COMPANY PROFILE
Malaysian Technology Development Corporation (MTDC) was set up by government of Malaysia in 1992 to spearhead the development of technology businesses in Malaysia. Its initial role was to concentrate on the promotion and commercialisation of local research and invests in new ventures that can bring in new technologies from abroad.
Grant Name
Halal Technology Development Fund (HTDF)
Agency Name
Malaysian Technology Development Corporation
Amount
Up to RM2 Million for Halal Fund 1, and Up to RM4 Million for Halal Fund 2
Type
Matching Grant
Category
SME
Sector
Ingredients and Additives, Cosmetics & Personal Care, Innovative Halal Products and Services, Food and Beverages
Purpose
Halal Technology Development Fund is specifically designed to finance and nurture small and medium enterprises (SMEs) for long-term growth and export through halal compliant activities. The primary focus of the fund is to provide companies with access to the best advisory services and networks. Activities include halal product development process and regulatory compliance services, as part of the effort to overcome barriers and hurdles to bring halal products and services to market.
Requirement / Criteria
1. The company is incorporated under the Companies Act 1965
2. The company must be at least 60% owned by Malaysian(s)
3. The company qualifies as an SME according to the guidelines on new SME definition 2013 by SME Corp. Malaysia
4. The company has already obtained halal certification from Department of Islamic Development Malaysia (JAKIM)
5. The company must not be a subsidiary of a GLC/MNC1.
6. For Halal Fund 2, all the criteria listed above (Halal Fund 1); and the products or services have already been exported.
