OBJECTIVES OF ENTERPRISE INNOVATION FUND (EIF)

1. To increase the participation of micro businesses, small businesses and individuals/sole-proprietors, in innovative activities. 
    
2. To develop new or improve existing products, process or services with elements of innovation for commercialization. 
    
3. To encourage technological innovation for product, process and service improvement 
    
4. To contribute towards the growth of the National GDP through the generation of economy 
    
5. To advance innovative activities for intellectual properties generation 
    

ELIGIBILITY CRITERIA

• Applicant must be a Malaysian individual, sole-proprietor, micro or small enterprise.
• Project proposal must contain elements of technological innovation leading to commercialisation of innovative products, processes and services.
• Project must still be within the pre-commercialization stage. Projects or products which are in the research stage or are ready for production or commercialisation are not eligible for this fund. 
  
  The technological innovation may either be:
  • The re-combination, fusion or integration of technologies that lead to new products, processes or services; or
  • The replication or refinement of existing technologies with improved value enhanced efficiency or cost reduction. 
• Project must focus on one of the technology clusters identified.
• Person(s) involved in the project should have suitable qualification or experience.
• Applicant must show proof of financial capability to fund the portion of project costs not supported under EIF.
• Project must be undertaken in Malaysia.
• Applicant (for individual applicants only) must identify one key person / referee that MOSTI may contact for verification purposes. The consent of the individual must be sought. The referee must also be aware of the details of the application.

TARGET GROUP

• Individuals
• Sole Proprietor;
• Micro Enterprise; or
• Small Enterprise.

 Read more from the MOSTI Website here.

 Print Friendly