SERVICES

ICT BIZ STARTUP

National Incubator Network

or bio-informatics.

Tenancy

The Incubator must house early stage growth companies (ie seed-level or start-up companies, see defination below) involved in the above defined technology focus areas.

Definition of early stage growth companies

Seed-level companies

Entities that have been incorporated within the past two years, and have ideas or concepts that require funds for proof of concept

Start-up companies

Entities that may be in the process of setting up or have been in business for no more than 2 years and require first round funding capital for commercialization. These companies may not be generating profits yet

Facilities

The Incubator must offer at least the following basic facilities:
Internet accesss at minimum bandwidth of 128kbps

Shared facilities (eg meeting rooms, reception, audio-visual systems)

Business advisory support (in-house or outsourced)

Minimum 2,000 sq ft floor space

Funding and Fundraising

Applicants must demonstrate the ability to provide direct investment capital or establish channels for financing seed or growth capital.

Mentoring, Coaching and Training

Applicants must demonstrate availability of resources in providing mentoring, coaching and training through staffing of incubatee with expert in various relevant business acumen and linkage to experienced and well endowed industry players

Incubation Best Practices - Please refer to the attached softcopy on "Guidelines for MSC Malaysia Status (Incubator)"

[ Note : Incubators that are awarded MSC Malaysia Status automatically become members of the National Incubator Network. All newly formed incubators must register with the Registrar Of Companies within a month of obtaining MSC Malaysia Status. ]

Application Process

The key steps in the application process are as follows:

All applications will be acknowledged by the MDeC within 24 hours from the date of receipt. The acknowledgement letter will also contain the name of an account manager from the MSC Central Incubator who will act as the point of contact for all further communication and assistance.

Within 7 days from the date of the acknowledgement letter, any additional information or clarification needed from the applicant will be conveyed in writing by the account manager.

If the original application is complete, or upon receipt of additional information as required under paragraph 2 above, a letter of completeness will be sent by the MDeC to confirm that the application is deemed complete;

The decision on the application will be conveyed to the the applicant within 30 days from the date of the letter of completeness referred to in paragraph 3 above; and

Successful applicants will be informed about the benefits and other terms and conditions of the offer. Unsuccessful applicants will receive a written explanation stating why the application was not approved. Borderline applicants will be advised to refine and re-submit their applications.

Submission Procedures

Applicants are requested to use the MSC Malaysia Status incubator application template in submitting their applications

Applicants are required to submit the following to the MSC Malaysia Technology Commercialisation Centre:
- Three hard copies and one soft copy of the application
- One copy of three years audited report of substantial stakeholders
- Non-refundable processing fee of RM2,000 payable in the form of cheque or bank draft to Multimedia Development Corporation Sdn Bhd

All applications must be sent to:

Mr. A. Balasubramaniam
Head
MSC Malaysia Technology Commercialisation Centre
63000 Cyberjaya
Selangor Darul Ehsan

Tel : +603-8313 8001

Fax : +603-8313 8017

Email : bala@mdec.com.my

Downloadable Document

Guidelines for MSC Malaysia status (Incubator) Word Document Format

PDF Document Format

Application for MSC Malaysia status (Incubator) Word Document Format

PDF Document Format