing for a corporate exercise or Initial Public Offering within the next 1 or 2 years.
- The company cannot be involved in the following activities:- (a) Pure manufacturing / assembly activities (b) Trading activities
- The company should posses all relevant approvals and licensing requirements from the relevant authorities accrediting its MSC status.
- The company must be 51% Malaysian owned.
- Minimum paid up capital of RM 20,000
- Credible management team
- Clear and defined business vision.
- Operates in a legal and ethical manner, complying with all such statutory, regulatory and/or licensing requirements as may be applicable including company formation and protection of intellectual property rights.
- Company will be required to provide data to MTDC
10
Points MSC Bill of Gurantees (BoGs)
*Content
and Information extracted from www.msc.com.my